Core Insights - Webull Corporation reported a 55% year-over-year increase in total revenues, reaching $156.9 million, driven by user engagement and high trading volumes [1][8] - Customer assets grew by 84% year-over-year to an all-time high of $21.2 billion, attributed to market recovery and strong net deposits [1][8] - The company demonstrated strong profitability while investing in geographic expansion, AI, and new product offerings [1][2] Financial Performance - Trading-related revenue increased by 64% year-over-year [8] - Total operating expenses rose by 18% year-over-year, primarily due to higher brokerage and transaction costs, as well as increased general and administrative expenses [8] - Adjusted operating profit for the quarter was $36.7 million, reflecting a year-over-year improvement of $42.1 million and a 28.7% expansion in operating margin [8] User Engagement and Growth - Funded accounts increased to 4.93 million, representing a 9% year-over-year growth [8] - Registered users grew by 17% year-over-year to 25.9 million [8] - Options contracts volume reached 147 million, a 24% year-over-year increase [8] Product and Service Expansion - Webull relaunched cryptocurrency trading in the U.S. market and introduced it in Australia, allowing access to 240 cryptocurrencies [8] - The company launched brokerage services in the European Union, specifically in the Netherlands, and rolled out Level 3 Options for customers in Canada, Singapore, and Hong Kong [8] - The introduction of Vega AI, an AI-powered tool for personalized market analysis, was also highlighted [8]