Q1 2026 Webull Corp Earnings Call Transcript

May 21, 2026 / 09:00 PM GMT

Release Date Price: $6.61 (-5.44%)

Transcript

Key Points

Positve

Webull Corp (BULL) reported a 36% year-over-year revenue growth, reaching $160 million.
Customer assets increased by 90% year-over-year to $24 billion, showcasing strong customer trust and engagement.
The company announced a share repurchase program of up to $100 million, reflecting confidence in its long-term value.
Webull Corp (BULL) expanded its global reach, receiving permission to operate in 22 additional European markets.
The company achieved a record high quarterly retention rate of 98.4%, indicating strong customer loyalty.

Negative

Adjusted operating expenses increased by 64% year-over-year, primarily due to higher marketing and branding investments.
Customer assets decreased slightly from the beginning of the year due to market volatility.
Sequential declines in customer net deposits and trading volumes were noted, reflecting a challenging macroeconomic environment.
The company's adjusted operating profit margin decreased to 9.3%, impacted by increased marketing expenses.
Crypto revenue remains low, contributing only about 2% to total revenues, indicating underperformance in this segment.

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

BULL.OQ - Webull Corp
Q1 2026 Webull Corp Earnings Call
May 21, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the WeBull Corporation first quarter 2026 earnings conference call.

All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

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 Questao, Head of Investor Relations for Webull. Please go ahead.

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Unidentified_2 [2]
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