Webull Corporation Q1 2026 Financial Results

Webull Corporation reported its financial results for the first quarter ended March 31, 2026. Total revenues increased by 36% year-over-year to $159.9 million, driven by a 36% increase in trading-related revenue. However, total operating expenses rose by 68% year-over-year to $162.3 million, primarily due to increased marketing, transaction costs, and share-based compensation. The company reported a net loss of $21.7 million for the quarter, compared to a net income of $13.1 million in the prior year. Adjusted operating profit was $14.8 million, down from $28.7 million in Q1 2025. Key operational highlights include a 90% year-over-year growth in customer assets to $24 billion, a 15% increase in registered users to 27.6 million, and a 42% increase in Daily Average Revenue Trades (DARTs) to 1.3 million. The company also highlighted strategic progress in developing AI-enabled tools, expanding its international presence with a license to operate across the European Economic Area, and receiving approval for self and correspondent clearing in the US.