Equity Profile

BULL

Webull Corporation

FinancialsInvestment Banking & Brokerage$3.9B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Webull Corporation is a financial services company that provides a trading platform for investors, focusing on commission-free trading and advanced market analytics. As part of the financial sector, it plays a significant role in democratizing access to investment opportunities for retail investors.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance, which investors will closely analyze.

N/A

User Growth

An increase in active users can signal growing market share and customer engagement, which is vital for future revenue.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BULL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

60%

Avg EPS Surprise

+136.67%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Webull reported an EPS of $0.03, surprising analysts with a 50% positive variance. However, the stock saw a decline of 5.44% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Webull's upcoming earnings are mixed, with no analyst estimates available. Investors are keen to see if the company can maintain its positive EPS surprises.

Bull Case

If Webull continues its trend of beating EPS estimates, it could signal strong operational efficiency and growing user engagement, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing user growth, it could lead to a significant drop in investor confidence and stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026?

Given the company's history of positive surprises, the EPS figure will be critical in determining market sentiment and stock performance.

How has user growth trended in the last quarter?

User growth is essential for Webull's long-term success, and any slowdown could raise concerns about its competitive position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Webull's ability to maintain user engagement and trading volume, which could lead to stronger-than-expected earnings.

Supporting Evidence

Webull has consistently beaten EPS estimates in the past, indicating strong operational performance.

The options market is pricing in a significant move, suggesting traders expect volatility that could favor a positive outcome.

The lack of analyst estimates may mean the market is not fully accounting for potential growth in user numbers.

Key Risk

If user growth exceeds expectations, it could significantly alter the market's perception of Webull's future prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Webull can sustain its positive earnings trend and user growth.

Bull Confirmed If

An EPS of $0.04 or higher would confirm the bull case, indicating continued profitability.

Bear Confirmed If

An EPS below $0.02 would confirm the bear case, raising concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±31.52%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±31.5% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

45.5%

Calls (3.3M)P/C Ratio: 0.11Puts (771K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests the stock could see a positive reaction, typically around a 3.29% increase.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement, reflecting uncertainty.

Miss

A miss on EPS could lead to a more significant decline, with historical patterns suggesting a potential drop of around 5%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth metrics and engagement levels.
2Details on trading volume trends and how they impact revenue.
3Management's outlook on competitive pressures in the brokerage space.
4Insights into any new features or services that could attract more users.
5Comments on cost management and operational efficiency.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance, which investors will closely analyze.

N/A

User Growth

An increase in active users can signal growing market share and customer engagement, which is vital for future revenue.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BULL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

60%

Avg EPS Surprise

+136.67%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Webull reported an EPS of $0.03, surprising analysts with a 50% positive variance. However, the stock saw a decline of 5.44% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Webull's upcoming earnings are mixed, with no analyst estimates available. Investors are keen to see if the company can maintain its positive EPS surprises.

Bull Case

If Webull continues its trend of beating EPS estimates, it could signal strong operational efficiency and growing user engagement, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing user growth, it could lead to a significant drop in investor confidence and stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026?

Given the company's history of positive surprises, the EPS figure will be critical in determining market sentiment and stock performance.

How has user growth trended in the last quarter?

User growth is essential for Webull's long-term success, and any slowdown could raise concerns about its competitive position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Webull's ability to maintain user engagement and trading volume, which could lead to stronger-than-expected earnings.

Supporting Evidence

Webull has consistently beaten EPS estimates in the past, indicating strong operational performance.

The options market is pricing in a significant move, suggesting traders expect volatility that could favor a positive outcome.

The lack of analyst estimates may mean the market is not fully accounting for potential growth in user numbers.

Key Risk

If user growth exceeds expectations, it could significantly alter the market's perception of Webull's future prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Webull can sustain its positive earnings trend and user growth.

Bull Confirmed If

An EPS of $0.04 or higher would confirm the bull case, indicating continued profitability.

Bear Confirmed If

An EPS below $0.02 would confirm the bear case, raising concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±31.52%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±31.5% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

45.5%

Calls (3.3M)P/C Ratio: 0.11Puts (771K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests the stock could see a positive reaction, typically around a 3.29% increase.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement, reflecting uncertainty.

Miss

A miss on EPS could lead to a more significant decline, with historical patterns suggesting a potential drop of around 5%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth metrics and engagement levels.
2Details on trading volume trends and how they impact revenue.
3Management's outlook on competitive pressures in the brokerage space.
4Insights into any new features or services that could attract more users.
5Comments on cost management and operational efficiency.