Welcome to our dedicated page for Webull SEC filings (Ticker: BULL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Webull Corporation (NASDAQ: BULL) files reports and other documents with the U.S. Securities and Exchange Commission as a foreign private issuer. This SEC filings page for BULL brings those regulatory disclosures together with AI-powered tools that help explain their contents in plain language.
Through filings such as Form 6-K and the Annual Report on Form 20-F, Webull provides information on its financial performance, trading-related revenue, operating expenses, and non-GAAP measures like adjusted operating profit, adjusted net income, and adjusted operating expenses. These documents also describe key operating metrics, including customer assets, funded accounts, options contracts volume, equity notional volume, and registered users, along with definitions that clarify how each metric is calculated and why it matters for the business.
Webull’s filings include discussions of risk factors and forward-looking statements, addressing topics such as reliance on trading-related income, exposure to market volatility and interest rates, dependence on market makers and liquidity providers, regulatory considerations around practices like payment for order flow, global expansion risks, cybersecurity and data privacy, and developments in cryptocurrency markets. The company also discloses information about its regulatory status, including that Webull Financial LLC is registered with the SEC and CFTC and is a member of FINRA, NFA, and SIPC, and that advisory services are provided by Webull Advisors LLC.
On this page, AI-generated summaries highlight the most important points from Webull’s 6-Ks, 20-F, and related exhibits, helping users quickly understand changes in revenues, profitability, capital position, and risk disclosures without reading every line of each filing. Investors can also review insider- and executive-related filings, when available, to monitor equity-based compensation, ownership changes, and other governance matters associated with BULL.
Webull Corp director William A. Houlihan filed an initial ownership report showing 12,500 restricted share units (RSUs). These RSUs relate to Class A Ordinary Shares. According to the disclosure, 100% of the 12,500 RSUs will vest on April 10, 2026, if he continues in service through that date. Each RSU represents a contingent right to receive one Class A Ordinary Share upon vesting, so this filing mainly outlines his starting equity-based compensation position rather than any open‑market trading activity.
Webull Corp director and General Counsel James Benjamin Worthy filed an initial statement of beneficial ownership, reporting his equity interests in the company. As of March 17, 2026, he directly holds 1,201,264 Class A Ordinary Shares and multiple restricted share-based awards.
The reported securities include 150,000 restricted shares that are scheduled to vest in full on January 1, 2028, if he continues in service. He also holds restricted share units representing 83,982 and 201,558 underlying Class A Ordinary Shares. For these RSUs, portions are already fully vested, with remaining tranches scheduled to vest on January 1, 2027 and on January 1, 2027 and 2028, respectively, and settling in shares or cash at the board committee’s discretion.
Webull Corp’s Chief Executive Officer Anquan Wang filed an initial ownership report showing substantial indirect control of the company’s shares. Through Water Castle Az Inc., he indirectly holds 100,158,736 Class B Ordinary Shares, each convertible into one Class A Ordinary Share with no expiration date, plus 200,000 Class A Ordinary Shares.
The filing also describes significant equity incentives. Wang has 5,433,243 restricted Class B share units, of which 301,846 are already vested and the remainder vest in 34 equal monthly installments beginning on March 31, 2026, subject to continued service. He also holds 10,866,488 performance restricted Class B share units that vest in 25% increments when the 60-day volume-weighted average trading price of Webull’s Class A Ordinary Shares reaches $15, $20, $25, and $30, respectively, with any unvested performance units expiring on February 24, 2031.
Webull Corp director and CFO Wang Haichen filed an initial ownership report showing a sizable equity stake. He holds 1,121,097 Class A Ordinary Shares directly, plus 827,046 shares held by his spouse and 137,926 shares held through Webull Partners Limited.
He also holds restricted share units tied to 134,372 and 167,965 underlying Class A Ordinary Shares. Footnotes note that 200,000 restricted shares will vest in full on January 1, 2028, and that the RSUs vest over time, subject to his continued service.
Webull Corporation files Prospectus Supplement No. 2 registering up to 75,159,236 Webull Class A Ordinary Shares for resale.
The supplement incorporates a Form 6-K dated March 4, 2026 that includes a press release and investor presentation reporting full‑year 2025 revenue of $570,996,806 (rounded in the press release to $571 million) and net deposits of $8.6 billion. The supplement updates the prior Prospectus and remains subject to the Registration Statement and its terms.
Webull Corporation files Prospectus Supplement No. 2 registering up to 75,159,236 Webull Class A Ordinary Shares for resale.
The supplement incorporates a Form 6-K dated March 4, 2026 that includes a press release and investor presentation reporting full‑year 2025 revenue of $570,996,806 (rounded in the press release to $571 million) and net deposits of $8.6 billion. The supplement updates the prior Prospectus and remains subject to the Registration Statement and its terms.
Webull Corporation filed a prospectus supplement registering up to 147,445,012 Class A ordinary shares for resale by selling securityholders, and separately registering up to 17,271,990 Class A ordinary shares issuable upon exercise of outstanding warrants exercisable at $11.50 per share (subject to adjustment). This supplement incorporates a Form 6-K reporting fourth-quarter and full-year 2025 results.
The company reported $571.0 million in revenue for 2025 and $8.6 billion in net deposits. Financials show positive adjusted operating profit metrics and growth in funded accounts and customer assets, alongside GAAP-level items that produced a large net loss attributable to ordinary shareholders in 2025.
Webull Corporation filed a prospectus supplement registering up to 147,445,012 Class A ordinary shares for resale by selling securityholders, and separately registering up to 17,271,990 Class A ordinary shares issuable upon exercise of outstanding warrants exercisable at $11.50 per share (subject to adjustment). This supplement incorporates a Form 6-K reporting fourth-quarter and full-year 2025 results.
The company reported $571.0 million in revenue for 2025 and $8.6 billion in net deposits. Financials show positive adjusted operating profit metrics and growth in funded accounts and customer assets, alongside GAAP-level items that produced a large net loss attributable to ordinary shareholders in 2025.
Webull Corporation reported its first full year of results as a public company, highlighting record revenue and strong growth in client assets. Full-year 2025 revenue reached $571 million, a 46% increase from 2024, driven mainly by higher equity and options order flow rebates, interest income, and handling charges.
The company generated net income attributable to the Company of $24.8 million in 2025, compared with a loss in 2024, although preferred-share related items led to a net loss attributable to ordinary shareholders of $487.5 million or $1.23 per share. On a non-GAAP basis, adjusted net income was $84.2 million and adjusted operating profit was $110.3 million, with adjusted operating expenses of $460.7 million.
Operationally, Webull reported record net deposits of $8.6 billion, a 91% increase, and customer assets of $24.6 billion. Funded accounts rose to 5.03 million, and trading activity reached new highs across equities and options, supporting a 56% year-over-year increase in trading-related revenues in the fourth quarter.
Webull Corporation reported its first full year of results as a public company, highlighting record revenue and strong growth in client assets. Full-year 2025 revenue reached $571 million, a 46% increase from 2024, driven mainly by higher equity and options order flow rebates, interest income, and handling charges.
The company generated net income attributable to the Company of $24.8 million in 2025, compared with a loss in 2024, although preferred-share related items led to a net loss attributable to ordinary shareholders of $487.5 million or $1.23 per share. On a non-GAAP basis, adjusted net income was $84.2 million and adjusted operating profit was $110.3 million, with adjusted operating expenses of $460.7 million.
Operationally, Webull reported record net deposits of $8.6 billion, a 91% increase, and customer assets of $24.6 billion. Funded accounts rose to 5.03 million, and trading activity reached new highs across equities and options, supporting a 56% year-over-year increase in trading-related revenues in the fourth quarter.
Webull Corp received an updated ownership report on its Class A Ordinary Shares from three Guernsey-based entities: HS Investments IV Ltd, HS Investments IV C L.P., and Hedosophia Partners IV GP Limited. The filing shows these institutional investors each now hold 5 percent or less of this share class.
HS Investments IV Ltd reports beneficial ownership of 15,060,036 shares, or 3.60% of the class, all with shared voting and dispositive power. HS Investments IV C L.P. reports 7,810,349 shares, or 1.87%, and Hedosophia Partners IV GP Limited reports 6,315,940 shares, or 3.38%, each also with only shared voting and dispositive power.
The board members of Hedosophia Partners IV GP Limited expressly disclaim beneficial ownership of its portfolio securities, and each reporting entity disclaims beneficial ownership of shares held by the others.
Hillhouse Investment Management, Ltd. filed an amended Schedule 13G reporting beneficial ownership of 5,974,604 Class A Ordinary Shares of Webull Corp, representing 1.4% of the class. This percentage is based on 417,957,827 Class A shares outstanding as of September 30, 2025, as referenced from a company prospectus.
The shares are held through WBL Holding L.P. and WBL2 Holdings Limited, which are wholly owned by Hillhouse Focused Fund Growth V, L.P., for which Hillhouse acts as sole management company. Hillhouse reports sole voting and dispositive power over all 5,974,604 shares and confirms ownership of 5 percent or less of the class.
Webull Corp received an updated ownership report showing several China-based Bojiang-affiliated investment entities and individual Tian Luo as significant holders of its Class A ordinary shares. The event date triggering the filing is December 31, 2025.
Lishui Bojiang Chuangfu 2nd Equity Investment Partnership and Anji Boye Investment Partnership each report beneficial ownership of 8,258,961 Class A shares, or 2.0% of the class. Changxing Boyi Equity Investment Fund Management Centre reports 5,345,649 shares, or 1.3%.
Through their roles as general partner and controlling owner of these funds, Shanghai Bojiang Investment Management Co., Ltd., Bojiang Group Co., Ltd. and Tian Luo each report indirect beneficial ownership of 21,863,571 Class A shares, representing 5.2% of the outstanding class, based on 417,957,827 Class A shares outstanding as of September 30, 2025. The reporting persons state they expressly disclaim status as a group for this amendment.