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UP Fintech Sets New Records in Revenue and Client Assets for Q3 2025

In a remarkable display of growth and stability, UP Fintech Holding Limited, listed on NASDAQ as TIGR, has unveiled its strong financial performance for the third quarter of 2025. The company's unaudited results, shared on December 4, showcase an impressive total revenue of $175.2 million, marking a significant 73.3% year-over-year (YoY) increase and a 26.3% rise quarter-over-quarter (QoQ). This achievement marks a new high for the company, solidifying its position as a leader in the financial technology sector.

The non-GAAP net income attributable to UP Fintech shareholders surged to $57 million, up 28.2% QoQ and 2.8 times compared to the same period last year. This surge in revenue and profit can be attributed to an increased client base and heightened market activity, with funded accounts rising by 31,500, bringing the total to 1.22 million clients—a 18.5% YoY growth.

Market dynamics have been favorable, with trading volume climbing to $209.4 billion, representing a 28.5% YoY increase. Total client assets reached $61.0 billion, a 17.3% sequential growth and a remarkable 49.7% YoY increase. These figures are bolstered by record average net asset inflows of over $32,000 for each newly funded client within the quarter.

Strategic Growth and Market Leadership

UP Fintech's founder and CEO, Wu Tianhua, emphasized the company’s aggressive expansion strategies and robust performance metrics. “In Q3, market conditions continued to improve, enabling UP Fintech to achieve record-high revenue, profit, and client assets. We have already met our yearly goal of onboarding 150,000 newly funded clients,” he remarked. The company has also refined its client acquisition tactics and diversified its product offerings, enhancing trust among high-quality clients.

The average net asset inflow per newly funded client in Singapore and Hong Kong was reported at $62,000 and $30,000, respectively, showcasing substantial market penetration in these key regions. With client assets growing approximately 20% and 60% QoQ in Singapore and Hong Kong, UP Fintech is continuing its upward trajectory.

Innovations in Client Offerings

UP Fintech has been at the forefront of innovation in digital brokerage services. The company has integrated unique features, such as linking the CPF Investment Account (CPFIA) with its Cash Boost Account in Singapore—a first for digital brokers in the region. Additionally, to alleviate costs for clients, UP Fintech has waived quarterly custody fees for accounts without trading activity, further enhancing its value proposition.

The introduction of new derivatives products, such as the Nikkei futures in Hong Kong, has broadened its services, attracting a diverse clientele. Furthermore, its virtual asset trading capabilities launched in New Zealand now allow local users to trade major cryptocurrencies, such as Bitcoin and Ethereum, directly through the app.

Robust Growth Across Markets

Notably, UP Fintech has demonstrated impressive growth metrics in various markets. In Singapore’s digital brokerage sector, the company continued its leadership position with sustained growth in account openings for seven consecutive quarters. Trading orders rose by 54% YoY, with substantial increases in US stock and options volumes by 71% and 106% YoY, respectively.

In Hong Kong, new account openings soared by 60.3% QoQ, with total trading volume more than tripling YoY—a testament to the effectiveness of their client acquisition strategies. Additionally, solid growth was recorded in Australia and New Zealand, where both markets saw over 100% YoY increase in trading volumes.

Empowering Investors with Advanced Tools

To bolster user decision-making, UP Fintech has made significant advancements in its trading platforms. The recently enhanced Tiger Trade app now boasts improved crypto features and advanced market insights, facilitating better trading decisions. The company's AI-based investment research tool, TigerAI, has gained rapid popularity, with its user base expanding nearly fivefold YoY.

With its range of innovative products and services, UP Fintech maintains impressive commission revenue growth and overall market trust. In Q3, commission revenue reached $72.9 million, up 76.9% YoY, and interest-related income expanded to $76 million, demonstrating the efficiency and appeal of UP Fintech's investment platform.

Conclusion

As UP Fintech enters the final phase of 2025, its robust financial results and strategic market expansions position it favorably for the future. The company aims to continue enhancing its offerings and solidifying its presence in key markets while facilitating accessible and inclusive global investing for its growing user base. With its innovative solutions and commitment to client satisfaction, UP Fintech is poised for continued success in the financial technology landscape.