|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Deferred tax expense | ||
| Depreciation and amortization | ||
| Gain from step-acquisition of Webull Pay | ||
| Provision for contingent liabilities | ||
| Provision for expected credit losses | ||
| Share-based compensation | ||
| Unrealized foreign exchange gain | ||
| Write-off of deferred equity offering costs | ||
| Net effect of changes in assets and liabilities: | ||
| Net receivables from brokers, dealers and clearing organizations | ||
| Net customer receivables and customer payables | ||
| Customer-held fractional shares | ||
| Prepaid expenses and other current assets | ||
| Operating lease right-of-use assets | ||
| Accrued expenses and other current liabilities | ||
| Operating lease liabilities-current | ||
| Operating lease liabilities-non-current | ||
| Net cash provided by operating activities | ||
| Cash flows from investing activities: | ||
| Cash received from business combination, net of cash paid | ||
| Investment in limited liability company units | ||
| Purchase of property and equipment and intangible assets | ||
| Net cash provided by (used in) investing activities | ||
| Cash flows from financing activities: | ||
| Proceeds from exercise of options | ||
| Proceeds from incentive warrants exercised | ||
| Proceeds from public warrants exercised | ||
| Proceeds from sale of ordinary shares | ||
| Proceeds from sale of preferred shares | ||
| Borrowing from revolving credit agreement | ||
| Principal payments made on revolving credit agreement | ||
| Principal payments made on insurance premium financing agreement | ||
| Principal payments made on unsecured promissory notes | ||
| Purchase of treasury shares | ||
| Proceeds from sale of treasury shares | ||
| Purchase of additional shares from noncontrolling interest | ||
| Net cash provided by financing activities | ||
| Net increase in cash, cash equivalents, segregated cash, and cash of discontinued operations | ||
| Effective of exchange rate changes | ||
| Cash, cash equivalents, segregated cash, and cash of discontinued operations at beginning of the year | ||
| Cash, cash equivalents, segregated cash, and cash of discontinued operations at end of the year | ||
| Accretion to preferred shares redemption value | ||
| Conversion of loan payable to noncontrolling interest | ||
| Income taxes paid | ||
| Interest paid | ||
| Cash, cash equivalents, segregated cash, and cash of discontinued operations | ||
| Cash and cash equivalents | ||
| Segregated cash |
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