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Up Fintech Holding Ltd (TIGR)
NASDAQ:TIGR
Earnings Data
Report Date
May 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: 10.79%
|Next Earnings Date:May 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented strong financial performance with record revenue and profit growth, expansion in client accounts, and strategic advancements in cryptocurrency and AI technologies. However, the rise in operational expenses and tax rates were notable concerns. The positive aspects significantly outweigh the lowlights, indicating a successful quarter and year.Company Guidance
In the recent earnings call for UP Fintech Holding Limited, the company reported substantial growth in both financial and operational metrics for Q4 and the full year of 2024. The total revenue for the fourth quarter reached $124.1 million, marking a 22.8% increase quarter-over-quarter and a 77.3% increase year-over-year. For the full year, revenue grew by 43.7% to $391.5 million. The company achieved record highs in both commission and interest income, with increases of 35.8% and 16.3% respectively compared to the previous quarter. GAAP net income for the year was $60.7 million, with non-GAAP net income at $70.5 million, representing an 86.5% and 65% increase from 2023, respectively. The fourth quarter saw a significant rise in GAAP and non-GAAP net profit to $28.1 million and $30.5 million, reflecting a 58% and 51.7% increase quarter-over-quarter. The non-GAAP net profit margin improved from 20% in Q3 to 25% in Q4. The company added 59,200 newly funded accounts in the fourth quarter, a 17.2% increase from the prior quarter, and exceeded its annual target with 187,400 new funded accounts for the year. Total client assets grew by 2.4% quarter-over-quarter and 36.4% year-over-year, reaching $41.7 billion, with strong contributions from the Hong Kong market. Despite challenging market conditions, the company maintained robust growth, driven by strategic expansions and product enhancements.Record Revenue Growth
Total revenue for Q4 2024 reached $124.1 million, representing a 22.8% increase quarter-over-quarter and a 77.3% increase year-over-year. For the full year, revenue was $391.5 million, a 43.7% increase from 2023.
Profitability Improvement
GAAP net income for 2024 was $60.7 million, up 86.5% from 2023, and non-GAAP net income was $70.5 million, up 65% from 2023. Q4 GAAP net profit was $28.1 million, a 58% increase quarter-over-quarter.
Increase in Client Accounts
59,200 new funded accounts in Q4, a 17.2% increase from the previous quarter. Total funded accounts reached 1.09 million by the end of 2024, a 20.7% year-over-year increase.
Expansion into Cryptocurrency
YAX Hong Kong received licenses for Type 1 and Type 7 from the Hong Kong SFC, making it a licensed virtual asset trading platform.
AI Investment Assistant Upgrade
The AI investment assistant was upgraded to TigerAI, integrating leading AI models to enhance investment decision-making capabilities.
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TIGR Earnings History
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
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TIGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 18, 2025 | $7.97 | $9.69 | +21.58% |
| Nov 12, 2024 | $6.54 | $5.88 | -10.09% |
| Aug 30, 2024 | $3.89 | $3.64 | -6.43% |
| Jun 05, 2024 | $4.05 | $4.22 | +4.20% |
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.
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FAQ
When does Up Fintech Holding Ltd (TIGR) report earnings?
Up Fintech Holding Ltd (TIGR) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.
What is Up Fintech Holding Ltd (TIGR) earnings time?
Up Fintech Holding Ltd (TIGR) earnings time is at May 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TIGR EPS forecast?
TIGR EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
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