Morningstar

Webull Shares Slide on 1Q Loss, Soaring Costs

Provided by Dow Jones May 22, 2026, 4:33:00 PM

By Dean Seal

Investors extended a bearish run for Webull shares after the company posted a loss for the first quarter and reported that costs outgrew its revenue.

The stock fell 7% to $6.15 on Friday. Shares are now down 21% since the start of the year.

The operator of the Webull online investment platform said after Thursday's market close that it swung to a loss of $21.7 million for the first three months of the year from a profit of $13.1 million a year earlier.

Stripping out one-time items including share-based compensation, adjusted earnings were 3 cents a share. Analysts polled by FactSet had been looking for 4 cents a share.

Revenue climbed 36% from a year earlier to $159.9 million, beating analyst forecasts for $157.4 million. Operating costs meanwhile grew 68% to $162.3 million.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 22, 2026 12:33 ET (16:33 GMT)

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