Webull Achieves 55% Revenue Growth in Q3 2025 Amid Market Recovery

Overview of Webull's Q3 2025 Financial Performance

Webull Corporation, trading under the NASDAQ symbol BULL, has recently published its financial results for the third quarter of 2025, showcasing impressive growth metrics that highlight the company's robust market performance.

Revenue and Growth Metrics

The total revenues for Webull surged by an astonishing 55% year-over-year, totaling $156.9 million. This growth trajectory can largely be attributed to heightened user engagement coupled with significant trading volumes. The trading-related revenue alone soared by 64% compared to the same period last year, solidifying Webull's positioning as a leader within the digital investment platform sector.

Alongside revenue growth, customer assets also marked a significant rise, increasing by 84%, achieving an all-time high of $21.2 billion. This astonishing growth in customer assets can be directly linked to the market's recovery and continued strong net deposits, which rose by 31% within the same timeframe.

Profitability and Operational Expenses

Despite the rapid growth, Webull managed its expenses effectively. Total operating expenses rose to $132.5 million, an 18% increase year-over-year, primarily driven by rising brokerage costs and transaction fees due to expanding trading volumes. Interestingly, while expenses increased, the company reported an adjusted operating profit of $36.7 million for the quarter, representing a significant $42.1 million improvement compared to the previous year. This reflected a favorable operating margin expansion of 28.7%.

Additionally, net income attributable to Webull increased dramatically from a year-over-year loss of $33.5 million to a profit of $21.7 million. Adjusted net income similarly shifted from a loss to a positive figure of $32.9 million, showcasing the operational efficiency and strong market strategy of Webull.

User Engagement and Expansion Initiatives

As the user base continues to grow, Webull achieved a notable increase in its funded accounts, which rose to approximately 4.93 million, reflecting a 9% growth year-over-year. Furthermore, the total number of registered users hit 25.9 million, marking a significant 17% increase compared to the same quarter last year.

An important area of focus has been the expansion of product offerings and geographical reach. Recently, Webull relaunched cryptocurrency trading, significantly boosting its appeal within the digital assets space. Users now have access to trade cryptocurrencies alongside a multitude of investment options within the Webull app. The company's expansion efforts also included the launch of brokerage services in the European Union, specifically in the Netherlands, enabling European retail investors to access U.S. equities among other financial products.

Webull's innovative approach was further exemplified by its launch of Vega AI, a cutting-edge tool that provides personalized market insights and decision-making support for investors, marking a significant leap in technology integration within the platform.

Future Outlook

Looking forward, Webull is committed to maintaining its growth trajectory while ensuring sustainable shareholder value. With continued investments into high-growth areas such as AI and product innovation, as well as geographic expansions, Webull appears well-positioned to navigate the competitive landscape of the digital investment sector. The combination of solid financial performance and strategic innovations positions the company to capitalize on emerging market opportunities and enhance its overall user experience.

In summary, Webull's third quarter results for 2025 affirm its strong market presence and commitment to growth through innovation and operational excellence. As the company continues to expand its offerings and leverage technology, it remains a key player to watch in the evolving landscape of digital investments.