🔹 Revenue: $131.5M; UP +46% YoY
🔹 EPS: -$1.20 (vs -$0.16 LY)
🔹 Trading-Related Revenue: UP +63% YoY
🔹 Customer Assets: $15.9B; UP +64% YoY (all-time high)
🔹 Funded Accounts: 4.73M; UP +9% YoY
🔹 Registered Users: 24.9M; UP +18% YoY
🔹 Options Volume: $127M; UP +8% YoY
🔹 Equity Notional Volume: $161B; UP +58% YoY
🔹 Operating Cash Flow Positive for 3rd Straight Quarter
Other Metrics:
🔹 Adj Net Income: $15.4M; swung from -$1.5M LY
🔹 Adj Operating Profit: $23.3M; UP +18% YoY
🔹 $200M+ raised from warrant exercises post-SPAC merger
🔹 $1B standby equity facility in place; $142.8M raised under agreement (as of Aug 28, 2025)
Strategic & Product Updates:
🔹 Relaunched crypto trading (Brazil in June; U.S. in July)
🔹 Expanded prediction markets via Kalshi partnership (crypto hourly & Fed events trading)
🔹 Launched Latin America Webull App (Brazil + Mexico consolidation)
🔹 Integrated Webull Pay back into core app
🔹 Actively exploring new digital asset licenses in multiple markets
CEO / CFO Commentary:
🔸 “We delivered strong results in our first quarter as a public company, with three straight quarters of operating profitability and assets at an all-time high.” — CEO Anthony Denier
🔸 “We’re a prime beneficiary of growing demand from self-directed traders for a sophisticated all-in-one platform like Webull.” — CFO H.C. Wang
