UP Fintech Holding Limited (NASDAQ:TIGR), a prominent online brokerage catering to global investors, announced stronger-than-expected financial results for the first quarter of 2025 on Friday.
Following the earnings release, the company’s shares rose 4.27% in pre-market trading.
The firm posted adjusted earnings per ADS of $0.20, beating analyst forecasts. Quarterly revenue reached $122.6 million, marking a 55.3% increase year-over-year, although slightly below the previous quarter’s figures.
UP Fintech saw substantial customer growth, adding 60,900 new funded accounts during Q1, bringing its total funded customer base to 1,152,900—a 23.5% rise compared to the same period last year. Total account balances surged 39.5% year-over-year to $45.9 billion.
“Thanks to our strong brand presence and ongoing investments in research and development, both our GAAP and non-GAAP net income demonstrated remarkable growth,” said Wu Tianhua, Chairman and CEO of UP Fintech.
Net income attributable to shareholders soared 146.7% year-over-year, reaching $30.4 million, while non-GAAP net income increased 145% to $36 million.
The company reported significant asset inflows totaling $3.4 billion in Q1, predominantly driven by retail investors. UP Fintech also highlighted expansion in its Hong Kong market, where new funded clients averaged over $30,000 in net asset inflows.
Looking forward, UP Fintech indicated it has already achieved 40% of its 2025 goal for new funded accounts and continues to broaden its product suite, including new offerings in cryptocurrency and institutional trading.