UP Fintech Holding Limited (TIGR) Balance Sheet
TIGR balance sheet, 2025
December 31, 2025 · U.S. dollars$8.23B assets = $7.36B liabilities + $870.2M equity
Both columns are drawn to the same scale: what TIGR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TIGR financial health
Descriptive bands, not a rating. Fiscal 2025.
TIGR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $24.4M2016 | $8.23B2025 | +91.0%/yr | |
| Total liabilities | $3.2M2016 | $7.36B2025 | +136.5%/yr | |
| Shareholders’ equity | $20.7M2016 | $865.5M2025 | +51.4%/yr | |
| Cash & short-term investments | $14.8M2016 | $4.28B2025 | +87.8%/yr | |
| Total debt | $02016 | $173.2M2025 | — | |
| Net cash (debt) | $14.8M2016 | $4.11B2025 | +$4.1B | |
| Working capital | $11.6M2016 | $8.00B2025 | +$8.0B | |
| Book value per share | $0.192016 | $4.622025 | +42.4%/yr | |
| Debt / equity | 0.002016 | 0.202025 | +0.20 | |
| Shares outstanding | 107.7M2016 | 187.2M2025 | +6.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TIGR assets
TIGR liabilities and equity
TIGR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TIGR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.28B | $470.2M | $751.7M | $441.1M | $276.0M | $98.9M | $139.9M | $70.8M | $16.5M | $14.8M |
| Cash & equivalents | $4.19B | $393.6M | $322.6M | $277.7M | $269.1M | $79.7M | $59.4M | $34.4M | $16.5M | $14.8M |
| Short-term investments | $87.6M | $76.6M | $429.1M | $163.5M | $6.9M | $19.3M | $80.5M | $36.4M | $0 | $88 |
| Receivables | $3.84B | $3.38B | $1.31B | $1.61B | $1.55B | $1.18B | $309.2M | $20.8M | $7.0M | $3.5M |
| Inventory | $0 | $0 | −$3.37B | $1.68B | $1.43B | $867.9M | $317.9M | $11.1M | $4.6M | $0 |
| Other current assets | $0 | $2.47B | $5.00B | $8.4M | $11.1M | $4.2M | $2.8M | $193,356 | $139,687 | $0 |
| Total current assets | $8.12B | $6.33B | $3.69B | $3.74B | $3.27B | $2.15B | $769.7M | $102.9M | $28.1M | $14.8M |
| Property, plant & equipment (net) | $26.0M | $26.2M | $14.3M | $20.3M | $11.8M | $8.9M | $7.2M | $1.3M | $839,261 | $576,793 |
| Goodwill & intangible assets | $5.0M | $13.7M | $13.7M | $12.7M | $11.4M | $10.5M | $10.5M | $995,646 | $242,300 | $240,688 |
| Long-term investments | $20.4M | $19.2M | $11.8M | $7.9M | $9.8M | $6.5M | $6.0M | $2.4M | $2.2M | $35,000 |
| Other non-current assets | $57.1M | $4.2M | $16.3M | $17.9M | $17.2M | $14.2M | $15.6M | $7.6M | $4.6M | $8.8M |
| Total assets | $8.23B | $6.39B | $3.75B | $3.80B | $3.32B | $2.19B | $809.1M | $115.2M | $36.0M | $24.4M |
| Liabilities | ||||||||||
| Accounts payable | $7.00B | $5.49B | $3.03B | $3.14B | $2.51B | $1.70B | $513.8M | $6.6M | $1.2M | $88 |
| Short-term debt | $118.0M | $14.1M | $11.0M | $5.5M | $2.6M | $3.5M | $2.4M | $0 | $0 | $0 |
| Deferred revenue | — | $5.0M | $4.2M | $3.7M | $3.0M | $1.3M | $992,211 | $375,481 | — | — |
| Total current liabilities | $118.0M | $5.56B | $3.09B | $3.18B | $2.72B | $1.95B | $587.6M | $17.0M | $8.1M | $3.2M |
| Long-term debt | $51.0M | $159.5M | $156.9M | $154.3M | $148.8M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $11.0M | $10.1M | $8.9M | $13.9M | $5.7M | $7.2M | $5.8M | — | — | — |
| Other long-term liabilities | $7.19B | $5.50B | $14.9M | $15.5M | $6.0M | $5.3M | $9.5M | $124.1M | $43.3M | $0 |
| Total liabilities | $7.36B | $5.73B | $3.25B | $3.35B | $2.87B | $1.96B | $597.1M | $141.1M | $51.3M | $3.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $26,778 | $26,403 | $23,504 | $23,189 | $22,820 | $21,320 | $21,148 | $5,542 | $206,734 | $357,338 |
| Retained earnings (deficit) | $208.4M | $37.8M | −$19.6M | −$50.4M | −$45.8M | −$59.6M | −$73.7M | −$66.4M | −$23.2M | −$15.7M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | $25.0M | $506,153 | $5.3M | $3.9M | $10.2M | $5.6M | −$142,413 | −$544,988 | $206,734 | $29.1M |
| Minority interest | $4.7M | $6.9M | $6.4M | −$142,644 | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $865.5M | $655.2M | $489.0M | $447.1M | $446.6M | $235.7M | $211.9M | −$24.4M | −$14.8M | $20.7M |
| Key figures | ||||||||||
| Total debt | $173.2M | $179.5M | $172.6M | $168.2M | $154.5M | $7.2M | $5.8M | $8.6M | $2.0M | $0 |
| Net cash (debt) | $4.11B | $290.7M | $579.0M | $272.9M | $121.5M | $91.7M | $134.0M | $62.3M | $14.4M | $14.8M |
| Working capital | $8.00B | $766.2M | $604.4M | $558.0M | $551.3M | $200.9M | $182.2M | $85.9M | $20.1M | $11.6M |
| Tangible book value | $860.5M | $641.6M | $475.2M | $434.4M | $435.2M | $225.2M | $201.4M | −$25.4M | −$15.1M | $20.5M |
| Book value per share | $4.62 | $3.88 | $3.02 | $2.92 | $2.87 | $1.64 | $1.50 | −$0.18 | −$0.14 | $0.19 |
| Shares outstanding | 187.2M | 168.9M | 161.8M | 153.0M | 155.7M | 144.1M | 141.0M | 133.0M | 107.7M | 107.7M |
| Current ratio | 68.82 | 1.14 | 1.20 | 1.18 | 1.20 | 1.10 | 1.31 | 6.06 | 3.50 | 4.65 |
| Quick ratio | 68.82 | 0.69 | 0.67 | 0.65 | 0.67 | 0.66 | 0.76 | 5.39 | 2.91 | 5.75 |
| Debt / equity | 0.20 | 0.27 | 0.35 | 0.38 | 0.35 | 0.03 | 0.03 | — | — | 0.00 |
| Equity / assets | 10.5% | 10.3% | 13.1% | 11.8% | 13.4% | 10.8% | 26.2% | −21.2% | −41.2% | 85.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.83B | $4.29B | $4.28B | $687.0M | $805.1M | $582.5M | $393.6M | $527.0M | $569.1M | $622.2M | $2.37B | $692.4M |
| Cash & equivalents | $4.70B | $4.20B | $4.19B | $578.7M | $511.9M | $403.9M | $393.6M | $430.0M | $392.5M | $358.9M | $1.94B | $270.3M |
| Short-term investments | $127.7M | $85.5M | $87.6M | $108.3M | $293.2M | $178.6M | $76.6M | $97.0M | $176.6M | $263.3M | $429.1M | $422.1M |
| Receivables | $4.81B | $3.82B | $3.84B | $3.97B | $4.08B | $3.79B | $3.36B | $3.25B | $2.45B | $1.74B | $1.30B | $1.33B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.39B |
| Other current assets | $0 | $48.0M | $0 | $4.56B | $3.61B | $2.87B | $0 | $2.53B | $1.72B | $1.57B | $0 | $13.8M |
| Total current assets | $9.64B | $8.15B | $8.12B | $9.22B | $8.49B | $7.24B | $393.6M | $6.31B | $4.74B | $3.94B | $322.6M | $3.43B |
| Property, plant & equipment (net) | $22.0M | $14.4M | $26.0M | $26.9M | $29.5M | $28.5M | $26.2M | $28.4M | $29.5M | $30.1M | $25.5M | $26.0M |
| Goodwill & intangible assets | $5.0M | $5.0M | $5.0M | $2.5M | $2.5M | $13.7M | $13.7M | $2.5M | $2.5M | $13.7M | $13.7M | $2.5M |
| Long-term investments | $20.7M | $20.5M | $20.4M | $24.3M | $23.6M | $22.6M | $19.2M | $17.5M | $7.3M | $7.5M | $11.8M | $8.0M |
| Other non-current assets | $60.3M | $34.7M | $57.1M | $22.8M | $19.7M | $7.4M | $5.94B | $20.0M | $16.8M | $7.6M | $3.37B | $16.9M |
| Total assets | $9.75B | $8.23B | $8.23B | $9.30B | $8.57B | $7.32B | $6.39B | $6.37B | $4.79B | $4.00B | $3.75B | $3.48B |
| Liabilities | ||||||||||||
| Accounts payable | $8.56B | $5.10B | $7.00B | $8.13B | $7.50B | $6.31B | $5.49B | $5.58B | $4.05B | $3.25B | $48.4M | $2.79B |
| Short-term debt | $6.5M | $118.0M | $118.0M | $167.6M | $167.0M | $4.8M | — | $4.3M | $4.4M | $5.1M | $4.1M | $4.2M |
| Deferred revenue | — | −$121,690 | — | — | — | $5.0M | — | $69.8M | $69.8M | $819,809 | $819,809 | $1.8M |
| Total current liabilities | $6.5M | $7.30B | $118.0M | $8.48B | $7.80B | $6.44B | $67.3M | $5.66B | $4.12B | $3.33B | $52.5M | $2.83B |
| Long-term debt | $53.1M | $52.8M | $51.0M | $0 | $0 | $160.2M | $159.5M | $158.8M | $158.2M | $157.5M | $156.9M | $156.2M |
| Lease obligations | $8.2M | $9.2M | $11.0M | $12.0M | $13.7M | $11.8M | $10.1M | $11.6M | $12.6M | $13.5M | $8.9M | $9.0M |
| Other long-term liabilities | $8.80B | $4.1M | $7.19B | $7.7M | $10.0M | $9.2M | $5.50B | $9.5M | $10.5M | $11.1M | $3.04B | $7.5M |
| Total liabilities | $8.86B | $7.36B | $7.36B | $8.48B | $7.81B | $6.61B | $5.73B | $5.83B | $4.29B | $3.49B | $3.25B | $3.00B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $26,977 | $25,802 | $26,778 | $26,679 | $26,655 | $26,499 | $26,403 | $23,731 | $23,700 | $23,533 | $23,504 | $23,415 |
| Retained earnings (deficit) | $221.1M | $208.4M | $208.4M | $166.2M | $112.3M | $70.7M | $50.3M | $13.5M | −$4.4M | −$7.1M | −$19.6M | −$15.6M |
| Accumulated other comprehensive income | $26.7M | $9.5M | $25.0M | $15.2M | $16.4M | $4.3M | −$11.9M | $13.7M | −$2.4M | $482,546 | −$3.2M | −$3.9M |
| Minority interest | $5.1M | $4.9M | $4.7M | $5.6M | $5.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $887.2M | $865.5M | $865.5M | $809.9M | $754.0M | $697.4M | $655.2M | $537.5M | $501.2M | $498.9M | $489.0M | $481.1M |
| Key figures | ||||||||||||
| Total debt | $61.4M | $173.2M | $173.2M | $173.5M | $174.5M | $172.0M | $159.5M | $170.5M | $170.8M | $171.0M | $165.8M | $165.2M |
| Net cash (debt) | $4.77B | $4.11B | $4.11B | $513.5M | $630.6M | $410.5M | $234.1M | $356.5M | $398.4M | $451.1M | $2.20B | $527.1M |
| Working capital | $9.64B | $852.5M | $8.00B | $746.8M | $694.1M | $799.8M | $326.3M | $644.4M | $620.2M | $615.1M | $270.1M | $597.6M |
| Tangible book value | $882.2M | $860.5M | $860.5M | $807.4M | $751.5M | $683.7M | $641.6M | $535.0M | $498.7M | $485.2M | $475.2M | $478.6M |
| Book value per share | $4.85 | $4.86 | $4.61 | $4.31 | $4.07 | $4.13 | $3.66 | $3.27 | $3.16 | $3.05 | $3.14 | $2.96 |
| Shares outstanding | 183.1M | 178.0M | 187.9M | 188.0M | 185.4M | 168.9M | 179.2M | 164.5M | 158.6M | 163.5M | 155.7M | 162.6M |
| Current ratio | 1,482.61 | 1.12 | 68.82 | 1.09 | 1.09 | 1.12 | 5.85 | 1.11 | 1.15 | 1.18 | 6.14 | 1.21 |
| Quick ratio | 1,482.61 | 1.11 | 68.82 | 0.55 | 0.63 | 0.68 | 55.79 | 0.67 | 0.73 | 0.71 | 69.90 | 0.71 |
| Debt / equity | 0.07 | 0.20 | 0.20 | 0.21 | 0.23 | 0.25 | 0.24 | 0.32 | 0.34 | 0.34 | 0.34 | 0.34 |
| Equity / assets | 9.1% | 10.5% | 10.5% | 8.7% | 8.8% | 9.5% | 10.3% | 8.4% | 10.5% | 12.5% | 13.1% | 13.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 24, 2026); data from EODHD.
TIGR financial position
At the end of fiscal 2025 (December 31, 2025), UP Fintech had total assets of $8.2 billion (up 28.7% from a year earlier), total liabilities of $7.4 billion and shareholders' equity of $865.5 million. It held $4.3 billion in cash and short-term investments against $173.2 million of debt, a net cash position of $4.1 billion. Its current ratio was 68.82. In the latest quarter (ended June 30, 2026) total assets were $9.8 billion and equity $887.2 million.
Related: TIGR income statement, TIGR cash flow statement, TIGR key metrics. See the TIGR stock overview for the latest quote and news.
TIGR balance sheet FAQ
What are UP Fintech's total assets?
UP Fintech reported total assets of $8.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.4 billion a year earlier.
How much debt does UP Fintech have?
UP Fintech had $173.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.20.
How much cash does UP Fintech have?
UP Fintech held $4.3 billion in cash and short-term investments at the end of fiscal 2025; with $173.2 million of debt that is net cash of $4.1 billion.
What is UP Fintech's book value?
UP Fintech's shareholders' equity (book value) was $865.5 million at the end of fiscal 2025, or $4.62 per share.
What is UP Fintech's current ratio?
UP Fintech had current assets of $8.1 billion and current liabilities of $118.0 million, a current ratio of 68.82 (it can cover its short-term obligations).
How much goodwill does UP Fintech have?
UP Fintech carried $5.0 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.