Equity Profile

BULL

Webull Corporation

FinancialsInvestment Banking & Brokerage$4.2B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Webull Corporation is a financial services company that provides an online brokerage platform for trading stocks, options, and cryptocurrencies. As part of the financial sector, it plays a role in democratizing investment opportunities for retail investors, especially in a market increasingly focused on digital trading solutions.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and reflects how well it is managing its costs and generating income.

$0.03

Revenue

Total revenue gives insight into the company's sales performance and growth potential, particularly in a competitive brokerage environment.

$183M

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

In Q1 2026, Webull reported an EPS of $0.03, exceeding expectations by 50%. However, the stock saw a decline of 5.44% the following day, indicating market skepticism despite the positive earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Webull to continue its trend of profitability with a consensus EPS of $0.03 and revenue of $183 million. The market is watching closely to see if the company can maintain its earnings momentum.

Bull Case

If Webull exceeds earnings expectations, it could signal strong operational efficiency and growth, potentially leading to increased investor confidence and stock price appreciation.

Bear Case

Conversely, if Webull fails to meet expectations or provides weak guidance, it could raise concerns about its competitive position and profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.03

Earnings per share is a key indicator of the company's profitability and reflects how well it is managing its costs and generating income.

Revenue

$183M

Total revenue gives insight into the company's sales performance and growth potential, particularly in a competitive brokerage environment.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Webull's EPS exceed the consensus estimate of $0.03?

A beat on EPS would reinforce the company's profitability and could boost investor confidence, while a miss might raise concerns.

What will the revenue figure be compared to the consensus of $183 million?

Revenue performance is critical for assessing growth and market competitiveness; any significant deviation could impact stock sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Webull's ability to capture market share in the growing retail trading space, especially if it leverages new features or promotions.

Supporting Evidence

Webull has consistently beaten EPS estimates in recent quarters, indicating stronger-than-expected performance.

The options market is pricing a larger move than historical averages, suggesting that traders are anticipating a significant reaction.

The low put/call ratio indicates bullish sentiment, which may not align with the cautious consensus.

Key Risk

If Webull's revenue exceeds $190 million, it could shift the narrative significantly, challenging the cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Webull's ability to sustain its earnings growth amidst increasing competition in the brokerage space.

Bull Confirmed If

An EPS of $0.04 or higher with revenue exceeding $190 million would confirm the bull case.

Bear Confirmed If

An EPS below $0.02 or revenue below $171 million 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, suggesting that investors are anticipating 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 the stock could see a modest increase, confirming its growth trajectory.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary.

Miss

A miss could lead to a significant drop, with historical patterns indicating a potential average decline of around 1.08%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new features or services that could drive user engagement.
2Insights into customer acquisition costs and retention rates.
3Management's outlook on competitive pressures in the brokerage industry.
4Details on trading volumes and market share changes.
5Any commentary on regulatory impacts affecting the business.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

ePlus inc.

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and reflects how well it is managing its costs and generating income.

$0.03

Revenue

Total revenue gives insight into the company's sales performance and growth potential, particularly in a competitive brokerage environment.

$183M

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

Expectations

Wall Street Expectations

Bull Case

If Webull exceeds earnings expectations, it could signal strong operational efficiency and growth, potentially leading to increased investor confidence and stock price appreciation.

Bear Case

Conversely, if Webull fails to meet expectations or provides weak guidance, it could raise concerns about its competitive position and profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.03

Earnings per share is a key indicator of the company's profitability and reflects how well it is managing its costs and generating income.

Revenue

$183M

Total revenue gives insight into the company's sales performance and growth potential, particularly in a competitive brokerage environment.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Webull's EPS exceed the consensus estimate of $0.03?

A beat on EPS would reinforce the company's profitability and could boost investor confidence, while a miss might raise concerns.

What will the revenue figure be compared to the consensus of $183 million?

Revenue performance is critical for assessing growth and market competitiveness; any significant deviation could impact stock sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Webull's ability to capture market share in the growing retail trading space, especially if it leverages new features or promotions.

Supporting Evidence

Webull has consistently beaten EPS estimates in recent quarters, indicating stronger-than-expected performance.

The options market is pricing a larger move than historical averages, suggesting that traders are anticipating a significant reaction.

The low put/call ratio indicates bullish sentiment, which may not align with the cautious consensus.

Key Risk

If Webull's revenue exceeds $190 million, it could shift the narrative significantly, challenging the cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Webull's ability to sustain its earnings growth amidst increasing competition in the brokerage space.

Bull Confirmed If

An EPS of $0.04 or higher with revenue exceeding $190 million would confirm the bull case.

Bear Confirmed If

An EPS below $0.02 or revenue below $171 million 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, suggesting that investors are anticipating 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 the stock could see a modest increase, confirming its growth trajectory.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary.

Miss

A miss could lead to a significant drop, with historical patterns indicating a potential average decline of around 1.08%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new features or services that could drive user engagement.
2Insights into customer acquisition costs and retention rates.
3Management's outlook on competitive pressures in the brokerage industry.
4Details on trading volumes and market share changes.
5Any commentary on regulatory impacts affecting the business.