UP Fintech Holding (TIGR) Company Report

Analyst Coverage

Research analysts who have asked questions during UP Fintech Holding earnings calls.

Cindy Wang

China Renaissance

4 questions for TIGR

Also covers: FINV, FUTU, QFIN

Emma Xu

Bank of America Securities

3 questions for TIGR

Also covers: FUTU, LU, LX +1 more

Dennis Bai

UBS Group AG

2 questions for TIGR

Judy Zhang

Citigroup

2 questions for TIGR

Also covers: LU, LX, OCFT

You Fan

CICC

2 questions for TIGR

Also covers: FUTU

Yun-Yin Wang

Not specified in transcript

2 questions for TIGR

Also covers: FINV, FUTU, QFIN

Emma Yu

B of A Securities

1 question for TIGR

Han Pu

CICC

1 question for TIGR

Ling Tan

ICBCI

1 question for TIGR

Also covers: PT

Yang Fan

China International Capital Corporation (CICC)

1 question for TIGR

Yu Fan

CICC

1 question for TIGR

Also covers: FUTU

Latest news

Recent press releases and 8-K filings for TIGR.

UP Fintech Holdings Limited Reports Record Q3 2025 Revenue and Non-GAAP Net Profit

TIGR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

UP Fintech Holdings Limited (TIGR) reported strong financial results for Q3 2025, with total revenue reaching $175.2 million, representing a 73.3% year-over-year and 26.3% quarter-over-quarter increase.
Non-GAAP net profit hit a new historical high of $57 million, growing 28.2% quarter-over-quarter and 2.8 times year-over-year, maintaining double-digit quarter-over-quarter growth for five consecutive quarters.
The company added 31,500 new funded accounts in Q3 2025, primarily from Singapore and Hong Kong, bringing the total to 1,224,200, an 18.5% year-over-year increase. Total client assets reached a record $61 billion, up 17.3% quarter-over-quarter and 49.7% year-over-year.
The cash equity take rate increased to 7.1 basis points due to active trading in low-priced US meme stocks, and the clearing cost rate decreased to a historic low of 6% after the SEC stopped charging transaction fees in May.
For the first two months of Q4 2025, trading volume is already on par with the entire Q3, and net asset inflow is expected to be slightly better than Q3, with new funded accounts roughly in line with Q3.

Dec 4, 2025, 1:00 PM

Transcript

UP Fintech Holdings Limited Reports Record Q3 2025 Financial Results

TIGR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

UP Fintech Holdings Limited reported record-high total revenue of $175.2 million in Q3 2025, representing a 73.3% year-over-year and 26.3% quarter-over-quarter increase. Non-GAAP net profit also reached a new historical high of $57 million, growing 28.2% quarter-over-quarter and 2.8 times year-over-year.
Total client assets reached a new record of $61 billion, increasing 17.3% quarter-over-quarter and 49.7% year-over-year, marking 12 consecutive quarters of growth. Approximately 30% of this increase came from net asset inflow, primarily driven by retail investors in Singapore and Hong Kong.
The company added 31,500 new funded accounts in Q3 2025, with 40% from Singapore and 35% from Hong Kong. The annual target of 150,000 new affiliate accounts has already been achieved.
Commission income was $72.9 million and interest income was $73.2 million. The cash equity take rate increased to 7.1 basis points due to increased trading volume of low-priced US stocks, and the quarterly clearing cost reached a historic low of 6% after the SEC stopped charging transaction fees.
Operational expansions included introducing Japanese market derivative services in Hong Kong and launching cryptocurrency trading in New Zealand in September 2025.

Dec 4, 2025, 1:00 PM

Transcript

UP Fintech Holding Limited Reports Strong Q3 2025 Financial Results

TIGR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

UP Fintech Holding Limited reported strong financial results for Q3 2025, with total revenues reaching US$175.2 million, an increase of 73.3% year-over-year and 26.3% quarter-over-quarter.
Net income attributable to ordinary shareholders was US$53.8 million, approximately three times higher than the same quarter last year, while non-GAAP net income reached US$57.0 million.
The company saw significant operational growth, adding 31,500 new customers with deposits in Q3 2025, bringing the total to 1,224.2 thousand, an 18.5% year-over-year increase. Total account balance grew to a record US$61.0 billion, up 49.7% year-over-year.
In Q3 2025, UP Fintech expanded its product offerings by launching digital asset trading in New Zealand and enhancing Tiger AI's capabilities for wealth management.

Dec 4, 2025, 11:00 AM

6-K

UP Fintech Reports Record Q3 2025 Revenue and Profit, Client Assets Reach $61 Billion

TIGR

Earnings

Revenue Acceleration/Inflection

Product Launch

UP Fintech Holding Limited achieved record-high total revenue of US$175.2 million in Q3 2025, marking a 73.3% year-over-year and 26.3% quarter-over-quarter increase.
Non-GAAP net income attributable to shareholders also reached a record US$57.0 million, up 28.2% QoQ and 2.8 times YoY.
Total client assets peaked at US$61.0 billion, growing 49.7% YoY and 17.3% sequentially, with average net asset inflows exceeding US$32,000 per newly funded client.
The company added 31,500 funded accounts in Q3, bringing the total to 1.22 million, an 18.5% YoY increase, and has already met its full-year target of 150,000 newly funded clients.
Other revenues, including investment banking and ESOP services, surged to US$26.3 million, representing a 189.1% YoY and 110% QoQ increase.

Dec 4, 2025, 8:01 AM

Press Release

UP Fintech Holding Limited Reports Record Q2 2025 Financial Results and Client Asset Growth

TIGR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

UP Fintech Holding Limited reported record highs in Q2 2025, with total revenue reaching $138.7 million, a 58.7% year-over-year increase, and net income attributable to UP Fintech at $41.4 million, which is 16x higher year-over-year. The non-GAAP net profit margin expanded to 32%, a new record high.
Total client assets reached a new record of $52.1 billion as of the end of Q2 2025, representing a 36.3% year-over-year increase and marking 11 consecutive quarters of growth. The company added 38,900 new funded accounts in Q2 2025, bringing the total to 1,192,700, with the average net asset inflow of newly acquired clients exceeding $20,000.
The company is expanding its presence in the digital asset market, with trading volume increasing around 65% quarter-over-quarter and assets under custody nearly doubling sequentially. Additionally, the company underwrote seven Hong Kong IPOs and four U.S. IPOs in Q2 2025, and secured a more favorable tax rate in Singapore, reducing it to 13.5%.