Up Fintech Holding ( (TIGR) ) has released its Q2 earnings. Here is a breakdown of the information Up Fintech Holding presented to its investors.
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UP Fintech Holding Limited is a leading online brokerage firm that caters to global investors, offering a mobile-first trading platform for equities and other financial instruments across multiple exchanges worldwide. The company recently reported a record-breaking second quarter in 2025, with total revenue reaching $138.7 million, marking a 58.7% increase year-over-year. This growth was driven by increased user engagement and a diversified product offering, resulting in a significant rise in both GAAP and non-GAAP net incomes.
Key financial highlights include a net income attributable to ordinary shareholders of $41.4 million, a substantial increase from $2.6 million in the same quarter last year. The company also saw a 36.3% year-over-year increase in total account balance, reaching $52.1 billion, and a 21.4% rise in the number of customers with deposits. UP Fintech’s strategic focus on high-quality customer acquisition and market expansion, particularly in Hong Kong and Singapore, contributed to these impressive results.
The company continued to innovate by launching new features, such as CPF and SRS account trading in Singapore, which allow clients to invest in approved financial products with tax benefits. Additionally, UP Fintech’s corporate business showed strong performance by underwriting multiple IPOs in Hong Kong and the U.S., further solidifying its market presence.
Looking ahead, UP Fintech remains optimistic about its growth trajectory, aiming to achieve its annual target of 150,000 new customers with deposits by the end of 2025. The company’s strategic initiatives and robust financial performance indicate a promising outlook for continued expansion and success in the global financial markets.