Webull (BULL) Research & Development (2024 - 2026)

Webull (BULL) has reported Research & Development for 3 consecutive years, with $22.2 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Research & Development rose 15.76% year-over-year to $22.2 million; the trailing twelve-month figure through Jun 2026 stood at $89.1 million (up 27.31% YoY), and the FY2025 full-year result was $79.2 million, up 24.03% from the prior year.
• Research & Development fell to $22.2 million in Q2 2026 per BULL's latest filing, from $23.9 million in the prior quarter.
• Across five years, Research & Development topped out at $23.9 million in Q1 2026 and bottomed at $14.9 million in Q1 2024.
• Historically, Research & Development has averaged $18.9 million across 3 years, with a median of $18.3 million in 2024.
• The sharpest annual moves came in 2025 and 2026: Research & Development grew 13.67% in 2025, then jumped 40.98% in 2026.
• Over 3 years, Research & Development stood at $17.5 million in 2024, then increased by 17.59% to $20.6 million in 2025, then grew by 7.61% to $22.2 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $22.2 million, $23.9 million, and $20.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.