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Operates a commission-light online trading app for stocks, options and crypto, popular with active retail traders.
Operates a commission-light online trading app for stocks, options and crypto, popular with active retail traders.
Does not charge commission on most trades; income comes instead from interest on margin loans and customer cash balances, payments from market makers that execute its customers' orders, and fees on some products. It serves customers in several countries beyond the US, and listed in 2025 through a merger with a special-purpose acquisition company.
In one line: A more trading-tools-focused Robinhood, with a bigger Asia-Pacific user base.
Moat: narrow (brand, switching costs, installed base). Advanced charting/trading tools attract active traders, but commoditized brokerage economics.
Headquarters: New York, New York, United States · Founded: 2017 · Employees: 1,396
Size Webull (BULL) is a United States Information Technology company (Investment Banks/Brokers) with a market value of $2.66B, the 1614th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.92 on 6 Nov 2026.
Performance Over six months the shares fell 30.0%, against +0.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 47.9% over the last twelve months (peer median +14.9%); the operating margin is 12.4% (peer median 7.4%).
Valuation It trades at 17.7× forward earnings against a peer median of 17.4× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -31 pp: the price already allows for a slowdown.
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $681M | $571M | $390M | $390M | $388M |
| Revenue growth | — | +46% | 0% | 0% | — |
| Gross profit | $527M | $439M | $301M | $316M | $324M |
| EBITDA | n/a | $61.7M | -$4.18M | $30.4M | $73.3M |
| Net income | $42.6M | $24.8M | -$22.7M | $6.07M | $50.1M |
| Free cash flow | n/a | $562M | $183M | $466M | -$62.8M |
| Capital expenditure | n/a | $4.89M | $2.41M | $4.54M | $31.6M |
| Total debt | $78.7M | $77.5M | $15.4M | $13.1M | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Webull BULL | $2.66B | -30% | +48% | 12% | 17.7× | -17.6% |
| Robinhood Markets HOOD | $72.9B | +5% | +22% | 44% | 29.7× | n/a |
| Interactive Brokers IBKR | $129B | -10% | +16% | 87% | 23.9× | n/a |
| Charles Schwab SCHW | $158B | +3% | +12% | 52% | 12.2× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BULL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.3% | -4.3% | 5th lowest of 21 |
| 6-month return | -30.0% | +0.7% | 5th lowest of 20 |
| Distance from 52-week high | -52.6% | -28.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +47.9% | +14.9% | 4th highest of 21 |
| Operating margin | 12.4% | 7.4% | 7th highest of 21 |
| Forward P/E | 17.7× | 17.4× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -17.6% | 20.5% | least demanding of 14 |
| Growth delivered (Del g) | +13.7% | +9.5% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -31.3 pp | +10.3 pp | least demanding of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Webull BULL | United States | $2.66B | -30% | +48% | 12% | 17.7× | -17.6% | +13.7% |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Ionic Digital IOND | United States | $2.68B | n/a | -8% | -44% | 28.0× | n/a | n/a |
| Ambarella AMBA | United States | $2.58B | -23% | +20% | -15% | 66.0× | n/a | n/a |
| Vertex VERX | United States | $2.77B | +14% | +11% | 1% | 17.4× | 57.9% | +14.8% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| IPG Photonics IPGP | United States | $2.78B | -38% | +15% | 5% | 32.8× | 24.8% | -3.5% |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Fastly FSLY | United States | $2.52B | -23% | +20% | -12% | 24.4× | 37.8% | +16.5% |
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| Youdao, Inc. Sponsored ADR DAO | United States | $2.50B | +59% | +10% | 4% | 59.4× | 33.6% | +17.6% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| SPS Commerce SPSC | United States | $2.90B | +45% | +7% | 17% | 15.3× | 7.3% | +19.2% |
| Blackbaud BLKB | United States | $2.43B | +44% | +2% | 21% | 9.4× | -1.6% | +4.3% |
| Asana ASAN | United States | $2.43B | +60% | +9% | -15% | 27.4× | 10.7% | +28.4% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| ePlus PLUS | United States | $2.40B | +2% | +15% | 7% | 16.1× | 4.3% | +9.5% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| nCino NCNO | United States | $2.40B | +28% | +9% | 9% | 15.8× | 23.9% | +23.8% |
| Teradata TDC | United States | $2.96B | +1% | +1% | 8% | 11.6× | -5.4% | -2.0% |