(BULL) Webull - NASDAQ
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 3.579m USD | Total Return: -38.8% in 12m
Avg Turnover: 84.8M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Webull Corporation (NASDAQ: BULL) is a global digital investment platform headquartered in Saint Petersburg, Florida. Founded in 2016, the company provides retail investors with access to securities trading across major international markets, including North America, Europe, Asia-Pacific, and Africa.
Operating within the Investment Banking & Brokerage sub-industry, Webull utilizes a digital-first business model that leverages mobile technology to reduce traditional overhead costs. The retail brokerage sector has increasingly shifted toward commission-free structures, where firms often generate revenue through interest on credit balances, margin lending, and payment for order flow.
Investors should examine detailed valuation metrics on ValueRay to better understand the companys market position. Webull maintains a significant international footprint by securing local broker-dealer licenses in each operational jurisdiction to ensure regulatory compliance.
- Global expansion into emerging markets drives user acquisition and brokerage revenue
- Higher interest rates increase net interest income from customer cash balances
- Regulatory scrutiny of payment for order flow impacts primary revenue channels
- Growth in proprietary options and futures trading volume expands profit margins
- Intensifying competition among zero-commission platforms pressures transaction fee growth potential
| Net Income: -10.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -1.14 > 1.0 |
| NWC/Revenue: 536.8% < 20% (prev 122.9%; Δ 413.9% < -1%) |
| CFO/TA 0.15 > 3% & CFO 566.4m > Net Income -10.0m |
| Net Debt (-1.01b) to EBITDA (38.7m): -25.98 < 3 |
| Current Ratio: 993.1 > 1.5 & < 3 |
| Outstanding Shares: last quarter (526.1m) vs 12m ago 14.02% < -2% |
| Gross Margin: 76.55% > 18% (prev 79.70%; Δ -3.15% > 0.5%) |
| Asset Turnover: 21.39% > 50% (prev 20.60%; Δ 0.79% > 0%) |
| Interest Coverage Ratio: 6.50 > 6 (EBIT TTM 35.5m / Interest Expense TTM 5.46m) |
| A: 0.89 (Total Current Assets 3.30b - Total Current Liabilities 3.32m) / Total Assets 3.71b |
| B: -0.59 (Retained Earnings -2.20b / Total Assets 3.71b) |
| C: 0.01 (EBIT TTM 35.5m / Avg Total Assets 2.87b) |
| D: 0.38 (Book Value of Equity 1.02b / Total Liabilities 2.70b) |
| Altman-Z'' = 4.37 = AA |
| DSRI: 1.76 (Receivables 1.34b/519.0m, Revenue 613.6m/416.9m) |
| GMI: 1.04 (GM 79.70% / 76.55%) |
| AQI: 4.88 (AQ_t 0.09 / AQ_t-1 0.02) |
| SGI: 1.47 (Revenue 613.6m / 416.9m) |
| TATA: -0.16 (NI -10.0m - CFO 566.4m) / TA 3.71b) |
| Beneish M = 0.26 (Cap -4..+1) = D |
As of June 15, 2026, the stock is trading at USD 6.54 with a total of 12,575,222 shares traded.
Over the past week, the price has changed by +16.79%,
over one month by -10.41%,
over three months by +23.16% and
over the past year by -38.82%.
Webull has no consensus analysts rating.
| Analysts Target Price | 12 | 83.5% |
P/E Forward = 35.461
P/S = 5.8975
P/B = 3.5157
Revenue TTM = 613.6m USD
EBIT TTM = 35.5m USD
EBITDA TTM = 38.7m USD
Long Term Debt = 65.0m USD (from longTermDebt, last quarter)
Short Term Debt = 3.32m USD (from shortTermDebt, last quarter)
Debt = 88.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 11.5m
Net Debt = -1.01b USD (calculated: Debt 88.0m - CCE 1.09b)
Enterprise Value = 2.57b USD (3.58b + Debt 88.0m - CCE 1.09b)
Interest Coverage Ratio = 6.50 (Ebit TTM 35.5m / Interest Expense TTM 5.46m)
EV/FCF = 151.9x (Enterprise Value 2.57b / FCF TTM 16.9m)
FCF Yield = 0.66% (FCF TTM 16.9m / Enterprise Value 2.57b)
FCF Margin = 2.76% (FCF TTM 16.9m / Revenue TTM 613.6m)
Net Margin = -1.64% (Net Income TTM -10.0m / Revenue TTM 613.6m)
Gross Margin = 76.55% ((Revenue TTM 613.6m - Cost of Revenue TTM 143.9m) / Revenue TTM)
Gross Margin QoQ = 75.99% (prev 78.75%)
Tobins Q-Ratio = 0.69 (Enterprise Value 2.57b / Total Assets 3.71b)
Interest Expense / Debt = 6.21% (Interest Expense 5.46m / Debt 88.0m)
Taxrate = 46.09% (20.8m / 45.2m)
NOPAT = 19.1m (EBIT 35.5m * (1 - 46.09%))
Current Ratio = 1.31 (Total Current Assets 3.30b / Total Current Liabilities 2.51b)
Debt / Equity = 0.09 (Debt 88.0m / totalStockholderEquity, last quarter 1.02b)
Debt / EBITDA = -25.98 (Net Debt -1.01b / EBITDA 38.7m)
Debt / FCF = -59.45 (Net Debt -1.01b / FCF TTM 16.9m)
Total Stockholder Equity = 946.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.35% (Net Income -10.0m / Total Assets 3.71b)
RoE = -1.06% (Net Income TTM -10.0m / Total Stockholder Equity 946.2m)
RoCE = 3.51% (EBIT 35.5m / Capital Employed (Equity 946.2m + L.T.Debt 65.0m))
RoIC = 0.52% (NOPAT 19.1m / Invested Capital 3.68b)
WACC = -0.75% (negative - check inputs) (E(3.58b)/V(3.67b) * Re(-0.85%) + D(88.0m)/V(3.67b) * Rd(6.21%) * (1-Tc(0.46)))
Discount Rate = 5.29% (= Risk Free + ERP)
Shares (quarterly) Correlation: 57.95 | Cagr: 6.22%
[DCF] Terminal Value 73.10% ; FCFF base≈23.1m ; Y1≈20.3m ; Y5≈16.4m
[DCF] Fair Price = 2.83 (EV 262.8m - Net Debt -1.01b = Equity 1.27b / Shares 448.0m; r=8.35% [Cost of Equity (WACC unavailable) [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.18 | # QB: 0
Revenue Correlation: 86.78 | Revenue CAGR: 21.06% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.03 | Chg30d=-30.72% | Revisions=-33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.04 | Chg30d=-14.35% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=0.15 | Chg30d=-19.66% | Revisions=-33% | GrowthEPS=-46.4% | GrowthRev=+25.1%
EPS next Year (2027-12-31): EPS=0.30 | Chg30d=+7.02% | Revisions=+20% | GrowthEPS=+103.3% | GrowthRev=+25.1%
[Analyst] Revisions Ratio: -33%