BULL
Webull Corporation Class A Ordinary Shares
BULL's fundamentals are strong: revenue grew 49% and its operating margin rose 8 points to 12%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
BULL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
BULL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
BULL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $4.96 | — |
| Cheap | 60x | $4.83 | -2.7% |
| Current | 60x | $4.96 | — |
| Fair | 63x | $5.04 | +1.6% |
| Expensive | 71x | $5.64 | +14% |
Historical ranges are pointers, not guarantees.
BULL's PE is 60x, but its earnings don't support one, so it isn't a reliable read right now.
BULL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for BULL, with profitability improving. However, they disagree widely on these estimates.
BULL Earnings Per Share
BULL has returned to profit: it earned $0.08 per share over the past year, after losing money the year before.
BULL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $198.8M | +51% |
| Q1 2026 | $159.9M | +36% |
| Q4 2025 | $165.2M | +53% |
| Q3 2025 | $156.9M | +54% |
| Q2 2025 | $131.5M | +46% |
| Q1 2025 | $117.4M | +32% |
| Q4 2024 | $107.7M | +27% |
| Q3 2024 | $101.9M | +2.3% |
BULL's revenue has grown year over year for eight quarters in a row: $199M last quarter, up 51% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 23% | +26 points |
| Q1 2026 | -1.5% | -19 points |
| Q4 2025 | 10% | -3.6 points |
| Q3 2025 | 16% | +26 points |
| Q2 2025 | -2.8% | +7 points |
| Q1 2025 | 18% | +29 points |
| Q4 2024 | 14% | +31 points |
| Q3 2024 | -11% | -27 points |
BULL's operating margin was 23% last quarter, up 26 points from the same quarter a year ago, near the top of its range since 2023.
BULL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | -100% |
| Q3 2025 | $0 | -100% |
| Q2 2025 | $0 | -100% |
| Q1 2025 | $0 | +$8.2M |
| Q4 2024 | $38M | -34% |
| Q3 2024 | $83.2M | -50% |
BULL's free cash flow was $0 over the past year, against $121M the year before.
BULL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.1% | +16.5M shares |
| 1 year | +26% | +111M shares |
| 3 years | +8.5% | +42.6M shares |
BULL has 543M diluted shares, up 26% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $3.7M |
| Q3 2024 | — |
BULL hasn't bought back shares in the past year.
BULL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -9.0x | Net Cash |
| Q1 2026 | -42.1x | Net Cash |
| Q4 2025 | -12.4x | Net Cash |
| Q3 2025 | -9.6x | Net Cash |
| Q2 2025 | -38.6x | Net Cash |
| Q1 2025 | -14.2x | Net Cash |
| Q1 2024 | -73.0x | Net Cash |
| Q4 2023 | -15.7x | Net Cash |
BULL has more cash than debt.
BULL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.6 | Neutral |
| Stochastic | 3.8 | Oversold |
BULL's weekly RSI is 35 (neutral) and its Stochastic is 4 (oversold).
BULL PE vs Technology Sector
BULL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.95 | 17% below |
| 20 week MA | $7.23 | 31% below |
| 50 week MA | $6.96 | 29% below |
BULL is in a downtrend: it's below all three of its weekly moving averages, and 29% below its 50-week average.
BULL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $11.3 | $8.18 | -27% |
| 2026 YTD | $8.18 | $4.96 | -39% |
BULL has finished every year since 2025 lower, and it's down 39% so far in 2026.