On August 21, Webull Corp rose 7.49% in regular trading, trading at $9.5212/share, with turnover of approximately $92.93 million. The stock continued its post-earnings momentum following a strong second-quarter report.
Webull reported Q2 non-GAAP operating net income of $0.05 per share, beating the analyst consensus estimate of $0.03 by approximately 67%. Revenue for the quarter ended June 30 came in at $198.8 million, significantly above the $181.3 million analyst estimate and up from $131.5 million a year earlier, representing over 51% year-over-year growth. The company swung from a loss in the year-ago period to profitability this quarter.
The earnings beat follows a series of positive developments for the online brokerage, including the launch of AI-driven investment tools integrating ChatGPT, Claude, and Grok, a $100 million share buyback program, and an agreement to acquire Pi Securities in Thailand at a valuation of approximately $100 million, expanding its Southeast Asian footprint.
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