UP Fintech: Record Full-Year Revenue and Profit; Full-Year Profit Surges 165% YoY; Global Client Assets Reach US$60.8 Billion

Core Insights - UP Fintech reported record full-year revenue and profit, with full-year profit surging 165% year-over-year (YoY) and global client assets reaching US$60.8 billion [1][2][3] Financial Performance - In Q4 2025, UP Fintech achieved revenue of US$175.6 million, a 41.5% increase YoY, while full-year revenue reached US$612.1 million, marking a 56.3% increase [1] - Non-GAAP net income for Q4 was US$48.9 million, up 60.5% YoY, and full-year non-GAAP net income grew 164.7% YoY to US$186.5 million [1] Client Growth and Trading Activity - The company added 29,700 funded accounts in Q4, bringing the total to 1.25 million, a 14.8% increase YoY [2] - Total trading volume in Q4 increased 59.9% YoY to US$316.6 billion, with net asset inflow of US$3 billion [2] - Client assets grew 45.7% YoY, driven by strong market trading activity [2] International Expansion and Market Performance - UP Fintech's internationalization strategy showed solid progress, with significant growth in client assets across various regions, including over 50% YoY growth in Singapore and more than tripling in Hong Kong [3] - In Hong Kong, trading volume surged 840.9% YoY, with Q4 trading volume increasing 1305% YoY [5] Product Development and User Experience - The company enhanced its platform with new features, including a one-click order function for complex trading strategies and improved cash management options [9] - Tiger Vault, the cash management tool, saw a 94.3% YoY increase in assets under custody (AUC) [12] Investment Banking and Corporate Services - Investment banking revenue reached US$30.8 million in Q4, up 220.6% YoY, with 20 Hong Kong IPOs completed [14] - The ESOP segment added 39 new clients in Q4, with annual revenue increasing over 40% YoY [15]