Webull Corp BULL
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.23
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $571.0M | $390.2M | $389.6M | $388.3M | — |
| R&D | $35.5M | $32.7M | $32.0M | — | — |
| SG&A | $168.6M | $122.7M | $95.8M | $73.0M | — |
| Total operating expenses | $512.5M | $404.6M | $366.6M | $319.8M | — |
| Interest expense | $5.5M | $122.8K | — | — | — |
| Pre-tax income | $45.2M | -$12.1M | $20.2M | $65.7M | — |
| Income tax | $20.8M | $13.8M | $16.1M | $32.2M | — |
| Net income | $24.8M | -$22.7M | $6.1M | $50.1M | — |
| EPS, basic | -1.23 | -3.73 | -2.42 | -0.01 | — |
| EPS, diluted | -1.23 | -3.73 | -2.42 | -0.01 | — |
| Shares, diluted (wtd. avg.) | $397.0M | $138.8M | $138.0M | $134.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $653.2M | $270.7M | $372.3M | $436.2M | — |
| Receivables | $5.6M | $3.8M | $693.8K | — | — |
| Total current assets | $3.68B | $1.93B | $1.18B | — | — |
| Property, plant and equipment | $35.9M | $33.6M | $34.3M | — | — |
| Goodwill | $30.3M | $5.2M | $5.2M | — | — |
| Other intangibles | $55.4M | $19.4M | $21.4M | — | — |
| Total assets | $3.88B | $2.07B | $1.26B | — | — |
| Accounts payable | $19.0M | $9.7M | $15.4M | — | — |
| Total current liabilities | $2.78B | $1.45B | $680.5M | — | — |
| Total liabilities | $2.86B | $1.46B | $695.9M | — | — |
| Retained earnings | -$2.18B | -$2.24B | -$1.76B | — | — |
| Total equity | $1.02B | -$2.26B | -$1.76B | -$1.45B | -$1.48B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $566.4M | $185.2M | $470.6M | -$31.2M | — |
| Depreciation and amortisation | $2.6M | $3.0M | $2.7M | $1.3M | — |
| Stock-based compensation | $43.9M | $32.6M | $29.4M | $30.0M | — |
| Capital expenditure | $4.9M | $2.4M | $4.5M | $31.6M | — |
| Investing cash flow | $45.5M | -$2.4M | -$10.0M | -$32.4M | — |
| Financing cash flow | $352.1M | $40.3M | $12.8M | $17.9M | — |
| Buybacks | $20.0M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-041653.
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