Wednesday 11 November 2026
Export TIGR’s income statement to Excel — free account
UP Fintech Holding Limited
TIGRUP Fintech Holding Limited’s revenue for fiscal 2025 (year ended December 2025) was $612.1 million, up 56.3% from fiscal 2024.
- Revenue
- +31.4%
- EPS
- −4.35%
- Free cash flow
- +74,003.9%
- Total debt
- −67.0%
Quarter to June 2026, against a year earlier
3.92
0.03
−0.76%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 6 | 17 | 34 | 59 | 138 | 264 | 225 | 273 | 392 | 612 | 688 | +68.1% | 696 | 678 | 727 | +5.9% | |
| Gross margin, % | 0.00 | 99.78 | 99.23 | 95.71 | 90.87 | 88.22 | 93.07 | 96.67 | 96.26 | 96.64 | 96.86 | +96.6 pt | ||||||
| EBT | (13) | (9) | (46) | (9) | 22 | 19 | 2 | 46 | 82 | 207 | 157 | n/m | ||||||
| EBT margin, % | (233.98) | (53.76) | (137.56) | (15.86) | 15.91 | 7.20 | 0.90 | 16.88 | 20.88 | 33.89 | 22.86 | +267.9 pt | ||||||
| Net income | (11) | (8) | (44) | (6) | 19 | 15 | (2) | 33 | 61 | 171 | 171 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.19 | 0.57 | 0.99 | 0.50 | 0.98 | 1.80 | 1.47 | 1.76 | 2.44 | 3.46 | 3.85 | +37.8% | |||||
| Earnings | (0.36) | (0.27) | (1.35) | (0.06) | 0.11 | 0.10 | (0.01) | 0.21 | 0.38 | 0.97 | 0.63 | n/m | ||||||
| Cash flow | (0.39) | (0.29) | (0.63) | 2.08 | 3.79 | 2.81 | 1.69 | (0.04) | 5.16 | 7.45 | 0.00 | n/m | ||||||
| Capex | 0.00 | (0.02) | (0.05) | (0.01) | (0.01) | (0.03) | (0.03) | (0.02) | (0.01) | (0.03) | 0.00 | n/m | ||||||
| Free cash flow | (0.39) | (0.31) | (0.68) | 2.07 | 3.78 | 2.78 | 1.65 | (0.06) | 5.16 | 7.42 | 0.00 | n/m | ||||||
| Book value | 0.00 | (0.52) | (0.77) | 1.81 | 1.67 | 3.04 | 2.92 | 3.15 | 4.09 | 4.89 | 4.96 | n/m | ||||||
| Shares, m | 30 | 30 | 34 | 117 | 141 | 147 | 153 | 155 | 160 | 177 | 178 | +22.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 66.17 | 49.10 | 0.00 | 18.77 | 17.46 | 9.96 | 6.22 | 16.1 | |||||
| P/S | 44.03 | 44.03 | 44.03 | 7.07 | 8.09 | 2.73 | 2.17 | 2.35 | 2.64 | 2.76 | 1.02 | 16.0 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 1.96 | 4.76 | 1.62 | 1.10 | 1.31 | 1.58 | 1.95 | 0.79 | 1.4 | ||||||
| EV/Sales | 42.61 | 42.61 | 42.61 | 0.47 | 1.31 | (3.14) | (6.51) | (5.75) | (4.43) | (3.96) | — | 10.6 | ||||||
| EV/FCF | (62.58) | (62.58) | (62.58) | 0.13 | 0.24 | (0.72) | (1.02) | (2.67) | (1.82) | (1.07) | — | (19.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (12) | (9) | (21) | 243 | 535 | 413 | 258 | (7) | 828 | 1,317 | 2,279 | n/m | |||||
| Capex | 0 | (1) | (2) | (1) | (1) | (5) | (5) | (3) | (2) | (5) | (11) | +32.3% | ||||||
| Free cash flow | (12) | (9) | (23) | 242 | 534 | 408 | 253 | (9) | 826 | 1,311 | 2,267 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | 20 | 86 | 182 | 201 | 551 | 558 | 604 | 766 | 852 | 870 | +59.8% | |||||
| Net debt | — | (18) | (48) | (387) | (940) | (1,552) | (1,957) | (2,211) | (2,774) | (4,116) | (4,772) | +97.1% | ||||||
| Shareholders’ equity | — | (15) | (26) | 212 | 236 | 447 | 447 | 489 | 655 | 865 | 887 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.00 | (9.95) | (57.15) | (1.43) | 1.07 | 0.53 | (0.06) | 0.86 | 1.20 | 2.34 | 1.22 | +2.3 pt | |||||
| ROIC | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | 0.00 | 38.51 | 209.88 | (7.08) | 7.18 | 4.31 | (0.49) | 6.96 | 10.62 | 22.48 | 13.60 | +22.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 446 | 650 | 785 | 1,134 | 1,040 | 1,109 | 1,193 | 1,346 | — | +17.1% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.08 | 0.09 | 0.18 | 0.23 | 0.22 | 0.25 | 0.33 | 0.45 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
UP Fintech Holding Limited vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OPY Oppenheimer Holdings, Inc. | $983.6M | 11.1× | — (loss-making) | −10.00% (below 0%: shrinking) | −74.76% (below 0%: shrinking) | +106.70% (above 0%: growing) | 97.98% | 16.73% | Compare |
| TIGR UP Fintech Holding Limited | $684.7M | 6.2× | 8.5× | +31.39% (above 0%: growing) | −4.35% (below 0%: shrinking) | +74,003.85% (above 0%: growing) | 96.29% | 42.98% | |
| CD Chaince Digital Holdings Inc. | $599.5M | — (loss-making) | — | −40.84% (below 0%: shrinking) | n/m | +175.88% (above 0%: growing) | 48.06% | (325.71%) | Compare |
| BTGO BitGo Holdings, Inc. | $599.5M | — (loss-making) | — (loss-making) | +143.96% (above 0%: growing) | n/m | −401.80% (below 0%: shrinking) | 0.85% | (0.40%) | Compare |
| XRPN Evernorth Holdings Inc. | $598.5M | — | — | — | — | — | — | — | Compare |
| MTC MMTec, Inc. | $568.6M | — (loss-making) | 6.2× | +463.39% (above 0%: growing) | +53.54% (above 0%: growing) | +10.81% (above 0%: growing) | 0.00% | 0.00% | Compare |
| CSHR CoinShares PLC | $499.5M | 5.0× | — | — | +128.25% (above 0%: growing) | −51.03% (below 0%: shrinking) | — | 0.00% | Compare |
| HIVE HIVE Digital Technologies Ltd. | $496.5M | — (loss-making) | — (loss-making) | +73.47% (above 0%: growing) | n/m | −12.46% (below 0%: shrinking) | 31.90% | (58.65%) | Compare |
| FWDI Forward Industries, Inc. | $421.9M | — (loss-making) | — (loss-making) | +332.09% (above 0%: growing) | n/m | −4,212.31% (below 0%: shrinking) | 62.19% | (651.82%) | Compare |
| Median of peers | $583.5M | — | — | +108.72% | +53.54% | −12.46% | 39.98% | (0.40%) |