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Side-by-side financial comparison of Webull Corp (BULL) and GCL Global Holdings Ltd (GCL). Click either name above to swap in a different company.
Webull Corp is the larger business by last-quarter revenue ($131.5M vs $98.7M, roughly 1.3× GCL Global Holdings Ltd). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -21.5%, a 16.3% gap on every dollar of revenue. Webull Corp produced more free cash flow last quarter ($271.7M vs $-5.2M).
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.
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
BULL vs GCL — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $98.7M |
| Net Profit | $-28.3M | $-5.1M |
| Gross Margin | — | 11.0% |
| Operating Margin | -16.3% | -6.7% |
| Net Margin | -21.5% | -5.2% |
| Revenue YoY | 46.3% | — |
| Net Profit YoY | -144.3% | — |
| EPS (diluted) | — | $-0.04 |
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.
| Q3 25 | — | $98.7M | ||
| Q2 25 | $131.5M | $142.1M | ||
| Q3 24 | — | $36.1M | ||
| Q2 24 | $89.9M | — |
| Q3 25 | — | $-5.1M | ||
| Q2 25 | $-28.3M | $5.6M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | $-11.6M | — |
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 15.0% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | — |
| Q3 25 | — | -6.7% | ||
| Q2 25 | -16.3% | 2.3% | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | -11.4% | — |
| Q3 25 | — | -5.2% | ||
| Q2 25 | -21.5% | 3.9% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | -12.9% | — |
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $0.05 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $16.6M |
| Total DebtLower is stronger | — | $52.0M |
| Stockholders' EquityBook value | $751.6M | $33.1M |
| Total Assets | $2.6B | $159.9M |
| Debt / EquityLower = less leverage | — | 1.57× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $16.6M | ||
| Q2 25 | $476.7M | $18.2M | ||
| Q3 24 | — | $2.7M | ||
| Q2 24 | — | — |
| Q3 25 | — | $52.0M | ||
| Q2 25 | — | $11.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | — | $33.1M | ||
| Q2 25 | $751.6M | $35.9M | ||
| Q3 24 | — | $15.9M | ||
| Q2 24 | $-2.9B | — |
| Q3 25 | — | $159.9M | ||
| Q2 25 | $2.6B | $101.6M | ||
| Q3 24 | — | $49.6M | ||
| Q2 24 | — | — |
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 0.33× | ||
| Q3 24 | — | — | ||
| 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 | $-4.8M |
| Free Cash FlowOCF − Capex | $271.7M | $-5.2M |
| FCF MarginFCF / Revenue | 206.6% | -5.3% |
| Capex IntensityCapex / Revenue | 0.3% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-4.8M | ||
| Q2 25 | $272.1M | $-10.3M | ||
| Q3 24 | — | $6.1M | ||
| Q2 24 | — | — |
| Q3 25 | — | $-5.2M | ||
| Q2 25 | $271.7M | $-10.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | — | -5.3% | ||
| Q2 25 | 206.6% | -7.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | — | 0.4% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | -1.84× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
