Equity Profile

BULL

Webull Corporation

FinancialsInvestment Banking & Brokerage$3.0B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.04

User Growth

An increase in active users can signal strong demand for Webull's services and potential revenue growth.

N/A

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

BULL Q2-2026 Earnings Preview

Context

Company Snapshot

Webull Corporation operates in the financial sector, specifically in investment banking and brokerage. The company provides a platform for trading stocks, options, and cryptocurrencies, catering to retail investors. As more individuals engage in investing, Webull's services become increasingly relevant in a growing market.

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 Q1-2026, Webull reported an EPS of $0.03, beating expectations by 50%. However, the stock declined by 5.44% the following day, indicating mixed market reactions despite the positive earnings surprise.

Management Promises & Guidance

Continue to enhance the trading platform for better user experience.
Focus on expanding user base and increasing trading volume.
Commit to maintaining profitability in a competitive market.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Webull's upcoming earnings, especially given its track record of beating EPS estimates. However, the lack of detailed guidance raises concerns about future growth.

Bull Case

If Webull continues its trend of beating EPS estimates and shows strong user growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing user growth, it could lead to a significant decline in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.04

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

User Growth

N/A

An increase in active users can signal strong demand for Webull's services and potential revenue growth.

Trading Volume

N/A

Higher trading volume typically indicates increased user engagement and can lead to higher revenues for brokerage firms.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of active users compared to last quarter?

User growth is crucial for Webull's revenue potential, and any slowdown could raise red flags for investors.

How has trading volume changed in the last quarter?

Increased trading volume can indicate higher engagement and profitability, which are vital for the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Webull's ability to maintain user growth despite market challenges, as its platform offers unique features that attract new investors.

Supporting Evidence

Webull's recent enhancements to its trading platform could drive user engagement beyond current expectations.

The options market is pricing a large move, suggesting traders anticipate significant news that may not be fully reflected in current consensus.

Past performance shows that Webull has consistently beaten EPS estimates, indicating a potential for continued outperformance.

Key Risk

If user growth exceeds 15%, it could significantly shift market sentiment towards a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user engagement and trading activity, which are critical for sustaining growth.

Bull Confirmed If

User growth of 10% or more quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in trading volume compared to the previous quarter would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.52%

Historical Avg

±3.3%

Pricing rich

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

Options are pricing ±31.5% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

45.5%

Calls (3.3M)P/C Ratio: 0.11Puts (771K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests a potential stock increase of around 1.85% on the following day, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors weigh management's commentary on future growth.

Miss

If Webull misses expectations, history suggests a potential decline of around 5.44%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth metrics and active user engagement.
2Details on trading volume trends and how they compare to previous quarters.
3Any new features or services being introduced to enhance the trading experience.
4Management's outlook on market conditions and competitive landscape.
5Insights into cost management and profitability strategies.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.04

User Growth

An increase in active users can signal strong demand for Webull's services and potential revenue growth.

N/A

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

BULL Q2-2026 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

Management Promises & Guidance

Continue to enhance the trading platform for better user experience.
Focus on expanding user base and increasing trading volume.
Commit to maintaining profitability in a competitive market.

Expectations

Wall Street Expectations

Bull Case

If Webull continues its trend of beating EPS estimates and shows strong user growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing user growth, it could lead to a significant decline in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.04

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

User Growth

N/A

An increase in active users can signal strong demand for Webull's services and potential revenue growth.

Trading Volume

N/A

Higher trading volume typically indicates increased user engagement and can lead to higher revenues for brokerage firms.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of active users compared to last quarter?

User growth is crucial for Webull's revenue potential, and any slowdown could raise red flags for investors.

How has trading volume changed in the last quarter?

Increased trading volume can indicate higher engagement and profitability, which are vital for the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Webull's ability to maintain user growth despite market challenges, as its platform offers unique features that attract new investors.

Supporting Evidence

Webull's recent enhancements to its trading platform could drive user engagement beyond current expectations.

The options market is pricing a large move, suggesting traders anticipate significant news that may not be fully reflected in current consensus.

Past performance shows that Webull has consistently beaten EPS estimates, indicating a potential for continued outperformance.

Key Risk

If user growth exceeds 15%, it could significantly shift market sentiment towards a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user engagement and trading activity, which are critical for sustaining growth.

Bull Confirmed If

User growth of 10% or more quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in trading volume compared to the previous quarter would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.52%

Historical Avg

±3.3%

Pricing rich

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

Options are pricing ±31.5% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

45.5%

Calls (3.3M)P/C Ratio: 0.11Puts (771K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests a potential stock increase of around 1.85% on the following day, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors weigh management's commentary on future growth.

Miss

If Webull misses expectations, history suggests a potential decline of around 5.44%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth metrics and active user engagement.
2Details on trading volume trends and how they compare to previous quarters.
3Any new features or services being introduced to enhance the trading experience.
4Management's outlook on market conditions and competitive landscape.
5Insights into cost management and profitability strategies.