vs
Side-by-side financial comparison of Webull Corp (BULL) and BingEx Ltd (FLX). Click either name above to swap in a different company.
BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $131.5M, roughly 1.1× Webull Corp). BingEx Ltd runs the higher net margin — 2.2% vs -21.5%, a 23.7% gap on every dollar of revenue.
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 FLX — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $143.2M |
| Net Profit | $-28.3M | $3.2M |
| Gross Margin | — | 10.8% |
| Operating Margin | -16.3% | — |
| Net Margin | -21.5% | 2.2% |
| Revenue YoY | 46.3% | — |
| Net Profit YoY | -144.3% | — |
| EPS (diluted) | — | — |
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.
| Q1 26 | — | $143.2M | ||
| Q3 25 | — | $141.2M | ||
| Q2 25 | $131.5M | $143.0M | ||
| Q1 25 | — | $141.0M | ||
| Q3 24 | — | $164.6M | ||
| Q2 24 | $89.9M | — |
| Q1 26 | — | $3.2M | ||
| Q3 25 | — | $6.1M | ||
| Q2 25 | $-28.3M | $7.5M | ||
| Q1 25 | — | $27.6M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | $-11.6M | — |
| Q1 26 | — | 10.8% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 10.0% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | -16.3% | 1.9% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | -11.4% | — |
| Q1 26 | — | 2.2% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | -21.5% | 5.2% | ||
| Q1 25 | — | 19.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | -12.9% | — |
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 | $561.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $751.6M | — |
| Total Assets | $2.6B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $561.1M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | $476.7M | $499.4M | ||
| Q1 25 | — | $592.4M | ||
| Q3 24 | — | $517.4M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $751.6M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-2.9B | — |
| Q1 26 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q3 24 | — | $926.8M | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $271.7M | — |
| FCF MarginFCF / Revenue | 206.6% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $272.1M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $271.7M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 206.6% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
