Webull Q2 Revenue Jumps 51% to $198.8M, Beating Estimates
BULL has more than doubled off its 52-week low of $4.5 on elevated volume (3.0× avg).
Summary
Webull delivered a strong Q2: revenue up 51% YoY to $198.8M, beating the $181.5M consensus, and adjusted operating profit more than doubled to $62.6M. The beat was driven by record trading volumes after the Pattern Day Trader Rule elimination, plus 79% growth in customer assets. The company also repurchased and cancelled 1.82M shares during the quarter, signaling confidence. No guidance was provided, which may temper enthusiasm, but the results and buyback are materially positive for a $4.6B market cap company. Watch for analyst revisions and any commentary on sustainability of trading volumes.
At the time of this announcement, BULL was trading at $9.61 on NASDAQ in the Finance sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $4.50 to $16.32. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.