Webull Q2 Earnings Call Highlights

Webull's Q2 earnings call revealed strong financial results, with revenue rising 51% year over year to $198.8 million. Adjusted operating profit surged 169% to $62.6 million, thanks to a slower growth in expenses compared to revenue. The elimination of the Pattern Day Trader (PDT) rule on June 4 played a significant role in driving this performance, with trading-related revenue reaching $147.7 million, up 66% year over year and 33% sequentially. Daily average revenue trades (DARTs) increased 62% to 1.64 million.

The heightened trading activity persisted into July and August, with options volume rising 68% to 213 million contracts and equity trading volume increasing 73%. The company also noted elevated crypto, prediction-market, and AI offerings, with prediction-markets revenue growing 71% sequentially to roughly $5 million-$6 million. Customer assets climbed 79% to $28.5 billion, while Webull continued international expansion, with trading operations in 18 markets and over 810,000 international funded accounts.