Overview

• Total revenue reached $131.5 million, up 46% year over year, with trading-related revenue rising 63%.
• Adjusted operating profit was $23.3 million for the quarter, while the company reported a $21.4 million loss before income taxes including $11 million tied to the equity offering and $18.5 million in stock-based compensation.
• Customer assets hit a record $15.9 billion, up 64% year over year, supported by $5.4 billion in net deposits over the last 12 months.
• Registered users grew by 800,000 in Q2 to 24.9 million, funded accounts reached 4.73 million, and equity notional volume rose 58% to $161 billion.
• Crypto trading was reinstated, including for U.S. users, and Webull secured optional access to up to $1 billion via a standby equity facility with $142.8 million drawn as of Aug. 28.