Webull Corporation (BULL) Earnings Call Transcripts

Webull Corporation's Latest Earnings Call - Q1 FY2026

In Q1 2026, Webull Corporation reported a robust revenue growth of 36% year-over-year, totaling $159.9 million, driven by high trading volumes and a significant increase in customer assets, which reached $24 billion, up 90% year-over-year. The company maintained its profitability with an adjusted operating profit of $14.8 million, although adjusted operating expenses rose by 64% due to increased marketing investments. Management is optimistic about future growth, particularly with the upcoming elimination of the Pattern Day Trader rule, which they expect will enhance trading activity and customer consolidation on their platform.

Reported metrics

Guidance from management

Management is optimistic about future growth, particularly with the expected benefits from the elimination of the Pattern Day Trader rule and ongoing investments in AI and international expansion. They anticipate continued revenue growth and improved margins over time as marketing expenses stabilize.

What management said

Chris, for a moment, you dropped off, I don't know if I heard the whole question. So I am going to apologize. So I heard, are there any tools or differentiation in the platform that will help us in PDT? Was that the question?

Sure. Actually, thanks for asking. In fact, we -- starting this quarter, we have started to release monthly metrics. So this is actually on our presentation in the appendix section, first slide in the appendix section, actually. So you can see our trading volumes are at all-time high in April. Our market share is an all-time high. And we see that trend continuing and actually accelerating into May. So we -- and we wi...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of high marketing expenses and their impact on margins. There were also questions about how quickly the removal of the Pattern Day Trader rule would translate into increased trading activity and customer consolidation.

Main topics on the call

• Revenue Growth — Webull's revenue grew 36% year-over-year to $159.9 million, driven by strong trading activity across various asset classes. Management stated, "This strong performance reflects continued strength across both trading and ...
• Customer Assets and Engagement — Customer assets reached $24 billion, a 90% increase year-over-year, indicating strong customer engagement despite slight sequential declines due to market volatility. Management noted, "Our customers remain engaged and c...
• Pattern Day Trader Rule Impact — The elimination of the Pattern Day Trader rule is expected to significantly boost trading activity. Management anticipates a "20% increase on the low end in terms of transaction increase" as a result of this change.
• Institutional Business Growth — Institutional order flow accounted for 9.5% of total equity volumes, reflecting strong traction in this area. Management emphasized, "We only expect that number to go up and accelerate very quickly and very aggressively....

Read the full Webull Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Webull Corporation earnings call transcripts on record, spanning August 28, 2025 to August 19, 2026. Based on this history, Webull Corporation reports quarterly. The most recent call on file is dated August 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BULL

Exchange

NasdaqCM

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

5

First call

August 28, 2025

Most recent

August 19, 2026

Reporting cadence

quarterly