The earnings call presented strong growth in revenue, client assets, and net income, with notable achievements in IPO underwriting and market expansion. While there were some challenges, such as a slight decrease in cash equity take rate and higher customer acquisition costs in Hong Kong, the positive aspects significantly outweighed the negatives.

Company Guidance

During the UP Fintech Holding Limited Second Quarter 2025 Earnings Conference Call, the company reported significant financial growth, with total revenue reaching a record USD 139 million, marking a 58.7% year-over-year increase and a 13.1% quarter-over-quarter growth. Trading volume surged to USD 284 billion, contributing to a 90.1% year-over-year and 11.1% quarter-over-quarter rise in commission income, which amounted to USD 64.8 million. Net interest income increased by 32.8% year-over-year to USD 58.7 million, while net income attributable to UP Fintech was USD 41.4 million, a 36.2% quarter-over-quarter rise and 16 times higher than the same period last year. Non-GAAP net income was reported at USD 44.5 million, showing a 23.5% sequential growth and an 8.6 times increase from the previous year. The non-GAAP net profit margin reached a new high of 32%, continuing its growth for four consecutive quarters. Client assets grew to USD 52.1 billion, up 13.5% quarter-over-quarter and 36.3% year-over-year, marking 11 consecutive quarters of growth. The company added 39,800 new funded accounts in the second quarter, with notable growth in Singapore and Hong Kong, where the average net asset inflow per new client exceeded USD 20,000, and even higher in these key markets.

Record Revenue Growth

Total revenue for the quarter reached USD 139 million, representing a 58.7% year-over-year increase and a 13.1% quarter-over-quarter growth.

Significant Increase in Client Assets

Total client assets reached a new record of USD 52.1 billion, up 13.5% quarter-over-quarter and 36.3% year-over-year, marking 11 consecutive quarters of growth.

Strong Net Income Growth

Net income attributable to UP Fintech for the second quarter was USD 41.4 million, up 36.2% from the previous quarter and 16x higher than the same quarter last year.

Expansion in High-Quality Markets

Added 39,800 new funded accounts, with Singapore and Hong Kong being the primary contributing markets, and total funded accounts reaching 1,192,700, a 21.4% year-over-year increase.

IPO and ESOP Business Expansion

Underwrote 7 Hong Kong IPOs and 4 U.S. IPOs, including notable ones like Chagee. ESOP business added 30 new clients, a year-over-year increase of 15%.

Up Fintech Holding (TIGR) Earnings, Revenues Date & History

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TIGR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q3)	0.20 / -	0.124	―	―	―
Aug 27, 2025	2025 (Q2)	0.10 / 0.24	0.033	630.30% (+0.21)	―
May 30, 2025	2025 (Q1)	0.11 / 0.20	0.092	115.22% (+0.11)	―
Mar 18, 2025	2024 (Q4)	- / 0.17	0.007	2357.14% (+0.16)	―
Nov 12, 2024	2024 (Q3)	0.06 / 0.12	0.1	24.00% (+0.02)	―
Aug 30, 2024	2024 (Q2)	0.05 / 0.03	0.097	-65.98% (-0.06)	―
Jun 05, 2024	2024 (Q1)	0.10 / 0.09	0.066	39.39% (+0.03)	―
Mar 20, 2024	2023 (Q4)	0.06 / <0.01	0.029	-75.86% (-0.02)	―
Nov 27, 2023	2023 (Q3)	- / 0.10	0.041	143.90% (+0.06)	―
Aug 29, 2023	2023 (Q2)	0.04 / 0.10	0.022	340.91% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TIGR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 27, 2025	$12.82	$11.57	-9.75%
May 30, 2025	$8.43	$8.11	-3.80%
Mar 18, 2025	$7.97	$9.69	+21.58%
Nov 12, 2024	$6.54	$5.88	-10.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.