Webull (NASDAQ:BULL) today revealed a sharp increase in annual revenue and customer inflows during its first full year as a publicly traded company, driven by a rapid international expansion and the introduction of new asset classes.
The digital brokerage posted full-year 2025 revenue of $571 million, representing a 46% increase over the previous year.
The growth was supported by a significant surge in net deposits, which rose 91% to $8.6 billion, bringing total customer assets to $24.6 billion.
The results highlight Webull’s transition from a retail trading underdog to a diversified global platform.
During the fiscal year, the company expanded its presence into the European Union and South Korea, while also re-entering the U.S. cryptocurrency market and broadening its fixed-income offerings with expanded bond trading.
On the profitability front, Webull reported an adjusted operating profit of $110.3 million for 2025.
Income from continuing operations before taxes stood at $45.2 million, reflecting the costs associated with its aggressive scaling and technological investments, including the launch of Vega, a proprietary AI-powered investment tool.