Webull Shines in First Quarter 2025: Revenue Jumps 32%, Adjusted Operating Profit Soars
Webull, the fintech company known for its innovative trading platform and sophisticated retail customer base, has announced a stellar first quarter of 2025. According to the company's Q1 2025 earnings call transcript reported on May 22, 2025, Webull posted a significant revenue growth, driven by increases in new funded accounts and customer assets.
The company's Group President and U.S. CEO, Anthony Denier, expressed his delight at delivering a strong first quarter with significant revenue and profit growth. "We are proud to have delivered a strong first quarter with 32% year-over-year increase in revenues totaling $117.4 million," he said during the call.
This impressive performance was fueled by higher trading volumes, particularly in options and equities, which helped execute several key strategic initiatives, including overnight equity trading and Options Discover, an internally developed options spread trading tool. The company also generated $28.7 million of adjusted operating profit in the first quarter, a significant increase from last year.
Despite the challenging market environment, Webull continues to see strong growth in customer net deposits, validating the strength of its differentiated platform and technical trading tools. "We continue to see very strong growth in customer net deposits, a validation of the strength of our differentiated platform, the technical trading tools we offer and the strong value proposition we provide our sophisticated retail customers," Denier noted.
Looking ahead, Webull has outlined a clear road map for 2025, focusing on three key growth pillars: broadening product offerings, entering new asset classes, and expanding access globally. The company has already made strides in these areas, introducing Webull Premium, a subscription-based service catering to active traders and long-term investors. This new offering has added more than 40,000 users and $260 million net new AUM in just seven weeks.
Webull also launched prediction contracts with Kalshi, giving customers access to a fast-growing and popular asset class, and partnered with BlackRock to provide best-in-class portfolio solutions to adviser clients. As the company looks to expand its product offering, it is set to build out its fractional fixed income offering in Q2 with the launch of corporate bond trading, and begin supporting mutual funds by the end of the year.
These initiatives demonstrate Webull's commitment to innovation and customer satisfaction, solidifying its position as a leader in the fintech industry. With such a strong start to 2025, investors and analysts will be eagerly watching the company's progress throughout the year.
