NASDAQ$TIGR
UP Fintech Holding Limited · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
UP Fintech reported its Q4 2024 earnings with record revenue growth and a strong turnaround in profitability.
In Q4 2024, UP Fintech achieved record total revenue of $124.1 million, marking a 77.3% increase year-over-year. The company reported a net income of $28.05 million, reversing a net loss from the same period last year. Non-GAAP net income reached $30.47 million, representing a remarkable year-over-year growth. The quarter was supported by increased trading volume, higher commissions, and strong interest income.
- Total revenue grew 77.3% YoY to $124.1 million.
- Net income reached $28.05 million, compared to a $1.84 million loss last year.
- Non-GAAP net income rose to $30.47 million, up 2772.5% YoY.
- Cash and cash equivalents stood at $393.58 million at quarter-end.
Headline financials
Revenue & EPS history
UP Fintech · Revenue · Quarterly
$124M
Revenue by segment
UP Fintech · $173M total across 3 segments · Q4 2025
- Interest income$71.3M—41.2%
- Commissions$70.8M—40.9%
- Other revenues$30.8M—17.8%
Forward guidance
UP Fintech plans to continue expanding its international footprint, investing in technological innovation, and growing both its retail and corporate client base in 2025.
Tailwinds
- Anticipated growth in global retail customer deposits.
- Continued strong trading volumes and commissions.
- Expansion in corporate business through more IPO underwriting.
- Launch of new AI-driven features like TigerAI.
- Increasing margin financing and securities lending balances.
Headwinds
- Potential volatility in global financial markets.
- Decreasing financing service fees impacting segment revenue.
- Higher marketing and branding expenses could pressure margins.
- Currency exchange rate fluctuations impacting financials.
- Rising competition from other brokerage platforms globally.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.1%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+1.8%
Avg return
30 days after
45%
13 / 29 earnings
Positive
+35.9%
Q4 2021
Best reaction
-25.9%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -1.2% | -5.1% | +3.5% | |
| Q3 2025 | +3.8% | +7.5% | +20.6% | |
| Q2 2025 | -9.7% | -2.5% | -20.7% | |
| Q1 2025 | -3.7% | -0.2% | +11.7% | |
| Q4 2024 | +21.6% | +11.2% | -16.8% | |
| Q3 2024 | -13.4% | -13.2% | +6.5% | |
| Q2 2024 | -6.2% | -7.2% | +17.7% | |
| Q1 2024 | +10.9% | +17.3% | +13.3% | |
| Q4 2023 | -14.8% | -21.7% | -29.5% | |
| Q3 2023 | -7.6% | -7.8% | -15.2% | |
| Q2 2023 | +27.7% | +44.3% | +41.8% | |
| Q1 2023 | +17.0% | +20.1% | +11.6% | |
| Q4 2022 | +8.7% | +10.7% | -2.7% | |
| Q3 2022 | -0.7% | +3.1% | +9.1% | |
| Q2 2022 | +1.7% | +6.7% | -7.3% | |
| Q1 2022 | -25.9% | -18.8% | -8.8% | |
| Q4 2021 | +35.9% | +53.9% | +14.6% | |
| Q3 2021 | -9.7% | -8.2% | -18.6% | |
| Q2 2021 | +3.1% | +1.7% | -20.0% | |
| Q1 2021 | +29.6% | +33.0% | +56.7% | |
| Q4 2020 | -13.0% | +8.3% | +27.4% | |
| Q3 2020 | -10.2% | -14.5% | -2.3% | |
| Q2 2020 | -13.7% | -15.7% | -30.6% | |
| Q1 2020 | -9.0% | -6.6% | +15.8% | |
| Q4 2018 | +1.2% | -7.1% | +15.4% | |
| Q4 2019 | +6.8% | +0.8% | +8.7% | |
| Q3 2019 | +1.9% | -2.7% | -3.0% | |
| Q2 2019 | -10.0% | -12.7% | -6.6% | |
| Q1 2019 | -19.3% | -17.5% | -41.1% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q2 2016 | — | — | — |
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