Webull Corp. Heading into its fourth-quarter report on Wednesday, analysts are looking for another strong top-line print and continued profitability as CEO. Anthony Denier Relies on a platform “built for active, self-directed investors from day one.”
Analysts expect Webull to post Q4 revenue of about $160.8 million and EPS of 4 cents, which would cap a year in which revenue already rose from about $117.4 million in Q1 to $131.5 million in Q2 and $156.9 million in Q3.
In turn, investors will look to see if trading-related income and interest income can maintain the pace of Q3, when trading income rose about 64% year-over-year and interest-related income increased nearly 30% on the back of larger customer balances, margin utilization and stock lending.
Client assets grew 84% year-over-year to $21.2 billion and DARTs rose to 1.1 million, indicating just how sensitive BULL is to retail engagement and volatility going into Q4.
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Denier argues that retail investors are Weibel’s most sustainable moat.
“What makes Weibl different is our long-term commitment to building a comprehensive ecosystem for self-directed investors,” he told Benzinga.
He noted that “while the industry largely conforms to zero-commission stock trading, we differentiate ourselves by delivering enterprise-grade tools in a seamless, mobile-first experience.”
A growing part of the story in the Q4 print is prediction markets and other event-driven products. Weibl highlighted access to event-based prediction markets and the re-introduction of crypto as key growth levers in its third-quarter results.
“Prediction markets should be viewed as a unique derivative tool rather than a substitute for real portfolio allocation,” Denier told Benzinga, adding that “for some investors, they can serve as a hedging mechanism tied to macro or event-driven outcomes.”
For others they offer “an effective way of investing to express directional views on real-world developments without the leverage profile or margin requirements typically associated with futures or options,” he added.
Photo: Courtesy of Webel Corporation.
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Ahead of Q4, the key question is how much incremental revenue and mixed-shift Weibel can glean from its expanding derivatives toolkit—prediction markets, options and futures—without sacrificing risk control or user experience.
