BULL
Webull Corporation

Webull CorporationBULL

Technology · Software - Application
7.26USD
-5.10%
Sep 25, 2026
BULL overview ready
Webull is a direct digital-brokerage beneficiary: it monetizes self-directed retail trading activity and is expanding its multi-asset platform, active-trader functionality, international distribution and institutional/B2B capabilities.
Narrative is still early
Exposed to the Retail Investor Participation and Digital Market Access narrative through Active Retail Trading and Derivatives Access — pure play.
No clear price read
Longer-term context reads damaged structure, with a near-term setup of pullback recovery.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Ev / sales is strong.
Primary risk
Regulatory changes impacting brokerage operations.
Market Sep 24Price action Sep 24Research Sep 15

Conviction Level

NarrativeHeat5.2ThemeHeat7.9PriceAction3.4Valuation6.5CompanyPosition7.3
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads damaged structure, with a near-term setup of pullback recovery.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$3.7B
Avg Volume (60D)
14.7M
60 sessions
Revenue Growth YoY
+47.9%
Trailing twelve months
Gross Margin
+77.2%
Operating Margin
+12.4%
Trailing twelve months
Distance from 200DMA
+1.6%
Next Earnings
2026-11-12
P/E
103.1x
EV / Sales
3.1x
Market metrics as of Sep 24, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Webull Corporation has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Webull is a direct digital-brokerage beneficiary: it monetizes self-directed retail trading activity and is expanding its multi-asset platform, active-trader functionality, international distribution and institutional/B2B capabilities. The story is still emerging, so the exposure is real but early.
Opportunity
High opportunity
Digital brokerages and trading platforms benefit when retail investors gain easier, lower-friction access to equities, options, futures, digital assets and related active-trading products, particularly during periods of elevated trading engagement or rule changes that broaden participation.
Key risk
Regulatory changes impacting brokerage operations.

Narrative & Theme

Retail Investor Participation and Digital Market Access
Part of Active Retail Trading and Derivatives Access, with strong fit.
This is a genuine but currently unpromoted narrative rather than a fit to any active power, AI, defense, mineral, cybersecurity, semiconductor or metabolic-disease narrative.
Narrative HeatNeutral5.2 / 10
Theme HeatHeating up7.9 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Webull Corporation operates a digital investment platform that enables retail investors to trade securities through its licensed broker dealer across multiple countries.

How it earns

The company generates revenue primarily through transactional fees and wealth management product distribution.

Products & services
Trading platform
Wealth management product distribution
Market data and information
User community
Investor education
Customers & end markets
Retail investors
Individual traders
Market position

Webull is a challenger in the digital brokerage space, competing with established and emerging online trading platforms.

Demand drivers
Medium cyclicality

Business performance is influenced by market volatility and retail trading volumes, which can fluctuate with economic cycles.