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Side-by-side financial comparison of Webull Corp (BULL) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $131.5M, roughly 1.9× Webull Corp). Webull Corp runs the higher net margin — -21.5% vs -32.7%, a 11.2% gap on every dollar of revenue. On growth, Webull Corp posted the faster year-over-year revenue change (46.3% vs 6.2%). Webull Corp produced more free cash flow last quarter ($271.7M vs $36.4M).
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.
BULL vs CTEV — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $246.6M |
| Net Profit | $-28.3M | $-80.6M |
| Gross Margin | — | — |
| Operating Margin | -16.3% | -3.1% |
| Net Margin | -21.5% | -32.7% |
| Revenue YoY | 46.3% | 6.2% |
| Net Profit YoY | -144.3% | 41.6% |
| EPS (diluted) | — | $-4.88 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | $246.0M | ||
| Q2 25 | $131.5M | $241.6M | ||
| Q1 25 | — | $231.3M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $230.5M | ||
| Q2 24 | $89.9M | $233.5M | ||
| Q1 24 | — | $234.5M |
| Q4 25 | — | $-80.6M | ||
| Q3 25 | — | $-69.8M | ||
| Q2 25 | $-28.3M | $-62.6M | ||
| Q1 25 | — | $-71.3M | ||
| Q4 24 | — | $-138.0M | ||
| Q3 24 | — | $-391.4M | ||
| Q2 24 | $-11.6M | $-576.7M | ||
| Q1 24 | — | $-539.7M |
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | -16.3% | 6.9% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | -17.8% | ||
| Q3 24 | — | -146.7% | ||
| Q2 24 | -11.4% | -224.4% | ||
| Q1 24 | — | -207.4% |
| Q4 25 | — | -32.7% | ||
| Q3 25 | — | -28.4% | ||
| Q2 25 | -21.5% | -25.9% | ||
| Q1 25 | — | -30.8% | ||
| Q4 24 | — | -59.4% | ||
| Q3 24 | — | -169.8% | ||
| Q2 24 | -12.9% | -247.0% | ||
| Q1 24 | — | -230.1% |
| Q4 25 | — | $-4.88 | ||
| Q3 25 | — | $-4.23 | ||
| Q2 25 | — | $-3.81 | ||
| Q1 25 | — | $-4.38 | ||
| Q4 24 | — | $-8.49 | ||
| Q3 24 | — | $-24.25 | ||
| Q2 24 | — | $-35.78 | ||
| Q1 24 | — | $-33.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $476.7M | $16.8M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $751.6M | $-173.9M |
| Total Assets | $2.6B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $39.2M | ||
| Q2 25 | $476.7M | $56.4M | ||
| Q1 25 | — | $23.1M | ||
| Q4 24 | — | $16.8M | ||
| Q3 24 | — | $86.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $58.7M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | — | $-173.9M | ||
| Q3 25 | — | $-101.8M | ||
| Q2 25 | $751.6M | $-39.9M | ||
| Q1 25 | — | $14.8M | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | — | $207.6M | ||
| Q2 24 | $-2.9B | $603.4M | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | $2.6B | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | — | $6.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 304.87× | ||
| Q4 24 | — | 53.67× | ||
| Q3 24 | — | 21.73× | ||
| Q2 24 | — | 7.48× | ||
| Q1 24 | — | 3.85× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $272.1M | $66.3M |
| Free Cash FlowOCF − Capex | $271.7M | $36.4M |
| FCF MarginFCF / Revenue | 206.6% | 14.8% |
| Capex IntensityCapex / Revenue | 0.3% | 12.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.3M | ||
| Q3 25 | — | $19.9M | ||
| Q2 25 | $272.1M | $61.2M | ||
| Q1 25 | — | $-30.1M | ||
| Q4 24 | — | $-33.4M | ||
| Q3 24 | — | $72.8M | ||
| Q2 24 | — | $18.5M | ||
| Q1 24 | — | $49.7M |
| Q4 25 | — | $36.4M | ||
| Q3 25 | — | $-16.3M | ||
| Q2 25 | $271.7M | $36.6M | ||
| Q1 25 | — | $-68.9M | ||
| Q4 24 | — | $-63.8M | ||
| Q3 24 | — | $41.1M | ||
| Q2 24 | — | $-7.0M | ||
| Q1 24 | — | $19.2M |
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | 206.6% | 15.2% | ||
| Q1 25 | — | -29.8% | ||
| Q4 24 | — | -27.5% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | 0.3% | 10.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | — | 13.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
