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Webull Corp is a digital investment platform built upon a next-generation globally infrastructure services. It strives to be the platform of choice for a new generation of investors by creating an efficient, low-cost, and easy-to-use investment platform. The company distinguishes itself from other investment service providers by offering a mobile-first user experience, a broad range of investment products, and extensive functionality constructed to help its customers build wealth over time. The company arms each customer with the tools it needs to develop into what it refers to as an informed investor - one who understands the market and has the confidence to succeed as an investor. The Webull platform originally provided users with free access to market data and analytical tools.
2019
1.2K+
LTM Revenue $545M
LTM EBITDA $134M
$3.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
As of December 2025, Webull reported last 12-month revenue of $545M and EBITDA of $134M.
In the same period, Webull achieved -$498M in LTM net income.
See Webull valuation multiples based on analyst estimatesIn the most recent fiscal year, Webull reported revenue of $390M and EBITDA of -$5.3M.
Webull expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Webull valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $545M | XXX | $390M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $311M | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 80% | XXX | XXX | XXX |
| EBITDA | $134M | XXX | -$5.3M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | -1% | XXX | XXX | XXX |
| EBIT | $118M | XXX | -$14.4M | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | -4% | XXX | XXX | XXX |
| Net Profit | -$498M | XXX | -$22.7M | XXX | XXX | XXX |
| Net Margin | -91% | XXX | -6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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Webull has current market cap of $3.8B, and EV of $3.1B.
As of January 29, 2026, Webull's stock price is $8.
See Webull trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.1B | $3.8B | XXX | XXX | XXX | XXX | $0.18 |
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Start Free TrialWebull's trades at 5.7x EV/Revenue multiple, and 23.4x EV/EBITDA.
See valuation multiples for Webull and 15K+ public compsAs of January 29, 2026, Webull has market cap of $3.8B and EV of $3.1B.
Equity research analysts estimate Webull's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Webull has a P/E ratio of -7.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.8B | XXX | $3.8B | XXX | XXX | XXX |
| EV (current) | $3.1B | XXX | $3.1B | XXX | XXX | XXX |
| EV/Revenue | 5.7x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 23.4x | XXX | 23.4x | XXX | XXX | XXX |
| EV/EBIT | 26.5x | XXX | 26.5x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | -7.7x | XXX | -7.7x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 17.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWebull's last 12 month revenue growth is 24%
Webull's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.
Webull's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Webull's rule of X is 86% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Webull and other 15K+ public comps| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 46% | XXX | 112% | XXX | XXX | XXX |
| Rule of 40 | 32% | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 86% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 34% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 83% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Bell Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Euroz Hartleys Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cairo Mezz | XXX | XXX | XXX | XXX | XXX | XXX |
| Premier Capital Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Choice International | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Webull acquired XXX companies to date.
Last acquisition by Webull was XXXXXXXX, XXXXX XXXXX XXXXXX . Webull acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was Webull founded? | Webull was founded in 2019. |
| Where is Webull headquartered? | Webull is headquartered in United States of America. |
| How many employees does Webull have? | As of today, Webull has 1.2K+ employees. |
| Who is the CEO of Webull? | Webull's CEO is Mr. Anquan Wang. |
| Is Webull publicy listed? | Yes, Webull is a public company listed on NAS. |
| What is the stock symbol of Webull? | Webull trades under BULL ticker. |
| When did Webull go public? | Webull went public in 2025. |
| Who are competitors of Webull? | Similar companies to Webull include e.g. Bell Financial Group, Euroz Hartleys Group, Cairo Mezz, Premier Capital Services. |
| What is the current market cap of Webull? | Webull's current market cap is $3.8B |
| What is the current revenue of Webull? | Webull's last 12 months revenue is $545M. |
| What is the current revenue growth of Webull? | Webull revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Webull? | Current revenue multiple of Webull is 5.7x. |
| Is Webull profitable? | Yes, Webull is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Webull? | Webull's last 12 months EBITDA is $134M. |
| What is Webull's EBITDA margin? | Webull's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Webull? | Current EBITDA multiple of Webull is 23.4x. |
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