Jun 2026 (Q2 FY26) — Aug 19, 2026
Webull Q2 FY26 – Record Revenue and Profit Driven by PDT Rule Elimination
Read the full callWebull earnings: last reported Wed, 19 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 131 | +46.3% YoY | Quarterly, as filed | Quarter to Jun 2025 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2025 | Not in the filed figures for the quarter to jun 2025. No older figure is substituted. | ||
| Net profit | -28.3 | Quarterly, as filed | Quarter to Jun 2025 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $11.01 on 17 Oct 2025 → $5.9. High $11.57 (27 Oct 2025), low $4.63 (30 Mar 2026).
Overview
Call summaries
Webull Q2 FY26 – Record Revenue and Profit Driven by PDT Rule Elimination
Read the full callWebull Q1 FY26 — Strong Growth Driven by Active Traders, Institutional Traction, and AI Focus
Read the full callWebull Q4 FY25 — Record Revenue and Strong Profitability Driven by Active Trader Engagement and Global Expansion
Read the full callEvery analysed call
Financials
Net profit, year on year: −144% (quarter to jun 2025 against jun 2024).
| Line item | Mar 2024 | Jun 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|
| Sales | — | 90 | — | 131 |
| Other income | — | 1 | — | 18 |
| Interest | — | -0 | — | -2 |
| Profit before tax | — | -10 | — | -21 |
| Tax rate | — | −13.6% | — | −32.7% |
| Net profit | -12 | -12 | 13 | -28 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Reserves | — | -1,756 | -2,241 | -2,178 |
| Total liabilities | — | 696 | 1,462 | 2,864 |
| Fixed assets | — | 34 | 34 | 36 |
| Total assets | — | 1,260 | 2,069 | 3,881 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash from operations | -31 | 471 | 185 | 566 |
| Cash from investing | -32 | -10 | -2 | 46 |
| Cash from financing | 18 | 13 | 40 | 352 |
| Capital expenditure | -32 | -5 | -2 | -5 |
| Free cash flow | -63 | 466 | 183 | 562 |
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Funded customers Outside the US | 760K+We now have more than 760,000 funded accounts outside the US APAC customer assets have surpassed $3 billion, and our partnership with Meritz Financial Group has increased access to the US market for Korean investors.Source: earnings call transcript | 790K+In APAC, our customer assets have grown to $4 billion, and we now have over 790,000 funded accounts outside the US Our ability to export the US retail trading experience at scale, thanks to our global infrastructure, compliance capabilities and product depth remains a genuine competitive differentiator.Source: earnings call transcript | ~810KWe now have approximately 810,000 international funded accounts.Source: earnings call transcript | — |
| Assets under custody (AUC) APAC | $3B+We now have more than 760,000 funded accounts outside the US APAC customer assets have surpassed $3 billion, and our partnership with Meritz Financial Group has increased access to the US market for Korean investors.Source: earnings call transcript | $4BIn APAC, our customer assets have grown to $4 billion, and we now have over 790,000 funded accounts outside the US Our ability to export the US retail trading experience at scale, thanks to our global infrastructure, compliance capabilities and product depth remains a genuine competitive differentiator.Source: earnings call transcript | $5B+In APAC, our customer assets have grown to over $5 billion.Source: earnings call transcript | — |
| Registered users | 26.8MDuring the fourth quarter, we added roughly 1 million registered users, bringing the platform to a total of 26.8 million registered users.Source: earnings call transcript | 27.6MAnd bringing the platform to a total of 27.6 million registered users.Source: earnings call transcript | 28.2MOur targeted marketing continues to drive adoption as we added approximately 600,000 registered users during the quarter bringing our total to $28.2 million, up 13% from $24.9 million at the end of the second quarter of 2025.Source: earnings call transcript | +2.2% |
| Funded customers | 5.03MWe added approximately 100,000 new funded accounts this quarter, bringing the total number of funded accounts to 5.03 million, an 8% year-over-year increase.Source: earnings call transcript | 5.11MWe added approximately 80,000 new funded accounts this quarter, bringing the total number to 5.11 million, an 8% year-over-year increase.Source: earnings call transcript | 5.13MFunded accounts reached $5.13 million in the quarter, an 8% year-over-year increase.Source: earnings call transcript | +0.4% |
| Retention rate | ~97%As we continue to innovate and enhance our offerings, we're also happy to report that our quarterly retention rate remained high at approximately 97%.Source: earnings call transcript | 98.4%As we continue to innovate and enhance our offerings, we're also happy to report that our quarterly retention rate was at a record high at 98.4%.Source: earnings call transcript | 97.3%Our quarterly retention rate was 97.3%.Source: earnings call transcript | -1.1 pt |
| Assets under custody (AUC) | $24.6BLegal customer assets reached an all-time high of $24.6 billion in the fourth quarter, representing an 81% increase on a year-over-year basis and a $3.4 billion sequential increase.Source: earnings call transcript | $24BCustomer assets reached $24 billion, up 90% year-over-year.Source: earnings call transcript | $28.5BCustomer assets reached $28.5 billion, representing 79% year-over-year growth.Source: earnings call transcript | +18.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
11 filings between Apr 10, 2026 and Oct 5, 2026.
Purchases
None
No insider bought shares.
Sales
$3.25M
7 sales by 3 insiders
57% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 conversion.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Denier Anthony Michael | — | $2.30M | Oct 5, 2026 |
| Wang Haichen | — | $493.7K | Sep 14, 2026 |
| James Benjamin Worthy | — | $453.3K | Aug 21, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | Denier Anthony Michael President | Sale 10b5-1 plan | 53,846 | $394.9K |
| Sep 30, 2026 | Wang Anquan Chief Executive Officer | Conversion | 25,000,000 | — |
| Sep 21, 2026 | Denier Anthony Michael President | Sale 10b5-1 plan | 53,846 | $447.7K |
| Sep 14, 2026 | Wang Haichen Chief Financial Officer | Sale | 55,000 | $493.7K |
| Sep 8, 2026 | Denier Anthony Michael President | Sale 10b5-1 plan | 53,846 | $515.7K |
| Aug 25, 2026 | Denier Anthony Michael President | Sale 10b5-1 plan | 53,848 | $475.6K |
| Aug 21, 2026 | James Benjamin Worthy General Counsel | Sale | 50,273 | $453.3K |
| Jun 9, 2026 | Bishop Walter A. Director | Option exercise | 12,500 | $0 |
| May 26, 2026 | Denier Anthony Michael President | Sale | 75,000 | $466.8K |
| Apr 10, 2026 | HOULIHAN WILLIAM A Director | Award | 4,719 | $0 |
| Apr 10, 2026 | HOULIHAN WILLIAM A Director | Option exercise | 12,500 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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