PerpEquities

Equity

Webull Corporation Class A Ordinary Shares (BULL) perpetual futures

Webull Corporation is a digital investment platform offering trading, wealth management, market data, and investor education to retail investors globally.

-2.6%NASDAQ closed
Open in terminal

Price chart

Interactive TradingView chart

TradingView symbol NASDAQ:BULL

Loads TradingView's third-party widget (about 1 MB) on demand.

Auto: underlying reference priceOpen in TradingView

Trading data

Perpetual market activity

0/1 live markets
Venues
1
Live markets
0/1
24h volume
-
Open interest
-
Best liquidity
-
Tightest spread
-
Highest volume
-
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-2.60%
5D+5.87%
1M+33.06%
6M+78.72%
YTD+25.35%
1Y-27.26%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeBULLUS-USDTPlanned------USDT-
Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

-
No live data-

Company data

Company fundamentals

Updated 50m ago
Market cap
$5.2B
Updated 50m ago
Revenue
$680.9M
Trailing 12 months
Revenue growth
+39%
Next fiscal year
Profit margin
+6.3%
P/E
113.7
Peer P/E 0.1
Free cash flow
$0
Trailing 12 months
More metrics
Net income
$42.6M
Trailing 12 months
P/S
7.6
Peer P/E
0.1
Similar listed perps
Revenue estimate
$793.4M
Next fiscal year
Earnings
2026-11-19
Revenue est. $213.8M · Updated 50m ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$571M
Net margin+4.3%
Free cash flow$561.5M
Net debt-$575.7M
2021$0
2022$388.3M
2023$389.6M
2024$390.2M
2025$571M
PeriodRevenueGrowthNet incomeFCF
2021$0--$33.8K-
2022$388.3M-$50.1M-$62.8M
2023$389.6M0%$6.1M$466.1M
2024$390.2M0%-$22.7M$182.8M
2025$571M+46%$24.8M$561.5M
PeriodGross marginOperating marginNet marginROEROA
20210.0%0.0%0.0%0.0%0.0%
2022+84.6%+17.7%+12.9%+9.8%+4.6%
2023+83.0%+5.9%+1.6%-0.3%+0.5%
2024+79.7%-3.7%-5.8%+1.0%-1.1%
2025+77.5%+10.2%+4.3%+2.4%+0.6%
PeriodCashDebtNet debtCurrent ratio
2021---0.00
2022$436.2M$17.4M-$418.8M1.82
2023$372.3M$13.1M-$359.3M1.74
2024$270.7M$15.4M-$255.3M1.34
2025$653.2M$77.5M-$575.7M1.33
PeriodMarket capEnterprise valueP/SP/E
2021$5B$00.0-99,400.0
2022$4.7B$4.3B12.0-3,510.3
2023$5B$4.6B12.8-14.8
2024$5.3B$5.1B13.7-10.3
2025$3.1B$2.5B5.4129.5
Q3 2024$101.9M
Q4 2024$107.7M
Q1 2025$117.4M
Q2 2025$131.5M
Q3 2025$156.9M
Q4 2025$165.2M
Q1 2026$159.9M
Q2 2026$198.8M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$101.9M+2%-$9.4M$83.2M
Q4 2024$107.7M+27%$10.8M$38M
Q1 2025$117.4M+32%$13.1M$0
Q2 2025$131.5M+46%-$28.3M$0
Q3 2025$156.9M+54%$36.9M$0
Q4 2025$165.2M+53%$3M$0
Q1 2026$159.9M+36%-$21.7M$0
Q2 2026$198.8M+51%$24.4M$0
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+80.5%-10.5%-9.3%-1.6%-0.5%
Q4 2024+79.0%+14.0%+10.0%-0.5%+0.5%
Q1 2025+80.2%+17.5%+11.1%-0.6%+0.6%
Q2 2025+73.5%-2.8%-21.5%-3.8%-1.1%
Q3 2025+77.3%+15.6%+23.5%+3.7%+1.1%
Q4 2025+78.8%+10.4%+1.8%+0.3%+0.1%
Q1 2026+76.0%-1.5%-13.6%-2.1%-0.6%
Q2 2026+77.7%+22.9%+12.3%+2.3%+0.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$314.3M$22.6M-$291.6M1.39
Q4 2024$270.7M$15.4M-$255.3M1.34
Q1 2025$297.5M$13.7M-$283.8M1.37
Q2 2025$476.7M$113M-$363.7M1.42
Q3 2025$654.8M$112.8M-$542.1M1.40
Q4 2025$653.2M$77.5M-$575.7M1.33
Q1 2026$677.2M$76.5M-$600.6M1.35
Q2 2026$1.9B$78.7M-$1.8B51.17
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$5.2B$4.9B51.12.0
Q4 2024$5.4B$5.1B49.71,384.5
Q1 2025$5.6B$5.3B48.0-162.2
Q2 2025$5.2B$4.8B39.2-2.5
Q3 2025$7.2B$6.7B46.249.1
Q4 2025$4.1B$3.5B24.6334.9
Q1 2026$2.5B$1.9B15.8-29.1
Q2 2026$3.5B$1.6B17.435.5
Historical value series
Revenue
Q3 2023: $99.6MQ4 2023: $84.5MQ1 2024: $88.9MQ2 2024: $89.9MQ3 2024: $101.9MQ4 2024: $107.7MQ1 2025: $117.4MQ2 2025: $131.5MQ3 2025: $156.9MQ4 2025: $165.2MQ1 2026: $159.9MQ2 2026: $198.8MQ3 2023Q2 2026
Net income
Q3 2023: $7.4MQ4 2023: -$13.5MQ1 2024: -$12.4MQ2 2024: -$11.6MQ3 2024: -$9.4MQ4 2024: $10.8MQ1 2025: $13.1MQ2 2025: -$28.3MQ3 2025: $36.9MQ4 2025: $3MQ1 2026: -$21.7MQ2 2026: $24.4MQ3 2023Q2 2026
EBITDA
Q3 2023: $14.9MQ4 2023: -$15.8MQ1 2024: -$8.9MQ2 2024: -$9.4MQ3 2024: -$7.4MQ4 2024: $19.3MQ1 2025: $19.5MQ2 2025: -$20MQ3 2025: $39MQ4 2025: $8.1MQ1 2026: -$12.8MQ2 2026: $34.7MQ3 2023Q2 2026
Free cash flow
Q3 2023: $166.4MQ4 2023: $57.6MQ1 2024: -$8.2MQ2 2024: $69.8MQ3 2024: $83.2MQ4 2024: $38MQ1 2025: $0Q2 2025: $0Q3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0Q3 2023Q2 2026
EPS
Q3 2023: $0.48Q4 2023: -$1.45Q1 2024: -$2.39Q2 2024: -$0.05Q3 2024: $1.39Q4 2024: $0Q1 2025: -$0.02Q2 2025: -$1.2Q3 2025: $0.07Q4 2025: $0.01Q1 2026: -$0.04Q2 2026: $0.04Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $399MQ3 2023 · Debt: $12.4MQ4 2023 · Cash: $372.3MQ4 2023 · Debt: $13.1MQ1 2024 · Cash: $388.7MQ1 2024 · Debt: $18.5MQ2 2024 · Cash: $335.9MQ2 2024 · Debt: $22.7MQ3 2024 · Cash: $314.3MQ3 2024 · Debt: $22.6MQ4 2024 · Cash: $270.7MQ4 2024 · Debt: $15.4MQ1 2025 · Cash: $297.5MQ1 2025 · Debt: $13.7MQ2 2025 · Cash: $476.7MQ2 2025 · Debt: $113MQ3 2025 · Cash: $654.8MQ3 2025 · Debt: $112.8MQ4 2025 · Cash: $653.2MQ4 2025 · Debt: $77.5MQ1 2026 · Cash: $677.2MQ1 2026 · Debt: $76.5MQ2 2026 · Cash: $1.9BQ2 2026 · Debt: $78.7MQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +83.3%Q4 2023 · Gross margin: +79.3%Q1 2024 · Gross margin: +79.8%Q2 2024 · Gross margin: +78.9%Q3 2024 · Gross margin: +80.5%Q4 2024 · Gross margin: +79.0%Q1 2025 · Gross margin: +80.2%Q2 2025 · Gross margin: +73.5%Q3 2025 · Gross margin: +77.3%Q4 2025 · Gross margin: +78.8%Q1 2026 · Gross margin: +76.0%Q2 2026 · Gross margin: +77.7%Q3 2023 · Operating margin: +16.6%Q4 2023 · Operating margin: -16.8%Q1 2024 · Operating margin: -11.0%Q2 2024 · Operating margin: -9.9%Q3 2024 · Operating margin: -10.5%Q4 2024 · Operating margin: +14.0%Q1 2025 · Operating margin: +17.5%Q2 2025 · Operating margin: -2.8%Q3 2025 · Operating margin: +15.6%Q4 2025 · Operating margin: +10.4%Q1 2026 · Operating margin: -1.5%Q2 2026 · Operating margin: +22.9%Q3 2023 · Net margin: +7.4%Q4 2023 · Net margin: -16.0%Q1 2024 · Net margin: -14.0%Q2 2024 · Net margin: -12.9%Q3 2024 · Net margin: -9.3%Q4 2024 · Net margin: +10.0%Q1 2025 · Net margin: +11.1%Q2 2025 · Net margin: -21.5%Q3 2025 · Net margin: +23.5%Q4 2025 · Net margin: +1.8%Q1 2026 · Net margin: -13.6%Q2 2026 · Net margin: +12.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q3 2024: +2.3%Q4 2024: +27.4%Q1 2025: +32.0%Q2 2025: +46.3%Q3 2025: +54.0%Q4 2025: +53.4%Q1 2026: +36.3%Q2 2026: +51.2%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 459.4MQ4 2023: 459.4MQ1 2024: 459.4MQ2 2024: 459.4MQ3 2024: 459.4MQ4 2024: 460.4MQ1 2025: 461.5MQ2 2025: 431.4MQ3 2025: 508.3MQ4 2025: 522MQ1 2026: 526.1MQ2 2026: 542.6MQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: 5.6Q4 2023 · P/E: -1.9Q1 2024 · P/E: -1.2Q2 2024 · P/E: -56.3Q3 2024 · P/E: 2.0Q4 2024 · P/E: 1,384.5Q1 2025 · P/E: -162.2Q2 2025 · P/E: -2.5Q3 2025 · P/E: 49.1Q4 2025 · P/E: 334.9Q1 2026 · P/E: -29.1Q2 2026 · P/E: 35.5Q3 2023 · P/S: 49.6Q4 2023 · P/S: 58.8Q1 2024 · P/S: 57.2Q2 2024 · P/S: 56.8Q3 2024 · P/S: 51.1Q4 2024 · P/S: 49.7Q1 2025 · P/S: 48.0Q2 2025 · P/S: 39.2Q3 2025 · P/S: 46.2Q4 2025 · P/S: 24.6Q1 2026 · P/S: 15.8Q2 2026 · P/S: 17.4Q3 2023Q2 2026
P/EP/S
Revenue
2021: $02022: $388.3M2023: $389.6M2024: $390.2M2025: $571M20212025
Net income
2021: -$33.8K2022: $50.1M2023: $6.1M2024: -$22.7M2025: $24.8M20212025
EBITDA
2021: -$33.8K2022: $69.2M2023: $24.9M2024: -$5.3M2025: $53.9M20212025
Free cash flow
2022: -$62.8M2023: $466.1M2024: $182.8M2025: $561.5M20212025
EPS
2021: -$02022: -$02023: -$0.732024: -$1.132025: $0.0620212025
Cash / Debt
2022 · Cash: $436.2M2022 · Debt: $17.4M2023 · Cash: $372.3M2023 · Debt: $13.1M2024 · Cash: $270.7M2024 · Debt: $15.4M2025 · Cash: $653.2M2025 · Debt: $77.5M20212025
CashDebt
Profitability
2021 · Gross margin: 0.0%2022 · Gross margin: +84.6%2023 · Gross margin: +83.0%2024 · Gross margin: +79.7%2025 · Gross margin: +77.5%2021 · Operating margin: 0.0%2022 · Operating margin: +17.7%2023 · Operating margin: +5.9%2024 · Operating margin: -3.7%2025 · Operating margin: +10.2%2021 · Net margin: 0.0%2022 · Net margin: +12.9%2023 · Net margin: +1.6%2024 · Net margin: -5.8%2025 · Net margin: +4.3%20212025
Gross marginOperating marginNet margin
Revenue growth
2023: +0.3%2024: +0.2%2025: +46.3%20212025
Shares outstanding
2021: 500M2022: 459.4M2023: 459.4M2024: 459.4M2025: 397M20212025
Valuation
2021 · P/E: -99,400.02022 · P/E: -3,510.32023 · P/E: -14.82024 · P/E: -10.32025 · P/E: 129.52021 · P/S: 0.02022 · P/S: 12.02023 · P/S: 12.82024 · P/S: 13.72025 · P/S: 5.420212025
P/EP/S

Refreshed 50m ago

Next catalyst

Catalysts

Earnings
2026-11-19
Revenue est. $213.8M · Updated 50m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.21$793.4M+39%2
FY 20270.30$984.2M+72%2
FY 20280.45$1.1B+101%1
Q1 20270.06$225.6M+41%1
Q2 20270.08$243M+22%1
Q3 20270.08$254.5M+62%1

Company events

6
2026-11-19EarningsActual - / Estimate 0.07-
2026-08-19EarningsActual 0.07 / Estimate 0.05Beat
2026-05-21EarningsActual 0.02 / Estimate 0.04Miss
2026-03-04EarningsActual 0.03 / Estimate 0.05Miss
2025-11-20EarningsActual 0.07 / Estimate 0.02Beat
2025-08-28EarningsActual -1.1 / Estimate --

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
RGTI$5.1B378.4-20.7-1,787.4%6ENPH$4.8B3.635.7+10.1%1BYD$5.7B1.43.4+44.3%9CORZ$5.7B13.1-4.3-325.9%1BB$4.5B7.877.0+10.3%15RIG$5.9B1.4-3.2-40.2%1ONDS$4.3B24.979.2+96.2%16ACHR$4.3B628.6-5.3-11,589.9%2

Embed this asset

BULL perpetuals · perpequities.comBULL perpetuals · perpequities.com
<a href="https://perpequities.com/stocks/bull-perp"><img src="https://perpequities.com/badge/bull-perp.svg" width="240" height="64" alt="BULL perpetuals · perpequities.com" loading="lazy"></a>

Raw data: JSON · CSV · API