Saturday 17 October 2026 Export TIGR’s income statement to Excel — free account

UP Fintech Holding Limited

UP Fintech Holding Limited’s revenue for fiscal 2025 (year ended December 2025) was $612.1 million, up 56.3% from fiscal 2024. In the quarter to June 2026, revenue grew 31.4%, EPS fell 4.35%, free cash flow grew 74,003.9% and total debt fell 67.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

4.05 0.26 −6.03%

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Market cap: $747.1M
P/E: 6.4×
Fwd P/E: 10.7×
Dividend yield: —
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 3.12%

Capital & Financial Ratios $m

Market Cap 747.10

Revenue 687.88

Net Income 171.48

Free Cash Flow 2,267.45

Net Debt (4,772.12)

Current Ratio 1.10

Debt/Equity 0.06

P/E ratio 6.43

Fwd P/E 10.70

P/S ratio 1.05

P/B ratio 0.82

Past 5Y EPS Growth 53.26%

This Y EPS Growth (50.89%)

Next Y EPS Growth 55.85%

Next Y revenue growth 13.78%

Next 5Y EPS Growth (7.75%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 0.21%

10-year low 10-year high

P/S against its own 10 years 0.05%

10-year low 10-year high

P/B against its own 10 years 0.16%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2016	0.35	0.13 0.13 0.09

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,368	2,934	4,278	4,825
Receivables	1,303	3,359	3,818	4,789
Inventory	1	1	2	2
Other	18	18	34	29
	3,690	6,328	8,152	9,671

	2023	2024	2025	Q'26
Payables	3,038	5,490	7,070	8,609
ST’ Debt	—	—	111	—
Other	—	—	—	—
	3,086	5,562	7,299	8,801

Compound Annual Growth %

	10y	5y	3y
Sales	—	34.61%	39.52%
Cash Flow	—	19.72%	72.16%
Earnings	—	60.46%	0.00%
Book Value	—	29.71%	24.63%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	155	182	—	—	—
’25	123	139	175	176	612
’24	79	87	101	124	392
’23	66	66	70	70	273
’22	53	53	55	64	225
’21	81	60	61	62	264
’20	23	30	38	47	138

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	1,317	1,317
’24	—	155	—	828	828
’23	—	—	—	—	(7)
’22	—	—	—	—	258
’21	—	—	—	—	413
’20	—	—	—	—	535

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	1,311	1,311
’24	—	154	—	826	826
’23	—	(2)	—	(3)	(9)
’22	—	—	—	(5)	253
’21	—	—	—	(5)	408
’20	—	—	—	(1)	534

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.15)	0.21	—	—	—
’25	0.16	0.22	0.29	0.24	0.93
’24	0.08	0.02	0.11	0.16	0.36
’23	0.05	0.08	0.08	(0.01)	0.21
’22	(0.04)	(0.01)	0.02	0.01	(0.01)
’21	0.14	(0.15)	0.13	(0.04)	0.09
’20	0.02	0.01	0.03	0.06	0.11

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	3.25	2.03	4.16	2.68	2.31	3.10	5.64	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	23.89	8.45	38.50	7.07	5.80	14.48	13.55
People
People	Employees	—	—	446	650	785	1,134	1,040	1,109	1,193	1,346
	Revenue/emp, $m	0.00	0.00	0.08	0.09	0.18	0.23	0.22	0.25	0.33	0.45
Income, $m
Income, $m	Revenue	6	17	34	59	138	264	225	273	392	612
	Gross margin, %	0.00	99.78	99.23	95.71	90.87	88.22	93.07	96.67	96.26	96.64
	EBT	(13)	(9)	(46)	(9)	22	19	2	46	82	207
	EBT margin, %	(233.98)	(53.76)	(137.56)	(15.86)	15.91	7.20	0.90	16.88	20.88	33.89
	Net income	(11)	(8)	(44)	(6)	19	15	(2)	33	61	171
	Depreciation	—	0	0	1	1	1	3	3	3	3
Per share, $
Per share, $	Revenue	0.04	0.57	0.99	0.50	0.98	1.80	1.47	1.76	2.44	3.46
	Earnings	(0.01)	(0.27)	(1.35)	(0.06)	0.11	0.10	(0.01)	0.21	0.38	0.97
	Cash flow	(0.09)	(0.29)	(0.63)	2.08	3.79	2.81	1.69	(0.04)	5.16	7.45
	Capex	0.00	(0.02)	(0.05)	(0.01)	(0.01)	(0.03)	(0.03)	(0.02)	(0.01)	(0.03)
	Free cash flow	(0.09)	(0.31)	(0.68)	2.07	3.78	2.78	1.65	(0.06)	5.16	7.42
	Book value	0.00	(0.52)	(0.77)	1.81	1.67	3.04	2.92	3.15	4.09	4.89
	Shares, m	135	30	34	117	141	147	153	155	160	177
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	66.17	49.10	0.00	18.77	17.46	9.96
	P/S	44.03	44.03	44.03	7.07	8.09	2.73	2.17	2.35	2.64	2.76
	P/B	0.00	0.00	0.00	1.96	4.76	1.62	1.10	1.31	1.58	1.95
	EV/Sales	42.61	42.61	42.61	0.47	1.31	(3.14)	(6.51)	(5.75)	(4.43)	(3.96)
	EV/FCF	(62.58)	(62.58)	(62.58)	0.13	0.24	(0.72)	(1.02)	(2.67)	(1.82)	(1.07)
Cash, $m
Cash, $m	Operating cash flow	(12)	(9)	(21)	243	535	413	258	(7)	828	1,317
	Capex	0	(1)	(2)	(1)	(1)	(5)	(5)	(3)	(2)	(5)
	Free cash flow	(12)	(9)	(23)	242	534	408	253	(9)	826	1,311
Balance, $m
Balance, $m	Working capital	—	20	86	182	201	551	558	604	766	852
	Total debt	—	—	—	5	8	153	161	157	160	162
	Net debt	—	(18)	(48)	(387)	(940)	(1,552)	(1,957)	(2,211)	(2,774)	(4,116)
	Shareholders’ equity	—	(15)	(26)	212	236	447	447	489	655	865
Returns, %
Returns, %	ROA	0.00	(9.95)	(57.15)	(1.43)	1.07	0.53	(0.06)	0.86	1.20	2.34
	ROIC	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	0.00	38.51	209.88	(7.08)	7.18	4.31	(0.49)	6.96	10.62	22.48

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GOLD Gold.com Inc.	$1.2B	13.0×	13.6×	+99.24% (above 0%: growing)	0.00%	+1,587.91% (above 0%: growing)	2.20%	0.53%	Compare
OPY Oppenheimer Holdings, Inc.	$1.1B	10.3×	— (loss-making)	+21.89% (above 0%: growing)	+23.79% (above 0%: growing)	−246.51% (below 0%: shrinking)	98.25%	21.20%	Compare
CD Chaince Digital Holdings Inc.	$767.8M	— (loss-making)	—	−40.84% (below 0%: shrinking)	n/m	+175.88% (above 0%: growing)	48.06%	(325.71%)	Compare
BTGO BitGo Holdings, Inc.	$762.9M	— (loss-making)	— (loss-making)	+143.96% (above 0%: growing)	n/m	−401.80% (below 0%: shrinking)	0.85%	(0.40%)	Compare
TIGR UP Fintech Holding Limited	$747.1M	6.4×	10.7×	+31.39% (above 0%: growing)	−4.35% (below 0%: shrinking)	+74,003.85% (above 0%: growing)	96.29%	42.98%
HIVE HIVE Digital Technologies Ltd.	$608.9M	— (loss-making)	— (loss-making)	+73.47% (above 0%: growing)	n/m	−12.46% (below 0%: shrinking)	31.90%	(58.65%)	Compare
ABTC American Bitcoin Corp.	$592.8M	— (loss-making)	59.5×	+121.28% (above 0%: growing)	n/m	−3,990.00% (below 0%: shrinking)	49.25%	(110.54%)	Compare
CSHR CoinShares PLC	$539.1M	5.1×	—	—	+128.25% (above 0%: growing)	−51.03% (below 0%: shrinking)	—	0.00%	Compare
GEMI Gemini Space Station, Inc.	$503.1M	— (loss-making)	— (loss-making)	+36.61% (above 0%: growing)	n/m	−6,650.00% (below 0%: shrinking)	100.00%	(169.19%)	Compare
Median of peers	$685.9M	10.3×	—	+73.47%	+23.79%	−148.77%	48.06%	(29.52%)

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UP Fintech Holding Limited (TIGR) key facts

Strength: UP Fintech Holding Limited’s revenue for fiscal 2025 (year ended December 2025) was $612.1 million, up 56.3% from fiscal 2024.
UP Fintech Holding Limited (TIGR) is a Capital Markets company in the Financial sector, traded in the US as an ADR.
As of October 16, 2026, TIGR traded at $4.05, a market capitalization of $747.1 million.
Return on equity was 22.5% and debt-to-equity 0.06.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.