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Side-by-side financial comparison of Webull Corp (BULL) and Twist Bioscience Corp (TWST). Click either name above to swap in a different company.
Webull Corp is the larger business by last-quarter revenue ($131.5M vs $103.7M, roughly 1.3× Twist Bioscience Corp). Webull Corp runs the higher net margin — -21.5% vs -29.4%, a 7.9% gap on every dollar of revenue. On growth, Webull Corp posted the faster year-over-year revenue change (46.3% vs 16.9%). Webull Corp produced more free cash flow last quarter ($271.7M vs $-34.8M).
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.
Twist Bioscience is a public biotechnology company based in South San Francisco that manufactures synthetic DNA and DNA products for customers in a wide range of industries. Twist was founded in 2013 by Emily Leproust, Bill Banyai, and Bill Peck.
BULL vs TWST — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $103.7M |
| Net Profit | $-28.3M | $-30.5M |
| Gross Margin | — | 52.0% |
| Operating Margin | -16.3% | -31.7% |
| Net Margin | -21.5% | -29.4% |
| Revenue YoY | 46.3% | 16.9% |
| Net Profit YoY | -144.3% | 3.4% |
| EPS (diluted) | — | $-0.50 |
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 | — | $103.7M | ||
| Q2 25 | $131.5M | — | ||
| Q2 24 | $89.9M | — |
| Q4 25 | — | $-30.5M | ||
| Q2 25 | $-28.3M | — | ||
| Q2 24 | $-11.6M | — |
| Q4 25 | — | 52.0% | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | — | -31.7% | ||
| Q2 25 | -16.3% | — | ||
| Q2 24 | -11.4% | — |
| Q4 25 | — | -29.4% | ||
| Q2 25 | -21.5% | — | ||
| Q2 24 | -12.9% | — |
| Q4 25 | — | $-0.50 | ||
| Q2 25 | — | — | ||
| 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 | $197.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $751.6M | $456.1M |
| Total Assets | $2.6B | $638.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $197.9M | ||
| Q2 25 | $476.7M | — | ||
| Q2 24 | — | — |
| Q4 25 | — | $456.1M | ||
| Q2 25 | $751.6M | — | ||
| Q2 24 | $-2.9B | — |
| Q4 25 | — | $638.1M | ||
| Q2 25 | $2.6B | — | ||
| 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 | $-24.8M |
| Free Cash FlowOCF − Capex | $271.7M | $-34.8M |
| FCF MarginFCF / Revenue | 206.6% | -33.5% |
| Capex IntensityCapex / Revenue | 0.3% | 9.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-24.8M | ||
| Q2 25 | $272.1M | — | ||
| Q2 24 | — | — |
| Q4 25 | — | $-34.8M | ||
| Q2 25 | $271.7M | — | ||
| Q2 24 | — | — |
| Q4 25 | — | -33.5% | ||
| Q2 25 | 206.6% | — | ||
| Q2 24 | — | — |
| Q4 25 | — | 9.6% | ||
| Q2 25 | 0.3% | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BULL
Segment breakdown not available.
TWST
| Industrial Chemicals | $37.2M | 36% |
| Diagnostics | $35.3M | 34% |
| Food Or Agriculture | $12.8M | 12% |
| Academic Research | $12.2M | 12% |
| Health Care | $6.1M | 6% |
