UP Fintech Holding Limited · Q3 2025 earnings

Briefing

Tiger Brokers Q3 revenue jumps 73% to $175M as net income nearly triples to $53.8M

UP Fintech Holding (Tiger Brokers) reported Q3 2025 total revenues of US$175.2 million, up 73.3% year over year and 26.3% quarter over quarter, with commission income, interest income, and other revenue all reaching record highs. Net income attributable to ordinary shareholders was US$53.8 million versus US$17.8 million a year ago, and non-GAAP net income was US$57.0 million. Total account balance rose 49.7% year over year to US$61.0 billion, customers with deposits increased 18.5% to 1.22 million, and the company added 31,500 new funded clients in the quarter. Cash and cash equivalents, term deposits, and long-term deposits totaled US$580.7 million at September 30, 2025.

• Q3 total revenues of $175.2M (+73.3% YoY); commissions $72.9M, interest income $73.2M, other revenues $26.3M.
• Net income attributable to ordinary shareholders was $53.8M with diluted EPS of $0.290; non-GAAP net income $57.0M ($0.307 per ADS).
• Total account balance reached a record $61.0B (+49.7% YoY); 31,500 new customers with deposits added in Q3.
• Margin financing and securities lending balance rose 27.5% YoY to $5.7B; nine-month net income was $125.7M.
• Company underwrote 5 U.S. IPOs as sole bookrunner and added 46 ESOP clients, bringing ESOP total to 709.

Headline financials

Revenue & EPS history

Management noted it has effectively achieved its 2025 annual target of 150,000 new customers with deposits after onboarding over 132,200 in the first three quarters.