Webull (BULLW) Receivables (2022 - 2025)

Webull (BULLW) reported Receivables of $638.9 million for Q4 2025, up 110.24% on a YoY basis from $303.9 million in Q4 2024, and up 110.24% quarter-over-quarter from $303.9 million in Q4 2024.

Webull (BULLW) Receivables (2022 - 2025) Analysis & Trends

Webull has reported Receivables for 4 years, with the latest figure at $638.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Receivables rose 110.24% year-over-year to $638.9 million; the trailing twelve-month figure through Dec 2025 stood at $638.9 million (up 110.24% YoY), and the FY2025 full-year result was $638.9 million, up 110.24% from the prior year.
  • Receivables for Q4 2025 stood at $638.9 million, up from $303.9 million in the prior quarter.
  • The five-year high for Receivables was $638.9 million in Q4 2025, with the low at $15.4 million in Q4 2022.
  • Historically, Receivables has averaged $258.2 million across 4 years, with a median of $189.1 million in 2023.
  • Annual changes were most pronounced in 2023 — Receivables jumped 383.1% — and 2025, when it jumped 110.24%.
  • Webull's Receivables stood at $15.4 million in 2022, then jumped by 383.1% to $74.4 million in 2023, then soared by 308.68% to $303.9 million in 2024, then jumped by 110.24% to $638.9 million in 2025.
  • The last three Receivables figures came in at $638.9 million (Q4 2025), $303.9 million (Q4 2024), and $74.4 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Receivables (Qtr)
1 Sap Se 257.53 Bn 239.56 Bn 8.16 Bn -
2 Full Truck Alliance 171.61 Bn 169.06 Bn - 15.91 Mn
3 Salesforce 152.15 Bn 140.31 Bn 8.56 Bn 5.99 Bn
4 Uber Technologies 144.45 Bn 143.41 Bn 11.88 Bn 3.90 Bn
5 Shopify 144.09 Bn 138.34 Bn 1.55 Bn 449.00 Mn
6 ServiceNow 110.55 Bn 105.37 Bn 2.83 Bn 2.30 Bn
7 Cadence Design Systems 106.32 Bn 104.91 Bn 1.26 Bn 1.04 Bn
8 Adobe 97.77 Bn 90.88 Bn 5.73 Bn 2.17 Bn
9 Automatic Data Processing 93.39 Bn 90.16 Bn 2.87 Bn 3.57 Bn
10 Webull - - - -

Historic Data

Download Data
DateValue
Dec 31, 2025 638.94 Mn
Dec 31, 2024 303.91 Mn
Dec 31, 2023 74.36 Mn
Dec 31, 2022 15.39 Mn