Webull Corporation Reports Strong Financial Results for Q1 2025 with Significant Growth in Trading Activity

Webull Corporation Reports Q1 2025 Financial Results

Webull Corporation (NASDAQ: BULL) recently released its financial outcomes for the first quarter of 2025, showcasing substantial growth and a strong market position. For the quarter ending on March 31, 2025, total revenues surged by an impressive 32% year-over-year, amounting to $117.4 million. This remarkable growth is primarily attributed to a robust increase in account activity and trading volume as more investors turned to Webull's platform.

Anthony Denier, the Group President and U.S. CEO of Webull, expressed pride in the company's performance, emphasizing the ongoing demand for their innovative trading platform. Denier stated, "We believe our results underscore our compelling value proposition, innovative platform, and a focus on global distribution tailored to meet the needs of sophisticated retail investors." He highlighted plans for enhancing product offerings and expanding access to a broader customer base.

In a notable reflection of the firm’s expanding influence, customer assets escalated by 45%, reaching $12.6 billion as a result of significant net deposit inflows of 66% year-over-year. Furthermore, registered users increased by 17% to a total of 24.1 million. The rise in customer engagement also led to a 15% increase in equities notional volume, which hit $128 billion.

The company’s financial highlights for the first quarter further emphasize its strong operational execution. The trading-related revenue saw a remarkable 52% year-over-year growth, and adjusted operating profit was reported at $28.7 million, marking a dramatic improvement from the previous year's loss, showcasing a 22 percentage point leap in operating margin to 24.4%.

Key developments during the quarter included a partnership with Kalshi, offering users the capability to trade binary event contracts, and the introduction of Webull Premium. This subscription service, which aims to deliver an elevated investing experience, attracted approximately 40,000 users and managed nearly $2 billion in customer assets by mid-May 2025.

Additionally, Webull has significantly upgraded its advisory platform by teaming up with BlackRock to provide model portfolios and intelligent wealth management tools designed for U.S.-based customers.

Throughout Q1, Webull effectively managed total operating expenses, which slightly decreased by 2% compared to the previous year, settling at $96.8 million. Notably, the income before income taxes climbed to $19.5 million, a substantial increase from a loss of $9.8 million a year ago, thus demonstrating the effectiveness of their operational strategies.

Looking ahead, Webull’s leadership remains focused on enhancing customer experience and broadening their product lineup. H.C. Wang, the Group CFO, noted, "Our strategy execution continues to gain momentum, driving impressive revenue growth alongside significant improvements on the bottom line."

With ongoing enhancements and new partnerships, Webull aims to solidify its position within the competitive landscape of investment platforms and cater to the evolving needs of retail investors globally. As investors navigate through 2025, companies like Webull are expected to play an increasingly pivotal role in shaping the future of online trading and investment strategies.