Up Fintech Holding (TIGR)
NASDAQ:TIGR
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Up Fintech Holding
(NASDAQ:TIGR)
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Rating:70Outperform
Price Target:
$5.50
▼(-24.66% Downside)
Action:Upgraded
Date:05/27/26
The score is driven by strong financial performance (profitability and cash flow strength) and a positive earnings outlook, tempered by high historical volatility. The main drag is weak technicals, with the stock in a pronounced downtrend and oversold momentum. Valuation is supportive with a low P/E, but no dividend data is available.
Positive Factors
Revenue & Profit Rebound
A large, durable rebound in 2025 revenue and record net income signals the core brokerage model regained traction. Material margin expansion (net margin ~28% in 2025 vs ~16% in 2024) improves cash conversion and provides recurring profits to fund product development and regional expansion.
Negative Factors
Regulatory Penalties (China)
Significant CSRC enforcement creates a structural regulatory overhang: remediation costs, tighter compliance requirements, reputational damage and potential limits on mainland operations. Mainland retail assets (~10% of AUM) could face reduced access or slower growth, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profit Rebound
A large, durable rebound in 2025 revenue and record net income signals the core brokerage model regained traction. Material margin expansion (net margin ~28% in 2025 vs ~16% in 2024) improves cash conversion and provides recurring profits to fund product development and regional expansion.
Read all positive factors
Up Fintech Holding (TIGR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$890.91M
Dividend YieldN/A
Average Volume (3M)4.95M
Price to Earnings (P/E)9.3
Beta (1Y)1.55
Revenue Growth56.68%
EPS Growth159.90%
CountryUS
Employees1,193
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.70
Shares Outstanding181,380,900
10 Day Avg. Volume10,311,578
30 Day Avg. Volume4,951,746
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.95
Price to Sales (P/S)2.75
P/FCF Ratio1.29
Enterprise Value/Market Cap-3.64
Enterprise Value/Revenue-6.66
Enterprise Value/Gross Profit-9.81
Enterprise Value/Ebitda-14.68
Forecast
1Y Price Target
$10.40Price Target Upside42.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.95
Revenue Forecast (FY)$634.31M
Up Fintech Holding Business Overview & Revenue Model
Company Description
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be acce...
How the Company Makes Money
Up Fintech Holding generally earns revenue from providing brokerage and related financial services through its online investing platforms. Key revenue streams include: (1) Trading commissions and execution-related fees: revenue earned when custome...
Up Fintech Holding Earnings Call Summary
Earnings Call Date:Mar 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 02, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive operating momentum: record-high full-year and quarterly revenue, all-time high profits, robust net asset inflows (>USD 10B), meaningful client and regional asset growth (notably Hong Kong, Singapore, ANZ), product enhancements, and solid investment banking/ESOP traction. Offsetting these positives were materially higher operating costs (marketing, compensation, data/IT), a significant rise in CAC, a one-off bad debt provision, modest QoQ profit pressure (~USD 10M), and a near-term cash repayment of convertible bonds (~USD 100M). Management characterized several cost items as strategic investments and one-offs and expects liquidity to remain healthy. On balance, the highlights materially outweigh the lowlights.Positive Updates
Record Full-Year and Quarterly Revenue
Full year total revenue reached USD 612.1 million, up 56.3% year-over-year. Fourth quarter total revenue was USD 175.6 million, up 41.5% year-over-year and a slight quarter-over-quarter increase of 0.2%.
Negative Updates
Rising Operating Costs Across Multiple Categories
Total operating costs in Q4 were USD 102.9 million, up 41% year-over-year. Key cost increases included employee compensation and benefits (+35% YoY to USD 50.3M), marketing (+67% YoY to USD 15.8M), communication and market data (+23% YoY to USD 14.5M), and occupancy/depreciation (+34% YoY to USD 2.9M).
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year and Quarterly Revenue
Full year total revenue reached USD 612.1 million, up 56.3% year-over-year. Fourth quarter total revenue was USD 175.6 million, up 41.5% year-over-year and a slight quarter-over-quarter increase of 0.2%.
Read all positive updates
Company Guidance
Management guided to acquire 150,000 new funded clients in 2026 while prioritizing user quality and ROI, expecting the asset contribution and volatility of new clients to be consistent with 2025; Q4 added 29,700 newly funded accounts and full-year 2025 added 161,900 (surpassing the 150k target), bringing total funded accounts to >1.25 million (up 14.8% YoY). They expect regional mix for 2026 to be similar to Q4 (Singapore ~35%, Hong Kong ~35%, Australia & New Zealand ~25%, U.S. ~5%), and Q1 new funded accounts to be roughly flat versus Q4; client assets were $80.8 billion at end‑Q4 (up 45.7% YoY) after net asset inflows of >$10 billion for 2025 (including >$3 billion in Q4), with Hong Kong new-client average net inflow a record >$43,000. On marketing and CAC, Q4 marketing expense was $15.8 million (up ≈$4 million q/q), which drove a higher average CAC that management expects to remain at Q4 levels in the near term but with stable marketing spend and user intake; finally, of the $155 million convertible bonds maturing by April, ~$50 million were extended for two years and ~$100 million will be repaid, which management does not expect to meaningfully affect liquidity.Up Fintech Holding Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
72
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 486.49M | 613.68M | 391.54M | 272.51M | 225.37M | 264.49M |
| Gross Profit | 330.57M | 572.05M | 254.52M | 162.67M | 108.01M | 127.81M |
| EBITDA | 220.74M | 292.06M | 151.12M | 102.34M | 29.71M | 19.00M |
| Net Income | 117.65M | 171.45M | 60.73M | 32.56M | -2.19M | 14.69M |
Balance Sheet | ||||||
| Total Assets | 8.57B | 8.23B | 6.39B | 3.75B | 3.80B | 3.32B |
| Cash, Cash Equivalents and Short-Term Investments | 805.11M | 4.28B | 470.20M | 751.66M | 441.14M | 276.01M |
| Total Debt | 174.52M | 173.16M | 179.50M | 172.64M | 168.22M | 154.54M |
| Total Liabilities | 7.81B | 7.36B | 5.73B | 3.25B | 3.35B | 2.87B |
| Stockholders Equity | 753.99M | 865.51M | 655.23M | 488.98M | 447.13M | 446.63M |
Cash Flow | ||||||
| Free Cash Flow | 672.66M | 1.31B | 826.42M | -9.33M | 253.17M | 408.24M |
| Operating Cash Flow | 672.86M | 1.32B | 827.98M | -6.57M | 258.06M | 413.20M |
| Investing Cash Flow | -10.23M | -5.75M | -8.66M | -7.75M | -3.61M | 10.92M |
| Financing Cash Flow | 0.00 | -2.93M | 103.83M | 1.82M | 4.73M | 330.88M |
Up Fintech Holding Technical Analysis
Negative
7.30
Price Trends
6.50
Negative
7.49
Negative
8.83
Negative
Market Momentum
-0.44
Positive
35.71
Neutral
30.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIGR, the sentiment is Negative. The current price of 7.3 is above the 20-day moving average (MA) of 6.15, above the 50-day MA of 6.50, and below the 200-day MA of 8.83, indicating a bearish trend. The MACD of -0.44 indicates Positive momentum. The RSI at 35.71 is Neutral, neither overbought nor oversold. The STOCH value of 30.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $13.30B | 9.65 | 41.05% | 0.95% | 47.30% | 68.64% | |
79 Outperform | $3.13B | 7.67 | 17.42% | ― | 12.56% | 20.38% | |
74 Outperform | $11.14B | 7.56 | 15.14% | 1.43% | 9.07% | 45.94% | |
72 Outperform | $15.10B | 13.13 | 32.39% | ― | 68.18% | 106.47% | |
70 Outperform | $890.91M | 9.34 | 21.89% | ― | 56.68% | 159.90% | |
68 Neutral | $8.90B | 9.94 | 22.01% | 1.10% | 10.28% | 17.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TIGR
Up Fintech Holding
5.10
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-40.28%
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Up Fintech Holding Corporate Events
UP Fintech Hit With Major CSRC Penalties Over Mainland China Securities Operations
May 22, 2026
On May 22, 2026, UP Fintech disclosed that certain of its subsidiaries had been investigated by the China Securities Regulatory Commission’s Beijing Bureau for conducting unlicensed cross-border securities operations and illegal fund and fut...
UP Fintech Posts Surging 2025 Profit as Client Assets and Global Reach Expand
Mar 19, 2026
On March 19, 2026, UP Fintech reported unaudited results for the fourth quarter and full year ended December 31, 2025, highlighting strong growth in revenues, profitability and client assets. Full-year revenue rose 56.3% to US$612.1 million and ne...
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.