Webull Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $571.0M | $390.2M | $389.6M | $388.3M |
| Cost of Revenue | — | — | — | — |
| Gross Profit | — | — | — | — |
| Gross Margin | — | — | — | — |
| Operating Expenses | ||||
| Research & Development | $35.5M | $32.7M | $32.0M | — |
| SG&A Expense | $168.6M | $122.7M | $95.8M | $73.0M |
| Operating Income | $45.2M | $-12.1M | $20.2M | $65.7M |
| Operating Margin | 7.9% | -3.1% | 5.2% | 16.9% |
| Interest Expense | — | — | — | — |
| Pretax Income | $45.2M | $-12.1M | $20.2M | $65.7M |
| Income Tax Expense | $20.8M | $13.8M | $16.1M | $32.2M |
| Net Income | $24.8M | $-22.7M | $6.1M | $50.1M |
| Net Margin | 4.3% | -5.8% | 1.6% | 12.9% |
| EPS (Basic) | $-1.23 | $-1.24 | $-0.81 | $0.00 |
| EPS (Diluted) | $-1.23 | $-1.24 | $-0.81 | $0.00 |
| Shares Outstanding (Basic) | 397.0M | 416.5M | 413.9M | 403.5M |
| Shares Outstanding (Diluted) | 397.0M | 416.5M | 413.9M | 403.5M |
| Dividends Per Share | — | — | — | — |