# Webull Corporation (BULL) — Stock CV

Webull Corporation is a $3.41B financial services company. Revenue grew 45.1% over the last year, and it currently loses money.

> Webull Corp is a digital investment platform built upon a next-generation globally infrastructure services. It strives to be the platform of choice for a new generation of investors by creating an efficient, low-cost, and easy-to-use investment platform.

## Identity

- **Ticker**: BULL
- **Sector**: Financial Services
- **Industry**: Capital Markets
- **Employees**: 1 396
- **Website**: https://www.webullcorp.com
- **Market cap**: $3.41B
- **Last price**: $6.32
- **Financial profile**: Mixed

## Vitals (FY2025)

- **Revenue**: $564M
- **Net income**: -$488M
- **Net cash**: $623M
- **P/E**: 80.1
- **Revenue growth (YoY)**: 45.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 42 |
| Growth | 45 |
| Profitability | 17 |
| Health | 50 |
| Quality | 50 |
| Moat | 25 |

## Qualifications (beginner checklist) — 4 of 9 passed

- [x] Revenue growing — +45.1% YoY
- [ ] Profitable — -$488M FY2025
- [ ] Profit growing — -16.8% YoY
- [x] Debt under control — more cash than debt
- [x] Established company — $3.41B market cap
- [x] Not printing shares — -18.9% shares over ~5y
- [ ] Proven track record — 0/4 profitable years
- [ ] Financially stable — Altman Z 0.1 — distress
- [ ] Valuation not extreme — P/E 80.1

## Experience (career milestones)

- **2025** — Webull became a publicly traded company on the Nasdaq through a merger with special-purpose…
- **2024** — Webull launched overnight, or extended-hours, trading, expanding the trading window of U.S
- **Feb 28, 2024** — Webull agreed to go public through a business combination with SK Growth Opportunities…
- **2022** — Webull restructured its China-related corporate arrangements in 2022 and later stated that Hunan Fumi was no longer…
- **2021** — The initial post-listing surge increased the value of Webull holdings owned by earlier investors, including RIT…
- **2020** — Webull introduced options trading in 2020 and later added cryptocurrency trading through a separate digital-asset…
- **2018** — It launched U.S. brokerage services through Webull Financial LLC in 2018 and expanded during the retail-trading boom…
- **2016** — Webull began operations in 2016 under Hunan Fumi Information Technology, a China-based financial technology company…

## Strengths

- High gross margin (77.5%)
- Revenue growing 45.1% year over year
- Net cash position after subtracting debt from cash

## Watch-outs

- Not profitable — 86.4% net margin
- Altman Z-Score 0.09 — elevated financial-distress risk
- Loss-making in 4 of the recent years
- Short reporting history — trends are less reliable

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $388M | -$1.33M | $466M |
| FY2023 | $389M | -$334M | $183M |
| FY2024 | $389M | -$518M | $562M |
| FY2025 | $564M | -$488M | — |

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Source: https://stockcv.com/BULL — derived from company filings; may be delayed or incomplete. Information, not investment advice.