Webull Corporation (BULL) AI Stock Analysis

• Market Cap: $4.68B
• Dividend Yield: N/A
• Average Volume (3M): 18.62M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 1,194
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.07
• Shares Outstanding: 417,957,820
• 10 Day Avg. Volume: 20,926,007
• 30 Day Avg. Volume: 18,618,310
• PEG Ratio: -4.33
• Price to Book (P/B): 8.90
• Price to Sales (P/S): 13.81
• P/FCF Ratio: 29.48
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 12.17
• Enterprise Value/Gross Profit: 15.59
• Enterprise Value/Ebitda: 204.39
• 1Y Price Target: $16.50
• Price Target Upside: 79.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.16
• Revenue Forecast (FY): $520.20M

• Rating: 52 Neutral
• Price Target: $9.50 ▲(3.26% Upside)

Webull Corporation's overall stock score is primarily influenced by its strong earnings call performance, which highlights significant revenue growth and strategic expansion. However, financial performance and valuation concerns, including negative equity and a negative P/E ratio, weigh heavily on the score. Technical analysis presents a mixed picture, with bearish trends offset by some neutral indicators.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust market demand and effective business strategies, enhancing long-term financial stability and market positioning.

Geographic and Product Expansion

Expanding geographically and diversifying products strengthens Webull's market presence and potential for sustained growth in new regions.

Introduction of AI Tool Vega

AI tool Vega enhances user engagement and decision-making, potentially increasing user retention and attracting new customers, supporting long-term growth.

Negative Factors

High Leverage

High leverage and negative equity suggest financial instability, which can limit growth opportunities and increase vulnerability to economic downturns.

Declining Profitability

Declining profitability undermines financial health, reducing the ability to reinvest in growth and potentially affecting long-term sustainability.

Increased Operating Expenses

Rising operating expenses can erode profit margins, impacting financial performance and limiting resources for strategic investments.

Webull Corporation Business Overview & Revenue Model

Company Description

Webull Corporation operates as a digital investment platform. The company offers trading services, wealth management product distribution, market data and information, user community, and investor education.​

How the Company Makes Money

Webull generates revenue primarily through several key streams. First, the company earns income from payment for order flow, where it receives compensation from market makers for directing orders through their platforms. This practice allows Webull to offer commission-free trades while still generating revenue. Second, the company charges interest on margin trading, where customers borrow funds to trade larger positions than their account balance allows. Additionally, Webull offers premium subscription services that provide users with enhanced features and tools for advanced trading, further diversifying its revenue. The firm also engages in partnerships with financial institutions and data providers, which can contribute additional revenue through collaborative services and data analytics. Overall, Webull's business model leverages the growth of retail trading and the increasing demand for accessible financial services.

Webull Corporation Financial Statement Overview

Summary

Webull Corporation faces significant financial challenges. The income statement shows declining profitability, with a shift from positive net income to a significant loss. The balance sheet reveals high leverage and negative equity, indicating financial instability. Although cash flow remains positive, inconsistencies suggest potential liquidity issues.

Income Statement

The income statement reveals a concerning trend with declining profitability. Despite stable revenue over three years, the company experienced a shift from positive net income in 2022 to a significant loss in 2024. Gross profit margins remain decent, but negative EBIT and EBITDA margins in 2024 highlight operational inefficiencies.

Balance Sheet

The balance sheet shows high financial risk with negative stockholders' equity, indicating insolvency. The debt-to-equity ratio is not calculable but suggests a highly leveraged position. The equity ratio is negative, reflecting the company's financial distress and potential risks.

Cash Flow

Cash flow analysis indicates fluctuating operational cash flows with a decline from a strong position in 2023 to a lower value in 2024. The free cash flow remains positive, but the operating cash flow to net income ratio shows inconsistency, pointing to potential cash management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	458.45M	390.23M	389.60M	388.33M	0.00
Gross Profit	357.99M	310.92M	323.18M	328.57M	0.00
EBITDA	27.31M	-5.26M	27.66M	72.06M	372.14K
Net Income	-13.88M	-22.69M	6.07M	50.08M	-33.83K
Balance Sheet
Total Assets	2.62B	2.07B	1.26B	1.09B	31.98K
Cash, Cash Equivalents and Short-Term Investments	604.14M	378.98M	417.87M	436.71M	0.00
Total Debt	112.99M	15.41M	13.07M	17.38M	0.00
Total Liabilities	1.87B	1.46B	695.88M	578.18M	40.82K
Stockholders Equity	751.56M	605.50M	563.60M	513.50M	-8.83K
Cash Flow
Free Cash Flow	121.14M	182.80M	466.05M	-62.76M	8.83K
Operating Cash Flow	122.58M	185.22M	470.60M	-31.21M	8.83K
Investing Cash Flow	-1.44M	-2.41M	-10.04M	-32.43M	0.00
Financing Cash Flow	291.00	40.35M	12.84M	17.89M	0.00

Webull Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BULL, the sentiment is Negative. The current price of 9.2 is above the 20-day moving average (MA) of 9.12, below the 50-day MA of 11.19, and below the 200-day MA of 13.32, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 89.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BULL.

Webull Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IBKR	75 Outperform	$28.96B	31.32	19.82%	0.48%	11.88%	28.96%
SOFI	71 Outperform	$35.01B	52.64	8.59%	―	22.40%	215.81%
FUTU	70 Outperform	$23.76B	19.08	30.24%	―	81.43%	119.47%
SCHW	68 Neutral	$164.70B	21.74	17.05%	1.16%	5.90%	66.60%
HOOD	68 Neutral	$115.54B	53.34	27.82%	―	73.48%	315.24%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BULL	52 Neutral	$4.68B	―	―	―	―	―

Webull Corporation Corporate Events

Webull Corporation Reports Strong Q3 2025 Financial Results with Significant Revenue Growth

On November 20, 2025, Webull Corporation reported its financial results for the third quarter ending September 30, 2025, showcasing a 55% year-over-year revenue growth to $156.9 million, driven by increased user engagement and trading volumes. The company achieved record customer assets of $21.2 billion, reflecting an 84% increase due to market recovery and strong net deposits. Webull’s strategic focus on technological innovation and geographic expansion, including the relaunch of cryptocurrency trading and the introduction of new AI tools, has bolstered its market position and profitability. The company’s efforts in expanding its product offerings and global reach are expected to create long-term shareholder value.