Webull Corp (BULL) - Net Assets
Based on the latest financial reports, Webull Corp (BULL) has net assets worth $1.02 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.88 Billion) and total liabilities ($2.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BULL asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.02 Billion |
| % of Total Assets | 26.19% |
| Annual Growth Rate | 25.55% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.74 |
Webull Corp - Net Assets Trend (2022–2025)
This chart illustrates how Webull Corp's net assets have evolved over time, based on quarterly financial data. Also explore BULL total assets for the complete picture of this company's asset base.
Annual Net Assets for Webull Corp (2022–2025)
The table below shows the annual net assets of Webull Corp from 2022 to 2025. For live valuation and market cap data, see Webull Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.02 Billion | +67.52% |
| 2024-12-31 | $606.77 Million | +7.54% |
| 2023-12-31 | $564.26 Million | +9.88% |
| 2022-12-31 | $513.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Webull Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 73392746000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.24 Million | 0.52% |
| Other Comprehensive Income | $1.52 Million | 0.15% |
| Other Components | $3.19 Billion | 313.66% |
| Total Equity | $1.02 Billion | 100.00% |
Webull Corp Competitors by Market Cap
The table below lists competitors of Webull Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kinetik Holdings Inc
NYSE:KNTK
|
$2.66 Billion |
|
Hoegh Autoliners ASA
OL:HAUTO
|
$2.66 Billion |
|
Silvercorp Metals Inc
TO:SVM
|
$2.66 Billion |
|
Guangshen Railway Co Ltd
SHG:601333
|
$2.66 Billion |
|
Shenzhen Overseas Chinese Town Co Ltd
SHE:000069
|
$2.66 Billion |
|
IAC Inc.
NASDAQ:IAC
|
$2.66 Billion |
|
Beam Therapeutics Inc
NASDAQ:BEAM
|
$2.66 Billion |
|
Thule Group AB
ST:THULE
|
$2.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Webull Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 605,500,094 to 1,016,292,713, a change of 410,792,619 (67.8%).
- Net income of 24,770,704 contributed positively to equity growth.
- Other comprehensive income increased equity by 16,720,442.
- Other factors increased equity by 369,301,473.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $24.77 Million | +2.44% |
| Other Comprehensive Income | $16.72 Million | +1.65% |
| Other Changes | $369.30 Million | +36.34% |
| Total Change | $- | 67.84% |
Book Value vs Market Value Analysis
This analysis compares Webull Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.75x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.29x to 2.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $1.12 | $7.03 | x |
| 2023-12-31 | $1.23 | $7.03 | x |
| 2024-12-31 | $1.32 | $7.03 | x |
| 2025-12-31 | $2.56 | $7.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Webull Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.34%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 3.82x
- Recent ROE (2.44%) is above the historical average (2.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 9.75% | 12.90% | 0.36x | 2.13x | $-1.27 Million |
| 2023 | 1.08% | 1.56% | 0.31x | 2.24x | $-50.29 Million |
| 2024 | -3.75% | -5.82% | 0.19x | 3.42x | $-83.24 Million |
| 2025 | 2.44% | 4.34% | 0.15x | 3.82x | $-76.86 Million |
Industry Comparison
This section compares Webull Corp's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Webull Corp (BULL) | $1.02 Billion | 9.75% | 2.82x | $2.66 Billion |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About Webull Corp
Webull Corporation operates as a digital investment platform. Its platform enables retail investors to trade securities through its licensed broker dealer in the United States, Canada, the United Kingdom, Australia, Hong Kong, Indonesia, Singapore, Malaysia, Thailand, Japan, South Africa, the Netherlands, and internationally. The company was founded in 2016 and is headquartered in Saint Petersbur… Read more