Up Fintech Holding (TIGR) AI Stock Analysis

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Up Fintech Holding

(NASDAQ:TIGR)

Rating:76Outperform

Price Target:

$13.00

▲(12.36% Upside)

Up Fintech Holding's strong technical indicators and positive earnings call performance are the primary drivers of its high score. The company's financial performance is solid, though cash flow concerns slightly temper the outlook. Valuation is reasonable, supporting the overall positive assessment.

Positive Factors

Client and Asset Growth

Tiger Brokers is experiencing robust client and asset growth, enhancing its profitability.

Trading Volume

Brokerage income is predicted to grow 19% due to a rise in trading volume and stable commission rates.

Negative Factors

Competition

Intensifying competition could lead to lower commission rates or higher selling and marketing costs.

Market Conditions

Unfavorable market conditions will suppress trading and margin financing activities.

Up Fintech Holding (TIGR) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$2.25B

Dividend YieldN/A

Average Volume (3M)5.76M

Price to Earnings (P/E)28.5

Beta (1Y)1.48

Revenue Growth58.88%

EPS Growth305.98%

CountryUS

Employees1,193

SectorFinancial

Sector Strength72

IndustryFinancial - Capital Markets

Share Statistics

EPS (TTM)0.24

Shares Outstanding180,388,440

10 Day Avg. Volume5,459,431

30 Day Avg. Volume5,755,310

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market Cap-0.74

Enterprise Value/Revenue-4.27

Enterprise Value/Gross Profit-5.96

Enterprise Value/Ebitda-11.32

Forecast

1Y Price Target

$13.59

Price Target Upside17.46% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering4

Up Fintech Holding Business Overview & Revenue Model

Company DescriptionUp Fintech Holding Limited, operating under the ticker symbol TIGR, is a technology-driven online brokerage firm based in China. The company focuses on providing a comprehensive suite of financial services, including securities trading, investment management, and wealth management solutions. Up Fintech primarily caters to individual investors and institutions, leveraging its proprietary trading platform to facilitate access to various financial markets, including stocks, options, and futures, both in domestic and international arenas.

How the Company Makes MoneyUp Fintech generates revenue through multiple key streams. Primarily, the company earns commissions from trading activities, where it charges fees for executing trades on behalf of its clients. Additionally, Up Fintech benefits from interest income on client margin accounts and cash balances, as well as from the management of assets in various investment products. The company also engages in securities lending, providing liquidity to the market and earning fees from this service. Furthermore, strategic partnerships with financial services firms enhance its product offerings and client base, contributing to its earnings through increased trading volume and customer acquisition.

Up Fintech Holding Earnings Call Summary

Earnings Call Date:Aug 27, 2025

(Q1-2025)

% Change Since: |

Next Earnings Date:Dec 02, 2025

Earnings Call Sentiment Positive

The earnings call presented a strong performance with significant revenue, user base, and asset growth, driven by strategic expansions and product innovations. Despite some concerns over flat interest income and rising costs, the company's profitability and market position improved substantially.

Q1-2025 Updates

Positive Updates

Record Revenue Growth

Total revenue reached $122.6 million, up 55.3% year-over-year, with commission income hitting a record-high of $58.3 million, more than doubling year-over-year.

Strong User and Asset Growth

60,900 new funded accounts were added, marking a 111.2% growth year-over-year. Total client assets reached a record high of $45.9 billion, up 39.5% year-over-year.

AI and Product Innovations

The company upgraded TigerGPT to TigerAI, enhancing personalization and user satisfaction which exceeded 80%.

Hong Kong Market Expansion

Received approval from the Hong Kong SFC to offer virtual asset services and reported a 20% quarter-over-quarter increase in client assets from the Greater China region.

Significant Profitability Improvement

Non-GAAP net income increased to $36 million, reflecting a 145% increase year-over-year. GAAP net income rose 146.7% year-over-year.

Negative Updates

Flat Interest Income

Interest income was $53.8 million, slightly decreased 4% quarter-over-quarter due to matured US treasury holdings.

Increased Costs and Expenses

Total operating costs were $67.1 million, a 32% increase from the previous year, with specific increases in execution, employee compensation, and marketing expenses.

Potential Impact of Interest Rate Cuts

The company estimated that a 25 bps cut by the Federal Reserve could negatively impact quarterly net interest income by about $1 million to $1.5 million.

Company Guidance

During the first quarter of 2025, UP Fintech Holding Limited reported a robust financial performance with total revenue reaching $122.6 million, marking a 55.3% increase year-over-year. The company saw a record-high commission income of $58.3 million, more than doubling from the previous year, driven by a total trading volume of $217 billion. Marketing, financing, and securities lending balances surged to $5.2 billion, reflecting an 89.4% year-over-year growth. The net interest income also rose to $53.8 million, up 22.7% year-over-year. Non-GAAP net income attributable to UP Fintech increased to $36 million, an 18.3% sequential rise and a 145% jump year-over-year, while GAAP net income reached $30.4 million, showing an 8.4% quarter-over-quarter and 146.7% year-over-year increase. The company added 60,900 new funded accounts, achieving over 40% of its annual target of 150,000 new accounts, resulting in a total of 1,152,900 funded accounts by the quarter's end, a 23.5% year-over-year increase. Client assets hit a record high of $45.9 billion, up 9.9% quarter-over-quarter and 39.5% year-over-year, marking the 10th consecutive quarter of growth.

Up Fintech Holding Financial Statement Overview

Summary

Up Fintech Holding has shown commendable growth in revenue and profitability, with strong gross margins and improved net margins. The balance sheet reflects a solid equity base and low debt levels, supporting financial stability. However, fluctuating cash flows raise concerns about operational sustainability and liquidity.

Income Statement

Positive

Up Fintech Holding has demonstrated robust revenue growth from 2019 to 2024, with Total Revenue increasing from $58.7M in 2019 to $330.7M in 2024. The company boasts a strong Gross Profit Margin, consistently at 100% in recent years, indicating effective cost management. The Net Profit Margin has improved significantly, moving from negative territory in 2019 to a notable 18.36% in 2024, reflecting enhanced profitability. However, EBIT and EBITDA margins have been volatile, suggesting some operational inefficiencies.

Balance Sheet

Positive

The balance sheet reflects a strengthening equity position with Stockholders' Equity growing from $211.9M in 2019 to $655.2M in 2024, indicating financial stability. The Debt-to-Equity ratio has remained low, standing at 0.24 in 2024, suggesting prudent leverage management. However, the Equity Ratio has fluctuated, with the latest at 10.25% in 2024, pointing to room for improvement in capital structure resilience.

Cash Flow

Neutral

Cash flow generation has been inconsistent, with a substantial Operating Cash Flow in 2019 and 2020 but declining in subsequent years, with TTM showing zero. Free Cash Flow has similarly fluctuated, with significant levels in early years but reduced to zero in 2024. This presents concerns about cash management and sustainability of operations without external financing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	391.54M	272.51M	225.37M	264.49M	138.50M
Gross Profit	254.52M	162.67M	89.34M	127.81M	65.71M
EBITDA	141.89M	82.64M	4.47M	19.00M	21.03M
Net Income	60.73M	32.56M	-2.26M	14.69M	16.06M
Balance Sheet
Total Assets	6.39B	3.75B	3.80B	3.32B	2.19B
Cash, Cash Equivalents and Short-Term Investments	470.20M	751.66M	441.14M	276.01M	98.91M
Total Debt	169.56M	165.80M	13.88M	154.54M	7.21M
Total Liabilities	5.73B	3.25B	3.35B	2.87B	1.96B
Stockholders Equity	655.23M	488.98M	447.13M	446.63M	235.69M
Cash Flow
Free Cash Flow	826.42M	-9.33M	253.17M	408.24M	534.30M
Operating Cash Flow	827.98M	-6.57M	258.06M	413.20M	535.28M
Investing Cash Flow	-8.66M	-7.75M	-3.61M	10.92M	43.56M
Financing Cash Flow	103.83M	1.82M	4.73M	330.88M	-8.37M

Up Fintech Holding Technical Analysis

Technical Analysis Sentiment

Positive

Last Price11.57

Price Trends

50DMA

10.10

Positive

100DMA

9.18

Positive

200DMA

8.15

Positive

Market Momentum

MACD

0.59

Negative

RSI

57.57

Neutral

STOCH

66.48

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIGR, the sentiment is Positive. The current price of 11.57 is above the 20-day moving average (MA) of 10.63, above the 50-day MA of 10.10, and above the 200-day MA of 8.15, indicating a bullish trend. The MACD of 0.59 indicates Negative momentum. The RSI at 57.57 is Neutral, neither overbought nor oversold. The STOCH value of 66.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TIGR.

Up Fintech Holding Risk Analysis

Up Fintech Holding disclosed 97 risk factors in its most recent earnings report. Up Fintech Holding reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Up Fintech Holding Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FUTU	80 Outperform	$29.86B	26.31	26.43%	―	66.97%	86.46%
IBKR	80 Outperform	$27.94B	32.73	19.15%	0.42%	12.30%	20.76%
TIGR	76 Outperform	$2.25B	28.51	18.77%	―	58.88%	305.98%
Sector *	68 Neutral	$17.82B	11.90	10.30%	3.72%	9.69%	0.80%
MKTX	68 Neutral	$7.09B	32.00	16.41%	1.59%	8.30%	-14.39%
XP	66 Neutral	$8.83B	10.38	22.42%	3.88%	-6.77%	2.95%
PJT	64 Neutral	$6.33B	30.57	106.47%	0.55%	18.40%	54.77%

* Financial Sector Average

Performance Comparison

TIGR

Up Fintech Holding

11.57

7.68

197.43%

IBKR

Interactive Brokers

61.79

30.21

95.66%

MKTX

Marketaxess Holdings

187.51

-55.05

-22.70%

PJT

PJT Partners

182.00

59.85

49.00%

FUTU

Futu Holdings

183.93

124.90

211.59%

17.10

-0.57

-3.23%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 28, 2025