stockrowWebull Corporation
BULL Technology Software Application
Webull Corporation’s revenue for fiscal 2025 (year ended December 2025) was $571.0 million, up 46.3% from fiscal 2024.
- Revenue
- +51.2%
- EPS
- +104.2%
- Free cash flow
- −454,633.3%
- Total debt
- −32.4%
Quarter to June 2026, against a year earlier
Follow BULL
Alert me
Webull Corporation (BULL) Piotroski F-score
Webull Corporation's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (1.00) |
| FY2024 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (16.39%) | (31.11%) | Fail | 0 |
| Positive operating cash flow | 566.42m | 185.22m | Pass | 1 |
| Rising return on assets | (16.39%) | (31.11%) | Pass | 1 |
| Cash flow above net income | 1.05b | 703.00m | Pass | 1 |
| Falling long-term leverage | 0.02 | 0.00 | Fail | 0 |
| Rising current ratio | 1.33 | 1.34 | Fail | 0 |
| No new shares issued | 397,000,000 | 138,829,000 | Fail | 0 |
| Rising gross margin | 77.45% | 79.68% | Fail | 0 |
| Rising asset turnover | 0.19 | 0.23 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BLKB Blackbaud, Inc. compare | 8 |
| VERX Vertex, Inc. compare | 6 |
| SPSC SPS Commerce, Inc. compare | 6 |
| NCNO nCino Inc. compare | 6 |
| FSLY Fastly, Inc. compare | 6 |
| ASAN Asana, Inc. compare | 5 |
| ALRM Alarm.com Holdings, Inc. compare | 5 |
| BULL Webull Corporation | 3 |
| VIA Via Transportation Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover
More on BULL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Altman Z-score
- The full statement