Webull (BULL) Accumulated Expenses (2023 - 2025)

Webull (BULL) reported Accumulated Expenses of $32.1 million for Q4 2025, up 35.11% on a YoY basis from $23.8 million in Q4 2024, and up 35.11% quarter-over-quarter from $23.8 million in Q4 2024.

Webull (BULL) Accumulated Expenses (2023 - 2025) Analysis & Trends

Webull has reported Accumulated Expenses for 3 years, with the latest figure at $32.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Accumulated Expenses rose 35.11% year-over-year to $32.1 million; the trailing twelve-month figure through Dec 2025 stood at $32.1 million (up 35.11% YoY), and the FY2025 full-year result was $32.1 million, up 35.11% from the prior year.
  • Accumulated Expenses for Q4 2025 stood at $32.1 million, up from $23.8 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $32.1 million in Q4 2025, with the low at $1.1 million in Q4 2023.
  • Historically, Accumulated Expenses has averaged $19.0 million across 3 years, with a median of $23.8 million in 2024.
  • Annual changes were most pronounced in 2024 — Accumulated Expenses jumped 2071.71% — and 2025, when it surged 35.11%.
  • Webull's Accumulated Expenses stood at $1.1 million in 2023, then jumped by 2071.71% to $23.8 million in 2024, then jumped by 35.11% to $32.1 million in 2025.
  • The last three Accumulated Expenses figures came in at $32.1 million (Q4 2025), $23.8 million (Q4 2024), and $1.1 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn
10 Webull 268.60 -676.99 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 32.13 Mn
Dec 31, 2024 23.78 Mn
Dec 31, 2023 1.10 Mn