Q4 2025 Webull Corp Earnings Call Transcript

Mar 4, 2026 / 10:00 PM GMT

Release Date Price: $6.07 (+1.85%)

Transcript

Key Points

Positve

Webull Corp (BULL) reported a 46% revenue growth in 2025, reaching $571 million, driven by record trading volumes across all asset categories.
The company successfully launched Vega, an AI assistant, which has been integral to growth, assisting 1.2 million global users weekly.
Webull Corp (BULL) expanded its global presence, now operating in 14 countries, with significant growth in APAC and Canadian markets.
The introduction of prediction markets and the reintroduction of crypto trading have been successful, with significant user engagement.
The company achieved a high quarterly retention rate of approximately 97%, indicating strong customer loyalty and satisfaction.

Negative

Adjusted operating expenses increased by 62% year over year, primarily due to increased marketing and branding investments.
Despite the growth, the contribution from crypto trading remains minimal compared to the securities business.
The B2B relationships, such as with Merritz, are still in early stages and have not yet significantly contributed to net deposits.
Prediction markets, while exciting, are not expected to become a core business segment, limiting their impact on future profitability.
The company faces challenges in maintaining high marketing expenses while balancing operating margins, which may affect future profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BULL.OQ - Webull Corp
Q4 2025 Webull Corp Earnings Call
Mar 04, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the Weibo Corporation 4th quarter and full year 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your telephone keypad.

To withdraw your question, please press star, then 2.

Please note this event is being recorded.

I would now like to turn the conference over to Carlos Questo, head of investor relations. Please go ahead.

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Unidentified_2 [2]

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