Webull June net deposits jump 60% to $800M
Webull's operating data for June reveals net deposits of $800 million, a 60% increase from the previous year, driven by a growing user base. Registered users reached 28.2 million, and customer assets totaled $28.5 billion, up 79% year-over-year.
*this image is generated using AI for illustrative purposes only.
Webull reported select operating data for June, highlighting a 60% year-over-year increase in net deposits to $800 million. The financial platform saw its registered user base grow to 28.2 million, while customer assets surged 79% compared to the same period last year.
The company disclosed that registered users increased by approximately 200,000 from the end of May 2026. Funded accounts remained stable at 5.1 million compared to May, reflecting an increase of approximately 400,000 year-over-year.
Key Operating Metrics
The following table outlines Webull's performance for June compared to the prior month and the prior year:
| Metric | June 2026 | Change vs. May 2026 | Change vs. Prior Year |
|---|---|---|---|
| Registered Users | 28.2 million | +200,000 | +3.3 million |
| Funded Accounts | 5.1 million | Unchanged | +400,000 |
| Customer Assets | $28.5 billion | -3% | +79% |
| Net Deposits | $800 million | +60% | +60% |
Customer assets stood at $28.5 billion at the end of June, a decrease of 3% from the end of May 2026. Despite the monthly decline, the year-over-year growth remained robust at 79%.
What factors contributed to the 3% monthly decline in customer assets despite the surge in net deposits?
How will Webull leverage the 60% increase in net deposits to convert more of the 23.1 million unfunded registered users into funded accounts?
Can the 60% year-over-year growth in net deposits be sustained given current market volatility and interest rate environments?
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