BULLWebull Corp
Security Brokers, Dealers & Flotation Companies
- Revenue
- $571M
- 46% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $2.1B
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo23× net incomeCash flow under 80% of net income
- Dilutive SBCNo8% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$2.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$4M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $388M | $390M | $390M | $571M | 46% |
| Net income | $50M | $6M | −$23M | $25M | 209% |
| Operating cash flow | −$31M | $471M | $185M | $566M | 206% |
| Capex | $32M | $5M | $2M | $5M | 103% |
| Stock-based comp | $30M | $29M | $33M | $44M | 35% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 8
- Net
- −$4M
Pay vs performance
No pay-versus-performance disclosure yet.