Key Highlights

  • BULL shares are indicated up roughly 16.8% in pre-market trading to $10.09, building on Wednesday's regular-session close of $8.64, which itself was up 8.95% on the day, plus a further after-hours pop of as much as 14.3%.
  • The move follows Webull's Q2 2026 earnings, released August 19: record Revenue of $198.8 million, up 51% year-over-year, and Net Income of $24.4 million, reversing a $28.3 million loss in the prior-year quarter.
  • Growth metrics backed up the Earnings beat: customer Assets reached $28.5 billion (up 79% year-over-year), funded accounts hit 5.13 million (up 8%), and Equity and Options trading volumes rose 73% and 68%, respectively.
  • The rally also coincides with a broad, macro-driven crypto rebound this week, with Bitcoin topping $69,000 and Ethereum up about 10% after a U.S. Treasury bond-buyback expansion and a proposed SEC crypto-rules easing, a backdrop that tends to lift trading-volume-sensitive brokerages like Webull, which also offers crypto trading.

Record Quarter Sparks Two-Day Rally

Webull (NASDAQ:BULL)'s stock is extending a rally that began after the company released Q2 2026 results on August 19. Revenue hit a company record of $198.8 million, up 51% year-over-year, while net income came in at $24.4 million, a sharp Reversal from a $28.3 million loss in the same period last year. Income before taxes was $34.7 million versus a $21.4 million loss a year ago, and adjusted net income reached $43.2 million with an adjusted Operating Margin of 31.5%. Shares initially rose 8.95% to $8.64 in Wednesday's regular session, then jumped as much as 14.3% further in after-hours trading, and are extending that move again in Thursday's pre-market session.

Growth Metrics Back Up The Earnings Beat

Webull's user and trading metrics support the scale of the earnings improvement. Customer assets grew 79% year-over-year to $28.5 billion, funded accounts rose 8% to 5.13 million, and registered users climbed 13% to 28.2 million. Trading activity also surged: equity trading Volume reached $279 billion (up 73%), options volume hit 213 million contracts (up 68%), and daily average revenue trades rose about 62% to roughly 1.6 million. Webull, which went public in April 2025, operates a digital brokerage platform offering stock, options, and Cryptocurrency Trading alongside market data, community, and educational tools.

Macro Tailwind And What To Watch

The move is also landing during a broader risk-on backdrop: Bitcoin climbed above $69,000, a roughly two-month high, and Ethereum rose about 10%, after the U.S. Treasury said it would roughly double the size of its long-bond buyback operations and the SEC proposed new rules easing crypto-asset offerings, triggering a wave of short-covering across crypto and crypto-adjacent equities. Because Webull's platform includes crypto trading and its revenue is sensitive to trading volumes, elevated market activity this week is a plausible added tailwind on top of the earnings beat. As a recently listed company (IPO April 2025) without disclosed forward guidance in its earnings release, the stock may also see elevated Volatility as the market digests both catalysts together.

What Investors Should Watch

Webull shares are extending a two-day rally after the company posted record Q2 2026 revenue of $198.8 million and swung to a $24.4 million profit, a move that is also unfolding alongside a broad crypto-market rally that has lifted trading-sensitive platforms this week. These are the verified facts as reported. Whether the rally holds may depend on whether Webull can sustain its record trading volumes and user growth into the second half of 2026 without the added tailwind of this week's crypto rebound.