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Goodwill (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill [Abstract]  
Schedule of Carrying Amount of Goodwill

The following table summarizes the carrying amount of goodwill:

 

Beginning balance – January 1, 2023  $
 
Miflink business combination(1)   5,197,438 
Impairment   
 
Ending balance – December 31, 2023   5,197,438 
Impairment   
 
Ending balance – December 31, 2024   5,197,438 
Webull Pay merger(2)   25,066,700 
Impairment   
 
Ending balance – December 31, 2025  $30,264,138 

 

(1) Represents the addition of goodwill from the acquisition of Miflink. See Note 6 — Acquisitions for further acquisition related details.

 

(2) Represents the addition of goodwill from the acquisition of Webull Pay. See Note 6 — Acquisitions for further acquisition related details.