Webull Corporation Reports Impressive Financial Growth for Q2 2025

Webull Corporation Reports Strong Q2 2025 Financial Results

Overview
On August 28, 2025, Webull Corporation (NASDAQ: BULL) announced its impressive financial performance for the second quarter of 2025, which ended on June 30, 2025. The results reflect a robust growth trajectory, fueled by increased user engagement and trading activity against a backdrop of market recovery.

Financial Highlights
Webull's total revenues surged by 46% year-over-year, reaching $131.5 million. This uptick was primarily driven by a 63% increase in trading-related revenues. The company’s focus on disciplined expense management and vigorous growth strategies paved the way for three consecutive quarters of operating profitability.

Group President and U.S. CEO Anthony Denier remarked, “We delivered strong business results in our first quarter as a public company, managing to achieve operating profitability while customer assets reached an all-time high.” According to Denier, the environment surrounding retail self-directed trading has improved significantly, particularly post-COVID-19 pandemic, highlighting a more discerning regulatory framework that has reinforced Webull's commitment to innovation.

Customer Assets and User Engagement
Webull's customer assets notched an all-time high of $15.9 billion, reflecting a staggering 64% year-over-year growth, largely propelled by robust market recovery and an influx of net deposits, which grew by 37%. The platform also witnessed an increase in funded accounts to 4.73 million, marking a 9% rise from the previous year, and registered users expanded 18% to reach 24.9 million.

Operational Performance
While total operating expenses increased by 37% year-over-year largely due to share-based compensation, adjusted operating expenses rose only by 20% to $108.2 million. Adjusted operating profit saw an impressive jump as well, totaling $23.3 million for the quarter - an increase of 18% from the previous year.

Moreover, Webull reported that its options contract volume grew by 8% to $127 million, while equity notional volume experienced a remarkable 58% increase to $161 billion.

Strategic Developments
In addition to its financial growth, Webull raised over $200 million through the exercise and redemption of BULLZ incentive warrants as part of its business combination with SK Growth Opportunities Corporation. In a significant move to consolidate its offerings in Latin America, Webull launched the Latin America Webull App, integrating customer experiences from Brazil and Mexico, creating a smooth platform for future expansions.

In June, Webull made its return to the crypto market by launching crypto trading in Brazil. Further, a partnership with Kalshi expanded trading options for users, adding cryptocurrency hourly contracts and Fed events trading.

Future Outlook
Looking ahead, Webull is poised for further growth. Following the close of the second quarter, the company announced the return of cryptocurrency trading for U.S. customers, alongside the consolidation of Webull Pay back into its Group. With ongoing efforts to explore digital asset licenses across various markets, Webull remains committed to providing comprehensive trading solutions.

Conclusion
The results from Q2 2025 clearly indicate Webull's strategic positioning in the investment platform landscape. The impressive financial growth coupled with enhanced user engagement demonstrates the company's robust operational execution and commitment to innovation, setting a solid foundation for future growth amid evolving market dynamics.