Webull (NASDAQ:BULL) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Webull (NASDAQ:BULL) posted its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04), Briefing.com reports. Webull’s revenue was up 49.8% on a year-over-year basis.

Here are the key takeaways from Webull’s conference call:

• Webull reported record 2025 results with $571 million in revenue (up 46% YoY), an improved adjusted operating profit margin of 19.3%, five consecutive profitable quarters, and $84 million in adjusted net income for the year.
• Customer metrics accelerated: $24.6 billion in customer assets (up 81% YoY), 5.03 million funded accounts, ~1 million registered users added in Q4, and $3.9 billion of net deposits in the quarter.
• Product and AI momentum — the Vega AI assistant now aids ~1.2 million users weekly, crypto was reintroduced via the Webull Pay acquisition, prediction markets traded 152 million contracts in Q4, and new product offerings (BlackRock model portfolios) and international licenses expanded the TAM.
• Adjusted operating expenses rose significantly (Q4 adjusted opex $143.6M, up 62% YoY) driven by intentional, performance-based marketing and branding spend that could pressure near‑term margins if customer growth slows.
• Management is prioritizing B2B and international expansion (early‑inning Meritz partnership and a growing pipeline) as a long‑term growth channel, but B2B revenue is nascent and timing remains uncertain.

Webull Price Performance

Shares of NASDAQ BULL opened at $6.07 on Thursday. The stock has a market cap of $3.05 billion, a P/E ratio of -5.42 and a beta of -0.04. The firm’s 50-day simple moving average is $7.16 and its 200 day simple moving average is $9.98. Webull has a fifty-two week low of $5.47 and a fifty-two week high of $79.56. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Key Stories Impacting Webull

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Company reported record full-year revenue of $571M and record net deposits of $8.6B (up ~91%), signaling healthy customer inflows and platform monetization potential. Webull Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Management highlighted robust revenue growth (Q4 revenue up ~49.8% y/y) and plans for global product expansion — supports the view that growth is intact. Webull Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Company aims to double premium subscribers and expand its B2B platform in 2026, leaning on AI to drive engagement — if successful, this could increase recurring revenue and margins over time. Webull aims to double premium subscribers and expand B2B platform in 2026 as AI drives platform growth
• Neutral Sentiment: Full Q4 earnings call transcript and slide deck are available for detail on guidance, margins and product roadmaps — investors can use these to judge medium-term profitability. Webull Corporation (BULL) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Company filed a correction to its press release (administrative) — no new operational detail was highlighted. /C O R R E C T I O N — Webull Corporation/
• Neutral Sentiment: Technical analysis notes (wedge pattern) suggest a possible rebound after the earnings reaction; these are short-term technical signals rather than fundamentals. Webull stock wedge pattern points to a rebound after Q4 earnings
• Negative Sentiment: Q4 EPS missed consensus — the company reported below-consensus earnings (reported as $0.01 EPS in some releases vs. ~$0.05 consensus; some providers showed $0.03), raising near-term profitability concerns despite strong revenue. Webull posted quarterly earnings results
• Negative Sentiment: Shares slipped in extended trading on the mixed report and EPS miss; market reaction reflects tension between growth metrics and short-term profitability pressures. Webull Stock Slips On Mixed Q4 Report: What To Know
• Negative Sentiment: Outlets noted the stock recently traded near its 52-week low before earnings, amplifying sensitivity to any earnings disappointment. Webull faces earnings test after stock plunges near 52-week low

Analysts Set New Price Targets

Several research firms have recently commented on BULL. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Webull in a research report on Friday, January 23rd. Wall Street Zen raised Webull from a “strong sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a report on Monday, December 29th. Finally, Zacks Research cut Webull from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Institutional Trading of Webull

A number of hedge funds and other institutional investors have recently made changes to their positions in BULL. State Street Corp boosted its holdings in shares of Webull by 23,123.1% in the fourth quarter. State Street Corp now owns 4,342,717 shares of the company’s stock valued at $33,743,000 after acquiring an additional 4,324,017 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Webull by 491.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock worth $20,789,000 after purchasing an additional 3,359,441 shares during the period. Geode Capital Management LLC boosted its stake in Webull by 938.5% during the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock valued at $28,230,000 after purchasing an additional 3,283,295 shares in the last quarter. Millennium Management LLC boosted its stake in Webull by 336.5% during the 4th quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock valued at $26,677,000 after purchasing an additional 2,646,701 shares in the last quarter. Finally, Marex Group plc increased its position in shares of Webull by 313.3% during the 4th quarter. Marex Group plc now owns 2,107,938 shares of the company’s stock valued at $16,379,000 after purchasing an additional 1,597,921 shares during the period. 92.48% of the stock is currently owned by institutional investors.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.