Paper Bozz

Debunking the "Webull is losing money" myth (EPS -1.20) A lot of people are looking at one headline GAAP EPS number and screaming " $BULL is unprofitable!" — specifically the -$1.20 EPS that popped up in Q2 2025. That's misleading. Here's why: The -$1.20 was heavily distorted by one-time accounting charges related to the company's IPO/listing expenses in April 2025. When you strip out those non-recurring items (plus typical share-based comp and FX noise), Webull has actually been profitable on an adjusted basis for five consecutive quarters. Quick proof from their own filings & earnings releases: Q4 2025: Adjusted net income = +$14.6 million Q3 2025: Strong adjusted profit (excluded one-time Webull Pay transaction items) Q2 2025: Adjusted net income positive after backing out the big IPO-related charge Q1 2025: Positive adjusted results Full Year 2025: Adjusted operating profit = $110.3 million (19.3% margin, up 14.6 pts YoY) and adjusted net income ~$84 million Revenue? Record $571 million for the year (+46% YoY). Customer assets $24.6B (+81%). Net deposits $8.6B. This is a classic growth company story: GAAP can look ugly in the quarter you go public due to one-time costs, but the underlying business is scaling profitably with strong operating leverage. Next time you see "Webull losing money with negative EPS," check if they're talking GAAP or adjusted. The adjusted numbers tell the real story — and it's been green for a while now. Webull isn't "burning cash" — it's investing in growth while already delivering consistent adjusted profits. DYOR, but don't fall for the headline trap. The market will do its thing, I'll do mine, and you do yours. In the meantime, use Webull and trade irresponsibly. Make me rich!

@Space2Terra 👍

@PaperBozz In since VACQ day 1.

Me, the granddaddy of $RKLB, watching people who just found out about RKLB yesterday come lecture me on the company and its management. What was the symbol before it de-SPAC'd? Did you know there was such a thing as warrants? Did you convert warrants into shares and hold through the ups and downs? Did you believe in the management when the stock was trading in the dumpster and the rocket launch failed? Were you buying shares in the $3 handle? Were you watching every single attempt to catch Electron mid-air? So spare me your lecture on how great the company is when I'm simply pointing out that there could be better timing for the offering. Now I want you to be angry .... very angry . Bring all that rage and come at me bro! 🤣

@PaperBozz Because the people who run companies are glued to a screen looking at the chart all day right? How do you think Rocket Lab grows as a business, by doing TA?

$RKLB, here’s why I’m a little salty about the timing of the $1B offering: They did it technically on the first day of the consolidation breakout. Momentum was just building, and they smacked it right in the head. Now we’ll pay for it with a momentum reset. If we break below $65–$60, watch out below. It’s also where the price hit the right shoulder high resistance (see chart), which was extremely important for a new uptrend. I stated in my March 11 post that getting above $80 was critical for a new uptrend. I don’t understand why every management team seems to do offerings at critical pivot areas. They need an in-house technical analysts or chartists to advise on timing. I’d gladly do it for free.

@MrsIglesiasRKLB Yes, I remember. We went through good times and bad times together. You are one of the OGs.

I think the Team doesn’t time anything with stock price and stays away from anything that gives that impression as to remain super clean with the SEC. They are super tidy. Stock price is temporary, but I don’t have to tell you that. I’ve been in the trenches with you just as long. 🤛🏻

@spvcemann Damn right!

@PaperBozz You’re right, with your vast trivia knowledge of Rocket Lab, management really should have checked with you first about ATM timing. In fact you should just run the company instead.

@yourherofraser Get off my property.... 🤣

@oo667610 Sounds like they didn't launch the US version of app in Singapore. Do you guys have desktop app and tablet apps? Or just mobile? Desktop app is amazing.

@PaperBozz previously, suck like traditional broker app and not smooth UX. newsfeed r better too. Now it is rich in UI/UX like MooMoo. They advertises more on options. If you compare current app to old one is like 20% of current app usability. The analysis pages and AI chat better.

Let's talk about Webull's ( $BULL ) expansion to international markets. Webull is accelerating its global push—from a U.S.-focused broker to a true international platform. It now operates in 14 markets across North America, Asia-Pacific, Europe, and Latin America, serving over 26.8 million registered users globally. Key 2025 highlights: Customer assets reached $24.6B (+81% YoY), with 5 million funded accounts. Plans include doubling Premium subscribers in 2026 while deepening penetration in Europe and APAC. - Launched in the European Union (debut in the Netherlands) with access to U.S. and European equities, fractional shares, ETFs, and options. - Rolled out crypto trading in Australia (up to 240 cryptos via Coinbase Prime) and Brazil. - Entered South Korea through a strategic partnership with Meritz Financial Group for seamless U.S. market access. - Expanded in Thailand, Singapore, Hong Kong, Canada, and more. New products: Level 3 options in Canada, Singapore, and Hong Kong; Webull Connect for Australian advisers (multi-currency access to AU/US/HK markets); Vega AI assistant rolling out internationally; plus U.S. futures and bonds. Platform ratings in international markets: Strong user feedback—4.6/5 on Google Play (200K+ global reviews) and 4.5/5 on the App Store in Australia. Praised for advanced charts, low/zero commissions, global market access, and tools—often rated a top choice for active traders in Australia, Asia, and emerging EU markets. If you are in one of those international markets where Webull operates and have used both Interactive Brokers and Webull, I'd love to hear your opinion.

@YuvalMosseri Thank you!

@PaperBozz 1/10 ATM timing. 100% with you.

@CheeseStickR1ck This is the way... 😂

@PaperBozz Still early

@oo667610 Thanks! What changed after the revamp? What did you not like about it before the revamp?

@PaperBozz I use Webull Singapore, seems like shit before the revamp app. After the revamped last 4 months ago, it catches up to moomoo or tiger. This is MooMoo dominated market.

@Onyx_GEO The announcement itself is enough to knock it down. Timing of announcement matters. Support and resistance regions matter. Momentum matters. Having said that they could have done worse by offering around $65 support. That would have been worse.

@PaperBozz Higher stock price when you tap the ATM means less dilution, yes. However it has nothing to do with the announcement timing, and everything to do with when they actually start USING the ATM. $1b in stock didn't get sold when they made the announcement.

$RKLB secured a $190M contract for a Defense Department project. Couldn't they wait for this news to hit before announcing the $1 billion offering? We could have been above $83 today. Then they could announce their $1B offering once it gets above $88. Who the fuck is advising the timing of capital raises?

I have been with SoFi Invest since day one. There were growing pains, but overall I am satisfied. It has come a long way. Here are the things that need improving: - Remove the $50K daily instant transfer limit if the withdrawal destination is a SoFi checking/savings account. - Eliminate the manual approval process for wire transfers out of SoFi Invest. If SoFi checking/savings offers in-app wire transfers, why should SoFi Invest be any different? - When a SoFi Invest user calls, do not route them to a call center in the Philippines or India. They just transfer back to a US representative after you explain the reason for the call. If possible, stop using overseas call centers. The worst is India—I can’t understand anything they are saying. This applies to SoFi banking as well. - When a user requests a partial transfer out of SoFi Invest, do not lock the entire account and prevent the user from trading. This is especially bad if the user has open short-term options. Instead, lock only the positions that are being transferred out. @anthonynoto @SoFi

Time to end USPS. NO MORE BAILOUT.

$SOFI responded strongly. Muddy Waters had better prepare for legal fees.

@financialworldx Noooooooo..... !

@PaperBozz biden house

Quick life update from the trenches: As you may probably know, I bought a house that smelled like a dog daycare. Now I’m knee-deep in renovation hell, covered in drywall dust, questioning every life choice that led me here. My trading charts are collecting more dust than my floors, and my X feed has been quieter than usual. I’ll try to pop in and post some premium nonsense whenever my brain gets a 5-minute break from googling “how to remove pee-stained carpet fused to the subfloor with what I can only assume is Satan’s glue.” Note to self (and to everyone with a functioning brain): Don’t buy the “cheap” house. Buy the one that doesn’t come with a complimentary biohazard and a lifetime supply of regret. Lesson learned the stinky way. 🏚️ Back to demolishing the wall of a mystery hidden room… send help, or at least memes. 🤣

@TebbsMichael Yep. The first thing I did was change out all filters. Then I will have to change again after they are done.

@PaperBozz Yep. Also, you need to change your furnace filter very often too. Probably once a month in a big reno, even with the air intake covered in that specific room. I know from experience.