Core Insights - UP Fintech Holding Limited reported a total revenue of US$122.6 million for Q1 2025, marking a 55.3% year-over-year increase [1] - Non-GAAP net income attributable to shareholders reached US$36 million, reflecting an 18.3% quarter-over-quarter and 145% year-over-year increase, achieving a historical record [1] - The company added 77,000 new accounts in Q1, a 49.8% increase year-over-year, bringing total global accounts to 2.53 million [1] - Funded accounts increased by 60,900, resulting in a total of 1.15 million funded clients, a 23.5% year-over-year growth [1] - Trading volume surged 154.6% year-over-year to US$217.5 billion [1] - Net deposits reached US$3.4 billion, with client assets climbing to US$45.9 billion, representing nearly a 10% quarter-over-quarter and 39.5% year-over-year increase [1] Financial Performance - The company achieved a record high in non-GAAP net profit, up 145% year-over-year [2] - Commission income for Q1 was US$58.3 million, up 109.8% year-over-year, while interest-related income grew 20.8% year-over-year to US$56.4 million [9] - Wealth management assets under custody (AUC) surged 205% year-over-year in Q1, with the number of users rising 85% year-over-year [11] Client Growth and Engagement - New funded clients in Hong Kong averaged over US$30,000 in net asset inflows, contributing to a 40% achievement of the annual guidance in Q1 [2] - In Singapore, trading volume and orders surged 81.5% and 65.8% year-over-year, respectively [3] - In Australia, deposit amounts and funded clients rose by 71% and 37% year-over-year [6] Product and Service Innovations - The company launched cryptocurrency deposit and withdrawal services in Hong Kong, allowing seamless management of cryptocurrencies like Bitcoin and Ethereum [2][4] - TigerAI was upgraded to enhance options, portfolio, and watchlist analysis, providing smarter investment insights [9] - The platform introduced new features for options trading, including position analysis and take-profit/stop-loss support [9] IPO and Investment Banking Activities - The company underwrote four Hong Kong IPOs and participated in the distribution of the top three Hong Kong IPOs by fundraising volume in Q1 [15] - The IPO subscription business saw explosive growth, with subscribers up 11x year-over-year and subscription volume soaring 800x year-over-year [10] Awards and Recognition - Tiger Brokers received three accolades at The Asset magazine's 2025 "AAA Digital Awards," including "Digital Broker of the Year" and "Best Brokerage App" in Singapore [3]

UP Fintech Holding Limited (NASDAQ:TIGR) Q4 2024 Earnings Conference Call March 18, 2025 8:00 AM ET Company Participants Aaron Li - Head, IR Wu Tianhua - Chairman and CEO John Zeng - CFO Conference Call Participants Cindy Wang - China Renaissance Emma Xu - Bank of America Securities Hua Fan - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the UP Fintech Holding Limited Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-on ...