Growth & profitability
- Revenue has grown 13.7% per year over the past 3 years.
- Net income has grown slower than revenue (-20.9% vs 13.7% per year).
BULL Financials Webull Corp
4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $571M | $25M | 0.0% | 0.0% | $562M | — | $653M |
| 2024 | $390M | -$23M | 0.0% | 0.0% | $183M | — | $271M |
| 2023 | $390M | $6M | 0.0% | 0.0% | $466M | — | $372M |
| 2022 | $388M | $50M | 0.0% | 0.0% | -$63M | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Jun '25 | $131M | -$28M | 0.0% | 0.0% | — | — | $477M |
| Mar '25 | — | $13M | — | — | — | — | — |
| Jun '24 | $90M | -$12M | 0.0% | 0.0% | — | — | — |
| Mar '24 | — | -$12M | — | — | — | — | — |
Valuation over time
How the market has priced BULL against its own fundamentals since 2025-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 124.4× (Dec '25) to 104.3× (Jun '26).
- The price-to-sales ratio has fallen from 14.2× (Apr '25) to 4.5× (Jun '26).
P/E
P/S
Frequently asked questions
Is BULL growing its revenue and profit?
Over the past 3 years, Webull Corp's revenue has grown 13.7% per year, and net income declined 20.9% per year. These are computed facts, not advice.
How much debt does BULL have?
As of FY2025, Webull Corp reported — of total debt against $653M of cash.
What is BULL's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 4.3%.
What is BULL's P/E ratio?
As of Jun '26, Webull Corp traded at a price-to-earnings ratio of about 104.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.