#United States #New York #NASDAQ #UP Fintech #Tiger Brokers

UP Fintech Achieves Record Financial Milestone

UP Fintech Holding Limited (NASDAQ: TIGR) has released its unaudited financial results for the first quarter of 2025, marking a considerable turning point in its financial trajectory. With a total revenue of $122.6 million, UP Fintech experienced a robust 55.3% year-over-year (YoY) increase. This remarkable performance is further highlighted by a non-GAAP net income of $36 million, which signifies an 18.3% rise quarter-over-quarter (QoQ) and a staggering 145% increase YoY, establishing a record for the company.

The company also expanded its user base significantly, adding 77,000 new accounts in Q1, a 49.8% YoY growth that brought its global account total to 2.53 million accounts. Funded accounts surged by 60,900, lifting total funded clients to 1.15 million, up 23.5% YoY. Trading activity also witnessed a phenomenal boost, with trading volume soaring 154.6% YoY to an impressive $217.5 billion. Notably, net deposits remained high at $3.4 billion, contributing to client assets reaching an all-time high of $45.9 billion—a nearly 10% QoQ growth and a 39.5% YoY increase.

Wu Tianhua, the founder and CEO of UP Fintech, emphasized the company's financial and operational breakthroughs, pointing out the sustained growth in revenues and profits. In his words, "Tiger has gained recognition from more high-net-worth (HNW) clients across markets—total client assets in Greater China grew over 20% QoQ, with new funded clients in Hong Kong averaging over $30,000 in net asset inflows. Q1’s new funded clients represent 40% of our annual guidance, providing a solid user foundation for our full-year performance goals."

To enhance user trading experiences, UP Fintech has consistently sought to innovate and optimize product features. Recently, the company launched cryptocurrency deposit and withdrawal services in Hong Kong, allowing users to manage popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) effortlessly through its premier trading app. Furthermore, the company has strengthened its artificial intelligence capabilities by upgrading from TigerGPT to TigerAI, which now offers sophisticated functionality for watchlists, portfolio management, and options analysis.

In Singapore, UP Fintech maintained a strong growth trajectory, with trading volumes in Q1 showing an 81.5% YoY increase. Notably, US stock trading volumes increased by 71.3% YoY, while US options trading volumes experienced spectacular growth. The company also introduced the L.E.A.P. Program, aimed at nurturing Singapore's emerging financial talent, reaffirming its commitment to the growth of the industry.

UP Fintech's accolades at The Asset magazine's 2025 AAA Digital Awards included prestigious titles such as Digital Broker of the Year and Best Brokerage App in Singapore, underscoring its positioning in the competitive landscape.

In Hong Kong, the company attracted high-quality clients, with account openings increasing 27% QoQ. Notably, new clients averaged over $30,000 in asset inflows, and trading volumes for Hong Kong stocks rose significantly, showcasing a continued demand for derivatives. The recent launch of cryptocurrency services has proven popular, integrating seamlessly into the platform.

The momentum extended to the US market and Australia, where TradeUP recorded an impressive 131% QoQ increase in trading activity, with new funded clients also showing substantial growth. Additionally, UP Fintech received numerous awards for its services, further cementing its reputation.

The company's strategy integrates technology and traditional financial services, offering innovative solutions across multiple markets, thus attracting a diverse range of clients and enhancing user experience and engagement. With a keen eye focused on expanding its platform features, enhancing user experiences, and maintaining robust growth in various international markets, UP Fintech is well-positioned to seize opportunities moving forward. This growth reflects its dedication to redefining global investing using cutting-edge technology and user-centered service strategies.

As UP Fintech continues to innovate and expand its services, all eyes will be on its next milestones and how it plans to maintain this impressive growth trajectory throughout the year.