UP Fintech Sees Q2 Earnings and Revenue Surge

UP Fintech, a financial technology platform, reported a rise in Q2 adjusted earnings and revenue. The company offers comprehensive brokerage services and value-added services such as investor education and community engagement through its integrated single-account structure across global markets. UP Fintech primarily operates in New Zealand, Singapore, and the US.

Title: UP Fintech Reports Record Q2 2025 Revenue and Net Income Growth

UP Fintech Holding Limited, a prominent online brokerage firm, has announced its unaudited financial results for the second quarter of 2025, showcasing a robust performance in revenue and net income growth. The company reported a record total revenue of $138.7 million, marking a significant 58.7% year-over-year increase and a 13.1% quarter-over-quarter increase [1]. This strong financial performance was driven by increased user engagement and a diversified product offering.

The company's net income attributable to ordinary shareholders surged to $41.4 million, up 36.2% from the previous quarter and approximately 15 times the amount from the same period last year. This substantial growth in net income reflects the company's ability to manage costs effectively and leverage its market position [1].

UP Fintech added nearly 40,000 new customers with deposits in the quarter, bringing the year-to-date total to over 100,000 new customers. This customer acquisition rate underscores the company's confidence in achieving its annual target of 150,000 new customers for 2025. Total customer deposits reached $1.19 million, a 21.4% year-over-year increase, indicating strong asset inflows and customer growth [1].

The company also reported significant asset inflows, totaling $3 billion in the second quarter, primarily driven by retail investors. This robust asset inflow contributed to a 13.5% quarter-over-quarter increase and a 36.3% year-over-year increase in total account balance, reaching a new high of $52.1 billion [1].

UP Fintech continued to expand its product offerings, launching new features such as CPF account trading and SRS account trading in Singapore. These new offerings enable eligible clients to utilize a portion of their CPF Ordinary Account savings and retirement funds to invest in approved financial products, while enjoying tax benefits [1].

However, the company also faced challenges, including increased operating costs in categories such as execution and clearing expenses and employee compensation. Additionally, financing service fees declined, suggesting potential challenges in margin financing and securities lending, which are important revenue streams for the brokerage business [1].

Overall, UP Fintech's strong Q2 performance highlights its ability to capitalize on market opportunities and drive growth through user engagement and product innovation. The company's focus on customer acquisition and asset inflows positions it well to meet its annual targets for 2025.

References
[1] https://www.quiverquant.com/news/UP+Fintech+Holding+Limited+Reports+Record+Q2+2025+Revenue+of+%24138.7+Million+and+Historic+Net+Income+Growth