Webull reports first-quarter revenue of $117.37 million, up 32% year-over-year. Total customer assets grew to $12.6 billion at quarter's end, driven by strong net deposit growth of 66% year-over-year.

Webull shares fall despite strong Q2 revenue and return of crypto trading. Equity volume and customer assets hit all-time highs.

Webull's shares recently rallied 370%+ upon their market debut, but the frenzy has driven up the valuation into perilous territory. We think that shareholders should get out now, as we see ...