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Webull Corporation: 20-F filed 2026-04-09

What Webull Corporation reported in its annual report (foreign private issuer) filed 2026-04-09 (fiscal FY 2025): 53 published measures, 134 facts as tagged in accession 0001213900-26-041653.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2026-04-09
Fiscal period
fiscal FY 2025
Accession
0001213900-26-041653 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Webull Corporation filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2025-12-313,880,871,303USD
At 2024-12-312,068,669,417USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2025-12-312,864,391,356USD
At 2024-12-311,461,896,235USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2025-12-311,016,292,713USD
At 2024-12-31-2,256,248,639USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2025-12-31653,188,906USD
At 2024-12-31270,728,008USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2025-01-01 to 2025-12-3124,770,704USD365
2024-01-01 to 2024-12-31-22,693,648USD366
2023-01-01 to 2023-12-316,069,284USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2025-01-01 to 2025-12-31566,424,456USD365
2024-01-01 to 2024-12-31185,215,389USD366
2023-01-01 to 2023-12-31470,596,832USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2025-01-01 to 2025-12-314,887,272USD365
2024-01-01 to 2024-12-312,412,229USD366
2023-01-01 to 2023-12-314,543,933USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2025-01-01 to 2025-12-31352,081,756USD365
2024-01-01 to 2024-12-3140,346,273USD366
2023-01-01 to 2023-12-3112,837,018USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2025-01-01 to 2025-12-3145,502,881USD365
2024-01-01 to 2024-12-31-2,412,229USD366
2023-01-01 to 2023-12-31-10,039,796USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2025-12-31-2,178,189,845USD
At 2024-12-31-2,241,054,086USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2025-01-01 to 2025-12-31396,999,679shares365
2024-01-01 to 2024-12-31138,828,900shares366
2023-01-01 to 2023-12-31137,965,591shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2025-01-01 to 2025-12-31396,999,679shares365
2024-01-01 to 2024-12-31138,828,900shares366
2023-01-01 to 2023-12-31137,965,591shares365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-1.23USD/shares365
2024-01-01 to 2024-12-31-3.73USD/shares366
2023-01-01 to 2023-12-31-2.42USD/shares365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-1.23USD/shares365
2024-01-01 to 2024-12-31-3.73USD/shares366
2023-01-01 to 2023-12-31-2.42USD/shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2025-01-01 to 2025-12-3120,832,451USD365
2024-01-01 to 2024-12-3113,823,355USD366
2023-01-01 to 2023-12-3116,140,571USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2025-12-3135,894,855USD
At 2024-12-3133,629,770USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2025-01-01 to 2025-12-3143,872,899USD365
2024-01-01 to 2024-12-3132,587,611USD366
2023-01-01 to 2023-12-3129,411,885USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2025-12-313,684,573,101USD
At 2024-12-311,931,757,996USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2025-12-312,777,113,313USD
At 2024-12-311,446,165,425USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2025-12-3119,027,559USD
At 2024-12-319,666,387USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2025-12-3130,264,138USD
At 2024-12-315,197,438USD
At 2023-12-315,197,438USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2025-12-311,202,773USD
At 2024-12-31495,396USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2025-12-315,570,354USD
At 2024-12-313,771,645USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2025-01-01 to 2025-12-31512,523,187USD365
2024-01-01 to 2024-12-31404,582,940USD366
2023-01-01 to 2023-12-31366,623,191USD365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2025-01-01 to 2025-12-3135,522,819USD365
2024-01-01 to 2024-12-3132,699,364USD366
2023-01-01 to 2023-12-3131,955,946USD365

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2025-12-31653,188,906USD
At 2024-12-31270,728,008USD
At 2023-12-31372,340,353USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2025-12-311,524,496USD
At 2024-12-31-15,195,946USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2025-12-311,016,479,947USD
At 2024-12-31-2,254,975,551USD
At 2023-12-31-1,762,107,189USD
At 2022-12-31-1,452,780,809USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2025-12-3164,357,655USD
At 2024-12-3166,293,751USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2025-12-3112,523,016USD
At 2024-12-3115,408,514USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2025-12-319,505,232USD
At 2024-12-316,906,788USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2025-12-3155,434,567USD
At 2024-12-3119,415,963USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2025-12-311,000,000USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2025-12-3150,208,272USD
At 2024-12-3150,344,836USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2025-12-312,667,837,626USD
At 2024-12-311,378,625,130USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2025-12-3111,956,140USD
At 2024-12-3115,907,006USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2025-12-3113,366,222USD
At 2024-12-315,292,255USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2025-01-01 to 2025-12-3145,198,480USD365
2024-01-01 to 2024-12-31-12,050,575USD366
2023-01-01 to 2023-12-3120,178,094USD365

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2025-01-01 to 2025-12-3124,366,029USD365
2024-01-01 to 2024-12-31-23,182,152USD366
2023-01-01 to 2023-12-315,821,988USD365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-470,798,882USD365
2024-01-01 to 2024-12-31-526,117,831USD366
2023-01-01 to 2023-12-31-332,347,963USD365

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-487,519,324USD365
2024-01-01 to 2024-12-31-517,781,686USD366
2023-01-01 to 2023-12-31-334,010,716USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2025-01-01 to 2025-12-31168,642,689USD365
2024-01-01 to 2024-12-31122,714,628USD366
2023-01-01 to 2023-12-3195,789,803USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2025-01-01 to 2025-12-312,572,449USD365
2024-01-01 to 2024-12-313,010,300USD366
2023-01-01 to 2023-12-312,675,628USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2025-01-01 to 2025-12-31630,063USD365
2024-01-01 to 2024-12-31496,095USD366
2023-01-01 to 2023-12-31102,848USD365

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2025-01-01 to 2025-12-315,461,931USD365
2024-01-01 to 2024-12-31122,778USD366

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-13,275,139USD365
2024-01-01 to 2024-12-312,302,693USD366
2023-01-01 to 2023-12-31-2,801,285USD365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2025-01-01 to 2025-12-31-13,275,139USD365
2024-01-01 to 2024-12-312,302,693USD366
2023-01-01 to 2023-12-31-2,801,285USD365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2025-01-01 to 2025-12-3117,794,761USD365
2024-01-01 to 2024-12-3121,566,958USD366
2023-01-01 to 2023-12-3117,223,804USD365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2025-01-01 to 2025-12-313,037,690USD365
2024-01-01 to 2024-12-31-7,743,603USD366
2023-01-01 to 2023-12-31-1,083,233USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2025-01-01 to 2025-12-313,470,239USD365
2024-01-01 to 2024-12-3126,042USD366

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2025-01-01 to 2025-12-3112,038,098USD365
2024-01-01 to 2024-12-3115,965,370USD366
2023-01-01 to 2023-12-3119,474,921USD365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2025-01-01 to 2025-12-31172,730,294USD365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2025-01-01 to 2025-12-314,284,712USD365
2024-01-01 to 2024-12-3147,136,626USD366
2023-01-01 to 2023-12-313,349,052USD365

Inspect the source

Entity
Webull Corporation / CIK 0001866364
Captured
2026-09-21T17:32:12.949Z
SEC response SHA-256
d719daada14d23a0b63e8be4a4ea1b43ae96f3afd31265d915da937894bca56b

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001866364.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))