Page: Company Financials
Webull Corporation Warrants
$2.78
-0.25 (-8.25%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Stock Price | 14.79 | 11.96 | 12.98 | 11.73 | 11.73 | 11.73 |
| Market Capitalization | 7,248.64M | 5,159.42M | 6,012.59M | 5,391.39M | 5,388.33M | 6,049.75M |
| (-) Cash & Equivalents | 2,050.07M | 476.68M | 941.41M | 327.41M | 192.99M | 0.89M |
| (+) Total Debt | 112.75M | 112.99M | 79.82M | 19.82M | 8.98M | 3.95M |
| Enterprise Value | 5,311.32M | 4,795.74M | 5,150.99M | 5,083.80M | 5,204.32M | 6,052.80M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 514M | 367M | 390M | 390M | 388M |
| Cost of Revenue | 116M | 74M | 79M | 66M | 60M |
| Gross Profit | 397M | 293M | 311M | 323M | 329M |
| Gross Profit Margin | 77.4% | 79.8% | 79.7% | 83.0% | 84.6% |
| R&D Expenses | 54M | 59M | 64M | 52M | 47M |
| SG&A Expenses | 189M | 268M | 255M | 243M | 210M |
| Operating Expenses | 244M | 336M | 325M | 300M | 260M |
| Operating Income (EBIT) | 153M | -44M | -14M | 23M | 69M |
| Operating Income Margin | 29.8% | -11.9% | -3.7% | 5.9% | 17.7% |
| Interest Income | 0M | 0M | 0M | 0M | 1M |
| Interest Expense | 0M | 0M | 0M | 0M | 0M |
| Net Interest Income | 0M | 0M | 0M | 0M | 1M |
| Unusual Items | -99M | -2M | 2M | -3M | -4M |
| EBT Excluding Unusual Items | 153M | -44M | -14M | 23M | 70M |
| Pre-Tax Income | 54M | -46M | -12M | 20M | 66M |
| Pre-Tax Margin | 10.6% | -12.5% | -3.1% | 5.2% | 16.9% |
| Income Tax Expense | 25M | 2M | 14M | 16M | 32M |
| Net Income | 32M | -47M | -23M | 6M | 50M |
| Net Income Margin | 6.3% | -12.8% | -5.8% | 1.6% | 12.9% |
| Depreciation & Amortization | 2M | 4M | 7M | 5M | 4M |
| EBITDA | 155M | -39M | -8M | 28M | 72M |
| EBITDA Margin | 30.2% | -10.7% | -2.0% | 7.1% | 18.6% |
| NOPAT | 83M | -34M | -11M | 5M | 35M |
| NOPAT Margin | 16.1% | -9.4% | -2.9% | 1.2% | 9.0% |
| Owner's Earnings | 33M | -47M | -18M | 6M | 22M |
| Owner's Earnings Margin | 6.4% | -12.7% | -4.7% | 1.6% | 5.7% |
| EPS (Basic) | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (Diluted) | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares (Basic) | 123M | 0M | 0M | 0M | 0M |
| Shares (Diluted) | 127M | 0M | 0M | 0M | 0M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | 2,050.07M | 476.68M | 270.73M | 372.34M | 436.22M |
| Short-Term Investments | 0.00M | 127.46M | 108.25M | 45.53M | 0.49M |
| Cash & Short-Term Investments | 2,050.07M | 604.14M | 378.98M | 417.87M | 436.71M |
| Net Receivables | 1,041.40M | 613.92M | 592.67M | 101.44M | 59.55M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Assets | -3,091.47M | 1,273.10M | 960.11M | 663.36M | 529.32M |
| Total Current Assets | 0.00M | 2,491.16M | 1,931.76M | 1,182.67M | 1,025.57M |
| Property, Plant & Equipment | 96.62M | 97.09M | 99.92M | 46.21M | 44.43M |
| Goodwill | 30.26M | 5.20M | 5.20M | 5.20M | 0.00M |
| Intangible Assets | 0.00M | 20.48M | 19.42M | 21.40M | 18.04M |
| Long-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Assets | 1.47M | 9.73M | 12.37M | 4.65M | 3.65M |
| Other Non-Current Assets | -184.65M | 1.00M | 0.00M | 0.02M | 0.00M |
| Other Assets | 3,488.53M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 3,432.24M | 133.49M | 136.91M | 77.47M | 66.12M |
| Total Assets | 3,432.24M | 2,624.65M | 2,068.67M | 1,260.14M | 1,091.68M |
| Accounts Payable | 0.00M | 1,693.55M | 1,388.29M | 640.17M | 82.86M |
| Short-Term Debt | 3.36M | 3.38M | 4.97M | 3.47M | 2.51M |
| Tax Payables | 0.00M | 0.00M | 2.27M | 0.41M | 2.20M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.26M |
| Other Current Liabilities | 2,362.95M | 59.88M | 50.63M | 36.46M | 475.27M |
| Total Current Liabilities | 2,366.31M | 1,756.80M | 1,446.17M | 680.51M | 563.11M |
| Long-Term Debt | 109.39M | 109.62M | 10.44M | 9.59M | 9.63M |
| Capital Lease Obligations | 9.39M | 12.99M | 15.41M | 13.07M | 12.14M |
| Deferred Tax Liabilities | 13.76M | 5.68M | 5.29M | 5.77M | 5.45M |
| Other Non-Current Liabilities | -123.16M | 0.00M | 2,861.75M | 2,326.36M | 1,966.28M |
| Total Non-Current Liabilities | 9.39M | 128.29M | 2,892.89M | 2,354.80M | 1,993.50M |
| Total Liabilities | 2,375.70M | 1,885.08M | 4,339.05M | 3,035.31M | 2,556.60M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 0.01M | 0.00M | 0.01M | 0.01M | 0.00M |
| Retained Earnings | -2,181.23M | -2,231.78M | -2,241.07M | -1,755.92M | -1,444.26M |
| Accumulated OCI | -5.68M | -4.23M | -15.20M | -6.86M | -8.52M |
| Minority Interest | 0.21M | 1.00M | 1.27M | 0.66M | 0.00M |
| Total Shareholders’ Equity | -2,186.91M | -2,236.00M | -2,256.25M | -1,762.77M | -1,452.78M |
| Total Equity | -2,186.70M | -2,235.00M | -2,254.98M | -1,762.11M | -1,452.78M |
| Total Liabilities & Equity | 189.01M | -349.92M | 2,084.08M | 1,273.21M | 1,103.82M |
| Tangible Assets | 3,401.97M | 2,598.97M | 2,044.06M | 1,233.54M | 1,073.64M |
| Tangible Equity | -2,216.96M | -2,260.68M | -2,279.59M | -1,788.70M | -1,470.82M |
| Tangible Book Value | -2,216.96M | -2,260.68M | -2,279.59M | -1,788.70M | -1,470.82M |
| Total Investments | 0.00M | 127.46M | 108.25M | 45.53M | 0.49M |
| Net Debt | -1,937.32M | -363.69M | -255.32M | -359.27M | -424.08M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Working Capital | -2,366.3M | 734.4M | 485.6M | 502.2M | 462.5M |
| Total Capital | 1,111.6M | 864.5M | -2,240.8M | -1,749.7M | -1,440.6M |
| Capital Employed | 1,122.2M | 867.9M | 622.5M | 579.6M | 528.6M |
| Invested Capital | -938.5M | 387.9M | -2,511.6M | -2,122.0M | -1,876.9M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Net Income | -14.14M | -30.48M | -23.18M | 5.82M | 50.08M |
| Depreciation & Amortization | 1.72M | 3.30M | 3.51M | 2.78M | 1.42M |
| Deferred Income Tax | -4.67M | -2.11M | -7.74M | -1.08M | -5.43M |
| Stock-Based Compensation | 47.02M | 33.33M | 32.59M | 29.41M | 30.02M |
| Change in Working Capital | 110.98M | 285.82M | 178.90M | 433.33M | -108.02M |
| Accounts Receivable | -144.82M | -39.93M | 264.63M | 519.63M | 3.16M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Accounts Payable | 0.00M | 0.00M | 11.98M | -13.75M | -94.98M |
| Other Working Capital | 255.80M | 325.75M | -97.71M | -72.55M | -16.21M |
| Other Non-Cash Items | -18.32M | -0.20M | 1.15M | 0.34M | 0.71M |
| Net Cash from Operating Activities | 122.58M | 289.65M | 185.22M | 470.60M | -31.21M |
| Capital Expenditures (PPE) | -1.44M | -2.52M | -2.41M | -4.54M | -31.55M |
| Acquisitions (Net) | 0.00M | -3.95M | 0.00M | -5.50M | -0.11M |
| Purchases of Investments | 0.00M | 0.00M | 0.00M | 0.00M | -1.01M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.24M |
| Other Investing Activities | 0.00M | -1.54M | 0.00M | 0.00M | 0.00M |
| Net Cash from Investing Activities | -1.44M | -8.02M | -2.41M | -10.04M | -32.43M |
| Net Debt Issuance | 0.00M | 0.64M | 0.00M | 0.00M | -10.84M |
| Long-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | -10.84M |
| Short-Term Debt Issuance | 0.00M | 0.64M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | -3.66M | 40.30M | 40.30M | 20.00M | 18.73M |
| Common Stock Issuance | 0.00M | 0.00M | 40.35M | 20.00M | 10.00M |
| Common Stock Repurchased | -3.66M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 40.30M | 40.30M | 20.00M | 18.72M |
| Net Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | 3.66M | -7.76M | 0.05M | -7.16M | 10.00M |
| Net Cash from Financing Activities | 0.00M | 33.18M | 40.35M | 12.84M | 17.89M |
| Effect of FX on Cash | -4.57M | 3.69M | -7.33M | 2.45M | -5.45M |
| Net Change in Cash | 116.57M | 318.50M | 215.82M | 475.85M | -51.20M |
| Cash at Beginning of Period | 2,273.67M | 3,725.41M | 994.14M | 518.30M | 569.50M |
| Cash at End of Period | 2,390.25M | 4,043.91M | 1,209.96M | 994.14M | 518.30M |
| Operating Cash Flow | 122.58M | 289.65M | 185.22M | 470.60M | -31.21M |
| Capital Expenditure | -1.44M | -4.07M | -2.41M | -4.54M | -31.55M |
| Free Cash Flow | 121.14M | 287.13M | 182.80M | 466.05M | -62.76M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| EBITDA | 28.58M | -4.45M | -1.01M | 32.33M | 75.56M |
| (-) Tax Adjustment | 10.00M | 0.00M | 0.00M | 11.32M | 26.44M |
| (-) Change In Working Capital | 110.98M | 285.82M | 178.90M | 433.33M | -108.02M |
| (-) Capital Expenditure | -1.44M | -4.07M | -2.41M | -4.54M | -31.55M |
| Unlevered Free Cash Flow | -93.85M | -294.34M | -182.32M | -416.86M | 125.58M |
| (-) Net Interest Income After Taxes | 0.00M | 0.00M | -0.12M | 0.00M | 0.92M |
| Net Debt Issuance | 0.00M | 0.64M | 0.00M | 0.00M | -10.84M |
| Levered Free Cash Flow | -93.85M | -293.69M | -182.20M | -416.86M | 113.82M |