Webull Corp (NASDAQ:BULL) shares are holding steady Tuesday after dipping Friday following the release of the company’s first-quarter earnings. Here’s a closer look at what’s happening.
What To Know: The online brokerage last week reported a loss of 6 cents per share but posted a 32% year-over-year increase in revenue, reaching $117.4 million. Webull's growth was fueled by strong account activity, with customer assets surging 45% to $12.6 billion and registered users rising 17% to 24.1 million. Funded accounts also grew 10% to 4.7 million.
CEO Anthony Denier highlighted demand for Webull's platform and emphasized expansion into new asset classes and global markets. CFO H.C. Wang noted improved profitability, with the company reporting net income of $12.9 million, a sharp turnaround from a $12.6 million loss a year earlier.
The quarter also saw product expansion, including the launch of Webull Premium and partnerships with Kalshi, Visa and BlackRock.
Read Also: AMC Entertainment Stock Is Rising Tuesday: What’s Going On?
How To Buy BULL Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Webull’s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, BULL has a 52-week high of $79.56 and a 52-week low of $10.39.
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