Webull Corporation Class A Ordinary Shares logo BULL - Webull Corporation Class A Ordinary Shares

Price: -- -- | PRICE TARGET: $12.00 DETAILS
HIGH: $15.00
LOW: $9.00
MEDIAN: $12.00
CONSENSUS: $12.00
UPSIDE: 103.39%
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4
Revenue
Revenue 198.8 159.9 165.2 156.9 131.5 117.4 107.7 101.9 89.9 88.9 84.5 99.6 101.6 104.3 0 0 0 0 0
Cost of Revenue 44.3 38.4 35.1 35.6 34.8 23.2 22.6 19.8 19.0 17.9 17.5 16.7 15.5 16.7 0 0 0 0 0
Gross Profit 154.5 121.5 130.1 121.3 96.7 94.1 85.1 82.0 70.9 71.0 67.0 82.9 86.1 87.6 0 0 0 0 0
Operating Expenses
R&D Expenses 0 23.9 20.6 22.5 19.1 16.9 17.5 16.4 15.0 14.9 12.4 12.6 13.6 13.5 0 0 0 0 0
SG&A Expenses 0 100.1 89.1 74.4 81.3 56.6 50.7 74.5 64.8 65.9 65.3 52.7 62.1 60.6 0.3 0.3 0.1 0.0 0.0
Other Expenses 109.0 0 3.2 0 0 0 1.9 1.8 0 0 3.5 1.1 1.7 1.6 0 0 0 0 0
Operating Expenses 109.0 123.9 112.9 96.9 100.4 73.5 70.1 92.8 79.8 80.8 81.2 66.4 77.4 75.7 0.3 0.3 0.1 0.0 0.0
Operating Income
Operating Income 45.5 (2.4) 17.2 24.4 (3.7) 20.6 15.0 (10.7) (8.9) (9.8) (14.2) 16.5 8.8 11.9 (0.3) (0.3) (0.1) (0.0) (0.0)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 42.8 40.1 43.5 0 0 0 0 0 0 0 0 0 0 0 2.2 0.6 0.0 0 0
Profitability
EBITDA 34.7 (12.8) 8.1 39.0 (20.0) 19.5 18.3 (7.4) (9.4) (8.9) (15.8) 14.9 14.8 9.0 1.9 0.3 (0.1) (0.0) (0.0)
EBIT 34.7 (12.8) 8.1 39.0 (21.4) 19.5 17.5 (9.2) (10.3) (9.8) (16.5) 14.2 14.1 8.4 1.9 0.3 (0.1) (0.0) (0.0)
Income Before Tax 34.7 (12.8) 8.1 39.0 (21.4) 19.5 17.3 (9.2) (10.3) (9.8) (16.5) 14.2 14.1 8.4 1.9 0.3 (0.1) (0.0) (0.0)
Income Tax Expense 10.3 8.9 5.1 2.2 7.0 6.6 9.4 0.3 1.4 2.7 (2.9) 7.1 5.8 6.2 0 0 0 0 0
Net Income 24.4 (21.7) 3.0 36.9 (28.3) 13.1 10.8 (9.4) (11.6) (12.4) (13.5) 7.4 9.1 3.1 1.9 0.3 (0.1) (0.0) (0.0)
Per Share Data
EPS (Basic) 0.05 -0.04 0.01 0.08 -1.20 -0.02 0.00 1.39 -0.05 -2.39 0.01 0.48 -0.00 0.25 0.00 0.00 -0.00 -0.00 -0.00
EPS (Diluted) 0.04 -0.04 0.01 0.07 -1.20 -0.02 0.00 1.39 -0.05 -2.39 0.01 0.48 -0.00 0.25 0.00 0.00 -0.00 -0.00 -0.00
Shares Outstanding 530.6 526.1 522.0 490.1 431.4 461.5 460.4 459.4 459.4 459.4 459.4 459.4 459.4 459.4 524 524 515 500 500
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Current Assets
Cash & Cash Equivalents 701.6 677.2 653.2 654.8 476.7 297.5 270.7 314.3 335.9 388.7 372.3 399.0 0.2 0.4 0.5 0.6 2.3 0.2
Short-Term Investments 223.8 174.7 172.3 155.4 127.5 105.8 108.3 88.6 73.6 59.4 45.5 33.2 0 0 0 0 0 0
Net Receivables 1,713.2 1,343.5 1,294.8 1,041.4 613.9 519.0 575.0 354.2 279.7 174.2 101.4 87.7 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 1,000.3 1,329.8 1,544.9 1,450.8 1,273.1 968.1 952.0 943.2 819.5 712.5 627.2 568.0 0 0 0 0 0 0
Total Current Assets 3,638.8 3,525.2 3,684.6 3,302.4 2,491.2 1,890.4 1,931.8 1,700.2 1,508.7 1,334.9 1,182.7 1,087.9 0.7 0.4 0.9 1.1 2.3 0.2
Non-Current Assets
Property, Plant & Equipment 105.5 100.8 100.3 96.6 97.1 97.8 99.9 103.0 101.8 45.1 46.2 64.7 0 0 0 0 0 0
Goodwill 25.1 30.3 30.3 30.3 5.2 5.2 5.2 5.2 5.2 5.2 5.2 0 0 0 0 0 0 0
Intangible Assets 54.3 54.9 55.4 56.3 20.5 19.9 19.4 21.0 19.1 20.2 21.4 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 222.4 219.9 217.6 215.4 205.0 0
Other Non-Current Assets 285.6 1 1 1.5 1 0 0 0 0 0 0.0 0 0 0.6 0.2 0.3 0 0.4
Total Non-Current Assets 473.9 188.3 196.3 186.1 133.5 133.1 136.9 139.7 133.9 76.2 77.5 71.6 222.4 220.5 217.9 215.7 205.0 0.4
Total Assets 4,112.7 3,713.5 3,880.9 3,488.5 2,624.6 2,023.5 2,068.7 1,839.9 1,642.6 1,411.1 1,260.1 1,159.5 223.1 220.9 218.8 216.8 207.3 0.6
Current Liabilities
Account Payables 2,975.5 2,504.7 2,686.9 2,277.0 1,693.5 1,312.3 1,388.3 1,161.7 972.6 744.4 640.2 516.2 0 0 0 0 0 0
Short-Term Debt 67.6 0 0 0 0 0 0 1.7 1.3 1.3 0 0 5.2 5.2 5.2 0 0 0.3
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities (2,977.1) 0 45.5 0 0 0 33.0 (1.7) (1.3) (1.3) 22.5 0 0.4 0 0.3 0.3 0.9 0
Total Current Liabilities 71.1 2,608.8 2,777.1 2,366.3 1,756.8 1,378.2 1,446.2 1,224.4 1,029.3 795.4 680.5 577.3 5.6 5.2 5.5 0.3 0.9 0.3
Non-Current Liabilities
Long-Term Debt 0 65 65 100 100 0 0 5.2 5.2 5.2 0 0 0 0 0 5.2 5 0
Deferred Tax Liabilities 13.2 13.3 13.4 13.8 5.7 5.5 5.3 5.7 5.2 5.4 5.8 5.5 0 0 0 0 0 0
Other Non-Current Liabilities 2,977.1 0 0 0 0 2,883.5 2,861.7 (5.2) (5.2) (5.2) 2,326.4 1,674.2 7.3 7.7 7.3 14.7 7.0 0.3
Total Non-Current Liabilities 2,998.0 86.5 87.3 123.2 115.3 2,899.3 2,877.5 16.3 16.3 14.3 2,341.7 1,689.2 7.3 7.7 7.3 12.6 12.0 0.3
Total Liabilities 3,069.1 2,695.3 2,864.4 2,489.5 1,872.1 4,277.4 4,323.6 1,240.8 1,045.6 809.7 3,022.2 2,266.5 13.0 13.0 12.9 12.8 12.9 0.6
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 222.3 219.8 217.5 215.3 205.0 0.0
Retained Earnings (2,175.5) (2,199.9) (2,178.2) (2,181.2) (2,231.8) (2,241.6) (2,241.1) (2,221.6) (2,858.1) (2,843.9) (1,755.9) (1,119.7) (12.2) (11.9) (11.6) (11.4) (10.6) (0.1)
Accumulated Other Comprehensive Income 11.8 7.2 1.5 (5.7) (4.2) (13.4) (15.2) (5.6) (10.9) (9.6) (6.9) (11.4) 0 0 0 0 0 0
Total Stockholders' Equity 1,043.5 1,018.1 1,016.3 998.9 751.6 (2,255.0) (2,256.2) 597.7 596.5 600.9 (1,762.8) (1,107.8) 210.1 207.9 205.9 204.0 194.4 (0.0)
Total Liabilities & Equity 4,112.7 3,713.5 3,880.9 3,488.5 2,624.6 2,023.5 2,068.7 1,839.9 1,642.6 1,411.1 1,260.1 1,159.5 223.1 220.9 218.8 216.8 207.3 0.6
Debt Metrics
Total Debt 78.7 76.5 77.5 112.8 113.0 13.7 15.4 22.6 22.7 18.5 13.1 12.4 5.2 5.2 5.2 5.2 5 0.3
Net Debt (622.9) (600.6) (575.7) (542.1) (363.7) (283.8) (255.3) (291.6) (313.2) (370.2) (359.3) (386.6) 5.0 4.9 4.7 4.6 2.7 0.1
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q3 2022 Q2 2022 Q1
Operating Activities
Net Income 24.4 (21.7) 3.0 36.9 (28.3) 13.1 10.6 (9.6) (11.7) (12.6) (13.5) 7.4 9.0 3.1 0.3 (0.1) (0.0)
Depreciation & Amortization 0 0 0 0 1.4 0 0.9 0.8 0.9 0.9 0.8 0.7 0.7 0.6 0 0 0
Stock-Based Compensation 17.1 17.2 4.4 4.4 0 8.1 6.6 5.4 8.5 12.1 6.1 6.6 7.8 8.9 0 0 0
Change in Working Capital 0 0 0 0 0 0 18.9 92.1 75.0 (7.1) 79.9 151.7 115.0 100.4 (0.7) 0.0 (0.0)
Other Non-Cash Items (41.5) 4.5 (7.4) (41.3) 26.9 (21.2) 3.6 (2.0) (0.5) 0.2 (14.6) 3.1 (0.0) 0.2 (0.6) (0.0) 0
Operating Cash Flow 0 0 0 0 0 0 38.4 84.1 70.1 (7.5) 58.7 168.3 131.5 112.1 (1.0) (0.1) (0.0)
Investing Activities
Capital Expenditure 0 0 0 0 0 0 (0.5) (1.0) (0.3) (0.7) (1.1) (1.9) (0.4) (1.0) 0.0 (0.0) 0.0
Acquisitions 0 0 0 0 0 0 0 0 0 0 (4.0) 0 0 (1.5) 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (9.8) (205) 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 0 0 0 0 0 0 (0.5) (1.0) (0.3) (0.7) (5.1) (1.9) (0.4) (2.6) (9.8) (205) 0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0.6 0 0 0 0 0.2 4.7 0.3
Stock Repurchased 0 0 0 0 0 0 (3.7) 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 3.7 0.0 0 (0.6) 0 (7.2) 0 0 (0.4) 0.4 0
Financing Cash Flow 0 0 0 0 0 0 0 0.0 0 40.3 0 (7.2) 20 0 9.2 207.2 0.2
Cash Position
Net Change in Cash 0 0 0 0 463.0 (5.7) 29.7 86.9 69.1 30.1 62.0 157.3 143.8 112.8 (1.7) 2.1 0.2
Cash at Beginning 0 0 0 0 1,204.2 1,210.0 1,180.3 1,093.4 1,024.2 994.1 932.1 774.9 631.1 518.3 2.3 0.2 0
Cash at End 0 0 0 0 1,667.2 1,204.2 1,210.0 1,180.3 1,093.4 1,024.2 994.1 932.1 774.9 631.1 0.6 2.3 0.2
Free Cash Flow 0 0 0 0 0 0 38.0 83.2 69.8 (8.2) 57.6 166.4 131.0 111.1 (1.0) (0.1) (0.0)
Key Metrics 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4
Income Statement
Revenue 198.8 159.9 165.2 156.9 131.5 117.4 107.7 101.9 89.9 88.9 84.5 99.6 101.6 104.3 0 0 0 0 0
Gross Profit 154.5 121.5 130.1 121.3 96.7 94.1 85.1 82.0 70.9 71.0 67.0 82.9 86.1 87.6 0 0 0 0 0
Operating Income 45.5 (2.4) 17.2 24.4 (3.7) 20.6 15.0 (10.7) (8.9) (9.8) (14.2) 16.5 8.8 11.9 (0.3) (0.3) (0.1) (0.0) (0.0)
Net Income 24.4 (21.7) 3.0 36.9 (28.3) 13.1 10.8 (9.4) (11.6) (12.4) (13.5) 7.4 9.1 3.1 1.9 0.3 (0.1) (0.0) (0.0)
EPS (Diluted) 0.04 -0.04 0.01 0.07 -1.20 -0.02 0.00 1.39 -0.05 -2.39 0.01 0.48 -0.00 0.25 0.00 0.00 -0.00 -0.00 -0.00
Balance Sheet
Cash & Equivalents 701.6 677.2 653.2 654.8 476.7 297.5 270.7 314.3 335.9 388.7 372.3 399.0 0.2 0.4 0.5 0.6 2.3 0.2
Total Assets 4,112.7 3,713.5 3,880.9 3,488.5 2,624.6 2,023.5 2,068.7 1,839.9 1,642.6 1,411.1 1,260.1 1,159.5 223.1 220.9 218.8 216.8 207.3 0.6
Total Debt 78.7 76.5 77.5 112.8 113.0 13.7 15.4 22.6 22.7 18.5 13.1 12.4 5.2 5.2 5.2 5.2 5 0.3
Stockholders' Equity 1,043.5 1,018.1 1,016.3 998.9 751.6 (2,255.0) (2,256.2) 597.7 596.5 600.9 (1,762.8) (1,107.8) 210.1 207.9 205.9 204.0 194.4 (0.0)
Cash Flow
Operating Cash Flow 0 0 0 0 0 0 38.4 84.1 70.1 (7.5) 58.7 168.3 131.5 112.1 (1.0) (0.1) (0.0)
Capital Expenditure 0 0 0 0 0 0 (0.5) (1.0) (0.3) (0.7) (1.1) (1.9) (0.4) (1.0) 0.0 (0.0) 0.0
Free Cash Flow 0 0 0 0 0 0 38.0 83.2 69.8 (8.2) 57.6 166.4 131.0 111.1 (1.0) (0.1) (0.0)