Webull Corporation (BULL) Stock Price & How to Invest

Webull Corporation operates Webull, a mobile-first digital investment platform that lets retail investors trade stocks, ETFs, options, futures, fractional shares, and in some markets digital assets, with round-the-clock access to global markets. It serves more than 26 million registered users across roughly 14 markets in North America, Asia Pacific, Europe, and Latin America through a network of licensed brokerage entities. Its business earns money in two main ways: trading-related revenue, which in the United States leans heavily on payment for order flow (options are the larger share of those rebates), and interest-related income from margin loans, stock lending, and interest on client cash balances. In its first full year as a public company it reported record revenue of about $571 million (up 46%) and record net deposits of $8.6 billion (up 91%).

The company was founded in 2016 by Wang Anquan, a former Alibaba and Xiaomi employee, and grew out of Fumi Technology, with significant engineering operations historically tied to Changsha, China. Webull went public on Nasdaq in April 2025 through a merger with the SPAC SK Growth Opportunities Corp; the stock briefly spiked around 375% and touched a headline market value near $30 billion before falling sharply back toward a few billion dollars. That China lineage has drawn political attention: a US House committee focused on the Chinese Communist Party has written to Webull's leadership over the company's ties to the PRC and data-privacy questions, which is a recurring part of the bear case rather than a settled matter.

Webull's revenue is tied closely to retail trading activity, so a quieter market or lower volumes can hit trading-related revenue quickly. A large portion of its US revenue comes from payment for order flow, a practice that regulators have periodically scrutinized and could restrict, which would pressure a core income line. Its ties to China have drawn a US congressional committee letter over PRC links and data privacy, an unresolved political and regulatory overhang. The stock is a recent SPAC listing and has been highly volatile, and the company still reports GAAP losses. Competition from far larger and better-capitalized brokers, plus other low-cost trading apps, can raise customer-acquisition costs and compress margins.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Webull Corporation's investor relations page or your broker.

• Revenue (Q1 2026 quarterly): ~$159.9 million, up 36% year over year
• Revenue (recent full year): ~$571 million, up 46%
• Registered users: ~26 million+ across ~14 markets
• Customer assets: ~$24 billion, up ~90% year over year
• Profitability: Adjusted EPS ~$0.03 positive; GAAP still at a loss (trailing loss per share ~$1.01)
• Market cap: ~$3.6 to $3.7 billion (stock ~$7 per share)

Figures are approximate and tied to the asOf date; verify live numbers before acting. Because Webull is not consistently profitable on a GAAP basis, a traditional P/E ratio is not meaningful, so the market values it on revenue growth, users, and assets rather than earnings. The gap between a slightly positive adjusted EPS and a GAAP loss is worth understanding, since it reflects non-cash and SPAC-related charges as well as the underlying run rate.

There are three common ways to get BULL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so BULL sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where BULL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

Webull is a digital brokerage platform with more than 26 million registered users across 14 markets, growing revenue quickly (Q1 2026 revenue up 36% to ~$160 million) but still posting GAAP losses, so the question is whether user and asset growth converts into durable profit before competition, regulation, and its China-linked scrutiny weigh on the story.

Whether BULL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is BULL a buy?, and where the stock could go from here in the BULL stock forecast.

For income investors, whether BULL pays a dividend and how the payout looks is covered in does BULL pay a dividend?