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Reports Q1 revenue $117.4M vs. $88.9M last year. Customer assets totaled $12.6 billion, representing 45% year-over-year growth, driven by strong net deposits, which grew 66% year-over-year. Registered users increased 17% year-over-year to 24.1 million users. Funded accounts increased to 4.7 million, representing 10% year-over-year growth. Equities notional volume grew to $128 billion, a 15% year-over-year increase. Options contracts volume grew to 121 million, an 8% year-over-year increase. DARTs increased to 924 thousand, representing a 44% year-over-year growth. Anthony Denier says: “We are proud to have delivered a very strong first quarter, driven by significant account and trading volume growth that reflects continued demand for Webull’s differentiated trading platform. We believe our results speak to our strong value proposition, reliable and innovative platform, and focus on global distribution to meet the needs of our sophisticated retail customers. Moving forward we will remain focused on broadening our product portfolio, introducing new asset classes, and expanding access to customers globally, all with the goal of strengthening the customer experience to further expand our position as the advanced retail investment platform of choice.” H.C. Wang, CFO, says: “In the first quarter, we continued to execute on our strategy and achieved impressive momentum across the business, growing total revenues by 32% alongside strong improvements on the bottom line. We continue to see strong account growth as our global teams execute on our strategy in 2025 to address and meet the long-term investing needs of individual investors around the world.”
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