Webull Corporation Class A Ordinary Shares (BULL)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Webull with Graham's caution and Buffett's preference for understandable, durable businesses. It is a global digital brokerage and wealth platform serving retail investors, with 1,396 employees and licenses across many countries. In fiscal Q2 2026, revenue was $198.8 million and net income $24.4 million, a 12.25% margin. That is a real business making money, not a pre-revenue story. The balance sheet looks conservative: D/E is 0.08, and Piotroski F-Score is 8/9, suggesting accounting and operating momentum are decent. But the competitive moat is unproven. Retail brokerage is crowded, price-sensitive, and regulated; scale and switching costs matter, and Webull's returns are weak: ROE 4.72%, ROCE 1.26%. The provided profit growth figure is -266.00%, and there are only 0 years of filed annual results in this dataset, so I cannot judge a full cycle. Valuation is split. At the 2026-10-13 close of $6.31, FairStock calculates P/E 10.34 and P/B 3.20. Yet EV/EBITDA is 40.01, the Graham Number is $5.20, and margin of safety is -21.35%, meaning the price sits above a conservative asset-earnings value. Altman Z-Score 0.32 also warns of financial fragility, despite low debt. FairStock Score 40/100 and no Lynch category due to insufficient history reinforce that this is a speculative growth candidate, not a classic value compounder. I would wait for evidence that revenue growth converts into durable profits and returns on capital.

In plain English: Webull runs a digital investing platform where people can trade and manage money in many countries. The company is growing sales and made a profit in its latest quarter, but it has a short track record and weak returns on the money invested in the business. At $6.31, the shares look a little expensive compared with a conservative estimate of their value, though not dramatically so.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer