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]

Core Insights - UP Fintech achieved record-high revenue and profit in Q3 2025, with total revenue of US$175.2 million, a 73.3% increase YoY and 26.3% QoQ [1] - Non-GAAP net income attributable to shareholders surged to US$57.0 million, up 28.2% QoQ and 2.8 times YoY [1] - Funded accounts increased by 31,500, totaling 1.22 million, representing an 18.5% YoY growth [1] Financial Performance - Total client assets reached US$61.0 billion, a 17.3% increase QoQ and 49.7% YoY [1] - Q3 trading volume rose to US$209.4 billion, up 28.5% YoY [1] - Commission revenue was US$72.9 million, up 76.9% YoY, while interest-related income rose to US$76 million, a 49.7% increase YoY [7] Client Acquisition and Market Expansion - The company met its full-year target of adding 150,000 newly funded clients [2] - Average net asset inflows per newly funded client in Singapore and Hong Kong were US$62,000 and US$30,000, respectively [2] - New account openings in Hong Kong increased by 60.3% QoQ, with total trading volume more than tripling YoY [4] Product and Service Enhancements - The company launched its first Japan market derivatives product, Nikkei futures, in Hong Kong [4] - In New Zealand, cryptocurrency trading was introduced, allowing users to trade major cryptocurrencies [6] - The TigerAI investment research assistant saw rapid adoption, with its user base growing nearly fivefold YoY [7] Investment Banking and Wealth Management - Investment banking revenue reached US$26.3 million, up 110% QoQ and 189.1% YoY, with significant participation in IPOs [11] - Wealth management assets under custody (AUC) soared 123.1% YoY, with "Tiger Vault" AUC in Hong Kong surging 339% YoY [9] - The number of wealth clients increased by 50.5%, reflecting strong growth in the high-net-worth segment [9]