On the cost side, Webull recorded adjusted operating expenses of $460.7 million , up 24% for the year, as the company continued investing in product and market expansion. Denier said adjusted operating profit margin improved by 14.6 percentage points to 19.3% , equating to adjusted operating profit of $110.3 million .Customer assets reached $24.6 billion , up 81% year over year, including about $1 billion in assets from the acquisition of Webull Pay. Webull also posted growth in its core trading activity, w ...