NASDAQ : TIGR
UP Fintech Holding Limited — Financial statements
Financials · Capital Markets · Singapore
Last price 3.87 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 688.88M
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Financial statements
UP Fintech Holding Limited (TIGR) reported revenue of 607.24M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 299.85M | 267.72M | 203.07M | 161.47M | 93.05M | 79.60M |
| Total Interest Expense | 80.64M | 73.36M | 60.80M | 46.96M | 18.67M | 18.38M |
| Net Interest Income | 219.21M | 194.36M | 142.26M | 114.51M | 74.38M | 61.23M |
| Brokerage Commission | 289.26M | 266.83M | 159.05M | 92.59M | 108.12M | 147.20M |
| Other Revenue | 98.78M | 77.51M | 29.43M | 18.44M | 24.19M | 37.69M |
| Revenue | 607.24M | 538.71M | 330.74M | 225.55M | 206.70M | 246.11M |
| Salaries & Employee Benefits | 194.32M | 167.17M | 122.37M | 100.75M | 101.75M | 87.16M |
| Cost of Services Provided | 191.09M | 163.16M | 129.91M | 91.95M | 103.21M | 141.37M |
| Total Operating Expenses | 385.41M | 330.33M | 252.27M | 192.70M | 204.96M | 228.53M |
| Operating Income | 221.83M | 208.38M | 78.46M | 32.85M | 1.73M | 17.58M |
| Other Non-Operating Income (Expenses) | -64.17M | -538.60K | 3.04M | 13.15M | 1.54M | -2.72M |
| EBT Excluding Unusual Items | 157.66M | 207.84M | 81.51M | 45.99M | 3.27M | 14.86M |
| Gain (Loss) on Sale of Investments | -400.43K | -400.43K | 257.06K | -1.24M | ||
| Other Unusual Items | 4.19M | |||||
| Pretax Income | 157.26M | 207.44M | 81.76M | 45.99M | 2.03M | 19.05M |
| Income Tax Expense | 45.16M | 35.96M | 20.41M | 12.99M | 4.29M | 4.36M |
| Earnings From Continuing Ops. | 112.10M | 171.48M | 61.35M | 33.01M | -2.26M | 14.69M |
| Minority Interest in Earnings | -544.72K | -582.08K | -626.01K | -443.90K | 70.44K | |
| Net Income | 111.55M | 170.90M | 60.73M | 32.56M | -2.19M | 14.69M |
| Net Income to Common | 111.55M | 170.90M | 60.73M | 32.56M | -2.19M | 14.69M |
| Shares Outstanding (Basic) | 177.87M | 176.77M | 160.31M | 155.02M | 153.01M | 147.01M |
| Shares Outstanding (Diluted) | 184.81M | 187.18M | 168.94M | 161.82M | 153.01M | 155.71M |
| EPS (Basic) | 0.63 | 0.97 | 0.38 | 0.21 | -0.01 | 0.10 |
| EPS (Diluted) | 0.56 | 0.93 | 0.37 | 0.21 | -0.01 | 0.08 |
| Free Cash Flow | 1.31B | 826.42M | -9.33M | 253.17M | 408.24M | |
| Free Cash Flow Per Share | 7.00 | 4.89 | -0.06 | 1.66 | 2.62 | |
| Operating Margin | 36.53% | 38.68% | 23.72% | 14.56% | 0.84% | 7.14% |
| Profit Margin | 18.37% | 31.72% | 18.36% | 14.44% | -1.06% | 5.97% |
| Free Cash Flow Margin | 243.40% | 249.87% | -4.14% | 122.48% | 165.88% | |
| Effective Tax Rate | 28.72% | 17.34% | 24.96% | 28.23% | 211.08% | 22.90% |
| Revenue as Reported | 687.88M | 612.06M | 391.54M | 272.51M | 225.37M | 264.49M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 542.51M | 791.02M | 393.58M | 322.60M | 277.66M | 269.06M |
| Short-Term Investments | 4.16B | 3.40B | 2.46B | 1.62B | 1.68B | 1.43B |
| Accounts Receivable | 4.79B | 3.82B | 3.36B | 1.30B | 1.60B | 1.54B |
| Other Receivables | 26.07M | 38.30M | 25.45M | 13.70M | 9.32M | 7.91M |
| Property, Plant & Equipment | 21.96M | 17.44M | 15.06M | 14.26M | 20.27M | 11.76M |
| Goodwill | 2.49M | 2.49M | 2.49M | 2.49M | 2.49M | 2.49M |
| Other Intangible Assets | 8.60M | 11.18M | 11.24M | 10.19M | 8.89M | |
| Investments in Debt & Equity Securities | 135.42M | 95.35M | 83.21M | 435.75M | 170.46M | 13.31M |
| Other Current Assets | 30.86M | 16.80M | 9.97M | 13.12M | 9.36M | 14.13M |
| Long-Term Deferred Tax Assets | 13.13M | 10.40M | 8.57M | 10.99M | 13.12M | 12.26M |
| Other Long-Term Assets | 31.69M | 25.86M | 18.40M | 9.51M | 4.77M | 5.34M |
| Total Assets | 9.75B | 8.23B | 6.39B | 3.75B | 3.80B | 3.32B |
| Accounts Payable | 8.56B | 7.00B | 5.49B | 3.03B | 3.14B | 2.68B |
| Accrued Expenses | 185.66M | 62.51M | 37.39M | 28.51M | 23.86M | 21.70M |
| Current Portion of Long-Term Debt | 111.18M | |||||
| Current Portion of Leases | 6.50M | 6.78M | 4.15M | 4.13M | 5.49M | 2.61M |
| Other Current Liabilities | 53.12M | 84.60M | 9.73M | 13.28M | 3.09M | 5.18M |
| Long-Term Debt | 53.12M | 51.00M | 159.51M | 156.89M | 154.34M | 148.84M |
| Long-Term Leases | 1.73M | 4.20M | 5.90M | 4.78M | 8.39M | 3.09M |
| Long-Term Unearned Revenue | 388.42K | 1.38M | ||||
| Long-Term Deferred Tax Liabilities | 1.86M | 1.69M | 2.07M | 3.40M | 2.06M | 1.54M |
| Total Liabilities | 8.86B | 7.36B | 5.73B | 3.25B | 3.35B | 2.87B |
| Common Stock | 26.98K | 26.78K | 26.40K | 23.50K | 23.19K | 22.82K |
| Additional Paid-In Capital | 642.47M | 634.20M | 619.03M | 505.45M | 495.71M | 484.34M |
| Retained Earnings | 236.73M | 224.00M | 50.27M | -11.09M | -44.20M | -42.23M |
| Comprehensive Income & Other | 11.11M | 9.45M | -11.92M | -3.23M | -2.23M | 6.67M |
| Total Common Equity | 887.15M | 865.51M | 655.23M | 488.98M | 447.13M | 446.63M |
| Minority Interest | 5.07M | 4.67M | 6.89M | 6.45M | 4.50M | |
| Shareholders' Equity | 892.22M | 870.18M | 662.12M | 495.42M | 451.63M | 446.63M |
| Total Liabilities & Equity | 9.75B | 8.23B | 6.39B | 3.75B | 3.80B | 3.32B |
| Total Debt | 61.35M | 173.16M | 169.56M | 165.80M | 168.22M | 154.54M |
| Net Cash (Debt) | 4.64B | 4.02B | 2.69B | 1.77B | 1.79B | 1.55B |
| Net Cash Per Share | 25.10 | 21.48 | 15.92 | 10.96 | 11.68 | 9.93 |
| Filing Date Shares Outstanding | 178.74M | 177.83M | 175.33M | 156.01M | 153.91M | 164.12M |
| Total Common Shares Outstanding | 178.74M | 177.83M | 175.33M | 156.01M | 153.91M | 151.44M |
| Working Capital | 744.23M | 766.93M | 690.69M | 176.25M | 395.49M | 547.43M |
| Book Value Per Share | 4.96 | 4.87 | 3.74 | 3.13 | 2.91 | 2.95 |
| Tangible Book Value | 884.65M | 854.41M | 641.56M | 475.25M | 434.44M | 435.24M |
| Tangible Book Value Per Share | 4.95 | 4.80 | 3.66 | 3.05 | 2.82 | 2.87 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 170.90M | 60.73M | 32.56M | -2.19M | 14.69M | |
| Depreciation & Amortization, Total | 2.89M | 2.62M | 2.84M | 2.75M | 1.34M | |
| Gain (Loss) On Sale of Investments | -3.17M | -10.41M | -16.15M | 1.95M | -510.43K | |
| Stock-Based Compensation | 15.61M | 9.74M | 10.15M | 14.21M | 13.37M | |
| Change in Accounts Receivable | -457.89M | -2.08B | 306.11M | -57.38M | -374.87M | |
| Change in Accounts Payable | 1.51B | 2.46B | -106.95M | 454.70M | 757.57M | |
| Change in Other Net Operating Assets | 89.79M | 5.23M | 5.73M | 4.88M | 3.41M | |
| Other Operating Activities | -6.21M | 12.74K | 9.32M | -1.27M | -297.68K | |
| Operating Cash Flow | 1.32B | 827.98M | -6.57M | 258.06M | 413.20M | |
| Capital Expenditures | -5.48M | -1.55M | -2.76M | -4.89M | -4.97M | |
| Cash Acquisitions | 4.75M | |||||
| Investment in Securities | 470.75K | -7.38M | -4.65M | 1.83M | 13.18M | |
| Other Investing Activities | -1.12M | 276.29K | -335.80K | -552.65K | -2.12M | |
| Investing Cash Flow | -5.75M | -8.66M | -7.75M | -3.61M | 10.92M | |
| Long-Term Debt Issued | 154.91M | |||||
| Net Debt Issued (Repaid) | 154.91M | |||||
| Issuance of Common Stock | 100.90K | 104.66M | 140.38K | 366.54K | 177.19M | |
| Other Financing Activities | -3.03M | -835.81K | 1.68M | 4.36M | -1.22M | |
| Financing Cash Flow | -2.93M | 103.83M | 1.82M | 4.73M | 330.88M | |
| Foreign Exchange Rate Adjustments | 26.64M | -4.64M | -3.48M | -4.34M | -1.72M | |
| Net Cash Flow | 1.33B | 918.51M | -15.97M | 254.84M | 753.29M | |
| Free Cash Flow | 1.31B | 826.42M | -9.33M | 253.17M | 408.24M | |
| Free Cash Flow Margin | 243.40% | 249.87% | -4.14% | 122.48% | 165.88% | |
| Free Cash Flow Per Share | 7.00 | 4.89 | -0.06 | 1.66 | 2.62 | |
| Cash Income Tax Paid | 26.07M | 11.29M | 13.32M | 2.13M | 5.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 688.88M | 1.69B | 1.21B | 686.93M | 525.03M | 742.81M |
| Last Close Price | 3.87 | 9.56 | 6.46 | 4.42 | 3.41 | 4.91 |
| PE Ratio | 6.95 | 9.91 | 19.88 | 21.09 | 50.56 | |
| PS Ratio | 1.13 | 3.14 | 3.65 | 3.05 | 2.54 | 3.02 |
| PB Ratio | 0.78 | 1.95 | 1.82 | 1.39 | 1.16 | 1.66 |
| P/FCF Ratio | 0.53 | 1.29 | 1.46 | 2.07 | 1.82 | |
| P/OCF Ratio | 1.29 | 1.46 | 2.04 | 1.80 | ||
| Debt / Equity Ratio | 0.07 | 0.20 | 0.26 | 0.34 | 0.37 | 0.35 |
| Debt / FCF Ratio | 0.13 | 0.20 | 0.66 | 0.38 | ||
| Net Debt / Equity Ratio | -5.20 | -4.62 | -4.06 | -3.58 | -3.96 | -3.46 |
| Net Debt / FCF Ratio | -3.07 | -3.25 | 190.13 | -7.06 | -3.79 | |
| Asset Turnover | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.09 |
| Quick Ratio | 1.08 | 1.10 | 1.12 | 1.05 | 1.12 | 1.20 |
| Current Ratio | 1.08 | 1.10 | 1.12 | 1.06 | 1.12 | 1.20 |
| Return on Equity (ROE) | 13.57% | 22.38% | 10.60% | 6.97% | -0.50% | 4.31% |
| Return on Assets (ROA) | 1.22% | 2.35% | 1.21% | 0.88% | -0.06% | 0.53% |
| Return on Invested Capital (ROIC) | 16.94% | 18.37% | 7.89% | 3.68% | -0.32% | 3.21% |
| Earnings Yield | 14.38% | 10.09% | 5.03% | 4.74% | -0.42% | 1.98% |
| FCF Yield | 190.34% | 77.42% | 68.45% | -1.36% | 48.22% | 54.96% |
| Buyback Yield / Dilution | -1.37% | -10.80% | -4.40% | -5.76% | 1.74% | -8.02% |