BULL (Webull) Scaled Net Operating Assets: 0.06 (As of Mar. 2026)


BULL Webull Corp BULL
18 GF Score
Price $6.82
! 6 Warning Signs
View Full Analysis

What is Webull Scaled Net Operating Assets?

Webull BULL +4.76% 18 Scaled Net Operating Assets is 0.06 as of Mar. 2026. GuruFocus rates BULL with a GF Score™ of 18/100. The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Webull's operating assets for the quarter that ended in Mar. 2026 was $2,861.6 Mil. Webull's operating liabilities for the quarter that ended in Mar. 2026 was $2,618.8 Mil. Webull's Total Assets for the quarter that ended in Dec. 2025 was $3,880.9 Mil. Therefore, Webull's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.06.


Webull Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Webull's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Webull Scaled Net Operating Assets Chart

Webull Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-1.72 -1.99 -2.08 0.13

Webull Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.28 0.13 0.12 0.08 0.06

BULL vs LIF, PTRN, NATL: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Webull's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Webull Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Webull's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Webull's Scaled Net Operating Assets falls into.


BULL
18GF Score
Webull Corp BULL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Webull Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Webull's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3055.372-2786.868)/2068.669
=0.13

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3880.871 - 825.499
=3055.372

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2864.391 - 73.912 - 3.611
=2786.868

Webull's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2861.631-2618.752)/3880.871
=0.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3713.482 - 851.851
=2861.631

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2695.26 - 73.189 - 3.319
=2618.752

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.06 mean?
Webull (BULL) has a Scaled Net Operating Assets of 0.06 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Webull and its competitors.
Is Webull's Scaled Net Operating Assets too high?
Webull's current Scaled Net Operating Assets is 0.06. Overall, Webull has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Webull's Scaled Net Operating Assets compare to LIF and PTRN?
Webull's Scaled Net Operating Assets of 0.06 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Webull and its competitors. Webull's current Scaled Net Operating Assets is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Webull stock overvalued right now?
Webull (BULL) has a current Scaled Net Operating Assets of 0.06. The current Scaled Net Operating Assets is 0.06. Webull's overall GF Score™ is 18/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Webull (BULL), the current Scaled Net Operating Assets is 0.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Webull Business Description

Other Exchanges 4HU:Germany
Address 200 Carillon Parkway, Saint Petersburg, FL, USA, 33716
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. The company distinguishes itself from other investment service providers by offering a mobile-first user experience, a broad range of investment products, and extensive functionality constructed to help its customers build wealth over time. The company arms each customer with the tools it needs to develop into what it refers to as an informed investor - one who understands the market and has the confidence to succeed as an investor. The Webull platform originally provided users with free access to market data and analytical tools.
18GF Score

Get the complete analysis for BULL

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.82
Price