St. Petersburg, Florida – Webull Corporation (NASDAQ: BULL) has reported strong financial results for the first quarter ending March 31, 2025, showing significant growth in both revenue and profitability. The digital investment platform saw increased user activity and customer assets during the period.
According to the announcement, total revenues grew by 32% year-over-year, reaching $117.4 million. A key driver was trading-related revenue, which saw a 52% increase compared to the same quarter last year. This performance helped the company shift from a net loss of $12.6 million in Q1 2024 to a net income of $12.9 million in Q1 2025.
Anthony Denier, Webull’s Group President and U.S. CEO, highlighted the results as a reflection of demand for the platform. “We believe our results speak to our strong value proposition, reliable and innovative platform, and focus on global distribution to meet the needs of our sophisticated retail customers,” Denier said in the report. He added that future plans include broadening the product portfolio and expanding access globally.
Group CFO H.C. Wang commented on the execution of their strategy, noting “impressive momentum across the business.” He also pointed to strong account growth driven by global teams focused on meeting the long-term investing needs of individual investors.
Key business and financial highlights from the quarter include:
- Total revenues: $117.4 million (up 32% year-over-year)
- Net income attributable to the Company: $12.9 million (compared to a $12.6 million loss in Q1 2024)
- Customer assets: $12.6 billion (up 45% year-over-year)
- Registered users: 24.1 million (up 17% year-over-year)
- Funded accounts: 4.7 million (up 10% year-over-year)
- Daily Average Revenue Trades (DARTs): 924 thousand (up 44% year-over-year)
- Equities notional volume: $128 billion (up 15% year-over-year)
- Options contracts volume: 121 million (up 8% year-over-year)
The company also highlighted several recent developments, such as in February, Webull partnered with Kalshi to offer binary event contracts. March saw the launch of Webull Premium, a subscription service that quickly gained traction.
After the quarter’s end in April, Webull completed its previously announced business combination and began trading on Nasdaq under the ticker BULL.
In May, they enhanced the Webull Advisors platform through a partnership with BlackRock for model portfolios and collaborated with Visa to facilitate efficient money transfers using Visa Direct.
Webull Corporation owns and operates the Webull platform, a digital investment platform available in 14 markets globally. It serves over 24 million registered users, offering 24/7 access to global financial markets for trading various assets like stocks, ETFs, options, futures, and fractional shares, integrated with market data, a user community, and educational resources.
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