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Investing.com -- Webull Corporation (NASDAQ:BULL) saw its shares rise 2.7% after reporting a 46% year-over-year increase in revenue for the second quarter of 2025, as the company benefited from increased trading activity and customer growth in its first quarter as a public company.
The online brokerage reported total revenue of $131.5 million for the quarter ended June 30, up from $90 million in the same period last year. The company posted a net loss of $1.20 per share compared to a loss of $0.16 per share in the year-ago quarter, though the wider loss was primarily due to accounting for securities issued in connection with its recent business combination.
Trading-related revenue surged 63% YoY, while customer assets reached an all-time high of $15.9 billion, representing 64% growth from the previous year. The company’s funded accounts increased 9% YoY to 4.73 million, and registered users grew 18% to 24.9 million.
"We delivered strong business results in our first quarter as a public company, with three consecutive quarters of operating profitability and customer assets at an all-time high, underpinned by substantial growth in trading volumes and net deposits," said Anthony Denier, Group President and U.S. CEO of Webull.
The company’s adjusted operating profit totaled $23.3 million for the quarter, a significant improvement from the previous year. Equity notional volume grew to $161 billion, a 58% YoY increase, while options contracts volume grew 8% YoY to $127 million.
H.C. Wang, Chief Financial Officer of Webull, noted, "We maintained last quarter’s positive momentum with accelerating revenue growth well ahead of expense growth, driving another quarter of solid operating profits."
The company has been expanding its product offerings, recently re-launching cryptocurrency trading for U.S. customers and entering new markets in Latin America. Webull also raised over $200 million from warrant exercises in the second quarter and established a $1 billion standby equity purchase agreement in July.
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