UP Fintech Q4 Earnings Call Highlights

CFO John Zeng noted quarterly revenue was up 42% year over year and rose 0.2% sequentially. He also said both quarterly and full-year revenue were all-time highs for the company. Zeng reported a fourth-quarter cash equity take rate of 6.4 basis points, down from 7.1 basis points in the third quarter, which he attributed to normalization following less meme-stock trading activity in the fourth quarter. Within commission revenue, he said about 65% came from cash equities, 25% from options, and the remainder f ...