UP Fintech Holding Limited (TIGR) Income Statement
TIGR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTIGR revenue and net income
Where TIGR's revenue goes
2025Each bar shows an amount and its share of revenue. TIGR kept 27.9% of revenue as net income.
TIGR profit margins
TIGR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +56.7% | +39.6% | +34.7% | +56.4% |
| Gross profit | +124.8% | +74.3% | +47.5% | +57.3% |
| Operating income | +102.8% | +140.1% | +55.4% | — |
| Net income | +182.3% | — | +60.6% | — |
| EPS (diluted) | +146.2% | +128.9% | +43.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TIGR quarterly EPS vs estimates
UP Fintech beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: December 3, 2026.
TIGR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $613.7M | $391.5M | $272.5M | $225.4M | $264.5M | $138.5M | $58.7M | $33.6M | $16.9M | $5.5M |
| Cost of revenue | $41.6M | $137.0M | $109.8M | $117.4M | $136.7M | $56.6M | $38.3M | $55.9M | $12.0M | $8.4M |
| Gross profit | $572.1M | $254.5M | $162.7M | $108.0M | $127.8M | $81.9M | $20.4M | −$22.4M | $5.0M | −$3.0M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $2 |
| Sales, general & admin | $132.1M | $106.7M | $73.5M | $78.6M | $110.2M | $46.0M | $22.9M | $21.9M | $12.8M | $9.8M |
| Total operating expenses | $289.6M | $115.3M | $82.9M | $87.6M | $110.2M | $50.7M | $26.4M | $24.5M | $14.0M | $10.6M |
| Operating income | $282.5M | $139.3M | $79.8M | $20.4M | $17.7M | $31.1M | −$6.1M | −$46.9M | −$9.0M | −$13.5M |
| Interest income | — | — | — | — | — | — | — | $194,040 | $318,626 | $91,492 |
| Interest expense | $73.5M | $60.8M | $47.0M | $18.7M | $18.4M | $10.1M | $4.1M | $194,040 | $0 | $91,492 |
| Income before taxes | $208.0M | $81.8M | $46.0M | $2.0M | $19.1M | $22.0M | −$9.3M | −$46.2M | −$9.1M | −$13.4M |
| Income taxes | $36.1M | $20.4M | $13.0M | $4.3M | $4.4M | $2.9M | −$3.4M | −$1.9M | −$1.2M | −$2.6M |
| Net income | $171.4M | $60.7M | $32.6M | −$2.2M | $14.7M | $16.1M | −$6.6M | −$43.2M | −$7.5M | −$10.8M |
| EBITDA | $284.4M | $145.2M | $95.8M | $23.4M | $19.0M | $33.1M | −$4.5M | −$45.7M | −$8.8M | −$13.3M |
| EPS (diluted) | $0.96 | $0.39 | $0.20 | $0.08 | $0.08 | $0.16 | −$0.09 | −$1.31 | −$0.14 | — |
| Gross margin | 93.2% | 65.0% | 59.7% | 47.9% | 48.3% | 59.1% | 34.7% | −66.6% | 29.3% | −54.2% |
| Operating margin | 46.0% | 35.6% | 29.3% | 9.1% | 6.7% | 22.5% | −10.4% | −139.7% | −53.2% | −247.2% |
| Net margin | 27.9% | 15.5% | 11.9% | −1.0% | 5.6% | 11.6% | −11.2% | −128.7% | −44.3% | −196.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $182.6M | $155.3M | $176.3M | $175.2M | $138.7M | $122.6M | $107.4M | $101.1M | $87.4M | $78.9M | $70.0M | $70.1M |
| Cost of revenue | $12.4M | $7.8M | $11.1M | $51.7M | $41.2M | $39.1M | $43.3M | $32.3M | $4.9M | $4.4M | $28.7M | $28.3M |
| Gross profit | $170.2M | $147.6M | $165.3M | $123.5M | $97.5M | $83.5M | $107.4M | $68.8M | $82.5M | $74.6M | $41.3M | $41.8M |
| Sales, general & admin | $44.4M | $34.6M | $44.3M | $35.0M | $27.0M | $25.8M | $15.9M | $24.9M | $35.5M | $18.6M | $21.6M | $18.2M |
| Total operating expenses | $91.7M | $81.7M | $92.2M | $37.7M | $29.7M | $27.9M | $55.2M | $27.0M | $37.6M | $46.4M | $52.5M | $20.4M |
| Operating income | $78.5M | $65.9M | $73.0M | $85.7M | $67.8M | $55.5M | $52.1M | $41.7M | $18.4M | $28.2M | $17.5M | $21.4M |
| Interest expense | $21.6M | $18.2M | $19.1M | $21.9M | $17.3M | $15.0M | $16.7M | $15.7M | $13.6M | $14.8M | $16.0M | $12.1M |
| Income before taxes | $54.7M | −$16.6M | $54.4M | $65.1M | $49.1M | $39.1M | $37.7M | $20.8M | $6.2M | $17.0M | −$189,554 | $16.0M |
| Income taxes | $15.1M | $10.2M | $8.8M | $11.1M | $7.5M | $8.5M | $9.5M | $2.9M | $3.5M | $4.5M | — | $2.6M |
| Net income | $39.5M | −$26.9M | $45.5M | $53.8M | $41.4M | $30.4M | $28.1M | $17.8M | $2.6M | $12.3M | −$1.8M | $13.2M |
| EBITDA | $79.0M | $4.3M | $76.3M | $89.8M | $69.1M | $56.3M | — | $38.7M | $20.5M | $30.3M | — | $30.3M |
| EPS (diluted) | $0.21 | −$0.15 | $0.24 | $0.29 | $0.23 | $0.20 | $0.17 | $0.12 | $0.02 | $0.08 | −$0.01 | $0.08 |
| Gross margin | 93.2% | 95.0% | 93.7% | 70.5% | 70.3% | 68.1% | 100.0% | 68.0% | 94.4% | 94.5% | 59.0% | 59.6% |
| Operating margin | 43.0% | 42.4% | 41.4% | 48.9% | 48.9% | 45.3% | 48.6% | 41.3% | 21.1% | 35.7% | 25.0% | 30.5% |
| Net margin | 21.6% | −17.3% | 25.8% | 30.7% | 29.9% | 24.8% | 26.1% | 17.6% | 3.0% | 15.6% | −2.6% | 18.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TIGR's financial statements (latest annual report filed April 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TIGR financial results
In fiscal year 2025 (ended December 31, 2025), UP Fintech reported revenue of $613.7 million, up 56.7% from the year before. It had net income of $171.4 million (up 182.3%), a net profit margin of 27.9%. Diluted earnings per share came to $0.96. Over five years revenue grew at an average rate of 34.7% a year.
See the TIGR stock overview for the latest quote and news, or the TIGR chart for price history and technical indicators.
TIGR income statement FAQ
What is UP Fintech's annual revenue?
UP Fintech reported total revenue of $613.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 56.7% from $391.5 million the previous year.
Is UP Fintech profitable?
Yes. UP Fintech reported net income of $171.4 million in fiscal 2025, a net profit margin of 27.9%; its operating margin was 46.0%.
What is UP Fintech's gross margin?
UP Fintech's gross margin was 93.2% in fiscal 2025: for every $100 of revenue, UP Fintech kept $93 after the direct cost of its products and services.
How fast is UP Fintech growing?
Revenue grew 34.7% a year on average over the last five fiscal years, from $138.5 million to $613.7 million.
What are UP Fintech's earnings per share?
UP Fintech earned $0.96 per diluted share in fiscal 2025, compared with $0.39 a year earlier.
When will UP Fintech report its next earnings?
UP Fintech is expected to report results for the quarter ending September 30, 2026 on December 3, 2026.
When does UP Fintech's fiscal year end?
UP Fintech's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 24, 2026.