Webull's Q2 Revenue Surges 46% to $131.5M as $190M Trading Volume Ranks 493rd

On August 28, 2025, Webull (NASDAQ: BULL) closed at $14.44, reflecting a 1.59% increase. Trading volume surged to $190 million, a 63.25% jump from the prior day, ranking 493rd in market activity. The stock’s performance aligns with its Q2 2025 financial results, which highlighted a 46% year-over-year revenue increase to $131.5 million, driven by robust user engagement and trading activity. Customer assets reached an all-time high of $15.9 billion, up 64% YoY, fueled by market recovery and strong net deposits of $1.5 billion during the quarter.

Webull’s strategic initiatives included re-entering the cryptocurrency market in Brazil and expanding its Latin American footprint through the consolidation of platforms in Mexico and Brazil. The company also launched crypto trading for U.S. users and integrated Webull Pay into its ecosystem, enabling seamless access to digital assets. Additionally, Webull secured a $1 billion standby equity purchase agreement, raising $142.8 million under the facility as of August 28, 2025, to support capital flexibility.

Operating expenses rose 37% YoY to $135.2 million, primarily due to $18.5 million in share-based compensation costs. Despite a net loss of $28.3 million for the quarter, adjusted operating profit improved to $23.3 million, a 18 percentage-point increase in margin compared to the prior year. The company attributed its profitability to disciplined expense management and accelerated revenue growth outpacing cost increases.

Webull’s user base expanded to 24.9 million registered users, an 18% YoY rise, while funded accounts grew 9% to 4.73 million. Trading volumes, including a 58% YoY surge in equity notional volume to $161 billion, underscored the platform’s appeal to retail investors. Strategic partnerships, such as expanded offerings with Kalshi for prediction markets, further diversified its product suite.

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