UP Fintech Holding Ltd. ADR (TIGR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.24	$0.21	-12.5%	—	$182.3M	—
Q1 26	$0.23	-$0.15	-165.2%	—	$154.9M	—
Q4 25	$0.2	$0.24	+20.0%	—	$175.6M	—
Q3 25	$0.21	$0.29	+38.1%	—	$175.2M	—
Q2 25	$0.1	$0.23	+130.0%	—	$138.7M	—
Q4 24	$0.11	$0.17	+54.5%	—	$124.1M	—
Q3 24	$0.13	$0.12	-7.7%	—	$101.1M	—
Q2 24	$0.05	$0.02	-60.0%	—	$87.4M	—
Q1 24	$0.1	$0.08	-20.0%	—	$78.9M	—
Q4 23	$0.06	-$0.01	-116.7%	—	$70M	—
Q3 23	$0.04	$0.08	+100.0%	—	$70.1M	—
Q2 23	$0.04	$0.08	+100.0%	—	$66.1M	—
Q1 23	$0.03	$0.05	+66.7%	—	$66.3M	—
Q3 22	—	$0.04	—	—	$55.4M	—
Q2 22	—	$0.02	—	—	$53.5M	—
Q1 22	—	-$0.01	—	—	$52.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.93	—	—	$612.1M	—
FY24	—	$0.38	—	—	$391.5M	—
FY23	—	$0.21	—	—	$272.5M	—
FY22	—	-$0.01	—	—	$225.4M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.5M	$16.9M	$33.6M	$58.7M	$138.5M	$264.5M	$225.4M	$272.5M	$391.5M	$612.1M
YoY change	—	+209.5%	+98%	+74.8%	+136.1%	+91%	-14.8%	+20.9%	+43.7%	+56.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.5M	16.9M	33.6M	58.7M	138.5M	264.5M	225.4M	272.5M	391.5M	612.1M
Cost of revenue	8.4M	12M	55.9M	38.3M	56.6M	118.3M	117.4M	109.8M	137M	187.7M
Gross profit	-3M	5M	-22.4M	20.4M	81.9M	146.2M	108M	162.7M	254.5M	424.4M
Gross margin	-54.2%	29.3%	-66.6%	34.7%	59.1%	55.3%	47.9%	59.7%	65%	69.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	9.8M	12.8M	21.9M	22.9M	46M	104.1M	78.6M	73.5M	106.7M	132.1M
Operating expenses	9.8M	12.8M	21.9M	22.9M	46M	99.9M	78.6M	73.5M	106.7M	132.1M
Operating income	-13.5M	-9M	-46.9M	-6.1M	31.1M	36M	20.4M	79.8M	139.3M	281.7M
Operating margin	-247.2%	-53.2%	-139.7%	-10.4%	22.5%	13.6%	9.05%	29.3%	35.6%	46%
Non-operating income, net	73.8K	-96K	725.4K	869K	996.6K	1.5M	298.1K	13.1M	3.3M	-939K
Pretax income	-13.4M	-9.1M	-46.2M	-9.3M	22M	19.1M	2M	46M	81.8M	207.4M
Income tax	-2.6M	-1.2M	-1.9M	-3.4M	2.9M	4.4M	4.3M	13M	20.4M	36M
Net income	-10.8M	-7.9M	-44.3M	-5.9M	19.2M	14.7M	-2.3M	33M	61.4M	171.5M
Net margin	-197.4%	-46.8%	-132%	-10.1%	13.8%	5.55%	-1%	12.1%	15.7%	28%
EBITDA	-12.9M	-7.9M	-43.5M	-1.6M	36.9M	43.6M	29.7M	102.3M	151.1M	291.3M
EPS	-0.1	-0.07	-0.32	-0.06	0.12	0.1	-0.01	0.21	0.38	0.93
Diluted EPS	-0.1	-0.07	-0.32	-0.06	0.1	0.09	-0.01	0.21	0.36	0.93

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	70.1M	70M	78.9M	87.4M	101.1M	124.1M	122.6M	138.7M	175.2M	175.6M	154.9M	182.3M
Cost of revenue	28.3M	28.7M	30M	31.5M	32.3M	43.3M	39.1M	41.2M	51.7M	55.6M	51.9M	56.7M
Gross profit	41.8M	41.3M	48.9M	56M	68.8M	80.8M	83.5M	97.5M	123.5M	119.9M	103M	125.5M
Gross margin	59.6%	59%	62%	64%	68%	65.1%	68.1%	70.3%	70.5%	68.3%	66.5%	68.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	18.2M	21.6M	18.6M	35.5M	24.9M	27.7M	25.8M	27M	35M	44.3M	34.6M	44.4M
Operating expenses	18.2M	21.6M	18.6M	35.5M	24.9M	27.7M	25.8M	27M	35M	44.3M	34.6M	44.4M
Operating income	21.4M	17.5M	28.2M	18.4M	41.7M	51M	55.5M	67.8M	85.7M	72.7M	65.7M	78.3M
Operating margin	30.5%	25%	35.7%	21.1%	41.3%	41.1%	45.3%	48.9%	48.9%	41.4%	42.4%	43%
Non-operating income, net	6.7M	-1.7M	3.6M	1.4M	-5.2M	3.5M	-1.3M	-1.4M	1.3M	435.2K	-64.1M	-2.2M
Pretax income	16M	-189.6K	17M	6.2M	20.8M	37.7M	39.1M	49.1M	65.1M	54.1M	-16.5M	54.6M
Income tax	2.6M	1.5M	4.5M	3.5M	2.9M	9.5M	8.5M	7.5M	11.1M	8.8M	10.2M	15.1M
Net income	13.4M	-1.7M	12.5M	2.7M	17.9M	28.2M	30.6M	41.6M	54M	45.4M	-26.7M	39.5M
Net margin	19.1%	-2.41%	15.8%	3.14%	17.7%	22.7%	24.9%	30%	30.8%	25.8%	-17.3%	21.7%
EBITDA	30.3M	18M	33.9M	21.9M	38.7M	56.6M	56.3M	69.1M	89.8M	76M	4.3M	78.9M
EPS	0.09	-0.01	0.07	—	0.12	0.17	0.18	0.24	0.3	0.24	-0.15	0.15
Diluted EPS	0.09	-0.01	0.07	—	0.1	0.17	0.17	0.23	0.28	0.24	-0.15	0.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	721.8M	521.8M	685.2M	1B	—	—
Enterprise value	—	—	—	—	—	600.4M	248.8M	99.3M	735M	—	—
Shares outstanding	107.7M	107.7M	133M	116.8M	141.2M	147M	153M	155M	160.3M	176.8M	176.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	49.1	—	20.8	16.9	—	—
P/S	—	—	—	—	—	2.73	2.32	2.51	2.64	—	—
P/B	—	—	—	—	—	1.62	1.17	1.4	1.56	—	—
EV/EBITDA	—	—	—	—	—	13.8	8.37	0.97	4.86	—	—
EV/Sales	—	—	—	—	—	2.27	1.1	0.36	1.88	—	—
Earnings yield	—	—	—	—	—	2.04%	—	4.82%	5.92%	—	—
FCF yield	—	—	—	—	—	56.6%	48.5%	-1.36%	79.8%	—	—

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	-54.2%	29.3%	-66.6%	34.7%	59.1%	55.3%	47.9%	59.7%	65%	69.3%	69.3%
Operating margin	-247.2%	-53.2%	-139.7%	-10.4%	22.5%	13.6%	9.05%	29.3%	35.6%	46%	46%
Net margin	-197.4%	-46.8%	-132%	-10.1%	13.8%	5.55%	-1%	12.1%	15.7%	28%	28%
ROE	—	51.8%	171.2%	-2.81%	8.14%	3.29%	-0.5%	6.75%	9.27%	19.7%	19.7%
ROA	—	-22%	-38.4%	-0.74%	0.87%	0.44%	-0.06%	0.88%	0.96%	2.08%	2.08%
ROIC	—	28.4%	48.5%	-7.8%	18.8%	8.53%	0%	-59%	28.9%	141.4%	141.4%
Return on tangible assets	—	-22.3%	-39.1%	-0.75%	0.88%	0.45%	-0.06%	0.89%	0.96%	2.09%	2.09%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	3.5	6.06	1.31	1.1	1.2	1.18	1.2	1.14	1.12	1.12
Quick ratio	—	3.5	6.06	1.31	1.1	1.2	1.18	1.2	1.14	1.12	1.12
Debt / equity	—	—	0	0.03	0.03	0.35	0.38	0.34	0.26	0.2	0.2
Debt / assets	—	—	0	0.01	0	0.05	0.04	0.04	0.03	0.02	0.02
Net debt / EBITDA	—	—	1.63	82.2	-2.49	-2.79	-9.19	-5.72	-1.99	-2.42	-2.42
Interest coverage	—	—	—	-1.27	3.18	2.04	1.11	1.98	2.34	3.83	3.83
Effective tax rate	0%	0%	0%	0%	12.9%	22.9%	100%	28.2%	25%	17.3%	17.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.05	0.16	0.25	0.5	0.98	1.8	1.47	1.76	2.44	3.46	3.46
EPS (basic)	-0.1	-0.07	-0.32	-0.06	0.12	0.1	-0.01	0.21	0.38	0.93	0.93
EPS (diluted)	-0.1	-0.07	-0.32	-0.06	0.1	0.09	-0.01	0.21	0.36	0.93	0.93
Book value per share	—	-0.14	-0.19	1.81	1.67	3.04	2.92	3.15	4.13	4.92	4.92
FCF per share	-0.11	-0.08	-0.17	2.07	3.78	2.78	1.65	-0.06	5.16	7.42	7.42
Cash per share	—	0.15	0.53	1.2	0.7	1.88	2.88	4.85	2.93	4.97	4.97
Capex per share	0	0.01	0.01	0.01	0.01	0.03	0.03	0.02	0.01	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	8.04%	3.45%	5.02%	2.25%	0.71%	1.88%	2.17%	1.01%	0.4%	—	—
Capex / operating cash flow	-2.92%	-5.53%	-5.89%	-0.55%	-0.15%	-1.23%	-2.07%	3.09%	1.1%	—	—

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$70.1M	$70M	$78.9M	$87.4M	$101.1M	$124.1M	$122.6M	$138.7M	$175.2M	$175.6M	$154.9M	$182.3M
YoY change	+26.6%	+9.59%	+19%	+32.4%	+44.1%	+77.3%	+55.3%	+58.7%	+73.3%	+41.5%	+26.3%	+31.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	16.5M	70.8M	139.9M	98.9M	276M	441.1M	751.7M	470.2M	878.6M
Receivables	0	353.3K	106.1M	372.2M	664.7M	644.7M	753.4M	3.4B	3.8B
Inventory	—	—	—	—	—	—	—	—	—
Total current assets	28.1M	102.9M	769.7M	2.2B	3.3B	3.7B	3.7B	6.3B	8.2B
Property, plant & equipment	839.3K	1.3M	7.2M	8.9M	11.8M	20.3M	14.3M	15.1M	17.4M
Goodwill & intangibles	484.6K	2M	21M	21M	22.8M	25.4M	27.5M	27.3M	22.2M
Total assets	36M	115.2M	809.1M	2.2B	3.3B	3.8B	3.7B	6.4B	8.2B
Accounts payable	1.2M	6.6M	513.8M	1.7B	2.5B	3.1B	3B	5.5B	7B
Short-term debt	—	—	2.4M	3.5M	2.6M	5.5M	4.1M	4.2M	118M
Total current liabilities	8.1M	17M	587.6M	2B	2.7B	3.2B	3.1B	5.6B	7.3B
Long-term debt	—	0	3.4M	3.7M	151.9M	162.7M	161.7M	165.4M	55.2M
Total liabilities	51.3M	141.1M	597.1M	2B	2.9B	3.4B	3.3B	5.7B	7.4B
Shareholders' equity	-15.3M	-25.9M	211.9M	235.7M	446.6M	447M	488.7M	662.1M	870.2M
Total debt	—	0	5.8M	7.2M	154.5M	168.2M	165.8M	169.6M	173.2M
Net debt	—	-34.4M	-53.6M	-72.4M	-114.5M	-109.4M	-156.8M	-224M	-617.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	687M	878.6M	800.6M	670.2M
Receivables	—	—	—	—	—	—	—	—	4B	3.8B	4B	4.8B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	9.2B	8.2B	8.8B	9.7B
Property, plant & equipment	—	—	—	—	—	—	—	—	26.9M	17.4M	24.1M	22M
Goodwill & intangibles	—	—	—	—	—	—	—	—	5M	22.2M	5M	5M
Total assets	—	—	—	—	—	—	—	—	9.3B	8.2B	8.9B	9.7B
Accounts payable	—	—	—	—	—	—	—	—	8.1B	7B	7.7B	8.6B
Short-term debt	—	—	—	—	—	—	—	—	167.6M	118M	10.8M	6.5M
Total current liabilities	—	—	—	—	—	—	—	—	8.5B	7.3B	8B	8.8B
Long-term debt	—	—	—	—	—	—	—	—	5.8M	55.2M	55.4M	54.8M
Total liabilities	—	—	—	—	—	—	—	—	8.5B	7.4B	8B	8.9B
Shareholders' equity	—	—	—	—	—	—	—	—	815.5M	870.2M	847.7M	892.2M
Total debt	—	—	—	—	—	—	—	—	173.5M	173.2M	66.2M	61.4M
Net debt	—	—	—	—	—	—	—	—	-405.2M	-617.9M	-529.8M	-481.2M

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-10.8M	-7.9M	-44.3M	-5.9M	19.2M	14.7M	-2.3M	33M	61.4M	171.5M
Depreciation & amortization	195.8K	342.4K	473.7K	752.2K	928.4K	1.3M	2.7M	2.8M	2.6M	2.9M
Stock-based compensation	222K	349.7K	34.2M	4.1M	6.1M	13.4M	14.2M	10.1M	9.7M	15.6M
Change in working capital	-2M	-2.2M	-17.1M	-233.8M	-686.4M	-428.6M	-252M	37.6M	63.7M	-414.5M
Operating cash flow	-15.1M	-10.6M	-28.6M	-241.1M	-658.4M	-402.8M	-236.1M	89.3M	140.8M	1.3B
Capital expenditure	-440.3K	-585K	-1.7M	-1.3M	-978.1K	-5M	-4.9M	-2.8M	-1.6M	—
Investing cash flow	302.3K	-3.7M	-35.1M	-22M	43.6M	10.9M	-3.7M	-7.8M	-8.7M	-310.1K
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	0	0	-2.2M	0	0	—	—	-3M
Financing cash flow	18.1M	14.6M	79.5M	114.7M	-8.4M	330.3M	4.4M	1.7M	103.7M	-3M
Net change in cash	3.3M	344.1K	15.8M	-148.5M	-623.3M	-61.6M	-235.4M	83.2M	235.9M	1.3B
Free cash flow	-11.9M	-9.1M	-22.9M	242M	534.3M	408.2M	253.2M	-9.3M	826.4M	1.3B

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

UP Fintech Holding Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement