Webull Corporation’s shares were trading at $9.20 on December 1st with a trailing P/E of 92.99. In the second quarter of 2025, the company reported a 46% year-over-year revenue increase to $131M, driven by strong trading and net interest income. Client assets reached $15.9B, with 4.7M funded accounts and DARTs over 1M.

The company saw adjusted operating expenses rise 21% sequentially to $117M, compressing operating margins to 11.2%. Adjusted net income was $7M, an improvement from a loss a year ago. Webull Premium subscription has 75k subscribers driving asset inflows. Management noted a strong start to the third quarter, with AUM surpassing $18B.

Webull is expanding globally and reintroducing crypto products, with plans for a Netherlands launch. The company continues to show strong execution, positive adjusted operating income for three consecutive quarters, and improving profitability. While not among the 30 Most Popular Stocks Among Hedge Funds, 24 hedge fund portfolios held Webull at the end of the second quarter.

The Diversified Fins Analyst shares a bullish thesis on Webull, focusing on client growth and crypto expansion. Webull Corporation is demonstrating growth and improving profitability with strong asset growth and product ecosystem expansion. The company’s stock price has appreciated by approximately 187.94% since the coverage of a bullish thesis on Robinhood Markets, Inc. in March 2025.

Read more at Yahoo Finance: Webull Corporation (BULL): A Bull Case Theory