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LEIFRAS Co., Ltd. Awarded Contract to Manage Community-Based Club Activities in Muroran City, Hokkaido

Introducing “Free Club,” a New Model Different From Traditional Club Activities

TOKYO, March 5, 2026 /PRNewswire/ — LEIFRAS Co., Ltd. (Nasdaq: LFS) (the “Company” or “Leifras”), a sports and social business company dedicated to youth sports and community engagement, today announced that it has been awarded a contract by Muroran City, Hokkaido to provide community-based club activity management services (the “Contract”).

Background

Muroran City is experiencing a rapid decline in the birthrate, resulting in reduced enrollment in school club activities and challenges for students to form teams or participate in tournaments. To address these challenges, Muroran City has adopted a basic policy to “transition all school club activities to privately operated community-based activities by the end of fiscal year 2031,” and is working to create a community-wide platform to support sports, cultural, and artistic activities for junior high school students.

Contract Overview

Client: Muroran City, Hokkaido

Contract Period: April 2026March 2029

“Free Club” – A New Style Leifras Offers

Leifras plans to launch “Free Club” designed to broaden students’ access to club experiences.

Feature 1: A Diverse Experience Through Monthly Rotation

Students will be able to select from a lineup of sports and cultural activities that change each month. For example, activities may include volleyball in April, dance in May, and brass band in June.

*Actual activities are currently under review.

Feature 2: No Experience Required

Students can try activities that interest them, regardless of their previous club experience or skills.

Feature 3: Creating Opportunities to Discover What They Love

By exposing them to a variety of options, the Company aims to help students discover new interests and passions in various sports and cultural activities.

Leifras hopes that Muroran’s initiative will inspire school club activities in areas with declining birth rates, and plans to work closely with the Board of Education of Muroran City and related organizations to ensure safe and secure club activity operations.

Past and Future Initiatives with Muroran City

Leifras has built a long-standing relationship with Muroran City through a series of initiatives.

In April 2023, Leifras signed a basic agreement with Muroran City regarding the designated management of Shukutsu Park Soccer Field and opened “Leifras Football Park.” Based on this collaboration, the Company signed the “Demonstration Project and Advisory Contract for the Regional Transition of Holiday Club Activities in Muroran City in 2025,” working together to promote the regional transition of club activities in Muroran City.

In order to address social issues through sports, the Company plans to continue to work with Muroran City to support the sustainable operation of club activities in areas experiencing a declining birthrate.

Market Environment and Trends

Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) has designated the six-year period from 2026 to 2031 as the “Reform Implementation Period” under its “Comprehensive Guidelines for the Reform of Club Activities and the Promotion of Community Club Activities”. The guidelines clearly state the following specific initiatives for this period:

  • Holiday Club Activities: In principle, MEXT aims to shift all holiday club activities to community-based models.
  • Weekday Club Activities: MEXT plans to execute further reforms while addressing various issues.

Leifras’ contract with Muroran City is a long-term contract commencing in 2026, the first year of this “Reform Implementation Period,” marking an example aligned with the national roadmap.

As this nationwide transition to community-based clubs accelerates, Leifras aims to further strengthen its position in the expanding market for outsourced public education-related services.

Achievements in Club Activity Support

Leifras has been supporting school clubs since before the nationwide call for localization of club activities, and has been cooperating with a number of local governments across Japan. The Company’s financial results for the nine months ended September 30, 2025 also reflected this high demand for school club support, with social business sales increasing 36.4% year-on-year and the number of schools contracted for club activities increasing 53.2% year-on-year, demonstrating continued rapid growth.

  • Social business sales: JPY 2,358.6 million (+36.4% year-on-year)
  • Number of schools contracted for club activities: 360 schools (+53.2% year-on-year)

Selected Projects Ongoing Since Fiscal Year 2024

Leifras is expanding its portfolio of club activity support projects, including multi-year contracts, primarily in urban areas and large municipalities.

  • Aichi Prefecture, Nagoya City (Chikusa Ward, Showa Ward, and 14 other wards): New athletic and cultural activity projects at Nagoya City elementary schools
  • Aichi Prefecture, Nagoya City: Nagoya Club Activity Talent Bank Contract Project
  • Tokyo, Minato Ward: Club activity coaching services

Selected New Projects Since Fiscal Year 2025

  • Osaka Prefecture, Suita City: Suita City Junior High School Club Activity Management and Operation Services
  • Tokyo, Shibuya Ward: Operation and management personnel and specialized instructor placement for 10 athletic clubs at two public junior high schools
  • Hokkaido, Monbetsu City: Monbetsu City Community Club Management Services

About LEIFRAS Co., Ltd.

Headquartered in Tokyo, Leifras is a sports and social business company dedicated to youth sports and community engagement. The Company primarily provides services related to the organization and operations of sports schools and sports events for children. As of December 31, 2024, Leifras was recognized as one of Japan’s largest operators of children’s sports schools in terms of both membership and facilities by Tokyo Shoko Research. The Company’s approach to sports education emphasizes the development of non-cognitive skills, following the teaching principle “acknowledge, praise, encourage, and motivate.” The holistic approach that integrates physical and mental development sets Leifras apart in the industry. Building upon deep experience and know-how in sports education, Leifras also operates a robust social business sector, dispatching sports coaches to meet various community needs with the aim to promote physical health, social inclusion, and community well-being across different demographics.

For more information, please visit the Company’s website: https://ir.leifras.co.jp/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

LEIFRAS Co., Ltd.
Investor Relations Department
Email: IR@leifras.co.jp 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

Webull Reports Fourth Quarter and Full Year 2025 Financial Results

Company marks first full year as public company with record revenue of $571 million and record net deposits of $8.6 billion, representing a 46% and 91% increase respectively 

Webull will continue to expand product offering globally while remaining laser-focused on being the platform of choice for active, self-directed investors 

ST. PETERSBURG, Fla., March 5, 2026 /PRNewswire/ — Webull Corporation (NASDAQ: BULL) (“Webull” or the “Company”) today announced financial and operating results for the fourth quarter and full year of 2025, which ended December 31, 2025.

“I’m tremendously proud to report our first full-year results as a public company, including record revenues, AUM, customer accounts and the number of markets we serve. Webull was founded as a platform providing investors with access to valuable market information and advanced tools, and the introduction of our proprietary AI tool, Vega, will allow us to accomplish that mission in ways that are truly transformative for Webull and our users,” said Anthony Denier, Group President and U.S. CEO of Webull. “From our start, we have built our business around improving the investing experience for self-directed traders and deploying Vega brings us to a whole new level of excellence in this regard. We are proud to have become the platform of choice for sophisticated, active, self-directed investors, with a business grounded in our core equity and options offerings while also expanding into new asset classes, geographies and types of investors. The scale we have achieved is a testament to the hard work and thought leadership of our team.”

“We reported another quarter of strong financial performance, particularly in our equities and options businesses, which contributed to a significant full-year revenue increase,” said H.C. Wang, Chief Financial Officer of Webull. “We’re seeing robust returns on our strategic investment in marketing, innovation and addressable market expansion and are confident that we are positioning Webull to deliver lasting shareholder value.”

Fourth Quarter Results

Financial Results                                                                                                                                

  • Total revenues increased 50% year-over-year to $165.2 million.
  • Trading-related revenue increased 56% year-over-year.
  • Total operating expenses increased 55% year-over-year, primarily driven by higher brokerage and transaction costs, reflecting rapid growth in trading volumes and product expansion, and increased marketing and branding expenses which led to record net deposits.
  • Adjusted operating expenses increased 62% year-over-year to $143.6 million.
  • Income from continuing operations before income taxes totaled $8.1 million for the quarter, representing a year-over-year decrease of $9.2 million, primarily due to increased marketing and branding expenses and continued investment in our product and global expansion efforts.
  • Adjusted operating profit totaled $21.6 million for the quarter and was consistent year-over-year.
  • Adjusted operating profit per share – basic and diluted was $0.04, compared with an adjusted operating profit per share of $0.16 (basic and diluted) in the prior year comparative quarter. The increase in our outstanding shares between the periods contributed to the decline.
  • Net income attributable to the Company decreased to $3.0 million for the quarter from $10.8 million for the prior year comparative quarter.
  • Adjusted net income decreased to $14.6 million for the quarter, compared to $15.0 million for the prior year comparative quarter.
  • Net income per ordinary share – basic and diluted was $0.01 per share, compared to basic and diluted loss per ordinary share of $0.22 per share for the prior year comparative quarter.[1]

Operating Results

  • Customer assets totaled $24.6 billion, an all-time high, representing 81% year-over-year growth, driven by market recovery and strong net deposits, which grew 225% year-over-year.
  • Funded accounts increased to 5.0 million, representing 8% year-over-year growth.
  • Registered users increased 15% year-over-year to 26.8 million users.
  • Options contracts volume grew to 154 million, a 38% year-over-year increase and an increase of 5% from the previous quarter.
  • Equity notional volume grew to $239 billion, representing an 87% year-over-year increase and an increase of 17% from the previous quarter.
  • DARTs increased to 1.2 million, representing 55% year-over-year growth.

Full Year Results

Financial Results

  • Revenues increased 46% year-over-year to $571 million.
  • Trading-related revenue increased 59% year-over-year.
  • Total operating expenses increased 27% year-over-year primarily driven by higher brokerage and transaction costs, reflecting growth in trading volumes, and increased technology and development and general and administrative expenses due to headcount growth to support continued investment in product and global expansion efforts.
  • Adjusted operating expenses increased 24% year-over-year.
  • Income from continuing operations before income taxes for the year was $45.2 million as compared to a loss for the prior year of $12.1, an increase of $57.3 million.
  • Adjusted operating profit for the year was $110.3 million, a year-over-year increase of $92 million.
  • Adjusted operating profit per share – basic and diluted was $0.28, compared with an adjusted operating profit per share of $0.13 (basic and diluted) for the prior year.
  • Net Income attributable to the Company was $24.8 million for the year as compared to a net loss of $22.7 million for the prior year, an increase of $47.5 million.
  • Adjusted net income increased $76.3 million to $84.2 million for the year.
  • Net Loss per ordinary share – basic and diluted was $1.23, compared to $3.73 (basic and diluted) for the prior year.[1]

Operating Results 

  • Option contracts volume increased to 550 million, representing a 19% year-over-year increase.
  • Equity notional volume increased to 732 billion, representing a 59% year-over-year increase.

Company Highlights

Fourth Quarter 

  • Introduced Vega AI, the next evolution of our AI-powered decision partner delivering real-time, personalized insights and analysis using news, earnings, and data for investors to help them navigate the complexities of modern trading.
  • Launched corporate bond trading for U.S. customers, building on our previous rollout of U.S. government bond trading, enabling further user portfolio diversification.
  • Entered into a partnership with Meritz Financial Group, one of South Korea’s largest financial institutions, to offer South Korean investors seamless access to U.S. equity markets.

Full Year

  • Officially relaunched cryptocurrency trading in the U.S. market, giving users access to their Webull Pay accounts directly within the Webull app, and allowing them to trade cryptocurrency alongside all other Webull products.
  • Launched cryptocurrency in Australia, enabling access to trading of up to 240 cryptocurrencies powered by a partnership with Coinbase Prime.
  • Launched Webull in the European Union with the introduction of brokerage services in the Netherlands, giving retail investors access to European and U.S.-listed equities, fractional shares, European ETFs and U.S. options.
  • Rolled out Level 3 Options for our customers in Canada, Singapore and Hong Kong, granting access to a broader range of U.S. options strategies and providing clients with exposure to all areas of capital markets to empower full control over their portfolios.

[1] The fourth quarter year-over-year increase in basic and diluted net income per ordinary share and the annual year-over-year decrease in basic and diluted net loss per ordinary share was primarily driven by the conversion of our preferred stock into ordinary shares upon the closing of our business combination transaction with SK Growth Opportunities Corporation in April 2025.  Since April 2025, we no longer recognize non-cash accounting losses that result from increases in the fair value of our preferred shares as we no longer have any preferred stock outstanding.

Conference Call Information 

Webull will host a conference call to discuss its results at 5:00 p.m. E.T. today, March 4, 2025. The conference call can be accessed at https://event.choruscall.com/mediaframe/webcast.html?webcastid=hwHZv0ih or participants may dial 1-866-652-5200 (U.S.) or 1-412-317-6060 (international).

Following the call, a replay and transcript will be available on the Company’s website at www.webullcorp.com/investor-relations, as well as the earnings press release and accompanying slide presentation.

About Webull Corporation 

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 26 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com. You may also access certain information on Webull and its securities on the website of the U.S. Securities and Exchange Commission (the “SEC”) at http://www.sec.gov, where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F.

Contacts

For Investors
ir@webullcorp.com 

For Media
5W Public Relations
Nicholas Koulermos
Webull@5wpr.com
(212) 999-5585

Use of Non-GAAP Financial Measures

We use adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses, all of which are non-GAAP financial measures, to evaluate our operating results and for financial and operational decision-making purposes. Adjusted operating profit represents income from continuing operations, before income taxes, excluding share-based compensation expenses, one-time transactions, and other expense (income), net. Adjusted operating profit per share represents adjusted operating profit divided by our weighted average shares outstanding on a basic and diluted basis. Adjusted net income represents net income attributable to the Company, excluding share-based compensation expenses, foreign currency transaction gains and losses, and one-time transactions. Adjusted operating expenses represent total operating expenses, excluding share-based compensation expenses and one-time transactions.

We believe that adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in income before income taxes, net income, and total operating expenses. We believe that adjusted operating profit, adjusted net income, and adjusted operating expenses provide useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses should not be considered in isolation or construed as an alternative to income before income taxes, earnings per share, net income attributable to the Company, and total operating expenses or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to compare the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Financial Measures” set forth at the end of this press release.

Definitions

“Customer assets” refer to the sum of the fair value of all equities, ETFs, options, warrants, futures, digital assets and cash held by customers in their Webull brokerage accounts, net of customer margin balances, as of the record date. While customer assets are significantly impacted by mark-to-market valuations of customers’ investments and digital holdings, we consider customer assets an important metric as growth in customer assets generally leads to an increase in trading volumes and revenue.

“DARTs” refer to daily average revenue trades, which is the number of customer trades executed during a given period divided by the number of trading days in that period. DARTs provide us information on how active our customers trade.  A limitation of this metric is that it does not capture the size of the trade and revenue per trade varies significantly depending on size and type of trades.

“Funded accounts” refer to Webull brokerage accounts into which the customer has made an initial deposit or money transfer, of any amount, whose account balance (which is measured as the fair value of assets in the customer’s account less the amount due from the customer) has not dropped to or below zero for 45 consecutive calendar days as of the record date. Funded accounts reflect unique customers, and multiple funded accounts by a single customer are counted as one funded account. Growth in our funded accounts provides insight as to the effectiveness of our marketing efforts and our ability to acquire monetizable customers. Funded accounts are positively correlated with, but are not determinative, of customer assets, trading volumes, and revenue.

“Options contracts volume” refers to the total number of options contracts bought or sold over a specified period of time. Options contracts volume directly drives our options trading revenue, as we earn payment for order flow or commissions for customers’ options trades on a per contract basis. However, options contracts volume is highly sensitive to market conditions in the short-term, which makes predicting our options trading revenue with precision difficult.

“Registered users” refer to those users who have registered on our platform but not necessarily have opened a brokerage account with one of our licensed broker-dealers. Growth in our registered users provides insight as to the popularity of the Webull App. While we do not generate revenue from registered users who do not have brokerage accounts with us, registering an account on the Webull App is the first step toward opening and funding a brokerage account with us.

 

 

Webull Corporation

Condensed Consolidated Statements of Financial Position

December 31,
2025

December 31,
2024

Unaudited

Assets

Cash and cash equivalents

$

653,188,906

$

270,728,008

Cash and cash equivalents segregated under federal and foreign
requirements

1,537,119,275

939,232,153

Receivables from brokers, dealers, and clearing organizations

562,961,145

262,093,040

Receivables from customers, net

708,785,550

301,107,428

Prepaid expenses and other current assets

50,208,272

50,344,836

Customer-held fractional shares

172,309,953

108,252,531

Total current assets

3,684,573,101

1,931,757,996

Right-of-use assets

64,357,655

66,293,751

Property and equipment, net

35,894,855

33,629,770

Intangible assets, net

55,434,567

19,415,963

Goodwill

30,264,138

5,197,438

Deferred tax assets

9,346,987

12,374,499

Other non-current assets

1,000,000

Total non-current assets

196,298,202

136,911,421

Total assets

$

3,880,871,303

$

2,068,669,417

Liabilities, mezzanine equity, and shareholders’ equity (deficit)

Payables due to customers

$

2,667,837,626

$

1,378,625,130

Payables due to brokers, dealers, and clearing organizations

3,481,115

1,490,537

Lease liabilities – current portion

3,611,195

4,969,959

Accounts payable and other accrued expenses

102,183,377

61,079,799

Total current liabilities

2,777,113,313

1,446,165,425

Lease liabilities – non-current portion

8,911,821

10,438,555

Unsecured promissory notes

65,000,000

Deferred tax liabilities

13,366,222

5,292,255

Total non-current liabilities

87,278,043

15,730,810

Total liabilities

2,864,391,356

1,461,896,235

Commitments and Contingencies

Mezzanine equity

Convertible redeemable preferred shares (aggregate liquidation preference
   of $0 and $644,132,365 as of December 31, 2025 and December 31,
   2024, respectively; and aggregate redemption value of $0 and
   $2,861,748,733 as of December 31, 2025 and December 31, 2024,
   respectively)

2,861,748,733

Total mezzanine equity

2,861,748,733

Shareholders’ equity (deficit)

Class A ordinary shares ($0.00001 par value; 4,000,000,000 shares
   authorized, 440,715,769 and 439,591,704 shares issued and
   outstanding as of December 31, 2025, respectively; and 143,531,580
   and 139,307,224 shares issued and outstanding as of December 31,
   2024, respectively)

4,396

1,393

Class B ordinary shares ($0.00001 par value, 1,000,000,000 shares
   authorized, 83,859,005 shares issued and outstanding as of December
   31, 2025 and no shares as of December 31, 2024)

839

Treasury shares (1,124,485 and 4,224,356 shares as of December 31,
   2025 and December 31, 2024, respectively)

Additional paid in capital

3,192,952,827

Accumulated deficit

(2,178,189,845)

(2,241,054,086)

Accumulated other comprehensive income (loss)

1,524,496

(15,195,946)

Total shareholders’ equity (deficit)

1,016,292,713

(2,256,248,639)

Noncontrolling interest

187,234

1,273,088

Total equity (deficit)

1,016,479,947

(2,254,975,551)

Total liabilities, mezzanine equity, and total equity (deficit)

$

3,880,871,303

$

2,068,669,417

 

 

Webull Corporation

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

Year Ended December 31,

2025

2024

Revenues

Equity and option order flow rebates

$

304,126,641

$

197,069,562

Interest related income

154,256,508

130,451,877

Handling charge income

87,293,753

49,044,700

Other revenues

25,319,904

13,663,533

Total revenues

570,996,806

390,229,672

Operating expenses

Brokerage and transaction

128,749,064

79,306,618

Technology and development

79,184,019

63,840,463

Marketing and branding

135,947,415

138,721,231

General and administrative

168,642,689

122,714,628

Total operating expenses

512,523,187

404,582,940

Other expense (income), net

13,275,139

(2,302,693)

Income (loss) from continuing operations, before income taxes

45,198,480

(12,050,575)

Provision for income taxes

20,832,451

13,823,355

Income (loss) from continuing operations, net of tax

24,366,029

(25,873,930)

Income from discontinued operations, net of tax

2,691,778

Net income (loss)

24,366,029

(23,182,152)

Less net loss attributable to noncontrolling interest

(404,675)

(488,504)

Net income (loss) attributable to the Company

24,770,704

(22,693,648)

Preferred shares redemption value accretion

(21,702,737)

(495,088,038)

Fair value of ordinary shares issued to preferred shareholders

(513,080,828)

Fair value of ordinary share warrants issued to preferred shareholders

(15,600,000)

Excess carrying value of preferred shares repurchased

38,093,537

Net loss attributable to ordinary shareholders

$

(487,519,324)

$

(517,781,686)

Amounts attributable to ordinary shareholders

Income (loss) from continuing operations

$

24,366,029

$

(25,873,930)

Less loss from continuing operations attributable to noncontrolling interest

(404,675)

(488,504)

Income (loss) from continuing operations attributable to the Company

24,770,704

(25,385,426)

Preferred shares redemption value accretion

(21,702,737)

(495,088,038)

Fair value of ordinary shares issued to preferred shareholders

(513,080,828)

Fair value of ordinary share warrants issued to preferred shareholders

(15,600,000)

Excess carrying value of preferred shares repurchased

38,093,537

Loss from continuing operations attributable to ordinary shareholders

$

(487,519,324)

$

(520,473,464)

Income from discontinued operations attributable to ordinary shareholders

2,691,778

Net loss attributable to ordinary shareholders

$

(487,519,324)

$

(517,781,686)

Loss per share from continuing operations attributable to ordinary
shareholders

Basic and diluted

$

(1.23)

$

(3.75)

Income per share from discontinued operations attributable to ordinary
shareholders

Basic and diluted

$

$

0.02

Net loss attributable to ordinary shareholders

Basic and diluted

$

(1.23)

$

(3.73)

Weighted-average shares outstanding

Basic and diluted

396,999,679

138,828,900

Net income (loss)

$

24,366,029

$

(23,182,152)

Other comprehensive income (loss), net of tax:

Change in cumulative foreign currency translation adjustment

16,691,471

(8,430,811)

Other comprehensive income (loss)

16,691,471

(8,430,811)

Comprehensive income (loss)

41,057,500

(31,612,963)

Less comprehensive loss attributable to noncontrolling interest

(404,675)

(488,504)

Less foreign currency translation adjustment attributable to noncontrolling
interest

(28,971)

(94,666)

Preferred shares redemption value accretion

(21,702,737)

(495,088,038)

Fair value of ordinary shares issued to preferred shareholders

(513,080,828)

Fair value of ordinary share warrants issued to preferred shareholders

(15,600,000)

Excess carrying value of preferred shares repurchased

38,093,537

Comprehensive (loss) income attributable to ordinary shareholders

$

(470,798,882)

$

(526,117,831)

 

 

Webull Corporation

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

For the Three Months Ended December 31,

2025

2024

Revenues

Equity and option order flow rebates

$

87,669,418

$

58,415,050

Interest related income

43,470,483

33,072,378

Handling charge income

26,305,046

15,243,316

Other revenues

7,753,875

3,527,077

Total revenues

165,198,822

110,257,821

Operating expenses

Brokerage and transaction

35,098,985

22,567,222

Technology and development

20,589,708

17,509,441

Marketing and branding

53,254,342

23,358,023

General and administrative

39,056,787

31,786,151

Total operating expenses

147,999,822

95,220,837

Other expense (income), net

9,065,477

(2,271,535)

Income from continuing operations, before income taxes

8,133,523

17,308,519

Provision for income taxes

5,118,410

9,379,479

Income from continuing operations, net of tax

3,015,113

7,929,040

Income from discontinued operations, net of tax

2,691,778

Net income

3,015,113

10,620,818

Less net loss attributable to noncontrolling interest

(26,213)

(141,167)

Net income attributable to the Company

3,041,326

10,761,985

Preferred shares redemption value accretion

(42,177,264)

Fair value of ordinary shares issued to preferred shareholders

Fair value of ordinary share warrants issued to preferred shareholders

Excess carrying value of preferred shares repurchased

Net income (loss) attributable to ordinary shareholders

$

3,041,326

$

(31,415,279)

Amounts attributable to ordinary shareholders

Income from continuing operations

$

3,015,113

$

7,929,040

Less loss from continuing operations attributable to noncontrolling interest

(26,213)

(141,167)

Income from continuing operations attributable to the Company

3,041,326

8,070,207

Preferred shares redemption value accretion

(42,177,264)

Fair value of ordinary shares issued to preferred shareholders

Fair value of ordinary share warrants issued to preferred shareholders

Excess carrying value of preferred shares repurchased

Income (loss) from continuing operations attributable to ordinary
shareholders

$

3,041,326

$

(34,107,057)

Income from discontinued operations attributable to ordinary shareholders

2,691,778

Net income (loss) attributable to ordinary shareholders

$

3,041,326

$

(31,415,279)

Income (loss) per share from continuing operations attributable to ordinary
shareholders

Basic

$

0.01

$

(0.24)

Diluted

$

0.01

$

(0.24)

Income per share from discontinued operations attributable to ordinary
shareholders

Basic

$

$

0.02

Diluted

$

$

0.02

Net income (loss) attributable to ordinary shareholders

Basic

$

0.01

$

(0.22)

Diluted

$

0.01

$

(0.22)

Weighted-average shares outstanding

Basic

521,969,391

139,307,224

Diluted

535,685,132

139,307,225

Net income

$

3,015,113

$

10,620,818

Other comprehensive income (loss), net of tax:

Change in cumulative foreign currency translation adjustment

7,208,159

(9,615,203)

Other comprehensive income (loss)

7,208,159

(9,615,203)

Comprehensive income

10,223,272

1,005,615

Less comprehensive loss attributable to noncontrolling interest

(26,213)

(141,167)

Less foreign currency translation adjustment attributable to noncontrolling
interest

392

(68,888)

Preferred shares redemption value accretion

(42,177,264)

Fair value of ordinary shares issued to preferred shareholders

Fair value of ordinary share warrants issued to preferred shareholders

Excess carrying value of preferred shares repurchased

Comprehensive income (loss) attributable to ordinary shareholders

$

10,249,093

$

(40,961,594)

 

 

Webull Corporation

Unaudited Annual Reconciliation of Non-GAAP and GAAP Financial Measures

Adjusted Operating Expenses Reconciliation

(Unaudited)

For the Years Ended December 31,

2025

2024

2023

Total operating expenses (GAAP)

$

512,523,187

$

404,582,940

$

366,623,191

Less:  Share-based compensation

43,872,899

32,587,611

29,411,885

One-time transaction:

Less:  Webull Pay transaction related employee
distributions

7,925,436

Adjusted operating expenses (Non-GAAP)

$

460,724,852

$

371,995,329

$

337,211,306

 

 

Adjusted Operating Profit Reconciliation

(Unaudited)

For the Years Ended December 31,

2025

2024

2023

Income (loss) from continuing operations, before income
taxes

$

45,198,480

$

(12,050,575)

$

20,178,094

Add: Other expense (income), net

13,275,139

(2,302,693)

2,801,285

Add: Share-based compensation

43,872,899

32,587,611

29,411,885

One-time transaction:

Add:  Webull Pay transaction related employee
distributions

7,925,436

Adjusted operating profit (loss) (Non-GAAP)

$

110,271,954

$

18,234,343

$

52,391,264

Adjusted operating profit per share (Non-GAAP) – basic
and diluted

$

0.28

$

0.13

$

0.38

Weighted-average shares outstanding – basic and diluted

396,999,679

138,828,900

137,965,591

 

 

Adjusted Net Income Reconciliation

(Unaudited)

For the Years Ended December 31,

2025

2024

2023

Net income (loss) attributable to the Company (GAAP)

$

24,770,704

$

(22,693,648)

$

6,069,284

Add: Share-based compensation

43,872,899

32,587,611

29,411,885

Add: Foreign currency transaction losses (gains)

12,191,586

(1,972,531)

2,295,582

One-time transactions:

Add:  Equity offering costs

10,976,693

Add:  Webull Pay transaction related employee
distributions

7,925,436

Less:  Gain from Webull Pay acquisition

(15,495,593)

Adjusted net income (loss) (Non-GAAP)

$

84,241,725

$

7,921,432

$

37,776,751

 

 

Webull Corporation

Unaudited Quarterly Reconciliation of Non-GAAP and GAAP Financial Measures

Adjusted Operating Expenses Reconciliation

(Unaudited)

          For the Three Months Ended

                     (Unaudited)

 

December 31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Total operating expenses
(GAAP)

 

$95,220,837

$

96,782,106

$

135,218,723

$

132,522,536

$

147,999,822

Less:  Share-based
compensation

 

6,621,570

8,069,045

26,969,402

4,483,566

4,350,886

One-time transaction:

Add:  Webull Pay transaction
related employee distributions

7,925,436

Adjusted operating expenses
(Non-GAAP)

 

$88,599,267

$

88,713,061

$

108,249,321

$

120,113,534

$

143,648,936

 

 

Adjusted Operating Profit Reconciliation

(Unaudited)

         For the Three Months Ended

                      (Unaudited)

December 31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Income (loss) from continuing
operations, before income
taxes

$17,308,519

$

19,497,312

$

(21,385,169)

$

38,952,814

$

8,133,523

Add: Other (income) expense,
net

(2,271,535)

1,089,417

17,659,796

(14,539,551)

9,065,477

Add: Share-based
compensation

6,621,570

8,069,045

26,969,402

4,483,566

4,350,886

One-time transaction:

Add:  Webull Pay transaction
related employee distributions

7,925,436

Adjusted operating profit (Non-
GAAP)

$21,658,554

$

28,655,774

$

23,244,029

$

36,822,265

$

21,549,886

Adjusted operating profit per
share (Non-GAAP) – basic

$           0.16

$

0.21

$

0.05

$

0.08

$

0.04

Adjusted operating profit per
share (Non-GAAP) – diluted

$           0.16

$

0.21

$

0.05

$

0.07

$

0.04

Weighted-average shares
outstanding – basic

139,307,224

139,307,224

431,390,035

490,103,946

521,969,391

Weighted-average shares
outstanding – diluted

139,307,224

139,307,224

431,390,035

508,333,712

535,685,132

 

 

Webull Corporation

Unaudited Quarterly Reconciliation of Non-GAAP and GAAP Financial Measures (Cont.)

Adjusted Net Income Reconciliation

(Unaudited)

         For the Three Months Ended

                      (Unaudited)

December 31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Net income (loss) attributable to
the Company (GAAP)

 

$

 

10,761,985

$

13,085,807

$

(28,274,027)

$

36,917,598

$

3,041,326

Add: Share-based compensation

6,621,570

8,069,045

26,969,402

4,483,566

4,350,886

Add: Foreign currency transaction
losses (gains)

 

(2,439,029)

103,707

5,740,232

(865,581)

7,213,228

One-time transaction:

Add:  Equity offering costs

10,976,693

Add:  Webull Pay transaction
related employee distributions

7,925,436

Less:  Gain from Webull Pay
acquisition

 

(15,495,593)

Adjusted net income (Non-GAAP)

$14,944,526

$

21,258,559

$

15,412,300

$

32,965,426

$

14,605,440

 

Contra Revenue Impact 

Most of our platform users are not considered customers under ASC 606, Revenues from Contracts with Customers (“ASC 606”), and promotional payments made to these platform users are accounted for as a marketing and branding expense. Conversely, for our platform users who have been determined to be customers under ASC 606, we account for these promotional payments as a reduction in revenue (i.e., “contra revenue”). The following presents how contra revenue impacted our revenues.

Annual Impact:

For the Year Ended December 31,

2025

2024

2023

Contra revenue impact on:

(Unaudited)

Option handling fees

$

(9,994,695)

$

(503,805)

$

(252,982)

Platform and trading fees

(9,856,696)

(3,120,124)

(265,128)

Other income

(1,330,457)

Total contra revenue

$

(21,181,848)

$

(3,623,929)

$

(518,110)

 

Quarterly Impact:

        For the Three Months Ended

December

31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Contra revenue impact on:

                    (Unaudited)

Option handling fees

$    (42,833)

$

(118,541)

$

(1,440,872)

$

(2,241,855)

$

(6,193,427)

Platform and trading fees

(1,027,489)

(2,706,115)

(3,219,590)

(1,204,441)

(2,726,550)

Other income

(427,442)

(214,069)

(688,946)

Total contra revenue

$(1,070,322)

$

(2,824,656)

$

(5,087,904)

$

(3,660,365)

$

(9,608,923)

 

Statement regarding unaudited financial and operational information

The unaudited financial and operational information included in this press release is subject to potential adjustments and is based on the information available to management at this time. Potential adjustments to operational and consolidated financial information may be identified from work performed during Webull’s preparation of financial statements subsequently hereto or its year-end audit. Information may also be presented differently from the information included herein in the future. This could result in significant differences from the unaudited or other historical operational and financial information included herein.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release or other statements of the Company made in connection herewith, including, for instance, statements as to business strategy and plans, future results of operations and financial position, planned products and services, objectives of management for future operations or strategies of the Company, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggests,” “plan,” “believe,” “predict,” “potential,” “seek,” “future,” “propose,” “continue,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology.

All forward-looking statements are based upon current estimates and forecasts and reflect the reasonable views, assumptions, expectations, and opinions of the Company and its management as of the date of this press release, and are therefore subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company and its management and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to: (1) the ability of the Company to grow and manage growth profitably, maintain relationships and deepen engagement with users, customers and suppliers, and retain its management and key employees; (2) the reliance of key functions of the Company’s business on third-parties and the risk that the Company’s platform and systems rely on software and applications that are highly technical and may contain undetected errors that could result in unexpected network interruptions, failures, security breaches, or computer virus attacks; (3) the risks associated with the Company’s global operations and continued global expansion, including, but not limited to, the risks related to complex or constantly evolving political or regulatory environments that may result in substantial costs or require adverse changes to the Company’s business practices; (4) the Company’s estimates of expenses and costs, of profitability or of other operational and financial metrics as well as the Company’s expectations regarding demand for and market acceptance of its products and service; (5) the Company’s reliance on trading related income, including payment for order flow (“PFOF”), and the risk of new regulation or bans on PFOF and similar practices; (6) the Company’s exposure to fluctuations in interest rates, rapidly changing interest rate environments, volatile prices of securities and digital assets and their respective trading volumes; (7) the Company’s reliance on a limited number of market makers and liquidity providers to generate a large portion of its revenues, and the negative impact of the loss of any of those market makers or liquidity providers; (8) the effects of competition in the Company’s industry and the Company’s need to constantly innovate and invest in new markets, products, technologies or services to retain, attract and deepen engagement with users; (9) changes in international trade policies and trade disputes that could result in tariffs, taxes or other protectionist measures adversely affecting our business; (10) risks related to general political, economic and business conditions globally and in jurisdictions where the Company operates; (11) risk of further actions taken by various government bodies in the United States that have made the Company the subject of inquiries and investigations relating to concerns about our connections to China; (12) the risk that the failure to protect customer data and privacy or to prevent security breaches relating to the Company’s platform could result in economic loss, damage to its reputation, deter customers from using its products and services, and expose it to legal penalties and liability; (13) the risks associated with incorporating artificial intelligence technologies into certain of our products and processes, including potential regulatory, operational, reputational, or compliance challenges; (14) risks related to the Company’s need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures as well as to maintain capital levels required by regulators and self-regulatory organizations; (15) the ability to meet, or continue to meet, stock exchange listing standards; (16) the possibility of adverse developments in pending or new litigation and regulatory investigations; (17) risks relating to our offering of event contracts or prediction market products in the United States, including potential changes in regulatory interpretations or enforcement priorities; (18) risks related to significant disruptions in the cryptocurrency market that negatively impacts user engagement with cryptocurrency trading on our platform; (19) political, regulatory or economic changes that affect cryptocurrencies, including changes in the governance of a cryptocurrency; (20) risks related to the offer and resale of our securities, such as dilution from the issuance of additional Class A ordinary shares upon the exercise of warrants, and increased volatility, or significant declines, in the price of our securities based on increased trading activity and the perception that sales of our securities may occur; and (21) other risks and uncertainties that are more fully described in filings made, or to be made, by the Company with the SEC, including in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s filings with the SEC, such as the Company’s Annual Report on Form 20-F, as amended, filed with the SEC on April 25, 2025. The foregoing list of factors is not exhaustive. Reported results should not be considered an indication of future performance. There may be additional risks that the Company and its management presently do not know about or that the Company and its management currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In light of these factors, risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and any estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release should be regarded as preliminary and for illustrative purposes only and accordingly, undue reliance should not be placed upon the forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

 

Bamboo Rose and R.M.Williams Expand Retail Planning Partnership on TotalPLM™

BOSTON and SYDNEY, March 5, 2026 /PRNewswire/ — Bamboo Rose announced continued momentum in its partnership with iconic Australian brand R.M.Williams, a long-standing customer of Bamboo Rose Plan, formerly Foresight Retail and now part of the TotalPLM™ platform. R.M.Williams is live on Item Planning and is progressing toward Merchandise Financial Planning, with additional capabilities planned through 2026.

Bamboo Rose and R.M.Williams Expand Retail Planning Partnership on TotalPLM™
Bamboo Rose and R.M.Williams Expand Retail Planning Partnership on TotalPLM™

Through Bamboo Rose Plan, R.M.Williams is strengthening planning across both locally manufactured core products, including its celebrated Made-in-Australia boots, and purchased goods. This enables more connected and responsive decision-making across the assortment.

“R.M.Williams has been a valued partner, and it’s exciting to see the momentum they’re building with Bamboo Rose Plan within TotalPLM,” said Gary Lalli, planning product strategist at Bamboo Rose. “Their team is using planning to support a powerful Australian manufacturing story while creating a foundation for future growth and emerging AI capabilities.”

“Partnering with Bamboo Rose is helping us modernize the way we plan and make decisions across the business,” said Peter Ratcliffe, head of technology at R.M.Williams. “By bringing planning into a more connected, data-driven environment, we’re building a stronger foundation for innovation and scalable growth while supporting the unique needs of our locally made and purchased ranges.”

Together, Bamboo Rose and R.M.Williams will continue to expand the partnership to support the brand’s long-term growth, operational agility, and commitment to delivering exceptional products to customers in Australia and around the world.

About R.M.Williams
Founded in 1932, R.M.Williams is one of Australia’s most iconic footwear and apparel brands, known for premium craftsmanship and locally made boots. The brand continues to innovate while honoring its Australian heritage.

About Bamboo Rose
Bamboo Rose is a global leader in enterprise retail technology solutions. TotalPLM™ is the most comprehensive Product Lifecycle Management (PLM) platform, integrating Planning and Merchandising, Creative Collaboration, Product Development, Sourcing, Supplier Relationship Management, Purchase Order Management, and Global Trade Management — all powered by AI-fueled Decision Intelligence. Built for scalability and agility, the Bamboo Rose platform helps retailers and brands optimize operations, drive margin growth, and meet evolving industry demands. Learn more at bamboorose.com or follow Bamboo Rose on LinkedIn.

Photo – https://laotiantimes.com/wp-content/uploads/2026/03/bamboo_rose_rm_williams.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2026/03/bamboo_rose_new_logo.jpg 

Fedcap Expands Global Footprint with Acquisition of The Community Collective QLD, Entering the Australian Market

NEW YORK and SIPPY DOWNS, Australia, March 5, 2026 /PRNewswire/ — Fedcap, 90-year old global non-profit advancing economic mobility and wellbeing, today announced the acquisition of The Community Collective QLD (TCCQ), a Queensland-based provider of disability support and employment services in the Sunshine Coast region. This marks Fedcap’s strategic expansion into the Australian market, strengthening its international network of service organisations dedicated to empowering people with disabilities and other barriers to full participation in sustainable employment.

The Community Collective QLD is a registered provider under Australia’s National Disability Insurance Scheme (NDIS), delivering a broad suite of services that support participants’ independence, community participation, employment pathways, and life skill development.

“We are pleased to welcome The Community Collective QLD into the Fedcap family,” said Christine McMahon, President and Chief Executive Officer of Fedcap. “This acquisition brings Fedcap’s decades of experience addressing persistent unemployment to the Australian market. It also creates an opportunity to integrate Australia’s best practices, including TCCQ’s model, into our broader international portfolio. By pairing our expertise with TCCQ’s strong, person-centred programming for people with disabilities, we are positioned to scale impact and create durable pathways to employment and community participation.”

The Community Collective QLD is a registered NDIS provider delivering comprehensive, person-centred supports that empower individuals with disabilities to build independence, participate fully in their communities, and pursue meaningful employment. The organisation works closely with participants to strengthen capacity and daily living skills, set and achieve personal goals, and develop greater autonomy. Through structured group programs and individualised supports, TCCQ fosters social connection, community participation, and skill development, enabling participants to engage confidently in local events and initiatives.

A core focus of the organisation is supporting young people as they transition from school to employment. TCCQ provides tailored, hands-on guidance to help participants identify career interests, build work readiness, and map out practical pathways toward sustained employment. Complementing these services, TCCQ delivers allied health supports, including face-to-face and telehealth counselling and social work services, to promote wellbeing, advocate for participant needs, and ensure steady progress toward individual goals.

Its registered NDIS support categories span community participation, behavioural support, daily living skill development, travel and transport assistance, employment preparation and retention, and specialised supported employment services – offering an integrated framework designed to advance independence, stability, and long-term economic participation.

“We’ve always been committed to creating meaningful outcomes for individuals with disabilities and their families across Queensland,” said Brendon and Sarah McIntosh, Co-Directors of The Community Collective QLD. “Joining forces with Fedcap, which has more than 90 years of extraordinary programs, enables us to deepen our impact and bring global best practices to our local community.”

Over the past seven-plus years, The Community Collective QLD has supported more than 1,000 individuals, consistently meeting or exceeding all Disability Employment Quality Standards while placing over 400 people into employment. For the past five consecutive years, the organisation has outperformed the national Disability Employment average. Today, TCCQ continues this strong trajectory, actively supporting approximately 150 individuals, with a growing waitlist reflecting sustained demand for its services.

The integration aims to deliver broader resources, shared expertise, and innovative program design to support participants with diverse needs and ambitions. As part of Fedcap’s international network, The Community Collective QLD will benefit from collaborative learning, evidence-based approaches, and cross-regional opportunities to strengthen service quality and outcomes.

About Fedcap
For nearly 90 years, Fedcap has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. Fedcap drives economic mobility through four practice areas – education, workforce development, health, and economic development. Fedcap also invests its time and resources in broader system change, working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit www.fedcapgroup.org

About The Community Collective QLD
The Community Collective QLD is a Sunshine Coast–based organisation and registered NDIS provider supporting people with disability through capacity building, community engagement, employment pathways, allied health services, and personalised NDIS support to help participants build the life they want and achieve greater independence. For more information visit: www.thecommunitycollectiveqld.com.au

Media Contact:
Jim Malatras, JMalatras@fedcap.org

Logo – https://laotiantimes.com/wp-content/uploads/2026/03/the_fedcap_group_logo.jpg 

Yarbo’s M Series Hits $1 Million on Kickstarter within 2 Hours

NEW YORK, March 5, 2026 /PRNewswire/ — Yard robotics manufacturer Yarbo’s newly launched M Series surpassed US$1 million in funding within 2 hours on Kickstarter, backed by over 200 supporters, reflecting clear market interest ahead of its official retail and strong demand for a modular, all-season yard robot designed for everyday homes.

Yarbo M Series
Yarbo M Series

After debuting the M Series at CES 2026, Yarbo launched the product through a Kickstarter crowdfunding from March 4 to April 20. Built on Yarbo’s modular DNA, the M Series delivers an intelligent, automated approach to everyday yard care while helping reduce time and operational complexity. Key highlights include:

1. One Core, Four Jobs.

The M Series supports interchangeable modules for every season, from mowing and trimming to leaf collection and snow clearing. Powered by a universal Core, the system replaces multiple single-purpose outdoor machines.

2. Easy Setup – Drop, Map, Go.

The M Series delivers a low learning curve and setup in minutes. Users can simply place the robot on the lawn, map the area, and let it get to work automatically—without buried wires, ladders, or complex calibration.

3. Compact Size. Strong performance.

The M Series delivers up to 220 lbs of towing capacity for demanding yard tasks, climbs slopes up to 35° (70%), and crosses 2-inch steps with ease. It navigates complex terrain such as pavers, roots, and uneven surfaces while reaching narrow mowing zones along fences and edges that bulkier machines often miss, all while remaining easy to push, store, and maintain.

4. High-Speed Wireless Charging. Replaceable Battery.

The high-power wireless charging system charges the 10 Ah battery from 10% to 90% in about 30 minutes, delivering up to three times faster charging than traditional charging methods while significantly reducing downtime and maximizing daily coverage.

With the M Series, Yarbo brings a solution designed to handle the complex terrain of standard residential yards, such as narrow pathways and tighter outdoor spaces. To better serve homeowners with different yard sizes, the M Series also offers multiple battery options, enabling a more tailored balance of runtime, coverage, and performance for individual yard care needs.

“The success of the M Series launch on Kickstarter highlights a shift in consumer demand toward versatile, autonomous yard care solutions,” said Kenneth Kohlmann, Co-Founder and VP at Yarbo. “This new series represents a pivotal expansion for Yarbo, allowing us to scale our vision of the smart yard to a much broader market. We are thrilled by the campaign’s momentum and look forward to bringing the new M Series to our growing community.”

The M Series is now live on Kickstarter, offering exclusive early-backer pricing starting at $2,099. Supporters can back the campaign and reserve their unit through Kickstarter.

For more information on Yarbo M Series, please visit: mseries.yarbo.com

Huawei Launches Its AI Data Platform to Power Faster AI Adoption for Enterprises

BARCELONA, Spain, March 5, 2026 /PRNewswire/ — At the Huawei AI DC Innovation Forum at MWC Barcelona 2026, Huawei unveiled its AI Data Platform, designed to address the key challenges in adopting AI agents and strengthen the data foundation for enterprise digital and intelligent transformation.

AI agents now lie at the heart of transformation. Yet, despite having massive amounts of data, enterprises still struggle to deploy AI agents at scale due to multiple challenges, including delayed knowledge acquisition and low retrieval accuracy, inefficient inference in long-sequence and multi-turn interaction scenarios, and the lack of task memory and experience accumulation. These gaps keep most AI agents confined to the demonstration stage, far from being ready for production-level enterprise applications.

Xie Liming, the President of the Flash Storage Domain of the Huawei Data Storage Product Line, launches the AI Data Platform
Xie Liming, the President of the Flash Storage Domain of the Huawei Data Storage Product Line, launches the AI Data Platform

In direct response to these shared challenges, Xie Liming, the President of the Flash Storage Domain of the Huawei Data Storage Product Line, introduced the AI Data Platform. It integrates the knowledge base, KV cache, and memory bank, and is coordinated by UCM. This platform enables enterprise AI agents to move beyond demonstrations and become real production tools.

  • Knowledge generation and retrieval with real-time, high-accuracy multimodal knowledge retrieval for agents
    This technology uses knowledge bases to continuously detect source data changes and convert raw data into knowledge in near real-time. It converts multimodal data into high-accuracy knowledge through multimodal lossless parsing and token-level encoding, with a retrieval accuracy of over 95%.
  • KV cache for inference acceleration, using historical memory data to improve the inference efficiency of agents
    The intelligent tiering and management of the KV cache greatly reduce repeated computing during inference for lower inference latency, improve inference throughput and user experience, and deliver strong performance support for long-sequence and complex agent inference.
  • Memory extraction and recall with personalized and continually summarized memory for agents
    This technology uses memory banks to accumulate working memory and experiential memory during AI agent interaction. It supports memory backtracking and multi-agent collaborative learning to continuously optimize inference accuracy and efficiency, making models smarter with use.

Looking ahead, Huawei will strengthen its investment in AI data infrastructure, empower industry transformation through ongoing innovation, and work with global customers and partners to drive broader AI adoption across more fields, unlocking the full potential of data.

Infinix NOTE 60 Ultra Ushers in New Premium Era

Thanks to powerful partnerships with industry leaders, NOTE 60 Ultra represents Infinix’s boldest entry in the flagship tier, debuting in Barcelona during MWC 2026


BARCELONA, SPAIN – Media OutReach Newswire – 4 March 2026 – Infinix is cementing its status within the premium smartphone segment in a bold new way with NOTE 60 Ultra, its landmark flagship debuting in Barcelona during Mobile World Congress 2026.

Infinix NOTE 60 Ultra Design by Pininfarina
Infinix NOTE 60 Ultra Design by Pininfarina

Co-developed with Italian automotive and design legend Pininfarina, NOTE 60 Ultra’s design is driven by an emotion-led aesthetic inspired by super cars. Beneath its bold design lies a fully realized flagship experience, integrating breakthrough in-house innovations with best-in-class partner technologies. A professional-grade 200MP ultra-high-definition imaging system, built-in multi-country satellite communication connectivity, and immersive audio precision-tuned by SOUND BY JBL come together to challenge expectations in the premium segment.

Infinix NOTE 60 Ultra family
Infinix NOTE 60 Ultra family

Supercar Design DNA in a Flagship, Shaped by Pininfarina

In the premium segment, the design language is a device’s opening statement. A user’s perception at first glance is shaped by aesthetics, long before a single specification is considered.

Drawing inspiration from the aerodynamic philosophy and pioneering spirit of high-performance sports cars, Infinix, in partnership with Pininfarina, takes a radical departure in sculpting a flagship. What stands out immediately is what’s missing: the camera bump. As premium handsets adopt larger sensors, they often sacrifice form with increasingly protruding camera modules.

True to the sports car heritage, NOTE 60 Ultra introduces a fully integrated, single-body rear: the Aluminum Unibody Design. At the heart of this craftsmanship is the World’s 1st Uni-Chassis Cam Module, formed a single, continuous sheet of CORNING® GORILLA® GLASS VICTUS that virtually conceals the presence of the camera. Much like a supercar sculpted for low-drag, the rear design maintains a smooth, uninterrupted silhouette. This also ensures a natural in-hand feel and unobtrusively slips into any pocket, while reinforcing the phone’s durability and structural integrity.

Paying homage to Italian cultural and racing heritage, NOTE 60 Ultra arrives in four striking colorways: Torino Black, Monza Red, Amalfi Blue, and Roma Silver. Each hue draws inspiration from the most iconic scenes and legends of Italy’s motorsport and cultural history, capturing the spirit of speed, lifestyle, and emotional beauty.

Just as a supercar announces its ignition through sound and light, NOTE 60 Ultra mirrors the ritual. A Floating Taillight signature spans the rear, illuminating as the device powers on. And as a final nod to automotive heritage, NOTE 60 Ultra features an Active Matrix Display reminiscent of a supercar dashboard at startup. Concealed within the rear surface, the hidden display lights up to reveal notifications, expressive icons, or a pixel-style virtual companion.

Dual Flagship Cameras for Detail, Zoom, and True-to-Life Imaging

Although discreet at first glance, Infinix makes no concessions on camera performance and earmarks a new era for Infinix’s imaging capability. Delivering performance on par with industry-leading standards, Infinix’s Dual Flagship Imaging Architecture marks several brand-first breakthroughs and improvements across three dimensions, reinforcing its position as a signature offering.

Under the hood, it’s clear that NOTE 60 Ultra refuses to settle for less. Discreetly integrated within the Uni-Chassis Cam Module is a powerful triple-camera array. Anchored by a next-generation 200MP Samsung ISOCELL HPE sensor, NOTE 60 Ultra delivers ultra-high-definition clarity. And ensuring flagship-grade versatility across focal lengths, the phone is complemented by a 50MP Samsung ISOCELL JN5 periscope telephoto lens and a 112° ultra-wide lens.

However, hardware alone does not define the full experience. For the first time, Infinix supports the XDR display standard with Ultra HDR Capture. Powered by a proprietary XDR Image Engine, Infinix’s advanced system delivers a superior dynamic range, ideal for true-to-life photos of bright lights at night or breathtaking sunset scenes.

The result is exceptional resolution that sets a higher bar for precise framing in daylight or after dark, while faithfully preserving details often lost in standard photography. Whether exploring daytime cityscapes or distant horizons, NOTE 60 Ultra excels with its advanced optical‑to‑digital zoom performance. Crisp, detailed shots are captured across a versatile zoom range, from a 2× optical crop and native 3.5× optical zoom to a 7× lossless digital zoom, extending up to 100× for extreme distances.

Expansive Satellite Calling and Messaging Coverage

Beyond what meets the eye, NOTE 60 Ultra carries a more subtle capability designed to accompany the user’s ambition, as far as and wherever the road leads. NOTE 60 Ultra is the first¹ to introduce dual-way satellite calling with expansive global coverage across a far greater number of countries¹. Powered by two-way messaging and calling beyond traditional terrestrial networks, NOTE 60 Ultra offers an added peace of mind whether navigating remote terrain beyond cellular coverage or facing large-scale network disruptions. The device bridges regional connectivity gaps to maintain communication and enables emergency location sharing when it matters most.

Ultra-Fast, Enduring Functionalities for an All-Around Flagship Experience

NOTE 60 Ultra combines category-leading performance and enduring power to support multi-sensory entertainment without interruption. Complementing this, its latest user experience delivers forward-looking innovations and AI-driven optimizations, making it more accessible and seamless for everyday use.

Impressively, Infinix debuted the Proprietary Battery Self-Healing Technology. Despite featuring a massive 7000mAh silicon-carbon battery within a slim, lightweight frame, NOTE 60 Ultra is engineered to restore up to 1%² of battery health every 200 charge cycles. Complementing this breakthrough, NOTE 60 Ultra supports wired 100W All-Around Fast Charge and 50W wireless charging, achieving a full charge from 1% to 100%² in only 48 minutes through a wired connection.

Even with a massive battery, Infinix pulls out all the stops to optimize for both speed and energy management. Featuring a 4nm all-big-core MediaTek Dimensity 8400 Ultimate chipset together with Infinix’s self-developed performance engine, NOTE 60 Ultra achieves up to 25%² faster multitasking, accelerated app responsiveness, and sustained smoothness.

NOTE 60 Ultra excels in its class with a captivating, 1.5K Ultra HDR cinematic display. Delivering fluid 144Hz responsiveness and exceptional 4500-nit peak brightness, visuals remain vibrant across most lighting conditions. Even in motion, intelligent predictive stabilization minimizes motion sickness, whether watching a film or playing games from within a car. And just as a high-performance vehicle demands calibrated acoustics, NOTE 60 Ultra doesn’t settle for less. It delivers high-fidelity audio through a stereo system with SOUND BY JBL, completing a truly compelling entertainment experience.

The NOTE 60 Ultra’s optimized performance enables its intelligent AI features to run fluidly and efficiently with minimal battery drain. Its integrated AI ecosystem focuses on practical daily-enhancing functions, including real-time vitals tracking via Advanced Health Monitor, personalized file organization and an adaptive AI-powered knowledge base, all evolving with user preferences. These AI capabilities are seamlessly woven into GlowSpace, a new interface debuting on XOS 16.³ Powered by Android 16, GlowSpace introduces a fully reimagined UI centered on fluid motion and luminous details that animate with every interaction.

Through co-engineering with leading technology and innovation partners, Infinix has aligned NOTE 60 Ultra around a unified vision of excellence. The outcome is a benchmark-setting flagship defined not by spectacle, but by deeply integrated and purposeful engineering, inside-out.

Product availability

NOTE 60 Ultra comes with a promise of 3 years of major OS updates and 5 years of security patches.

NOTE 60 Ultra is available in four colors: Torino Black, Monza Red, Amalfi Blue, and Roma Silver.

It will be available in a single variant with 12GB of RAM, 256GB of storage, and built-in eSIM⁴.

NOTE 60 Ultra comes with a deluxe gift box with automotive-inspired display stand design. A Supercar-Inspired MagCharge Base in Zinc Alloy, a Kevlar-Pattern MagPad, a Custom Kevlar MagCase, and a Track-Edition SIM Ejector Pin are included in the gift box.

Disclaimer

¹As of launch, this device is the first commercially available smartphone to support twoway satellite calling across multiple countries. Feature availability, supported regions and coverage are subject to local certification, network deployment and market conditions.

²All data comes from Infinix laboratories. The testing data may vary slightly between different test versions and testing environments.

³The specific XOS upgrade plan for each model will be announced separately. Please note that availability of this upgrade may be limited in certain countries.

⁴eSIM availability is carrier and region-dependent; it may not be supported in all countries.

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About Infinix

Established in 2013, Infinix is an innovation-driven brand dedicated to delivering cutting-edge technology, bold design, and outstanding performance. The brand provides smart, enjoyable mobile experiences that enhance everyday life. Beyond smartphones, Infinix has expanded its portfolio to include TWS earbuds, smartwatches, laptops, tablets, smart TVs, and more—building a comprehensive ecosystem of smart devices. Currently, Infinix products are available in over 70 countries and regions worldwide, including Africa, Latin America, the Middle East, South Asia, and Southeast Asia.

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vivo and UNESCO Man and the Biosphere programme Partner to Launch “Capture the Future” Global Youth Storytelling Initiative for People and Nature

BARCELONA, Spain, March 5, 2026 /PRNewswire/ — At the Mobile World Congress (MWC), vivo and the UNESCO Man and the Biosphere (MAB) Programme officially announced the launch of “Capture the Future: Global Youth Storytelling Initiative for People and Nature”. This partnership empowers youth worldwide to utilize mobile imaging to document the intricate and harmonious relationship between humanity and nature, fostering a shared commitment to a sustainable global future.

vivo and UNESCO formalize the partnership at MWC From left to right: Prof. Antonio De Sousa Abreu, Director of the Division of Ecological and Earth Sciences, UNESCO; Yu Meng, Vice President of Imaging at vivo
vivo and UNESCO formalize the partnership at MWC From left to right: Prof. Antonio De Sousa Abreu, Director of the Division of Ecological and Earth Sciences, UNESCO; Yu Meng, Vice President of Imaging at vivo

Youth Leading the Story: Building a Shared Global Commitment

As mobile imaging technology matures, it has evolved into a vital medium for public observation and social engagement. Today’s young creators are increasingly directing their lenses toward the intersection of social and environmental dynamics. As a pioneer in mobile imaging innovation, vivo has long been committed to supporting creators in using visual storytelling to reflect on real-world challenges and bridge the gap between individual perspectives and community action.

UNESCO Biosphere Reserves serve as “demonstration sites” that integrate ecological conservation with sustainable community development. These sites require the fresh, innovative expressions of the young generation to highlight successful models of sustainable living. Through this initiative, vivo and UNESCO MAB are systematically empowering youth to become core advocates for ecological documentation and the advancement of the United Nations Sustainable Development Goals (SDGs).

Yu Meng, Vice President of Imaging at vivo emphasized: “Meaningful technology starts with people and ends with a better society. Through this collaboration, we aim to translate our professional expertise in mobile imaging into tangible support for young creators worldwide as they document ecological biodiversity and community resilience. We aspire for vivo to be a trusted companion for youth exploring the world and shaping the future.

Prof. Antonio De Sousa Abreu, Director of the Division of Ecological and Earth Sciences at UNESCO added: “Young people are essential drivers of sustainable development. Their unique outlook and creative energy are invaluable. Through this partnership with vivo, we are providing a global platform for them to use the universal language of imagery to transform stories from Biosphere Reserves into real-world impact, driving progress in areas such as human-nature relationship, education and public science, as well as indigenous and local knowledge.”

A Collaborative Journey: From Observation to Impact

The initiative launches with a global open call for visual storytelling submissions via UNESCO MAB youth networks, running from March to May. Centered on the synergy between biodiversity, climate resilience, cultural heritage, and sustainable innovation, the program aims to spotlight forward-thinking solutions through a youthful lens. Winners will travel to European biosphere reserves for the Global Youth Visual Storytelling Co-Creation Camp, where their narratives will help bridge the gap between humanity and the natural world, inspiring global action for a sustainable future.

To ensure these narratives achieve both technical excellence and environmental depth, participants will be guided by a “dual-mentor” team consisting of vivo imaging specialists and UNESCO sustainability experts. These immersive experiences, bolstered by regional capacity-building workshops, are designed to empower young participants to evolve from observers into influential storytellers. The journey will culminate in a global showcase, bringing these amplified youth perspectives to the world stage to drive meaningful impact.

Vision for a Resilient Future

Looking ahead, vivo and UNESCO MAB remain dedicated to mobilizing youth creativity to translate the complex actions of biosphere reserves into visually compelling narratives. By blending cutting-edge imaging technology with human-centric actions, this partnership seeks to transcend regional and cultural boundaries. Together, these visual stories will converge into a global movement for sustainable development, helping to build a more resilient, harmonious, and promising future for all.

About vivo

vivo is a technology company that creates great products based on a user-oriented value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company’s core values, which include Benfen*, user-orientation, design-driven value, continuous learning and team spirit, vivo has implemented a sustainable development strategy with the vision of developing into a healthier, more sustainable world-class corporation.

While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Xi’an and more cities, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, imaging system and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions, and is loved by more than 500 million users worldwide.

*”Benfen” is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to create value for society.

Stay informed of latest vivo news at https://www.vivo.com/en/about-vivo/news