Overview
- Webull reported a company‑record $198.8 million in Q2 revenue and $24.4 million in net income, reversing a $28.3 million loss from a year earlier.
- Trading‑related revenue rose 66% to $147.7 million with equity notional volume at $279 billion and 213 million options contracts driving most of the gain.
- Customer assets climbed to $28.5 billion, funded accounts reached 5.13 million and registered users rose to 28.2 million, reflecting higher deposits and engagement.
- The company highlighted product and regional moves as next steps, including Managed Bond Portfolios with Moment, growth in its Vega AI user base, launches in Spain, Argentina and Colombia, and the acquisition of Pi Securities in Thailand.
- Investors reacted with a double‑digit post‑earnings stock jump and management repurchased 1.82 million Class A shares, a sign that stronger operating leverage is changing capital allocation while trading volumes remain a key sensitivity to future results.