Webull Charges Ahead: Q2 Revenue Up 46%, Crypto Trading Relaunched

Core Insights - Webull Corp. reported strong Q2 earnings with total revenues of $131.5 million, marking a 46% year-over-year increase driven by growth in customer assets and trading volumes [2][4] - The company relaunched crypto trading, highlighting strong user demand and potential revenue increases from crypto accounts [5][6] Financial Performance - Trading-related revenue increased by 63% year-over-year in Q2 [3] - Options contracts volume rose by 8% year-over-year to $127 million, while equity notional volume surged by 58% year-over-year to $161 billion [3] - Customer assets reached an all-time high of $15.9 billion, a 64% increase year-over-year, with net deposits totaling $5.4 billion over the last twelve months [4] User Growth - Webull added 800,000 new users in Q2, bringing the total registered user base to 24.9 million, with funded accounts climbing to 4.73 million [4] Profitability - The company achieved three consecutive quarters of operating profitability, with an adjusted operating profit margin increase of 18 percentage points, resulting in an adjusted operating profit of $23.3 million for Q2 [5] Future Outlook - The CEO emphasized the company's commitment to expanding digital asset offerings and creating an innovative trading platform, aiming for the best crypto trading experience globally [6][7]