Up Fintech Hldg Ltd Financials

TIGR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Up Fintech Hldg Ltd (TIGR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Up Fintech Hldg Ltd's revenue surged 46.6% year-over-year to $330.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Up Fintech Hldg Ltd has elevated debt relative to equity (D/E of 8.74), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Up Fintech Hldg Ltd's current ratio of 1.14 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.

Cash Flow

100

Up Fintech Hldg Ltd converts 249.9% of revenue into free cash flow ($826.4M). This strong cash generation earns a score of 100/100.

Returns

Up Fintech Hldg Ltd's ROE of 9.4% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 6.8% the prior year.

Piotroski F-Score Neutral

4/9

Up Fintech Hldg Ltd passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

13.50x

For every $1 of reported earnings, Up Fintech Hldg Ltd generates $13.50 in operating cash flow ($828.0M OCF vs $61.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$330.7M

YoY+46.6%

5Y CAGR+43.4%

Up Fintech Hldg Ltd generated $330.7M in revenue in fiscal year 2024. This represents an increase of 46.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$826.4M

YoY+8957.4%

5Y CAGR+27.8%

Up Fintech Hldg Ltd generated $826.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 8957.4% from the prior year.

Net Income

$61.4M

YoY+85.9%

Up Fintech Hldg Ltd reported $61.4M in net income in fiscal year 2024. This represents an increase of 85.9% from the prior year.

EPS (Diluted)

$0.02

YoY+71.4%

Up Fintech Hldg Ltd earned $0.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 71.4% from the prior year.

Cash & Debt

$393.6M

YoY+22.0%

5Y CAGR+46.0%

Up Fintech Hldg Ltd held $393.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

18.6%

YoY+3.9pp

5Y CAGR+30.6pp

Up Fintech Hldg Ltd's net profit margin was 18.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.

Return on Equity

9.4%

YoY+2.6pp

Up Fintech Hldg Ltd's ROE was 9.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.6 percentage points from the prior year.

R&D Spending

$80.1M

YoY+26.3%

5Y CAGR+34.8%

Up Fintech Hldg Ltd invested $80.1M in research and development in fiscal year 2024. This represents an increase of 26.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.6M

YoY-43.8%

5Y CAGR+3.3%

Up Fintech Hldg Ltd invested $1.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 43.8% from the prior year.

TIGR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$330.7M+46.6%	$225.5M+9.1%	$206.7M-16.0%	$246.1M+91.7%	$128.4M+135.3%	$54.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$80.1M+26.3%	$63.5M+5.5%	$60.1M+25.9%	$47.8M+112.2%	$22.5M+24.8%	$18.0M
SG&A Expenses	$39.3M+80.2%	$21.8M+18.9%	$18.3M-19.3%	$22.7M+65.1%	$13.7M+48.5%	$9.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$60.8M+29.5%	$47.0M+151.5%	$18.7M+1.6%	$18.4M+81.9%	$10.1M+146.3%	$4.1M
Income Tax	$20.4M+57.2%	$13.0M+202.8%	$4.3M-1.7%	$4.4M+53.1%	$2.9M+185.0%	-$3.4M
Net Income	$61.4M+85.9%	$33.0M+1562.5%	-$2.3M-115.4%	$14.7M-23.4%	$19.2M+391.1%	-$6.6M
EPS (Diluted)	$0.02+71.4%	$0.01	$0.00-100.0%	$0.010.0%	$0.01	$0.00

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TIGR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.4B+70.6%	$3.7B-1.4%	$3.8B+14.3%	$3.3B+51.5%	$2.2B+171.0%	$809.1M
Current Assets	$6.3B+71.5%	$3.7B-1.3%	$3.7B+14.3%	$3.3B+52.0%	$2.2B+179.6%	$769.7M
Cash & Equivalents	$393.6M+22.0%	$322.6M+16.2%	$277.7M+3.2%	$269.1M+237.8%	$79.7M+34.1%	$59.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$372.2M+250.8%	$106.1M
Goodwill	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M+2.9%	$2.4M0.0%	$2.4M
Total Liabilities	$5.7B+76.2%	$3.3B-2.8%	$3.3B+16.4%	$2.9B+46.9%	$2.0B+229.4%	$594.0M
Current Liabilities	$5.6B+80.2%	$3.1B-3.0%	$3.2B+16.9%	$2.7B+39.4%	$2.0B+232.1%	$587.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$655.2M+34.0%	$489.0M+9.4%	$447.1M+0.1%	$446.6M+89.5%	$235.7M+11.2%	$211.9M
Retained Earnings	$37.8M+293.1%	-$19.6M+61.1%	-$50.4M-10.0%	-$45.8M+23.1%	-$59.6M+19.2%	-$73.7M

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$6.4B+33.3%	$4.8B+28.0%	$3.7B-1.4%	$3.8B+14.3%	$3.3B+51.5%	$2.2B+171.0%	$809.1M+602.2%	$115.2M
Current Assets	$6.3B+33.6%	$4.7B+28.4%	$3.7B-1.3%	$3.7B+14.3%	$3.3B+52.0%	$2.2B+179.6%	$769.7M+648.0%	$102.9M
Cash & Equivalents	$393.6M+0.3%	$392.5M+21.7%	$322.6M+16.2%	$277.7M+3.2%	$269.1M+237.8%	$79.7M+34.1%	$59.4M+72.7%	$34.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$372.2M+250.8%	$106.1M+29934.7%	$353K
Goodwill	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M+2.9%	$2.4M0.0%	$2.4M	N/A
Total Liabilities	$5.7B+33.7%	$4.3B+31.8%	$3.3B-2.8%	$3.3B+16.4%	$2.9B+46.9%	$2.0B+229.4%	$594.0M+325.5%	$139.6M
Current Liabilities	$5.6B+35.1%	$4.1B+33.4%	$3.1B-3.0%	$3.2B+16.9%	$2.7B+39.4%	$2.0B+232.1%	$587.6M+3359.0%	$17.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$655.2M+30.7%	$501.2M+2.5%	$489.0M+9.4%	$447.1M+0.1%	$446.6M+89.5%	$235.7M+11.2%	$211.9M+968.4%	-$24.4M
Retained Earnings	$37.8M+965.6%	-$4.4M+77.7%	-$19.6M+61.1%	-$50.4M-10.0%	-$45.8M+23.1%	-$59.6M+19.2%	-$73.7M-11.0%	-$66.4M

TIGR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$828.0M+12709.4%	-$6.6M-102.5%	$258.1M-37.5%	$413.2M-22.8%	$535.3M+120.0%	$243.3M
Capital Expenditures	$1.6M-43.8%	$2.8M-43.5%	$4.9M-1.6%	$5.0M+407.9%	$978K-25.8%	$1.3M
Free Cash Flow	$826.4M+8957.4%	-$9.3M-103.7%	$253.2M-38.0%	$408.2M-23.6%	$534.3M+120.8%	$242.0M
Investing Cash Flow	-$8.7M-11.7%	-$7.8M-114.6%	-$3.6M-133.1%	$10.9M-74.9%	$43.6M+297.6%	-$22.0M
Financing Cash Flow	$103.8M+5603.5%	$1.8M-61.5%	$4.7M-98.6%	$330.9M+4055.0%	-$8.4M-107.3%	$114.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$2.2M	N/A

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TIGR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.6%+3.9pp	14.6%+15.7pp	-1.1%-7.1pp	6.0%-9.0pp	14.9%+27.0pp	-12.1%
Return on Equity	9.4%+2.6pp	6.8%	N/A	3.3%-4.9pp	8.1%	N/A
Return on Assets	1.0%+0.1pp	0.9%+0.9pp	-0.1%-0.5pp	0.4%-0.4pp	0.9%+1.7pp	-0.8%
Current Ratio	1.14-0.1	1.20+0.0	1.18-0.0	1.20+0.1	1.10-0.2	1.31
Debt-to-Equity	8.74+2.1	6.65-0.8	7.48+1.0	6.44-1.9	8.30+5.5	2.80
FCF Margin	249.9%+254.0pp	-4.1%-126.6pp	122.5%-43.4pp	165.9%-250.3pp	416.1%-27.4pp	443.5%

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.14-0.0	1.15-0.0	1.20+0.0	1.18-0.0	1.20+0.1	1.10-0.2	1.31-4.7	6.06
Debt-to-Equity	8.74+0.2	8.55+1.9	6.65-0.8	7.48+1.0	6.44-1.9	8.30+5.5	2.80+8.5	-5.72
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Up Fintech Hldg Ltd's annual revenue?

Up Fintech Hldg Ltd (TIGR) reported $330.7M in total revenue for fiscal year 2024. This represents a 46.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Up Fintech Hldg Ltd's revenue growing?

Up Fintech Hldg Ltd (TIGR) revenue grew by 46.6% year-over-year, from $225.5M to $330.7M in fiscal year 2024.

Is Up Fintech Hldg Ltd profitable?

Yes, Up Fintech Hldg Ltd (TIGR) reported a net income of $61.4M in fiscal year 2024, with a net profit margin of 18.6%.

What is Up Fintech Hldg Ltd's earnings per share (EPS)?

Up Fintech Hldg Ltd (TIGR) reported diluted earnings per share of $0.02 for fiscal year 2024. This represents a 71.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Up Fintech Hldg Ltd's net profit margin?

Up Fintech Hldg Ltd (TIGR) had a net profit margin of 18.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Up Fintech Hldg Ltd's return on equity (ROE)?

Up Fintech Hldg Ltd (TIGR) has a return on equity of 9.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Up Fintech Hldg Ltd's free cash flow?

Up Fintech Hldg Ltd (TIGR) generated $826.4M in free cash flow during fiscal year 2024. This represents a 8957.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Up Fintech Hldg Ltd's operating cash flow?

Up Fintech Hldg Ltd (TIGR) generated $828.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Up Fintech Hldg Ltd's total assets?

Up Fintech Hldg Ltd (TIGR) had $6.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Up Fintech Hldg Ltd's capital expenditures?

Up Fintech Hldg Ltd (TIGR) invested $1.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Up Fintech Hldg Ltd spend on research and development?

Up Fintech Hldg Ltd (TIGR) invested $80.1M in research and development during fiscal year 2024.

What is Up Fintech Hldg Ltd's current ratio?

Up Fintech Hldg Ltd (TIGR) had a current ratio of 1.14 as of fiscal year 2024, which is considered adequate.

What is Up Fintech Hldg Ltd's debt-to-equity ratio?

Up Fintech Hldg Ltd (TIGR) had a debt-to-equity ratio of 8.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Up Fintech Hldg Ltd's return on assets (ROA)?

Up Fintech Hldg Ltd (TIGR) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Up Fintech Hldg Ltd's Piotroski F-Score?

Up Fintech Hldg Ltd (TIGR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Up Fintech Hldg Ltd's earnings high quality?

Up Fintech Hldg Ltd (TIGR) has an earnings quality ratio of 13.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Up Fintech Hldg Ltd?

Up Fintech Hldg Ltd (TIGR) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.