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Webull Webull Reports Second Quarter 2026 Financial Results Webull reports another strong quarter of growth , marked by record trading volumes , increased customer assets , and strong net deposits . Webull continues to invest in strategic priorities , including enhanced offerings for its active traders , international expansion , and building its institutional business . ST . PETERSBURG , Fla . , August 19 , 2026 / PRNewswire / - Webull Corporation ( NASDAQ : BULL ) ( " Webull ” or the " Company " ) today announced financial and operating results for the second quarter ended June 30 , 2026 . " I'm proud to report a record second quarter for Webull , highlighted by our successful implementation of updated active trader functionality following the June 4 elimination of the Pattern Day Trader Rule , " said Anthony Denier , Group President and U.S. CEO . " Webull's advanced technology platform enabled eligible customers to fully leverage the new trading environment from day one , contributing to record trading volumes and strong customer engagement . We also made significant progress in executing on our 2026 roadmap , including expanding our Al capabilities with the launch of Vega Analyst , extending our global footprint , and scaling our institutional business . We believe these investments are strengthening Webull's position as a leading platform for active traders seeking access to investment opportunities across global markets and asset classes . " " Q2 was the best quarter in Webull's history , with record revenue of $ 198.8 million , up 51 % year - over - year and 24 % sequentially , " said H.C. Wang , Chief Financial Officer of Webull . " Adjusted operating profit reached $ 62.6 million , representing a 31.5 % operating margin , while adjusted net income was $ 43.2 million . These results demonstrate the operating leverage inherent in our platform and the potential for further margin expansion . " Second Quarter Results Financial Results • Total revenues increased 51 % year - over - year to $ 198.8 million . • • • • • Trading - related revenue increased 66 % year - over - year to $ 147.7 million . Total operating expenses increased 13 % year - over - year , primarily driven by higher brokerage and transaction costs associated with rapid growth in trading volumes as well as product expansion , offset by lower share- based compensation expense . Adjusted operating expenses increased 26 % year - over - year to $ 136.2 million . Income before income taxes totaled $ 34.7 million for the quarter , compared to a loss before taxes of $ 21.4 million for the prior year comparative quarter . The increase of $ 56.1 million in income was primarily due to total revenues growing 51 % , which outpaced the 13 % increase in total operating expenses . Adjusted operating profit totaled $ 62.6 million for the quarter , compared to $ 23.3 million for the prior year comparative quarter . • Adjusted operating profit per share - basic and diluted was $ 0.12 , compared with a basic and diluted adjusted operating profit per share of $ 0.05 in the prior year comparative quarter . • Net income attributable to the Company was $ 24.4 million for the quarter , compared to a net loss of $ 28.3 million for the prior year comparative quarter . • • • Adjusted net income increased to $ 43.2 million for the quarter , compared to $ 15.4 million for the prior year comparative quarter . Net income per ordinary share - basic and diluted was $ 0.05 and $ 0.04 per share , respectively , compared to basic and diluted loss per ordinary share of $ 1.20 per share for the prior year comparative quarter . - Share Repurchase Program – During the quarter , the Company repurchased and cancelled 1,820,788 Class A ordinary shares at an average repurchase price of $ 6.03 . Operating Results • Customer assets ( AUM ) totaled $ 28.5 billion , representing 79 % year - over - year growth , driven by net deposits which grew 7 % year - over - year . Registered users increased 13 % year - over - year to 28.2 million users . • • Funded accounts increased to 5.13 million , representing 8 % year - over - year growth .