UP Fintech’s Q3 Revenue Soars 44% as Client Assets Double

UP Fintech Holding, the parent company of Tiger
Brokers, delivered an impressive third quarter, reporting record revenue of
$101.1 million and a three-year high profit. The company’s performance was
marked by a substantial increase in client assets, which doubled year-over-year
(YoY) to $40.8 billion.

Q3 Revenue

UP Fintech’s Q3 revenue surged 44.1% YoY and 15.6%
quarter-over-quarter (QoQ), reportedly driven by increased trading activity and
client engagement. The non-GAAP net income attributable to shareholders
reached $20.1 million, marking a significant 286.5% QoQ rise and a 25.6%
increase YoY.

During the period, UP Fintech added 60,000 new
accounts, boosting its total global accounts to 2.37 million. This represents a
10.2% YoY increase. The number of funded accounts also rose significantly, with
50,500 new additions, representing a 19.3% YoY growth.

Strong net deposits played a key role in the record
surge of client assets, which increased by 6.7% QoQ and an impressive 115.9%
YoY to hit $40.8 billion.

In Singapore, Tiger Brokers, a subsidiary of UP
Fintech, reported record trading volumes and commission income, with net asset
inflows climbing 134% YoY. The integration of Cash Boost with the Central
Depository (CDP) accounts reportedly attracted investors, boosting trading
orders by 43% QoQ.

The company experienced a strong increase in client
assets in Hong Kong, which rose by over 30% QoQ. Tiger Brokers has introduced
weekly stock options to enhance user trading experience and offer cycle options
trading.

US Platform

TradeUP, UP Fintech’s US platform, demonstrated strong
growth, with user downloads rising 122% compared to Q2. The platform’s
self-clearing capabilities boosted trade execution, with after-hours trading
volume increasing by 240% QoQ.

Additionally, the company posted strong client
acquisition, with newly funded accounts up 104% YoY in Australia. In New
Zealand, trading activity surged, with deposits increasing 128% YoY and trading
volume rising 249% YoY.

On the wealth management side, the company’s assets
under management (AUM) grew 101% YoY, supported by increased client engagement
and the popularity of Tiger Vault’s money market funds.

In the IPO market, Tiger Brokers ranked among the top
three underwriters in Hong Kong, handling nine IPOs in Q3. The firm also
continued to expand its Employee Stock Ownership Plan services, adding new
enterprise clients and boosting net profit by over 270% QoQ.

UP Fintech Holding, the parent company of Tiger
Brokers, delivered an impressive third quarter, reporting record revenue of
$101.1 million and a three-year high profit. The company’s performance was
marked by a substantial increase in client assets, which doubled year-over-year
(YoY) to $40.8 billion.

Q3 Revenue

UP Fintech’s Q3 revenue surged 44.1% YoY and 15.6%
quarter-over-quarter (QoQ), reportedly driven by increased trading activity and
client engagement. The non-GAAP net income attributable to shareholders
reached $20.1 million, marking a significant 286.5% QoQ rise and a 25.6%
increase YoY.

During the period, UP Fintech added 60,000 new
accounts, boosting its total global accounts to 2.37 million. This represents a
10.2% YoY increase. The number of funded accounts also rose significantly, with
50,500 new additions, representing a 19.3% YoY growth.

Strong net deposits played a key role in the record
surge of client assets, which increased by 6.7% QoQ and an impressive 115.9%
YoY to hit $40.8 billion.

In Singapore, Tiger Brokers, a subsidiary of UP
Fintech, reported record trading volumes and commission income, with net asset
inflows climbing 134% YoY. The integration of Cash Boost with the Central
Depository (CDP) accounts reportedly attracted investors, boosting trading
orders by 43% QoQ.

The company experienced a strong increase in client
assets in Hong Kong, which rose by over 30% QoQ. Tiger Brokers has introduced
weekly stock options to enhance user trading experience and offer cycle options
trading.

US Platform

TradeUP, UP Fintech’s US platform, demonstrated strong
growth, with user downloads rising 122% compared to Q2. The platform’s
self-clearing capabilities boosted trade execution, with after-hours trading
volume increasing by 240% QoQ.

Additionally, the company posted strong client
acquisition, with newly funded accounts up 104% YoY in Australia. In New
Zealand, trading activity surged, with deposits increasing 128% YoY and trading
volume rising 249% YoY.

On the wealth management side, the company’s assets
under management (AUM) grew 101% YoY, supported by increased client engagement
and the popularity of Tiger Vault’s money market funds.

In the IPO market, Tiger Brokers ranked among the top
three underwriters in Hong Kong, handling nine IPOs in Q3. The firm also
continued to expand its Employee Stock Ownership Plan services, adding new
enterprise clients and boosting net profit by over 270% QoQ.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    XM, IC Markets, Tickmill: CFD Brokers Step Up Support Amid Cyprus Wildfires

    Cyprus is dealing with ongoing wildfire flare-ups in the Limassol district following a large blaze that began near the village of Malia on Wednesday afternoon and spread rapidly, challenging early…

    Screens On, Sleep Off: LSE’s 24/7 Plan, Bloomberg Terminal Still Reigns, 401(k)s Get Risky

    Could Less Be More for LSE? London Stock Exchange Group is exploring the operational and regulatory implications of introducing 24-hour trading, It was reported over the weekend. US exchanges have…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    What Is Gold FOMO and How to Avoid It in 2025?

    • July 25, 2025
    What Is Gold FOMO and How to Avoid It in 2025?

    Does Silver Benefit from War Headlines in 2025?

    • July 25, 2025
    Does Silver Benefit from War Headlines in 2025?

    What Happens When Central Banks Disagree on Inflation?

    • July 25, 2025
    What Happens When Central Banks Disagree on Inflation?

    XAU/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25

    • July 25, 2025
    XAU/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25