Webull reports strong Q3 Earnings. Reports EPS of $0.07 exceeding the $0.03 estimate

• Total revenues increased 55% year-over-year to $156.9 million.
• Trading-related revenue increased 64% year-over-year.
• Total operating expenses increased 18% year-over-year, primarily driven by higher brokerage and transaction costs, reflecting rapid growth in trading volumes and product expansion, and increased general and administrative expenses due to headcount growth and compensation accruals, partially offset by lower marketing spend.
• Adjusted operating expenses increased 13% year-over-year to $120.2 million.
• Income before income taxes totaled $38.9 million for the quarter, representing a year-over-year increase of $48.2 million.  
• Adjusted operating profit totaled $36.7 million for the quarter, representing a year-over-year improvement of $42.1 million and a 28.7% expansion in operating margin.
• Adjusted operating profit per share – basic and diluted was $0.08 and $0.07, respectively, compared with an adjusted operating loss per share of $0.04 (basic and diluted) in the prior year comparative quarter.
• Net income attributable to the Company increased $55.2 million year-over-year from a loss of $33.5 million to income of $21.7 million.
• Adjusted net income increased $38.6 million year-over-year, shifting from an adjusted net loss of $5.7 million to adjusted net income of $32.9 million.
• Net income per ordinary share – basic and diluted was $0.08 and $0.07, respectively, per share, compared to basic income per ordinary share of $4.52 and diluted loss per share of $0.02 in the prior year comparative quarter. – The year-over-year decrease in basic EPS was primarily driven by a non-cash accounting gain recorded in the prior year comparative quarter, resulting from a significant decline in the fair value of our preferred shares, which increased net income attributable to ordinary shareholders in that period. – Upon the closing of our business combination transaction with SK Growth Opportunities in April 2025, our preferred stock converted into ordinary shares, and we no longer have any preferred stock outstanding.

Source: prnewswire & investing