Webull Corporation Class A Ordinary Shares (BULL) Stock

Webull Corporation Class A Ordinary Shares (BULL) is a Financials stock trading at $8.70 (as of 2026-08-20), with a market capitalization of $3.51B and a trailing P/E of 141.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

The required SEC 10-K “Business” text for Signals.AI was not provided in the request, so a fact-based description of what the company does and its products for each served audience cannot be generated from authoritative source material.

Understand Webull Corporation Class A Ordinary Shares: how it makes money

Webull runs a digital investment platform offering trading services and related investor resources, and it generates Trading Related Revenues from customer equity and options trading.

Webull's profit engine is the scale and stickiness of its customer base (Webull Customer Assets and retention), which drives Trading Related Revenues from equity and options trading activity.

Revenue by segment (latest quarter)
Options$0.1B
Equity$0.0B

Business quality (Weak): For the latest period, operating margin was -16.3%, and gross margin is not provided, which limits visibility into profitability and unit economics.

Bull case

  • Customer base appears sticky: Quarterly Retention Rate is 98.4%.
  • Business is supported by meaningful customer scale: Webull Customer Assets are USD 24.6B, and Customer Net Deposits are USD 2.1B.
  • Trading revenues have identifiable components: Trading Related Revenues include Options Revenue (USD 0.07B) and Equity Revenue (USD 0.03B).

Bear case

  • Profitability is currently negative: Operating margin is -16.3% for the period ending 2025-06-30.
  • Unit economics are harder to assess from the provided data: Gross margin is not provided (null).
  • Revenue is tied to trading activity: Trading Related Revenues are broken out into equity and options revenue, so results may be sensitive to changes in equity trading and options trading activity.
Valuation — source: SEC EDGAR (first-party)
Price$8.70
Market Cap$3.51B
P/E Ratio141.8
EV / EBITDA59.1
Price / Book3.46
Price / Sales6.15
FCF Yield16.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$571.00M
Net Margin4.3%
Return on Equity2.4%
Current Ratio1.33
Revenue Growth (YoY)46.3%
EPS Growth (YoY)-67.0%
FCF Growth (YoY)207.2%
Financial Health — source: SEC EDGAR
Altman Z-Score0.40 (distress)
Valuation vs Sector & Industry
Stock P/E141.8
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector837.1%
vs Industry310.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPEAK6 LLC ($144.54M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOAnquan Wang
Employees1,194
CountryUS
IPO Date2025-04-11

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BULL earnings history · BULL institutional & insider holders · BULL KPIs & operating metrics · BULL financials · BULL investor presentations & press releases · BULL SEC filings · BULL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.