UP Fintech Q2 revenue up 58.7% YoY to $138.7mln, non-GAAP net income up 8x.

• UP Fintech reports Q2 revenue of $138.7mln, up 58.7% YoY • Non-GAAP net income reaches $44.5mln, up 23.5% QoQ and nearly 8 times YoY • New accounts added: 52,700 • Total accounts: 2.58mln • Funded clients: 1.19mln, up 21.4% YoY • Trading volume: $284bln, up 168.3% YoY • Client assets: $52.1bln, up 13.5% QoQ and 36.3% YoY • Net asset inflows: $3bln • Digital data key driver of growth

UP Fintech Holding Limited (NASDAQ: TIGR) has announced its unaudited financial results for the second quarter ended June 30, 2025. The company reported a total revenue of US$138.7 million, marking a 58.7% increase year-over-year (YoY) compared to the FactSet estimate of US$118.1 million [1]. Non-GAAP net income attributable to UP Fintech shareholders surged to US$44.5 million, up 23.5% quarter-over-quarter (QoQ) and nearly eightfold YoY, reaching a record level [2].

The company added 52,700 new accounts during the quarter, bringing the total number of global accounts to 2.58 million. Funded clients increased by 39,800, pushing the total number of funded clients up 21.4% YoY to 1.19 million. Business activity remained strong, with Q2 trading volume soaring 168.3% YoY to US$284 billion. Net asset inflows were US$3 billion, propelling total client assets to a record US$52.1 billion, up 13.5% QoQ and 36.3% YoY.

UP Fintech's founder and CEO, Wu Tianhua, stated, "In Q2, we delivered strong growth in both revenue and profit. Non-GAAP net profit surged eightfold YoY, hitting a record high. Remarkably, in just the first half of 2025, our operating profit, net income, and non-GAAP net income have already surpassed full-year 2024 levels, underscoring our solid profitability and operating leverage. At the same time, Tiger continues to gain trust from quality clients—average net asset inflows from new clients in Q2 exceeded US$20,000, a record high" [2].

The company's digital data-driven strategies have been key drivers of growth. TigerAI, the industry's first AI-powered research assistant, saw its user base more than triple YoY in Q2, with total conversations rising over fourfold. Its capabilities were further upgraded with new functions including AI portfolio analysis and AI watchlist analysis, offering personalized insights based on users' holdings [2].

In Singapore, the company continues to lead the local tech brokerage market, with core business metrics climbing steadily. In Q2, total trading volume rose 113% YoY and 80% QoQ. Trading orders and commissions both reached record highs, up 62.2% and 69.4% YoY, respectively [2].

In Hong Kong, momentum remained strong. Total trading volume in Q2 surged nearly 8x YoY and 122% QoQ, while total trading orders rose 218% YoY and 20% QoQ, underscoring continued trading vitality [2].

In the US, TradeUP delivered solid growth in the second quarter. Average client assets (AUC) rose 33.2% QoQ, reflecting stronger user engagement and asset retention. Options trading surged 163.4% QoQ, underscoring the platform's growing appeal in derivatives [2].

Overall, combined stock and options trading volume increased 15% QoQ, signaling steady momentum and laying a solid foundation for future revenue growth [2].

UP Fintech's digital transformation and focus on leveraging data and technology continue to drive its growth and profitability. The company's strong performance in Q2 highlights its ability to adapt and innovate in a rapidly changing financial landscape.

References:
[1] https://www.marketscreener.com/news/earnings-flash-tigr-up-fintech-holding-limited-reports-q2-revenue-138-7m-vs-factset-est-of-118-ce7c50dedb8cff24
[2] https://www.prnewswire.com/news-releases/up-fintech-profit-surges-nearly-8x-yoy-client-assets-reach-record-high-of-us52-1-billion-302539795.html