Webull Corp (NASDAQ:BULL) reported second-quarter financial results after the market close on Wednesday. Here’s a rundown of the report.
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Webull Q2 Highlights
Webull reported second-quarter revenue of $198.83 million, beating estimates of $181.26 million, according to Benzinga Pro. The brokerage platform company posted second-quarter adjusted earnings of five cents per share, beating estimates of 3 cents per share.
Total revenue grew 51% year-over-year and 24% sequentially. Customer assets grew 79% year-over-year to $28.5 billion at quarter’s end, driven by net deposits, which grew 7% year-over-year. Registered users increased 13% year-over-year to 28.2 million and funded accounts rose 8% to 5.13 million.
