UP Fintech: Q1 Revenue and Client Assets Grow Steadily, Total Revenue Up 26.3% YoY

Rhea-AI Summary

UP Fintech (NASDAQ:TIGR) reported unaudited Q1 2026 results with revenue of US$154.9 million, up 26.3% YoY, and operating income of US$47.6 million, up 17.5% with a 34.8% margin. Funded accounts rose to 1.28 million and client assets to US$58.9 billion, both growing double digits YoY.

Trading volumes, net asset inflows, TigerAI usage, wealth management AUC, global operations, and investment banking and ESOP revenues all showed strong YoY and QoQ increases across key markets including Singapore, Hong Kong, the US, Australia and New Zealand.

Positive

• Total Q1 2026 revenue US$154.9 million, up 26.3% YoY
• Q1 operating income US$47.6 million, up 17.5% YoY; 34.8% margin
• Total client assets US$58.9 billion, up 28.4% YoY
• Total funded accounts 1.28 million, up 11.3% YoY
• Global Q1 trading volume US$323.9 billion, up 49% YoY
• Net asset inflows US$2.9 billion in Q1 2026
• Singapore Q1 trading volume up 140.5% YoY; orders up 28.9%
• Hong Kong trading volume up 536% YoY; orders up 89% YoY
• US market AUC up 39% QoQ; stock shares traded up 207% QoQ
• Australia trading volume up 122% YoY; net inflows up 135%
• New Zealand trading volume up 387% YoY; trading accounts up 44%
• Commission income US$67.2 million, up 15.3% YoY
• Interest-related income US$66.9 million, up 18.7% YoY
• TigerAI conversations up 480.7% YoY; users up 135.1% YoY
• Retail wealth AUC up 43.8% YoY; Tiger Vault AUC up 25.8%
• Million-dollar wealth clients up 60.4% YoY; their assets up 83.4%
• TradingFront AUC up 230% YoY; structured product volume up 602.4%
• Other revenue (IB, ESOP, corporate services) US$20.7 million, up 161.4% YoY
• Underwrote 10 Hong Kong IPOs in Q1 2026
• HK IPO subscription amount HK$543.7 billion in Q1, up 170% YoY
• 2026 Hong Kong IPO subscription surpassed HK$1 trillion by May 19
• ESOP platform new clients up 110% YoY; consulting/SaaS revenue up 78%

Negative

• None.

News Market Reaction – TIGR

-3.87%

22 alerts

-3.87% Session close to close

-5.5% Trough in 25 hr 55 min

$971.38M Market Cap

0.5x Rel. Volume

In the Jun 2 session, TIGR declined 3.87%, reflecting a moderate negative market reaction. Argus tracked a trough of -5.5% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Q1 2026 revenue of US$154.9M, up 26.3% YoY, and client assets of US$58....

Analysis

This announcement highlights Q1 2026 revenue of US$154.9M, up 26.3% YoY, and client assets of US$58.9B, up 28.4%. Trading volume reached US$323.9B, with net asset inflows of US$2.9B, underscoring ongoing platform engagement. Investors may focus on how growth in regions like Singapore and Hong Kong, plus AI initiatives such as TigerAI’s multi‑agent upgrade, balance against broader market conditions and any evolving regulatory risks disclosed in recent filings.

Key Figures

Q1 2026 revenue: US$154.9M Operating income: US$47.6M Operating margin: 34.8% +5 more

8 metrics

Q1 2026 revenue US$154.9M First quarter 2026, +26.3% YoY

Operating income US$47.6M +17.5% YoY in Q1 2026

Operating margin 34.8% Q1 2026 operating margin

Funded accounts 1.28M Total funded accounts, +11.3% YoY

Total trading volume US$323.9B Q1 2026, +49% YoY

Net asset inflows US$2.9B Q1 2026 net inflows

Total client assets US$58.9B End of Q1 2026, +28.4% YoY

Commission income US$67.2M Q1 2026, +15.3% YoY

Historical Context

5 past events · Latest: May 21 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 21	Earnings call notice	Neutral	-0.8%	Announcement of Q1 2026 earnings release date and conference call.
Mar 19	Full-year results	Positive	-3.1%	Record 2025 revenue and profit with strong client asset growth.
Mar 19	Earnings release	Positive	-3.1%	Q4 and 2025 earnings showing sharp revenue and net income growth.
Mar 06	Earnings call notice	Neutral	-1.6%	Scheduling of Q4 2025 and full-year 2025 results and call.
Dec 04	Quarterly results	Positive	+4.0%	Record Q3 2025 revenue, income, and client asset expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Past strong results often saw negative next-day moves, indicating a tendency for good news to be sold, with Q3 2025 as a positive outlier.

Recent Company History

Over the past six months, UP Fintech has repeatedly reported strong growth. Q3 and full-year 2025 results highlighted record revenues, net income, and client asset expansion to US$60.8–61.0B, with funded accounts above 1.22M. Despite this, shares fell after several positive earnings-related releases in March 2026. Today’s Q1 2026 update continues the pattern of double‑digit revenue and asset growth, extending the trajectory of expanding client assets and higher trading volumes highlighted in prior quarters.

Key Terms

time-weighted average price, twap, multi-agent architecture, ipo, +4 more

8 terms

time-weighted average price technical

"introducing options TWAP (Time-Weighted Average Price) orders, helping investors reduce"

Time-weighted average price (TWAP) is the average price of a security over a specified time period where each moment is given equal importance, calculated by taking prices at regular intervals and averaging them. Investors use TWAP as a benchmark to judge trade execution and to reduce the market impact of large orders by spreading trades evenly over time—think of pacing purchases like driving at a steady speed rather than sprinting all at once.

twap technical

"introducing options TWAP (Time-Weighted Average Price) orders, helping investors reduce"

TWAP (time-weighted average price) is the average price of a security over a specified time window, calculated so each moment in that window counts equally. Traders use TWAP as a benchmark and execution guideline for spreading large buy or sell orders to avoid moving the market; comparing a trade’s result to the TWAP helps investors judge whether the execution was efficient or expensive, like slicing an order into even pieces over time to stay discreet.

multi-agent architecture technical

"we upgraded TigerAI to a multi-agent architecture, further enhancing model efficiency"

A multi-agent architecture is a software design where many independent programs, called agents, work together like a team of specialists each handling different tasks — sensing situations, making decisions, and coordinating actions. For investors, it matters because this setup can speed up automation, improve resilience and decision quality, and enable complex services (trading, risk monitoring, diagnostics) to scale or fail more gracefully, which can affect costs, performance, and regulatory compliance.

ipo regulatory

"ETF IPO subscriptions and launched a dividend reinvestment program, further enhancing"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

View in glossary

spac ipo financial

"it participated in two major SPAC IPO transactions — Fortress Value Acquisition"

A SPAC IPO is a public offering that creates a blank-check company—a shell company that raises money from investors through a stock sale with the specific purpose of finding and buying a private business later. It matters to investors because buying into a SPAC is a bet on the managers’ ability to find a good acquisition; think of it as funding a search team rather than a specific product, which can mean faster routes to public markets but also unique risks like deal uncertainty, dilution, and time limits.

auc financial

"crypto assets under custody (AUC) and crypto trading volume rose 139.7% and 60.9%"

Area under the curve (AUC) measures the total exposure of the body to a drug over time by calculating the area beneath a plot of drug concentration versus time. For investors, AUC indicates how much of a medicine reaches and stays in the bloodstream, which affects dosing, safety and effectiveness—similar to measuring how much water flows through a pipe over a day rather than just its peak pressure.

esop financial

"The Company's ESOP platform, UponeShare, saw sustained growth momentum in Q1."

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

turnkey asset management platform financial

"the Company's turnkey asset management platform (TAMP) TradingFront continued"

A turnkey asset management platform is a service that bundles investment products, portfolio management, trading, reporting and back-office operations into a single, ready-to-use solution for financial advisors and institutions. Think of it like renting a fully furnished, staffed office instead of building one yourself: it lets advisors offer professionally managed portfolios faster, with predictable costs and less operational work. For investors, this can mean quicker access to diversified, professionally run investments but also potential differences in fees and transparency.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, June 2, 2026 /PRNewswire/ -- UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the first quarter ended March 31, 2026. In the first quarter, the Company achieved a revenue of US$154.9 million, representing a 26.3% year-over-year(YoY) increase. Operating income rose 17.5% YoY to US$47.6 million, while operating margin remained healthy at 34.8%. During the quarter, the Company added 28,900 funded accounts, bringing the total number of funded accounts to 1.28 million, up 11.3% YoY. Business activity continued to strengthen, with total trading volume rising 49% YoY to US$323.9 billion. Net asset inflows maintained strong momentum at US$2.9 billion, driving total client assets up 28.4% YoY to US$58.9 billion.

UP Fintech's founder and CEO, Wu Tianhua, stated: "In the first quarter, despite softer market sentiment and trading activity amid geopolitical volatility, elevated interest rate expectations and stagflation concerns, the Company still delivered solid YoY growth in both revenue and operating performance, while continuing to expand its user base and client assets. Net asset inflows reached US$2.9 billion during Q1, while quarterly net asset inflows into consolidated retail accounts exceeded US$2 billion for the first time, further validating the effectiveness of our client-quality-focused growth strategy. At the same time, our internationalization and business diversification strategies continued to advance, supporting steady growth in overseas client scale and assets. In Singapore, supported by strong product experience and customer trust, quarterly net asset inflows exceeded US$1 billion. In Hong Kong, client assets maintained solid momentum with double-digit quarter-over-quarter(QoQ) growth, demonstrating the resilience and continued growth potential of our key regional markets."

"Technology and product innovation remain key drivers of user value for us. In Q1, TigerAI delivered strong momentum, with platform conversations rising nearly fivefold YoY, reflecting growing user engagement. During the quarter, we upgraded TigerAI to a multi-agent architecture, further enhancing model efficiency and user experience. We continued to enhance our investment toolkit with new features such as Hong Kong index options, options TWAP orders, Hong Kong ETF IPO subscriptions and dividend reinvestment, offering investors greater flexibility and a more seamless one-stop experience."

Singapore extended the market lead with 9 consecutive quarters of order growth

In Singapore, the Company continued to deliver strong performance across key operating metrics, further reinforcing its position as a leading local digital brokerage. During the quarter, net asset inflows exceeded US$1 billion. Trading activity remained robust, with Q1 total trading volume reaching a record high, up 140.5% YoY. Total trading orders grew 28.9% YoY, marking the ninth consecutive quarter of growth and also reaching a new high. By asset class, Singapore stock trading volume rose 106% YoY, while US stock and US options trading volume increased 37.6% and 56%, respectively, reflecting growing demand for global asset allocation among local investors. Tiger BOSS Debit Card*, Singapore's first debit card offering fractional share rewards for spending, continued to gain traction. Total cardholders increased 25% YoY in Q1, while monthly spending exceeded S$1 million (approximately US$780,000) for 11 consecutive months. During the quarter, the card added 14 new local brand partners, further expanding user benefits and local lifestyle offerings. In addition, the Company continued to strengthen its local brand presence and community engagement by supporting charity organization HaoRenHaoShi, reflecting its long-term commitment to the Singapore market and local community.

Hong Kong trading volume surged more than fivefold, earning continued industry recognition

In Hong Kong, improving sentiment in AI and hard-tech sectors helped support a market recovery in the first quarter, driving continued strong momentum for our Hong Kong market. During the quarter, total trading volume and total orders increased 536% and 89% YoY, respectively, while total account openings rose 104% YoY. Net asset inflows also recorded double-digit QoQ growth. Meanwhile, Hong Kong stock trading volume and order volume both increased 191% YoY, while crypto assets under custody (AUC) and crypto trading volume rose 139.7% and 60.9%, respectively. The Company also received multiple industry recognitions during the quarter, including Best Digital Broker 2026 at The Asset Triple A Digital Awards. Additional accolades included HKEX's Top Breakthrough Broker (Equities) and Top Breakthrough Broker (Futures and Options) awards, as well as CME Group's APAC New Product Growth Award, Outstanding Contribution to Derivatives Market Development, and Investor Education Excellence Award.

Strong operational execution and platform recognition across the US, Australia and New Zealand

In the US, the Company delivered strong performance across key operating metrics. In Q1, US business profit increased 14% QoQ, demonstrating solid profitability and disciplined operational execution. As brand recognition continued to expand, AUC in the US market grew 39% QoQ. Trading activity remained robust, with US stock shares traded surging 207% QoQ, US stock trading volume rising 139%, and options contracts traded increasing 20%. The strong performance reflected continued investor engagement and growing adoption of the platform's products and trading capabilities.

In Australia and New Zealand, we further strengthened our local brand presence and user trust through continued product innovation and strong user experience. In Australia, business scale more than doubled during the quarter, with total trading volume up 122% YoY, net asset inflows rising 135%, and new account openings increasing 43.3%. The Company was also recognized with the WeMoney 2026 Best for Features Award, highlighting its continued leadership in trading functionality. New Zealand also delivered strong growth across key metrics, with total trading volume rising 387% YoY, first-time deposits increasing 49%, and trading accounts growing 44%. Demand for US stocks remained strong as US stock orders increased 52% YoY, reflecting growing investor demand for global asset allocation and continued trading activity on the platform.

TigerAI upgraded to multi-agent and Q1 conversations surged nearly fivefold

2026 Hong Kong IPO subscription amount surpassed HK$1 Trillion in May

In the first quarter, commission income reached US$67.2 million, up 15.3% YoY, while interest-related income rose 18.7% to US$66.9 million. The Company continued to expand its global product offering through ongoing product innovation and platform enhancements. During the first quarter, the platform further strengthened its derivatives offering by launching Hong Kong index options trading** and introducing options TWAP (Time-Weighted Average Price) orders, helping investors reduce market impact costs and improve execution in large options trades. In Hong Kong, the platform added support for ETF IPO subscriptions and launched a dividend reinvestment program, further enhancing long-term investment tools for local users. In addition, TigerAI delivered breakout growth during the quarter, with the number of total users and conversations increasing 135.1% and 480.7% YoY, respectively. In Q1, TigerAI was officially upgraded to a multi-agent architecture, enabling user requests to be dynamically routed to the most suitable models based on task complexity, language, query type and scenario, improving efficiency, cost optimization and response quality. The platform also launched a dedicated AI futures analysis, further enhancing futures-related query accuracy and user experience. During the quarter, platform trading activity continued to improve, with average daily trades (DARTs) across all asset classes increasing 17.3% YoY, while the after-hours US stock DARTs surged 103.2%.

The Company's IPO subscription business remained among the top three in Hong Kong. In Q1, cumulative subscription amount reached HK$543.7 billion, up 170% YoY, with Hong Kong local client subscription amount surging more than 667%. As of May 19, The Company's 2026 Hong Kong IPO subscription amount officially surpassed HK$1 trillion, reaching the milestone in just 139 days — the fastest annual pace in the Company's history.

Wealth business grew strongly with million-dollar clients increasing by 60%

The Company's wealth management business also maintained strong momentum in Q1. Retail wealth AUC increased 43.8% YoY, while cash management tool Tiger Vault AUC grew 25.8%, including 183.2% growth in Hong Kong. Demand for long-term wealth products continued to rise, with Hong Kong non-money market fund AUC increasing more than fivefold and Singapore non-money market fund AUC rising 157%. Structured note trading also delivered strong performance, with quarterly trading volume rising 238.3% YoY and trading accounts increasing 200.9%. The Company's high-net-worth client base continued to expand, with the number of active wealth clients holding US$1 million+ in assets increasing 60.4% YoY, while assets held by this group rose 83.4%. Meanwhile, the discretionary portfolio management business under the Type 9 licensed managed accounts remained strong, with AUM increasing 66.1% QoQ and account numbers rising 120% YoY.

In Q1, the Company's turnkey asset management platform (TAMP) TradingFront continued to scale rapidly. AUC increased 230% YoY, while structured product trading volume surged 602.4%. TradingFront also upgraded Smart Fund AI into a new Smart Fund Diagnosis module, leveraging automated fund analysis to further enhance fund research and asset allocation efficiency. By continuously integrating core brokerage infrastructure with AI capabilities, TradingFront is helping institutional partners navigate market opportunities and volatility with greater efficiency and precision.

Strong investment banking quarter with 10 Hong Kong IPOs and participation in major US Deals

ESOP new client signings up 110% YoY

In the first quarter, the Company's other revenue, including investment banking, ESOP and other corporate services, reached US$20.7 million, representing a 161.4% YoY increase.

Investment banking continued to deliver strong performance. In Hong Kong, the Company underwrote 10 IPOs in Q1, including high-profile AI sector listings such as MiniMax and Zhipu AI, further demonstrating the team's execution capabilities in large IPO transactions. The Company also participated in multiple A+H IPO offerings, including Longcheer Technology, Gon Technology, Woer Heat - Shrinkable Material and MeiG Smart Technology. In addition, the Company was appointed as Overall Coordinator (OC) for three Hong Kong IPO projects — Yuyantang, Tongbo Technology and Tobita — reflecting continued market recognition of its professional service capabilities. In the US, the Company continued to expand its presence in large capital markets transactions and diversified offering types. During the quarter, it participated in two major SPAC IPO transactions — Fortress Value Acquisition Corp. V (US$250 million) and KPET Ultra Paceline Corp (US$200 million). In the digital assets sector, the Company also participated in BitGo, one of the first major US IPOs in the sector in 2026. The offering raised approximately US$213 million and priced above the top end of the marketed range, further reinforcing the Company's growing presence in digital asset finance.

The Company's ESOP platform, UponeShare, saw sustained growth momentum in Q1. The platform added 42 new clients during the quarter, including Kelun-Biotech, GenFleet Therapeutics, and Bao Pharma, bringing the total client base to 790 companies. During the period, the number of newly signed clients surged by 110% YoY, while revenue from consulting and SaaS services rose 78%, underscoring sustained demand for professional ESOP solutions and digital management tools.

For Tiger Enterprise Account, the Company added 11 new enterprise clients in Q1, including Green Tea Group, Bao Pharma, Baige Online, and Manycore Technology, bringing the cumulative total to 533.

*Tiger Brokers (Singapore) Pte. Ltd. partners with locally licensed institutions to provide debit card issuance and related account services.

 **Available in selected markets.

 

View original content:https://www.prnewswire.com/news-releases/up-fintech-q1-revenue-and-client-assets-grow-steadily-total-revenue-up-26-3-yoy-302788172.html

SOURCE UP Fintech Holding Limited

FAQ

How did UP Fintech (TIGR) perform in Q1 2026 revenue and profit?

UP Fintech reported Q1 2026 revenue of US$154.9 million and operating income of US$47.6 million. According to UP Fintech, revenue rose 26.3% year over year, operating income increased 17.5%, and operating margin remained at 34.8%, indicating higher scale with continued profitability.

What were UP Fintech (TIGR) client asset and account growth figures in Q1 2026?

UP Fintech ended Q1 2026 with US$58.9 billion in client assets and 1.28 million funded accounts. According to UP Fintech, client assets grew 28.4% year over year and funded accounts increased 11.3%, supported by US$2.9 billion in quarterly net asset inflows.

How did UP Fintech (TIGR) trading volume change in Q1 2026?

UP Fintech’s total Q1 2026 trading volume reached US$323.9 billion, up 49% year over year. According to UP Fintech, Singapore trading volume rose 140.5% YoY, while Hong Kong trading volume increased 536% YoY, reflecting rising activity across equity, options and other products.

What were the key highlights of UP Fintech’s Singapore and Hong Kong businesses in Q1 2026?

In Singapore and Hong Kong, UP Fintech saw rapid growth in trading and assets in Q1 2026. According to UP Fintech, Singapore net asset inflows exceeded US$1 billion, while Hong Kong trading volume increased more than fivefold and client account openings rose 104% year over year.

How is UP Fintech (TIGR) expanding its AI platform TigerAI and wealth management in Q1 2026?

UP Fintech upgraded TigerAI to a multi-agent architecture and expanded wealth offerings in Q1 2026. According to UP Fintech, TigerAI conversations grew 480.7% YoY, while retail wealth assets under custody rose 43.8% YoY and million-dollar wealth clients increased 60.4%.

What investment banking and ESOP milestones did UP Fintech (TIGR) achieve in Q1 2026?

UP Fintech’s other revenue, including investment banking and ESOP services, reached US$20.7 million in Q1 2026. According to UP Fintech, this was up 161.4% YoY, supported by underwriting 10 Hong Kong IPOs and adding 42 new ESOP clients, with new ESOP signings up 110% YoY.

How is UP Fintech (TIGR) performing in the US, Australia and New Zealand markets in Q1 2026?

UP Fintech reported strong regional growth across the US, Australia and New Zealand in Q1 2026. According to UP Fintech, US business profit increased 14% QoQ, Australia trading volume rose 122% YoY, and New Zealand trading volume climbed 387% YoY with higher account growth.