Webull Corporation filings document the reporting framework for a foreign private issuer that operates a global digital investment and brokerage platform. Form 6-K reports furnish earnings releases, investor presentations, share repurchase disclosures, financing agreement updates and other current information that may be incorporated into registration statements.
The company’s disclosure record also includes annual reporting on Form 20-F and registration statements such as Form S-8 and Form F-3. These filings address audited financial statements, securities registration matters, Class A ordinary share capital actions, governance, forward-looking statement qualifications and risk factors tied to technology infrastructure, third-party systems, security events, global operations and regulatory environments.
Webull Corporation filed a prospectus supplement tied to its Form F-1 registration, covering the offer and sale of up to 75,159,236 Class A ordinary shares under a standby equity purchase agreement and related commitment shares. The supplement incorporates a new Form 6-K reporting strong third quarter 2025 results.
For the quarter ended September 30, 2025, total revenues rose 55% year over year to $156.9 million, while net income attributable to the company was $36.9 million, compared with a loss a year earlier. Adjusted operating profit reached $36.8 million, versus an adjusted operating loss of $5.4 million in the prior-year quarter, as adjusted operating expenses grew 13% to $120.2 million, well below revenue growth.
Customer assets climbed to $21.2 billion, up 84% year over year, supported by $5.9 billion of net deposits over the last twelve months and the Webull Pay acquisition. Trading activity was robust, with equity notional volume of $204 billion (up 71%) and 147 million options contracts (up 24%), helping drive higher trading-related and interest-related income while maintaining profitability.
Webull Corporation updates its F-1 prospectus supplement covering up to 147,445,012 Webull Class A ordinary shares and reports strong results for the quarter ended September 30, 2025. Total revenues reached $156.9 million, up 55% year over year, driven by higher equity and options order flow rebates, interest-related income and handling charges. The company generated net income attributable to the company of $36.9 million, compared with a loss a year earlier, and non-GAAP adjusted operating profit of $36.8 million with a 23.4% margin.
Adjusted operating expenses were $120.2 million, up 13% year over year as higher brokerage, transaction and compensation costs were partly offset by lower marketing spend. Customer assets rose to $21.2 billion, an 84% increase year over year, supported by a broad market recovery and strong net deposits. Equity notional trading volume grew 71% to $204 billion, and options contracts volume increased 24% to 147 million. Total assets were $3.49 billion, with total equity of $999.1 million, marking a shift from a shareholders’ deficit at December 31, 2024.
Webull Corporation (BULL) furnished a Form 6-K noting that on November 20, 2025 it issued a press release reporting financial results for the three months ended September 30, 2025 and posted an investor presentation on its website. These materials are attached as Exhibits 99.1 and 99.2 and are incorporated by reference into its Form S-8 registration statement.
The report also provides extensive forward-looking statements and a detailed list of risk factors. Key risks include the ability to grow profitably while retaining users and key employees, heavy reliance on trading-related income such as payment for order flow, exposure to interest rate and market volatility, dependence on a limited number of market makers and liquidity providers, and complex global regulatory and political environments, including inquiries and investigations in the United States related to connections to China. Additional risks cover cybersecurity and data privacy, maintaining required regulatory capital and stock exchange listing standards, cryptocurrency market disruptions, and potential dilution and price volatility from the offer and resale of securities and warrant exercises.