Gold prices hold sharp gains as soft US jobs data fuels Fed rate cut bets
ST. PETERSBURG, Fla. - Webull Corporation (NASDAQ:BULL) reported a narrower first quarter loss on Thursday as revenue surged 32% YoY, but shares fell 2.9% following the results.
The digital investment platform posted a Q1 loss of $0.06 per share, compared to a loss of $7.98 per share in the same quarter last year. Revenue jumped to $117.4 million from $88.9 million a year ago.
Webull’s trading-related revenue increased 52% YoY, while customer assets grew 45% to $12.6 billion, driven by strong net deposits which rose 66% YoY.
"We are proud to have delivered a very strong first quarter, driven by significant account and trading volume growth that reflects continued demand for Webull’s differentiated trading platform," said Anthony Denier, Webull’s Group President and U.S. CEO.
The company reported 24.1 million registered users, up 17% YoY, and 4.7 million funded accounts, a 10% YoY increase. Daily average revenue trades (DARTs) grew 44% to 924,000.
"We continue to see strong account growth as our global teams execute on our strategy in 2025 to address and meet the long-term investing needs of individual investors around the world," said H.C. Wang, Group CFO of Webull.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.