Webull Q2 Earnings: Trading Revenue Up 63%, Customer Assets Hit All-Time High.

Webull Corp reported Q2 revenue of $131.5 million, up 46% YoY, with trading revenue up 63% YoY. Customer assets reached an all-time high of $15.9 billion, up 64% YoY. The company ended the quarter with 4.73 million funded accounts, up 9% YoY, and total registered users hit 24.9 million, up 18% YoY.

Title: Webull Corp Reports Strong Q2 2025 Financial Results

Webull Corp (NASDAQ: BULL) reported robust financial results for the second quarter of 2025, showcasing significant growth and profitability improvements. The company's revenue surged 46% year-over-year (YoY) to $131.5 million, while trading revenue increased by 63% YoY to $88.8 million. Customer assets reached an all-time high of $15.9 billion, up 64% YoY, driven by a 37% increase in net deposits.

Key operational metrics also demonstrated solid growth. Funded accounts increased 9% YoY to 4.73 million, and registered users grew 18% YoY to 24.9 million. Trading volumes were particularly strong, with equity notional volume up 58% YoY to $161 billion and options contracts volume increasing 8% YoY to 127 million contracts.

Despite these gains, Webull reported a net loss of $28.3 million, primarily due to equity offering costs and accounting adjustments related to its business combination. However, adjusted figures paint a clearer picture of operational performance, with adjusted net income of $15.4 million, representing a $16.9 million improvement YoY.

The company's capital position strengthened considerably, with over $200 million raised from warrant exercises and a $1 billion standby equity purchase agreement, of which $142.8 million has already been raised. This robust capital position enables Webull to fund its ambitious expansion strategy, including the recent re-entry into cryptocurrency trading and geographic expansion in Latin America.

Expense management remains disciplined, with adjusted operating expenses growing at 20% YoY, less than half the rate of revenue growth, demonstrating operational leverage. The continued expansion of funded accounts and registered users indicates strong customer acquisition despite an increasingly competitive landscape.

Webull's Q2 2025 results demonstrate remarkable momentum, positioning the company well for future growth initiatives. The company's strategic focus on expanding product offerings, entering new asset classes, and growing its global footprint is expected to drive continued success.

References:
[1] https://www.investing.com/news/company-news/webull-q2-2025-slides-revenue-jumps-46-achieves-third-profitable-quarter-93CH-4215463
[2] https://www.stocktitan.net/news/BULL/webull-reports-second-quarter-2025-financial-0bwr5ge72iyq.html