Technology · Software - Application
Price
$6.82
Market Cap
$3.6B
Employees
1,194
Beta
0.57
Avg Volume
13,788,479
CEO
Anquan Wang
Business Description
Webull Corporation serves as a prominent digital investment platform. It provides a comprehensive suite of financial services, encompassing brokerage for trading activities, the distribution of wealth management products, detailed market insights, a dynamic user community, and educational resources for investors.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-5.54
Stock Price: $6.82
EPS (Diluted): -1.23
EPS (Diluted): -1.23
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.04
Stock Price: $6.82
Total Equity: $1.02B
Shares: 396,999,679
Total Equity: $1.02B
Shares: 396,999,679
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
46.55
Market Cap: $3.63B
Total Debt: $65.00M
Cash: $2.19B
EBITDA: $53.89M
Total Debt: $65.00M
Cash: $2.19B
EBITDA: $53.89M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$2.5B
Market Cap: $3.63B
Total Debt: $65.00M
Cash: $2.19B
Total Debt: $65.00M
Cash: $2.19B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
77.5%
Gross Profit: $442.25M
Revenue: $571.00M
Revenue: $571.00M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
10.2%
Operating Income: $58.47M
Revenue: $571.00M
Revenue: $571.00M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
4.3%
Net Income: $24.77M
Revenue: $571.00M
Revenue: $571.00M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
2.4%
Net Income: $24.77M
Total Equity: $1.02B
Total Equity: $1.02B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-2.8%
Operating Income: $58.47M
Tax Rate: 46.1%
Equity: $1.02B
Total Debt: $65.00M
Cash: $2.19B
Tax Rate: 46.1%
Equity: $1.02B
Total Debt: $65.00M
Cash: $2.19B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.33
Current Assets: $3.46B
Current Liabilities: $3.61M
Current Liabilities: $3.61M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.06
Short-Term Debt: $0.00
Long-Term Debt: $65.00M
Total Debt: $65.00M
Total Equity: $1.02B
Long-Term Debt: $65.00M
Total Debt: $65.00M
Total Equity: $1.02B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.44
Revenue: $571.00M
Shares: 396,999,679
Shares: 396,999,679
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.56
Total Equity: $1.02B
Shares: 396,999,679
Shares: 396,999,679
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.41
Operating CF: $566.42M
CapEx: -$4.89M
Shares: 396,999,679
CapEx: -$4.89M
Shares: 396,999,679
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $6.82
Stock Price: $6.82
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $24.77M
Net Income: $24.77M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BULL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:43pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $388.3M | $389.6M | $390.2M | $571.0M |
| Cost of Revenue | $0 | $59.8M | $66.4M | $79.3M | $128.7M |
| Gross Profit | $0 | $328.6M | $323.2M | $310.9M | $442.2M |
| Operating Expenses | $33,831 | $260.0M | $300.2M | $325.3M | $383.8M |
| Operating Income | $-33,831 | $68.6M | $23.0M | -$14.4M | $58.5M |
| Net Income | $-33,831 | $50.1M | $6.1M | -$22.7M | $24.8M |
| EBITDA | $-33,831 | $69.2M | $24.9M | -$5.3M | $53.9M |
| EPS | $0.00 | $0.00 | $-0.73 | $-1.13 | $-1.23 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:43pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $436.2M | $372.3M | $270.7M | $2.2B |
| Total Current Assets | $1.0B | $1.2B | $1.9B | $3.5B |
| Total Assets | $1.1B | $1.3B | $2.1B | $3.9B |
| Current Liabilities | $563.1M | $680.5M | $1.4B | $3.6M |
| Long-Term Debt | $0 | $0 | $0 | $65.0M |
| Total Liabilities | $578.2M | $695.9M | $1.5B | $2.9B |
| Total Equity | $513.5M | $563.6M | $605.5M | $1.0B |
| Retained Earnings | -$1.4B | -$1.8B | -$2.2B | -$2.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:43pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -$31.2M | $470.6M | $185.2M | $566.4M |
| Capital Expenditure | -$31.6M | -$4.5M | -$2.4M | -$4.9M |
| Free Cash Flow | -$62.8M | $466.1M | $182.8M | $561.5M |
| Acquisitions (net) | $-109,163 | -$5.5M | $0 | $50.4M |
| Debt Repayment | — | — | — | — |
| Dividends Paid | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | -$20.0M |
| Net Change in Cash | -$51.2M | $475.8M | $215.8M | $980.3M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 1:00am (8h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$562.4M $555.2M – $568.9M
|
$714.6M $705.3M – $722.8M
|
$894.2M $879.0M – $909.3M
|
$908.0M $896.3M – $918.5M
|
| EBITDA |
$148.8M $146.9M – $150.5M
|
$189.1M $186.6M – $191.2M
|
$236.6M $232.6M – $240.6M
|
$240.2M $237.1M – $243.0M
|
| Net Income |
$78.0M $76.8M – $79.2M
|
$42.3M $41.6M – $43.0M
|
$106.2M $89.0M – $137.3M
|
$135.0M $132.7M – $137.0M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:43pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | +0.3% | +0.2% | +46.3% |
| Gross Profit Growth | — | -1.6% | -3.8% | +42.2% |
| Operating Income Growth | +202,739.3% | -66.5% | -162.5% | +507.4% |
| Net Income Growth | +148,122.9% | -87.9% | -473.9% | +209.2% |
| EBITDA Growth | +204,605.0% | -64.1% | -121.2% | +1,124.9% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BULL — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30