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Webull Valuation Multiples
Discover revenue and EBITDA valuation multiples for Webull and similar public comparables like Tera Yatırım, Pacific Securities Co., flatexDEGIRO, Southwest Securities and more.
Webull Overview
About Webull
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.
Founded
2019
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$3B
Webull Financials
Webull reported last 12-month revenue of $620M and EBITDA of $137M.
In the same LTM period, Webull generated $137M in EBITDA and had net loss of ($295M).
Revenue (LTM)
Webull P&L
In the most recent fiscal year, Webull reported revenue of $571M and EBITDA of $115M.
Webull expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $620M | XXX | $571M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $442M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 77% | XXX | XXX | XXX |
| EBITDA | $137M | XXX | $115M | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | ($295M) | XXX | $25M | XXX | XXX | XXX |
| Net Margin | (48%) | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Webull Stock Performance
Webull has current market cap of $4B, and enterprise value of $3B.
Market Cap Evolution
Webull's stock price is $7.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $4B | -0.6% | XXX | XXX | XXX | $0.05 |
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Start Free TrialWebull Valuation Multiples
Webull trades at 4.9x EV/Revenue multiple, and 22.2x EV/EBITDA.
EV / Revenue (LTM)
Webull Financial Valuation Multiples
As of April 30, 2026, Webull has market cap of $4B and EV of $3B.
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 (12.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBITDA | 22.2x | XXX | 26.4x | XXX | XXX | XXX |
| EV/EBIT | 26.3x | XXX | 27.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.8x | XXX | XXX | XXX |
| P/E | (12.8x) | XXX | 152.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 5.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Webull Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Webull Margins & Growth Rates
Webull's revenue in the last 12 month grew by 22%.
Webull's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Webull's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Webull's rule of X is 90% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Webull Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 48% | XXX | 58% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 90% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 23% | XXX | 24% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 28% | XXX | 31% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 14% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 67% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Webull Public Comps
See public comps and valuation multiples for other Investment Brokerage and Online Brokers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Webull | XXX | XXX | XXX | XXX | XXX | XXX |
| Tera Yatırım | XXX | XXX | XXX | XXX | XXX | XXX |
| Pacific Securities Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| flatexDEGIRO | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Shenzhen Fortune Trend | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Webull M&A Activity
Webull acquired XXX companies to date.
Last acquisition by Webull was on XXXXXXXX, XXXXX. Webull acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Webull
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWebull Investment Activity
Webull invested in XXX companies to date.
Webull made its latest investment on XXXXXXXX, XXXXX. Webull invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Webull
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Webull
| When was Webull founded? | Webull was founded in 2019. |
| Where is Webull headquartered? | Webull is headquartered in United States. |
| How many employees does Webull have? | As of today, Webull has over 1K employees. |
| Who is the CEO of Webull? | Webull's CEO is Anquan Wang. |
| Is Webull publicly listed? | Yes, Webull is a public company listed on Nasdaq. |
| 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? | Webull main competitors are Tera Yatırım, Pacific Securities Co., flatexDEGIRO, Southwest Securities. |
| What is the current market cap of Webull? | Webull's current market cap is $4B. |
| What is the current revenue of Webull? | Webull's last 12 months revenue is $620M. |
| What is the current revenue growth of Webull? | Webull revenue growth (NTM/LTM) is 22%. |
| What is the current EV/Revenue multiple of Webull? | Current revenue multiple of Webull is 4.9x. |
| 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 $137M. |
| What is Webull's EBITDA margin? | Webull's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Webull? | Current EBITDA multiple of Webull is 22.2x. |
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