Webull said FY 2025 total revenues rose to USD 571.0 million (+46%), while adjusted operating expenses increased to USD 460.7 million (+24%). Adjusted operating profit was USD 110.3 million, with an adjusted operating profit margin of 19.3% (a 14.6-point increase from last year). Webull also reported USD 84 million in adjusted net income for FY 2025. For Q4 2025, total revenues were USD 156.9 million (+50%) and adjusted operating expenses were USD 143.6 million (+62%), as the company cited higher marketing spend. Adjusted operating profit in Q4 was USD 21.6 million with a 13.0% margin, and adjusted net income was USD 14.6 million (8.8% of revenue). Operationally, Q4 2025 registered users rose to 26.8 million (+15%) and funded accounts reached 5.03 million (+8%), with customer assets at USD 24.6 billion (+81%) and Q4 net deposits of USD 3.9 billion (+225%); Webull reported USD 8.6 billion of net deposits for FY 2025. Q4 equity notional volume was USD 239 billion (+87%) and options contracts volume was 147 million (+38%), while daily average revenue trades were 1,202 thousand in Q4. Business updates highlighted continued scaling of new offerings, including Webull Premium with 102k subscribers at year-end, the launch of the Vega AI assistant, and expanded advisor solutions through a BlackRock partnership adding five strategies with 30 portfolios. Webull also cited reintroducing digital assets via the acquisition of Webull Pay and launching crypto trading in Brazil and Australia, as well as launching prediction markets (162 million prediction contracts traded in Q4, including 81 million in December) and introducing corporate bonds. Internationally, Webull said it surpassed 760k funded accounts outside the U.S., APAC customer assets exceeded USD 3 billion, it partnered with Meritz Financial Group to offer U.S. market access to Korean investors, and it launched in the Netherlands while obtaining licenses in four additional EU markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Webull Corp. published the original content used to generate this news brief on March 04, 2026, and is solely responsible for the information contained therein.