Equity Profile

BULL

Webull Corporation

FinancialsInvestment Banking & Brokerage$3.0B

May21Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:15 PM EDT

Webull Corporation Beats on EPS, Stock Down 5.44%

Metric	Actual	Expected	Surprise
EPS	$0.03	$0.03	+50.00%
Revenue	—	$158M	—

management commentary, guidance changes, and full analysis available with Pro.

Webull Corporation Beats on EPS, Stock Down 5.44%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.03	$0.03	+50.00%
Revenue	—	$158M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based solely on numerical results.

What It Means

Webull Corporation reported earnings that beat expectations on EPS but did not provide revenue figures. The stock reacted negatively, dropping 5.44%, which could indicate investor concerns despite the EPS beat. The lack of revenue data and guidance may have contributed to the stock's decline.

Company Snapshot

Webull Corporation operates in the financial sector, specifically in investment banking and brokerage services. It provides a platform for trading stocks, options, and cryptocurrencies, making it a significant player in the growing online trading space.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$0.03

Revenue

Revenue figures will provide insight into the company's overall sales performance and growth trajectory.

$158M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

60%

Avg EPS Surprise

+136.67%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In the last quarter, Webull reported an EPS of $0.04, exceeding expectations and showcasing strong performance. The stock reacted positively, gaining 1.85% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts have mixed expectations for Webull's upcoming earnings, with a consensus EPS of $0.03 and revenue of $158 million. The company has a history of beating EPS estimates, which could influence market sentiment.

Bull Case

If Webull continues its trend of beating EPS estimates, it could signal strong operational efficiency and attract more investors, potentially driving the stock higher.

Bear Case

Conversely, if Webull fails to meet revenue expectations, it could raise concerns about its growth prospects in a competitive market, leading to a negative reaction.

Key Metrics to Watch

EPS

$0.03

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$158M

Revenue figures will provide insight into the company's overall sales performance and growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.03?

A beat on EPS could reinforce investor confidence and lead to a positive stock reaction.

What will the revenue figure be compared to the consensus of $158M?

Revenue performance is crucial for assessing the company's growth and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Webull's ability to capitalize on increased trading activity, especially among retail investors, which could drive higher revenue than expected.

Supporting Evidence

Webull's recent performance shows a consistent ability to beat EPS estimates, suggesting operational strength.

The options market is pricing in a larger move than historical averages, indicating heightened expectations.

The lack of insider selling suggests management confidence in future performance.

Key Risk

If revenue comes in significantly above $158M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reveal whether Webull can maintain its growth trajectory amid increasing competition.

Bull Confirmed If

An EPS of $0.04 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.02 would confirm the bear case, raising concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±8.76%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±8.8% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

2.1%

30d HV

47.3%

Calls (2.9M)P/C Ratio: 0.27Puts (754K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Financials in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.1%, with a raw directional average of -0.0% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests the stock could rise by around 1.11%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss on earnings could lead to a decline, with historical data suggesting a potential drop of around 2.76%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth and engagement metrics.
2Insights into trading volume trends and how they may impact revenue.
3Management's commentary on competitive pressures in the brokerage space.
4Details on any new product offerings or enhancements to the trading platform.
5Guidance on future earnings expectations and market outlook.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$0.03

Revenue

Revenue figures will provide insight into the company's overall sales performance and growth trajectory.

$158M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

60%

Avg EPS Surprise

+136.67%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In the last quarter, Webull reported an EPS of $0.04, exceeding expectations and showcasing strong performance. The stock reacted positively, gaining 1.85% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Webull continues its trend of beating EPS estimates, it could signal strong operational efficiency and attract more investors, potentially driving the stock higher.

Bear Case

Conversely, if Webull fails to meet revenue expectations, it could raise concerns about its growth prospects in a competitive market, leading to a negative reaction.

Key Metrics to Watch

EPS

$0.03

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$158M

Revenue figures will provide insight into the company's overall sales performance and growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.03?

A beat on EPS could reinforce investor confidence and lead to a positive stock reaction.

What will the revenue figure be compared to the consensus of $158M?

Revenue performance is crucial for assessing the company's growth and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Webull's ability to capitalize on increased trading activity, especially among retail investors, which could drive higher revenue than expected.

Supporting Evidence

Webull's recent performance shows a consistent ability to beat EPS estimates, suggesting operational strength.

The options market is pricing in a larger move than historical averages, indicating heightened expectations.

The lack of insider selling suggests management confidence in future performance.

Key Risk

If revenue comes in significantly above $158M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reveal whether Webull can maintain its growth trajectory amid increasing competition.

Bull Confirmed If

An EPS of $0.04 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.02 would confirm the bear case, raising concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±8.76%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±8.8% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

2.1%

30d HV

47.3%

Calls (2.9M)P/C Ratio: 0.27Puts (754K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 13 of 29 (45%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests the stock could rise by around 1.11%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss on earnings could lead to a decline, with historical data suggesting a potential drop of around 2.76%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth and engagement metrics.
2Insights into trading volume trends and how they may impact revenue.
3Management's commentary on competitive pressures in the brokerage space.
4Details on any new product offerings or enhancements to the trading platform.
5Guidance on future earnings expectations and market outlook.