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Webull Corp

Webull Corp

BULL
$7.23USD↓-3.86%-0.29 today

MARKET CAP

3.8B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$7 – $7

52W RANGE

$5
$18

AI Summary

Stalk
StalkMedium

The long-term downtrend remains intact under the declining 200 DMA, while the Stage 2 advance with clear higher highs and higher lows supports a medium-term bullish bias. An active Bullish Exhaustion pattern at recent highs signals pullback risk, and price is currently pulling back into the rising 9 EMA/21 EMA confluence without breakdown. Our Speculative strategy favors deferred entries into well-defined pullbacks, so we will stalk for a clear acceptance around the EMAs before engaging.

  • ↑Q1 2026 revenue $159.9 M, up 36% YoY, driven by trading volume and new clients
  • ↑Customer assets reached $24 B (+90% YoY) with 98.4% retention and 800 K new users
  • ↓Adjusted operating expenses rose 64% YoY, limiting short-term margin expansion
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Webull Corporation (NASDAQ: BULL) operates as a leading digital investment platform, focusing on innovative trading solutions across multiple asset classes, including equities, options, futures, and cryptocurrencies. Positioned at the forefront of a transformative shift in financial services, Webull integrates AI capabilities to enhance usability and expand its competitive edge, particularly targeting active traders. With a commitment to building a customer-centric platform, the company aims to capture a substantial share of the growing retail trading market.

Bull says

  • ↑Q1 2026 revenue $159.9 M, up 36% YoY, driven by trading volume and new clients
  • ↑Customer assets reached $24 B (+90% YoY) with 98.4% retention and 800 K new users
  • ↑Reintroduced crypto trading could lift transaction activity ~20% post-PDT rule removal
  • ↑Expanded into 22 new EEA markets, targeting higher AUM and revenue abroad
  • ↑Vega AI assistant logged tens of millions of engagements, boosting user stickiness
  • ↑Positive earnings revisions and strong liquidity signal stability in a rising-rate environment

Bear says

  • ↓Adjusted operating expenses rose 64% YoY, limiting short-term margin expansion
  • ↓High marketing spend constrains margins, with op profit margin at 9.3%
  • ↓Revenue falls when market volatility drops, risking volume and fee income
  • ↓Elevated leverage risk; earnings yield remains negative, signaling low return expectations
  • ↓Regulatory uncertainty for crypto trading and rising competition may hinder growth
  • ↓High short interest reflects skepticism on sustaining growth momentum

Investment themes with BULL

FinTech Lending↓ -0.02%

Financial technology companies providing loans

SOFI · COIN · FIS

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 05-21-2026bullish

Transcript signals

Bull points

  • This was Webull's best quarter ever in terms of revenues as we continue to focus on our core growth drivers, namely new product delivery, the addition of new asset classes, and geographic expansion.
  • There's real energy behind what's coming next, and our team is hyper-focused on delivering on the product roadmap we have shared.
  • I'm very happy with our trajectory and want to thank the Webull team for the hard work and innovation mindset they bring to work every day.

Bear points

  • Operating expenses increased both sequentially and year-over-year. The primary drivers were higher activity on the platform, including brokerage and transaction costs, as well as payment fees on customer deposits made through a debit card, a new feature we introduced in the second quarter. We also stepped up our marketing spend during this period.
Read full transcript analysis ›