Webull Corporation Reports Increased Losses in Q2
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Source: NASDAQ.COM
Company Performance: Webull Corporation reported a significant loss of -$518.9 million for the second quarter, translating to -$1.20 per share.
Year-over-Year Comparison: This loss is a stark increase from last year's loss of -$22.7 million, or -$0.16 per share.
Revenue Growth: Despite the losses, Webull's revenue increased by 46.3%, reaching $131.5 million compared to $89.9 million in the previous year.
Earnings Summary: Key earnings figures include -$518.9 million in earnings, -$1.20 EPS, and $131.5 million in revenue for the current period.
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Analyst Views on BULL
Wall Street analysts forecast BULL stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 6.730
Low
15.00
Averages
16.50
High
18.00
Current: 6.730
Low
15.00
Averages
16.50
High
18.00
About BULL
Webull Corporation is a digital investment platform built upon a next-generation global infrastructure. The Company’s platform allows its customers to invest in United States (U.S.) listed stocks, exchange-traded funds (ETFs), as well as American Depository Receipts. It offers fractional share trading for U.S.-listed stocks and ETFs on its Webull App, which allows its customers to invest in fractions of a share of a stock or ETF instead of buying or selling whole shares. It also offers trading in multiple-listed stock options, ETFs, and index options. It offers cash sweep products to its customers, allowing them to earn interest on uninvested brokerage cash that the Company sweeps to its partner banks. It provides robo-advisor services through Webull Advisors LLC. It also provides retirement investment accounts and portfolio management tools for long-term investors. It offers seamless interoperability for clients investing through mobile, tablet, Web-based, and desktop devices.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Price Surge: Webull's shares soared by as much as 14% today, reaching $6.12 per share with a market cap of $2.9 billion, reflecting strong market confidence in its future performance.
- Active Options Trading: Day traders engaged in call options trading at three times the usual volume, particularly for short-dated calls at $6 and $6.50 strike prices, indicating bullish sentiment regarding the stock's continued rise.
- Regulatory Policy Impact: FINRA's new intraday margin rules, effective June 4, eliminated the $25,000 minimum equity requirement for day trading, which is expected to increase Webull's daily transaction volume by at least 20%, further driving revenue growth.
- Positive Market Reaction: Although the surge in options activity was not directly caused by the new rules, traders' reactions have placed Webull in the spotlight among active traders, potentially boosting future trading activity and revenue growth.
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- Mutual Fund Launch: Webull is introducing mutual funds for U.S. users' IRAs, aiming to provide investors with more professional investment options and enhance the diversity of its long-term investing and retirement solutions.
- Phased Rollout Plan: Currently, the service is available to select U.S. customers, with a full rollout to all IRA accounts expected shortly, thereby expanding its user base and market reach.
- Portfolio Diversification: IRA customers can access professionally managed mutual funds directly within the Webull platform, allowing for diversified portfolios that cater to various investor needs.
- Retirement Investment Support: The newly launched mutual funds will support investors in contributing to retirement accounts, rolling over retirement assets, and better planning for long-term financial goals.
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- Product Expansion: On June 5, 2026, Webull announced the launch of mutual funds for IRA accounts, aiming to provide U.S. users with more long-term investing and retirement solutions, thereby enriching its investment product offerings.
- Portfolio Diversification: The newly launched mutual funds allow IRA customers to access professionally managed investment products directly within the Webull platform, helping investors build more diversified portfolios to meet various financial goals.
- Streamlined Investment Experience: According to Lindsay Ryan, Head of U.S. Products, this expansion will enable investors to more easily manage their retirement savings through a single platform, simplifying long-term financial planning and enhancing customer experience.
- Future Development: Currently, mutual funds are in beta testing for select U.S. customers, with a full rollout expected soon, and the fund lineup will continue to expand with new funds and CUSIPs to provide a broader range of investment options.
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- Product Expansion: On June 5, 2026, Webull announced the launch of mutual funds for IRA accounts, further enriching its suite of long-term investing and retirement solutions aimed at meeting diverse investment needs of U.S. users and enhancing customer investment experience.
- Portfolio Diversification: The newly launched mutual funds allow IRA customers to access professionally managed portfolios directly within the Webull platform, helping investors easily diversify their portfolios and thereby enhancing their ability to achieve long-term financial goals.
- No-Load Mutual Funds: The offering includes no-load mutual fund options designed to provide greater flexibility for retirement investors, supporting them in holding mutual fund positions within their retirement accounts and improving investment flexibility.
- Future Development: The mutual funds are currently in beta testing for select U.S. customers, with a full rollout to all IRA accounts expected soon, and the fund lineup will continue to expand to meet investors' demand for diversified investment options.
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- PDT Rule Change Impact: The cancellation of the Pattern Day Trader (PDT) rule on Thursday allows investors using margin accounts to avoid maintaining a minimum of $25,000 in equity, which is expected to boost retail trading activity, with Webull anticipating at least a 20% increase in transaction volume over time.
- SpaceX IPO Catalyst: The upcoming IPO of SpaceX has generated significant interest in brokerage firms like Robinhood, SoFi, and E*Trade, which are expected to offer eligible retail investors access to shares, as historically high-profile IPOs tend to attract new customers and increase trading activity.
- Robinhood Market Performance: Despite HOOD's stock dropping over 6% this week, Robinhood is actively promoting the PDT rule change by removing PDT flags from customer accounts, allowing users to trade without day-trading limits, which could potentially draw in more participants.
- Retail Sentiment Analysis: On Stocktwits, retail sentiment for HOOD and SOFI is deemed 'bullish', while BULL is in 'bearish' territory, indicating market optimism regarding HOOD's potential in the upcoming SpaceX IPO.
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- PDT Rule Change: The long-standing PDT rules will end on Thursday, removing the $25,000 minimum equity requirement that has restricted many retail day traders, potentially leading to a significant increase in trading activity and driving growth in brokerage stocks.
- Webull's Positioning: According to Koyfin consensus estimates, Webull offers the largest potential upside among the three brokerages, with a target price of $12 implying a 93% upside, and the company expects transaction activity to increase by at least 20% following the removal of PDT restrictions.
- Robinhood's Strategy: Robinhood is actively preparing for the rule change by planning to wipe all PDT flags from customer accounts and encouraging account transfers with an uncapped 1% transfer bonus, aiming to attract more customers and enhance its market share.
- SoFi's Innovative Move: SoFi has launched the AI financial assistant SoFi Coach to enhance its financial services ecosystem, helping users manage financial decisions and thereby increasing user engagement and attracting more investors to its platform.
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