Webull Announces Record Revenue in Q3 2025 Financial Results

Webull Corporation, a prominent digital investment platform, reported its financial and operating results for the third quarter of 2025, showcasing a remarkable growth trajectory. For the quarter ending September 30, 2025, the company achieved total revenues of $156.9 million, marking a 55% increase compared to the same period last year. This growth was attributed to technological innovation, geographic expansion, and a favorable market environment.

Anthony Denier, Group President and U.S. CEO of Webull, expressed pride in the company’s performance, stating, “We are proud of another strong quarter, with record revenue and customer assets driven by technological innovation, geographic and product expansion, and a favorable market backdrop.” He emphasized the launch of Vega, an AI tool designed to provide personalized market analysis and investing insights, as a significant development in enhancing user experience.

H.C. Wang, Chief Financial Officer, highlighted the company’s disciplined financial management, noting, “Our revenue growth accelerated in the third quarter and continued to comfortably outpace our expense growth.” He reaffirmed their commitment to creating long-term shareholder value while investing in high-growth areas and product innovation.

Financial Highlights and Growth Metrics

The company reported a significant increase in trading-related revenue, which surged by 64% year-over-year. Despite total operating expenses rising by 18% due to increased brokerage and transaction costs, Webull’s operational efficiency remained evident. The adjusted operating profit reached $36.7 million, a substantial improvement compared to the previous year’s loss.

Net income attributable to Webull increased dramatically, shifting from a loss of $33.5 million a year ago to an income of $21.7 million. This turnaround reflects a broader recovery in the market and the effectiveness of Webull’s strategic initiatives. Adjusted net income also saw a positive shift, moving from an adjusted net loss of $5.7 million to an adjusted net income of $32.9 million.

Customer assets reached an all-time high of $21.2 billion, representing an impressive 84% growth year-over-year. Funded accounts increased to 4.93 million, showing a 9% rise, while registered users grew by 17% to 25.9 million.

Strategic Developments and Future Outlook

In addition to robust financial results, Webull made significant strides in expanding its product offerings. The company officially relaunched cryptocurrency trading in the U.S. market in August 2025, allowing users to trade cryptocurrency alongside other investment products. This move was complemented by the introduction of cryptocurrency trading in Australia, supported by a partnership with Coinbase Prime.

September marked another milestone with the launch of Webull’s services in the European Union, specifically in the Netherlands, enabling access to European and U.S.-listed equities and fractional shares. The rollout of Level 3 Options for customers in Canada, Singapore, and Hong Kong further underscored Webull’s commitment to providing a comprehensive trading platform.

Following the third quarter, Webull introduced corporate bond trading for U.S. customers and the Vega AI tool, which aims to deliver real-time, personalized insights to investors. Additionally, a partnership with Meritz Financial Group was established, facilitating access for South Korean investors to U.S. equity markets.

Webull is set to host a conference call at 5:00 p.m. E.T. on November 20, 2025, to discuss these results in detail. The call will be accessible via their website and through designated dial-in numbers for participants.

As Webull continues to innovate and expand its services, it remains focused on delivering value to its users and shareholders, positioning itself as a leader in the global digital investment landscape.