Webull (NASDAQ:BULL) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Webull (NASDAQ:BULL) posted its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.01 by $0.11, FiscalAI reports. Webull had a negative net margin of 1.64% and a positive return on equity of 2.44%. The business had revenue of $198.83 million during the quarter. Webull’s revenue for the quarter was up 51.2% compared to the same quarter last year.

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

• Record Q2 results included revenue of $198.8 million, up 51% year over year, and adjusted operating profit of $62.6 million, up 169%, as revenue growth outpaced expense growth.
• The elimination of the Pattern Day Trader rule on June 4 drove substantial activity, with equity notional volume up 73% year over year and options volume up 68%; management said July and August activity remained broadly sustainable.
• Customer assets rose 79% year over year to $28.5 billion, supported by $1.6 billion of quarterly net deposits, while international funded accounts reached approximately 810,000 and APAC assets exceeded $5 billion.
• Webull reported continued momentum in AI and newer products, including 480,000 active Vega users, natural-language trading and research through its MCP server, and prediction-market revenue estimated at $5 million to $6 million per quarter.
• Management expects marketing expenses to remain near first-half levels for the rest of 2026 as prior promotional costs roll off, while the institutional business has taken longer than expected to develop and U.S. clearing activity is not anticipated soon.

Webull Stock Performance

Shares of BULL stock opened at $8.64 on Thursday. The company has a market cap of $4.59 billion, a P/E ratio of -7.45 and a beta of 0.53. The business has a 50 day moving average of $7.31 and a two-hundred day moving average of $6.50. Webull has a 52 week low of $4.50 and a 52 week high of $16.04. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings cut shares of Webull from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 price target on shares of Webull in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Key Webull News

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Record revenue and a swing to profitability: Webull reported second-quarter revenue of approximately $198.8 million, up 51.2% year over year, while net income reached $24.4 million versus a $28.3 million loss in the prior-year quarter. Earnings also surpassed consensus estimates, supporting the view that operating momentum is improving. Webull Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Trading activity accelerated: Trading-related revenue increased 66%, equity notional volume rose 73%, options volume climbed 68% to 213 million, and daily average revenue trades increased 62% to 1.6 million. Management attributed part of the improvement to the elimination of the Pattern Day Trader rule, which appears to have boosted customer engagement. Webull Delivers Record Q2 2026 Results
• Positive Sentiment: Customer growth and capital returns provided additional support: Customer assets increased 79% to $28.5 billion, funded accounts reached 5.13 million, and Webull repurchased and canceled approximately 1.82 million shares during the quarter. Unusually heavy call-option activity also signaled bullish short-term positioning. Webull surges after record Q2 revenue and profit swing
• Positive Sentiment: Analyst support: Rosenblatt Securities reaffirmed a “Buy” rating and assigned a $13 price target, implying substantial upside from the level cited in the report. Webull Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Institutional activity was mixed, with some large investors increasing positions while others reduced or eliminated holdings, limiting the signal from fund flows.
• Negative Sentiment: An executive reportedly sold 75,000 shares during the past six months. Although this is small relative to the broader earnings-driven catalyst, insider selling could temper bullish sentiment.

Institutional Investors Weigh In On Webull

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new stake in shares of Webull in the third quarter valued at approximately $26,000. Osaic Holdings Inc. acquired a new position in shares of Webull during the second quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Webull during the fourth quarter valued at $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Webull during the second quarter valued at about $69,000. Finally, Quantbot Technologies LP bought a new stake in shares of Webull during the second quarter valued at about $71,000. 92.48% of the stock is currently owned by institutional investors.

About Webull

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.