UP Fintech Q2 Revenue Hits Record $182.3M, Client Assets Surge to $60.7B
TIGR sits 38% above its 52-week low of $4.
Summary
UP Fintech delivered a record quarter with revenue up 31.4% YoY to $182.3M and non-GAAP net income of $42.8M, up 20% QoQ. Client assets grew 16.7% YoY to $60.7B, driven by $1.5B+ in net inflows and 32,600 new funded accounts. This follows a Q1 net loss of $26.9M due to a regulatory penalty, making the Q2 rebound a sharp turnaround. Growth was broad-based: Hong Kong active accounts +132% YoY, US AUC +58% QoQ, and Singapore trading volume +92% YoY. The company also underwrote 14 Hong Kong IPOs and expanded wealth management, with HNW clients up 16.9% QoQ. The strong results validate the global expansion strategy and position the company for continued momentum.
At the time of this announcement, TIGR was trading at $5.52 on NASDAQ in the Finance sector, with a market capitalization of approximately $1B. The 52-week trading range was $4.00 to $13.55. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.