UP Fintech Holding Limited Reports Unaudited Third Quarter 2025 Financial Results
Rhea-AI Summary
UP Fintech (NASDAQ: TIGR) reported unaudited Q3 2025 results with strong growth across revenue, customers and assets. Total revenues were US$175.2M (+73.3% YoY, +26.3% QoQ) and total net revenues were US$153.2M (+79.5% YoY). Net income attributable to ordinary shareholders was US$53.8M (vs US$17.8M a year ago); non-GAAP net income was US$57.0M.
Operating metrics: total account balance reached US$61.0B (+49.7% YoY), margin financing & securities lending was US$5.7B (+27.5% YoY), and customers with deposits were 1,224.2K (+18.5% YoY). Management highlighted product expansion, digital asset launches and corporate underwriting activity in the quarter.
Positive
- Total revenues US$175.2M (+73.3% YoY)
- Total account balance US$61.0B (+49.7% YoY)
- Net income US$53.8M (Q3 2025)
- Customers with deposits 1,224.2K
- Non-GAAP net income US$57.0M
Negative
- Total operating costs and expenses US$89.4M (+50.7% YoY)
- Employee compensation US$47.2M (+64.1% YoY)
- Interest expense US$21.9M (+39.8% YoY)
- Marketing and branding expenses US$12.9M (+56.7% YoY)
News Market Reaction
On the day this news was published, TIGR gained 4.10%, reflecting a moderate positive market reaction. Argus tracked a peak move of +4.6% during that session. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $66M to the company's valuation, bringing the market cap to $1.68B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TIGR was down 1.07% pre-news while peers showed mixed, mostly modest moves (e.g., BTBT +6.96%, FUFU -2.01%), suggesting stock-specific dynamics rather than a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Q3 2025 performance | Positive | +4.1% | Record Q3 revenue, non-GAAP net income and client assets reaching US$61B. |
| Dec 04 | Q3 2025 earnings | Positive | +4.1% | Strong Q3 2025 earnings with sharp YoY revenue and net income growth. |
| Nov 20 | Earnings date notice | Positive | -3.0% | Announcement of upcoming Q3 2025 results and earnings conference call. |
| Nov 04 | Compliance partnership | Positive | +3.0% | Partnership with Solidus Labs to enhance crypto transaction monitoring. |
| Aug 27 | Q2 2025 results | Positive | -9.8% | Exceptional Q2 results with revenue and non-GAAP profit at record highs. |
Earnings and positive operational updates often drew strong but inconsistent reactions, with some record quarters followed by sharp sell-offs, indicating a mixed pattern of alignment and divergence between upbeat news and price moves.
Over recent quarters, UP Fintech has repeatedly reported record revenue and profit growth, with client assets rising from US$41.7B in Q4 2024 to US$61.0B in Q3 2025. Earnings updates on Mar 18, May 30, Aug 27, and Dec 4 highlighted accelerating net income and expanding funded accounts. Market reactions have been mixed, with both double-digit gains and declines following strong earnings, underscoring variable sentiment around otherwise consistently positive fundamentals.
Market Pulse Summary
This announcement highlighted another step-up in scale for UP Fintech, with Q3 2025 revenue of US$175.2M, non-GAAP net income of US$57.0M, and client assets reaching US$61.0B. Compared with prior quarters, the company continued to grow funded accounts and margin balances while expanding digital asset and wealth products. Investors tracking this story may focus on sustainability of growth, expense trends, and ongoing client asset inflows across key regions.
Key Terms
ads financial
non-gaap financial
margin financing financial
securities lending financial
ipo financial
virtual asset trading financial
AI-generated analysis. Not financial advice.
SINGAPORE, Dec. 04, 2025 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the third quarter ended September 30, 2025.
Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “The market environment remained supportive in the third quarter. Our total revenues reached US
In the third quarter, we added 31,500 new customers with deposits, with Singapore and Hong Kong being the primary contributors, each accounting for roughly
In the third quarter, we enhanced product breadth and user experience across digital assets and wealth management. In digital assets, we launched digital asset trading in New Zealand, enabling local users to trade spot cryptocurrency on our platform and rolled out macro market insights for digital assets and introduced featured market data, such as coin issuers and on-chain metrics, to help users make better-informed decisions and capture investment opportunities. In wealth management, we significantly expanded Tiger AI’s capabilities. We launched the innovative TradingFront AI function to give advisers a real-time analytical edge. TradingFront AI delivers instant insights on portfolio performance, risk exposure, and asset allocation for each client’s unique portfolio. The tool automatically surfaces market-sensitive updates, macroeconomic outlooks, and actionable recommendations, enabling advisers to respond faster to changing conditions and conduct more informed, personalized client conversations.
In our Corporate business, we underwrote 5 U.S. IPOs in the quarter, all serving as sole bookrunner, including “Yimutian Inc.” and “Linkhome”, and supported multiple digital asset companies in completing U.S. listings and financing deals, including “Bullish Inc.” and “Figure Technology Solutions”. In Hong Kong, we participated in 5 IPOs in the quarter, including “Geek Plus” and “SICC”, and acted as underwriter for “Boss Zhipin” public follow-on offering. In our ESOP business, we added 46 new clients in the third quarter, bringing the total number of ESOP clients served to 709 as of September 30, 2025.”
Financial Highlights for Third Quarter 2025
- Total revenues were US
$175.2 million , an increase of73.3% year-over-year and an increase of26.3% quarter-over-quarter. - Total net revenues were US
$153.2 million , an increase of79.5% year-over-year and an increase of26.2% quarter-over-quarter. - Net income attributable to ordinary shareholders of UP Fintech was US
$53.8 million compared to a net income of US$17.8 million in the same quarter of last year. - Non-GAAP net income attributable to ordinary shareholders of UP Fintech was US
$57.0 million , compared to a non-GAAP net income of US$20.1 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.
Operating Highlights for Third Quarter 2025
- Total account balance increased
49.7% year-over-year to US$61.0 billion . - Total margin financing and securities lending balance increased
27.5% year-over-year to US$5.7 billion . - Total number of customers with deposit increased
18.5% year-over-year to 1,224.2 thousand.
Selected Operating Data for Third Quarter 2025
| As of and for the three months ended | ||||||||||||
| September 30, | June 30, | September 30, | ||||||||||
| 2024 | 2025 | 2025 | ||||||||||
| In 000’s | ||||||||||||
| Number of customer accounts | 2,368.0 | 2,579.4 | 2,618.7 | |||||||||
| Number of customers with deposits | 1,032.8 | 1,192.7 | 1,224.2 | |||||||||
| Number of options and futures contracts traded | 15,261.2 | 22,432.3 | 25,636.1 | |||||||||
| In USD millions | ||||||||||||
| Trading volume | 162,990.0 | 284,038.2 | 209,421.4 | |||||||||
| Trading volume of stocks | 41,406.3 | 68,184.3 | 73,442.7 | |||||||||
| Total account balance | 40,763.6 | 52,056.3 | 61,037.7 | |||||||||
Third Quarter 2025 Financial Results
REVENUES
Total revenues were US
Commissions were US
Financing service fees were US
Interest income was US
Other revenues were US
Interest expense was US
OPERATING COSTS AND EXPENSES
Total operating costs and expenses were US
Execution and clearing expenses were US
Employee compensation and benefits expenses were US
Occupancy, depreciation and amortization expenses were US
Communication and market data expenses were US
Marketing and branding expenses were US
General and administrative expenses were US
NET INCOME attributable to ordinary shareholders of UP Fintech
Net income attributable to ordinary shareholders of UP Fintech was US
Non-GAAP net income attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation was US
For the third quarter of 2025, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 187,968,942. As of September 30, 2025, the Company had a total of 2,667,964,212 Class A and B ordinary shares outstanding, or the equivalent of 177,864,281 ADSs.
CERTAIN OTHER FINANCIAL ITEMS
As of September 30, 2025, the Company’s cash and cash equivalents, term deposits and long-term deposits were US
Conference Call Information:
UP Fintech’s management will hold an earnings conference call at 8:00 AM on December 4, 2025, U.S. Eastern Time (9:00 PM on December 4, 2025 Singapore/Hong Kong Time).
All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.
Preregistration Information:
Please note that all participants will need to pre-register for the conference call, using the link:
https://register-conf.media-server.com/register/BI3699a7be25e74cd7b11ddad5ba85161d
It will automatically lead to the registration page of “UP Fintech Holding Limited Third Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.
Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.
Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com
Use of Non-GAAP Financial Measures
In evaluating our business, we consider and use non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech and non-GAAP net loss or income per ADS - diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech as net loss or income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net loss or income per ADS - diluted is non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.
We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors' assessment of our operating performance.
These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.
These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net loss or income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.
About UP Fintech Holding Limited
UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.
For more information on the Company, please visit: https://ir.itigerup.com.
Safe Harbor Statement
This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in inflation and interest rate; technological advancements; changes in the Company’s revenues and certain cost or expense accounting policies and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries; changes in geopolitical policies and conditions; rapid developments in the AI, virtual currency and blockchain industries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 23, 2025. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.
For investor and media inquiries please contact:
Investor Relations Contact
UP Fintech Holding Limited
Email: ir@itiger.com
| UP FINTECH HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in U.S. dollars (“US$”)) | ||||||||
As of December 31, | As of September 30, | |||||||
| 2024 | 2025 | |||||||
| US$ | US$ | |||||||
| Assets: | ||||||||
| Cash and cash equivalents | 393,576,874 | 578,664,355 | ||||||
| Cash-segregated for regulatory purpose | 2,464,683,625 | 4,532,028,152 | ||||||
| Term deposits | 1,075,260 | 626,793 | ||||||
| Receivables from customers (net of allowance of US | 1,052,972,649 | 1,667,671,643 | ||||||
| Receivables from brokers, dealers, and clearing organizations | 2,305,740,507 | 2,288,189,632 | ||||||
| Financial instruments held, at fair value | 75,547,082 | 107,668,575 | ||||||
| Prepaid expenses and other current assets | 17,629,819 | 30,883,983 | ||||||
| Amounts due from related parties | 16,720,671 | 16,272,700 | ||||||
| Total current assets | 6,327,946,487 | 9,222,005,833 | ||||||
| Non-current assets: | ||||||||
| Long-term deposits | 1,369,994 | 1,404,692 | ||||||
| Right-of-use assets | 10,880,673 | 12,419,704 | ||||||
| Property, equipment and intangible assets, net | 15,358,528 | 14,480,087 | ||||||
| Crypto assets held | — | 4,827,659 | ||||||
| Goodwill | 2,492,668 | 2,492,668 | ||||||
| Long-term investments | 7,658,809 | 7,523,109 | ||||||
| Equity method investment | 10,203,622 | 10,520,803 | ||||||
| Other non-current assets | 6,828,553 | 11,299,482 | ||||||
| Deferred tax assets | 8,573,135 | 11,491,966 | ||||||
| Total non-current assets | 63,365,982 | 76,460,170 | ||||||
| Total assets | 6,391,312,469 | 9,298,466,003 | ||||||
| Current liabilities: | ||||||||
| Payables to customers | 3,574,651,125 | 6,013,948,056 | ||||||
| Payables to brokers, dealers and clearing organizations: | 1,914,769,701 | 2,115,964,591 | ||||||
| Accrued expenses and other current liabilities | 67,263,254 | 99,977,572 | ||||||
| Lease liabilities-current | 4,153,928 | 6,115,972 | ||||||
| Convertible bonds-current | — | 161,498,483 | ||||||
| Amounts due to related parties | 874,331 | 77,720,831 | ||||||
| Total current liabilities | 5,561,712,339 | 8,475,225,505 | ||||||
| Convertible bonds | 159,505,397 | — | ||||||
| Lease liabilities-non-current | 5,902,323 | 5,840,409 | ||||||
| Deferred tax liabilities | 2,068,661 | 1,855,844 | ||||||
| Total liabilities | 5,729,188,720 | 8,482,921,758 | ||||||
| Mezzanine equity | ||||||||
| Redeemable non-controlling interest | 7,177,668 | 5,900,650 | ||||||
| Total Mezzanine equity | 7,177,668 | 5,900,650 | ||||||
| Shareholders’ equity: | ||||||||
| Class A ordinary shares | 25,427 | 25,703 | ||||||
| Class B ordinary shares | 976 | 976 | ||||||
| Additional paid-in capital | 619,030,730 | 630,611,586 | ||||||
| Statutory reserve | 12,425,463 | 12,425,463 | ||||||
| Retained earnings | 37,843,547 | 166,219,993 | ||||||
| Treasury stock | (2,172,819 | ) | (2,172,819 | ) | ||||
| Accumulated other comprehensive (loss) income | (11,919,310 | ) | 2,813,227 | |||||
| Total UP Fintech shareholders’ equity | 655,234,014 | 809,924,129 | ||||||
| Non-controlling interests | (287,933 | ) | (280,534 | ) | ||||
| Total equity | 654,946,081 | 809,643,595 | ||||||
| Total liabilities, mezzanine equity and equity | 6,391,312,469 | 9,298,466,003 | ||||||
| UP FINTECH HOLDING LIMITED | ||||||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||
| (All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data) | ||||||||||||||||||||
| For the three months ended | For the nine months ended | |||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | ||||||||||||||||
| 2024 | 2025 | 2025 | 2024 | 2025 | ||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | ||||||||||||||||
| Revenues: | ||||||||||||||||||||
| Commissions | 41,207,882 | 64,787,635 | 72,908,334 | 103,080,878 | 196,003,120 | |||||||||||||||
| Interest related income | ||||||||||||||||||||
| Financing service fees | 2,803,878 | 2,734,573 | 2,762,166 | 8,541,141 | 8,057,171 | |||||||||||||||
| Interest income | 47,957,486 | 58,689,064 | 73,224,073 | 135,992,655 | 185,718,530 | |||||||||||||||
| Other revenues | 9,084,834 | 12,508,765 | 26,265,671 | 19,824,906 | 46,711,423 | |||||||||||||||
| Total revenues | 101,054,080 | 138,720,037 | 175,160,244 | 267,439,580 | 436,490,244 | |||||||||||||||
| Interest expense | (15,700,359 | ) | (17,338,435 | ) | (21,942,151 | ) | (44,072,175 | ) | (54,322,396 | ) | ||||||||||
| Total Net revenues | 85,353,721 | 121,381,602 | 153,218,093 | 223,367,405 | 382,167,848 | |||||||||||||||
| Operating costs and expenses: | ||||||||||||||||||||
| Execution and clearing | (3,518,611 | ) | (5,398,645 | ) | (4,477,846 | ) | (8,556,480 | ) | (15,215,408 | ) | ||||||||||
| Employee compensation and benefits | (28,769,980 | ) | (35,828,599 | ) | (47,209,787 | ) | (85,202,427 | ) | (116,844,194 | ) | ||||||||||
| Occupancy, depreciation and amortization | (2,162,704 | ) | (2,729,010 | ) | (2,759,643 | ) | (6,416,729 | ) | (7,637,961 | ) | ||||||||||
| Communication and market data | (9,730,680 | ) | (10,372,284 | ) | (11,800,637 | ) | (27,105,567 | ) | (31,967,790 | ) | ||||||||||
| Marketing and branding | (8,223,404 | ) | (9,875,699 | ) | (12,888,969 | ) | (19,022,135 | ) | (33,631,716 | ) | ||||||||||
| General and administrative | (6,932,672 | ) | (6,747,182 | ) | (10,299,692 | ) | (32,845,937 | ) | (22,183,220 | ) | ||||||||||
| Total operating costs and expenses | (59,338,051 | ) | (70,951,419 | ) | (89,436,574 | ) | (179,149,275 | ) | (227,480,289 | ) | ||||||||||
| Other income (expense): | ||||||||||||||||||||
| Others, net | (5,189,945 | ) | (1,361,336 | ) | 1,327,184 | (169,713 | ) | (1,374,216 | ) | |||||||||||
| Income before income tax | 20,825,725 | 49,068,847 | 65,108,703 | 44,048,417 | 153,313,343 | |||||||||||||||
| Income tax expenses | (2,907,080 | ) | (7,499,742 | ) | (11,148,629 | ) | (10,921,637 | ) | (27,197,529 | ) | ||||||||||
| Net income | 17,918,645 | 41,569,105 | 53,960,074 | 33,126,780 | 126,115,814 | |||||||||||||||
| Less: net income (loss) attributable to non-controlling interests | 3,353 | 12,018 | 10,052 | (17,040 | ) | 33,597 | ||||||||||||||
| Accretion of redeemable non-controlling interests to redemption value | (160,998 | ) | (126,481 | ) | (132,354 | ) | (466,157 | ) | (414,818 | ) | ||||||||||
| Net income attributable to ordinary shareholders of UP Fintech | 17,754,294 | 41,430,606 | 53,817,668 | 32,677,663 | 125,667,399 | |||||||||||||||
| Other comprehensive (loss) income, net of tax: | ||||||||||||||||||||
| Changes in cumulative foreign currency translation adjustment | 16,119,046 | 12,021,961 | (1,123,148 | ) | 8,418,198 | 14,725,453 | ||||||||||||||
| Total Comprehensive income | 34,037,691 | 53,591,066 | 52,836,926 | 41,544,978 | 140,841,267 | |||||||||||||||
| Less: comprehensive (loss) income attributable to non-controlling interests | (7,023 | ) | 8,366 | 8,301 | (21,105 | ) | 26,512 | |||||||||||||
| Accretion of redeemable non-controlling interests to redemption value | (160,998 | ) | (126,481 | ) | (132,354 | ) | (466,157 | ) | (414,818 | ) | ||||||||||
| Total Comprehensive income attributable to ordinary shareholders of UP Fintech | 33,883,716 | 53,456,219 | 52,696,271 | 41,099,926 | 140,399,937 | |||||||||||||||
| Net income per ordinary share: | ||||||||||||||||||||
| Basic | 0.008 | 0.016 | 0.020 | 0.014 | 0.047 | |||||||||||||||
| Diluted | 0.007 | 0.015 | 0.019 | 0.014 | 0.045 | |||||||||||||||
| Net income per ADS (1 ADS represents 15 Class A ordinary shares): | ||||||||||||||||||||
| Basic | 0.113 | 0.235 | 0.304 | 0.208 | 0.712 | |||||||||||||||
| Diluted | 0.110 | 0.225 | 0.290 | 0.204 | 0.681 | |||||||||||||||
| Weighted average number of ordinary shares used in calculating net income per ordinary share: | ||||||||||||||||||||
| Basic | 2,362,528,627 | 2,649,852,622 | 2,656,878,202 | 2,353,177,657 | 2,647,314,747 | |||||||||||||||
| Diluted | 2,467,241,917 | 2,781,223,175 | 2,819,534,135 | 2,460,309,649 | 2,788,450,052 | |||||||||||||||
| Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures (All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data) | |||||||||||||||||||
For the three months ended September 30, 2024 | For the three months ended June 30, 2025 | For the three months ended September 30, 2025 | |||||||||||||||||
| non-GAAP | non-GAAP | non-GAAP | |||||||||||||||||
| GAAP | Adjustment | non-GAAP | GAAP | Adjustment | non-GAAP | GAAP | Adjustment | non-GAAP | |||||||||||
| US$ | US$ | US$ | US$ | US$ | US$ | US$ | US$ | US$ | |||||||||||
| Share-based compensation | 2,331,274 | 3,079,636 | 3,230,443 | ||||||||||||||||
| Net income attributable to ordinary shareholders of UP Fintech | 17,754,294 | 2,331,274 | 20,085,568 | 41,430,606 | 3,079,636 | 44,510,242 | 53,817,668 | 3,230,443 | 57,048,111 | ||||||||||
| Net income per ADS - diluted | 0.110 | 0.124 | 0.225 | 0.241 | 0.290 | 0.307 | |||||||||||||
| Weighted average number of ADSs used in calculating diluted net income per ADS | 164,482,794 | 164,482,794 | 185,414,878 | 187,069,605 | 187,968,942 | 187,968,942 | |||||||||||||
FAQ
What were UP Fintech (TIGR) Q3 2025 total revenues and how did they change?
How much was UP Fintech (TIGR) net income in Q3 2025 and the non-GAAP figure?
What is UP Fintech's (TIGR) total account balance and YoY growth as of Q3 2025?
How many funded customers did UP Fintech (TIGR) have at September 30, 2025?
Did UP Fintech (TIGR) expand product offerings in Q3 2025?
What operating cost trends should investors note from UP Fintech (TIGR) Q3 2025?
