TIGR on Nasdaq

UP Fintech Holding Ltd

Security brokers company based in Beijing, Cayman Islands2

In its 2026 annual report (Form 20-F) the company says: “UP Fintech Holding Limited, known commercially in the Asia-Pacific region as “Tiger Brokers”, is a Cayman Islands exempted company incorporated in January 2018 and operating under the Companies Law of the Cayman Islands.”5 Its shares trade on Nasdaq under the symbol TIGR.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$612.1MRevenue, fiscal 20253
$171.5MNet income, fiscal 20253

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  • TickerTIGR on Nasdaq2
  • IndustrySecurity Brokers, Dealers & Flotation Companies2
  • HeadquartersBeijing, China2
  • Incorporated inCayman Islands4
  • Business address18F,No.16 Taiyanggong Rd,Chaoyang Dist., Beijing, 1000204
  • Filer categoryLarge accelerated filer4
  • Legal formcompany limited by shares2
  • LEI213800JJDNMAG3L84P542
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O SERTUS INCORPORATIONS (CAYMAN) LIMITED, KY1-1104 Grand Cayman, Cayman Islands2
  • Registered withGeneral Registry, 3319672

UP Fintech Holding Limited, known commercially in the Asia-Pacific region as “Tiger Brokers”, is a Cayman Islands exempted company incorporated in January 2018 and operating under the Companies Law of the Cayman Islands. As of the date of this report, our authorized share capital is US$50,000 divided into 5,000,000,000 shares.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

28.0%Net margin3
56.3%Revenue growth, 20253
19.8%Return on equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Commissions brought in 40% of the revenue UP Fintech Holding Ltd broke down this way in fiscal 2025.

  1. Commissions$266.8M340%up 68% from 2024
  2. Interests income$257.0M339%up 34% from 2024
  3. Product and Service, Other$77.5M312%up 163% from 2024
  4. Wealth management service$19.9M33%up 2039% from 2024
  5. Ipo Distribution Services$18.2M33%up 95% from 2024
  6. Currency Exchange Service$16.6M32%up 75% from 2024
  7. Financing Service$10.7M32%down 5% from 2024
Products and services by year
Products and services202320242025
Commissions$92.6M$159.0M$266.8M
Interests income$149.3M$191.8M$257.0M
Product and Service, Other$18.4M$29.4M$77.5M
Wealth management service$704.1K$929.7K$19.9M
Ipo Distribution Services$4.1M$9.3M$18.2M
Currency Exchange Service$5.3M$9.5M$16.6M
Financing Service$12.2M$11.3M$10.7M

Regions

NZ brought in 36% of the revenue UP Fintech Holding Ltd broke down this way in fiscal 2025.

  1. NZ$219.6M336%up 49% from 2024
  2. SGMember$163.3M327%up 79% from 2024
  3. United States$156.9M326%up 26% from 2024
  4. Other Geographic Areas$70.0M311%up 176% from 2024
  5. KY$2.3M30%down 26% from 2024
Regions by year
Regions202320242025
NZ$117.3M$147.2M$219.6M
SGMember$66.7M$91.2M$163.3M
United States$71.9M$124.7M$156.9M
Other Geographic Areas$12.9M$25.3M$70.0M
KY$3.6M$3.1M$2.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development16¢$100.0M
  • Other costs38¢$231.3M
  • Interest12¢$73.4M
  • Income tax6¢$36.0M
  • Profit28¢$171.5M

Out of $612.1M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$1.3B

Out of $1.3B of cash from operations.3

Financial statements

Revenue6789103$612.1M in 2025+1724% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $33.6M$33.6M20182019: $58.7M$58.7M2019+75%2020: $138.5M$138.5M2020+136%2021: $264.5M$264.5M2021+91%2022: $225.4M$225.4M2022−15%2023: $272.5M$272.5M2023+21%2024: $391.5M$391.5M2024+44%2025: $612.1M$612.1M2025+56%
Net income1189103$171.5M in 2025
-$100.0M0$100.0M$200.0M2018: -$43.2M-$43.2M20182019: -$6.6M-$6.6M2019−85%2020: $19.2M$19.2M20202021: $14.7M$14.7M2021−23%2022: -$2.3M-$2.3M20222023: $33.0M$33.0M20232024: $61.4M$61.4M2024+86%2025: $171.5M$171.5M2025+179%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Interest expense-$73.4M-$60.8M-$47.0M
Total net revenues$538.7M$330.7M$225.5M
Execution and clearing-$20.5M-$14.7M-$9.1M
Employee compensation and benefits (including share-based compensation of US$10,147,362, US$9,736,901 and US$15,609,141 for the years ended December 31, 2023, 2024 and 2025, respectively)-$167.2M-$122.4M-$100.8M
Occupancy, depreciation and amortization-$10.5M-$8.6M-$9.4M
Communication and market data-$46.5M-$38.9M-$30.8M
Marketing and branding-$49.5M-$28.5M-$20.9M
General and administrative-$36.2M-$39.3M-$21.8M
Total operating cost and expenses-$330.3M-$252.3M-$192.7M
Others, net-$939.0K$3.3M$13.1M
Income before income taxes$207.4M$81.8M$46.0M
Income tax expense-$36.0M-$20.4M-$13.0M
Net income$171.5M$61.4M$33.0M
Net (loss) income attributable to non-controlling interests$48.9K-$4.5K-$98.3K
Accretion of Redeemable Non-controlling Interests to Redemption Value-$533.2K-$630.5K-$542.2K
Net income attributable to ordinary shareholders of UP Fintech$170.9M$60.7M$32.6M
Basic$0.06$0.03$0.01
Diluted$0.06$0.02$0.01
Basic2.7B shares2.4B shares2.3B shares
Diluted2.8B shares2.5B shares2.4B shares
Unrealized (loss) gain on available-for-sale securities (net of tax effect of nil, nil and nil for the years ended December 31, 2023, 2024 and 2025, respectively)$2.2M$343.9K-$450.3K
Change in cumulative foreign currency translation adjustment$19.2M-$9.0M-$545.5K
Total Comprehensive income$192.8M$52.7M$32.0M
Total Comprehensive (loss) income attributable to non-controlling interests$36.9K$3.1K-$92.5K
Accretion of redeemable non-controlling interests to redemption value-$533.2K-$630.5K-$542.2K
Total Comprehensive income attributable to ordinary shareholders of UP Fintech$192.3M$52.0M$31.6M
Share-based compensation$15.6M$9.7M$10.1M
Unrealized gain (loss) on available-for-sale securities, net of tax effect$0$0$0
Revenues from related parties$612.1M$391.5M$272.5M
Interest expense-$2.1M-$373.0K
Communication and market data-$100.0K-$116.2K-$150.4K

Compare UP Fintech Holding Ltd with another company

Corporate structure

UP Fintech Holding Ltd sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UP Fintech Holding Ltd

  • Avenir Tech Ltd Filed SCHEDULE 13G/A on UP Fintech Holding Ltd, latest Jun 16, 2026 (2 filings since Apr 29, 2025)
  • SUSQUEHANNA SECURITIES, LLC Filed SCHEDULE 13G/A on UP Fintech Holding Ltd, latest Feb 13, 2026 (2 filings since Aug 14, 2025)
  • Tianhua Wu Filed SCHEDULE 13G/A on UP Fintech Holding Ltd, latest Feb 13, 2026 (5 filings since Feb 11, 2022)
  • Xiaomi Corp Filed SCHEDULE 13G/A on UP Fintech Holding Ltd, latest Nov 14, 2025
  • JANE STREET GROUP, LLC Filed SCHEDULE 13G/A on UP Fintech Holding Ltd, latest Nov 13, 2025 (2 filings since Aug 14, 2025)
  • Tigerex Holding Ltd Filed SCHEDULE 13G on UP Fintech Holding Ltd, latest Dec 17, 2024
  • Interactive Brokers LLC - ATS Filed SC 13D/A on UP Fintech Holding Ltd, latest Oct 10, 2024
  • UP Fintech Holding Ltd Beijing, China
    • TIGER BROKERS (AU) PTY LIMITED Subsidiary · 100% · Sydney, Australia
    • TIGER BROKERS (SINGAPORE) PTE. LTD. Subsidiary · Singapore, Singapore

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UP Fintech Holding Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$11.2M3 Dec 31, 2025$9.0M3 Dec 31, 2024+24.7%
Property and equipment, net$5.8M3 Dec 31, 2025$4.2M3 Dec 31, 2024+37.9%
Operating-lease assets (leased space)$11.7M3 Dec 31, 2025$10.9M3 Dec 31, 2024+7.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$791.0M3 Dec 31, 2025$393.6M3 Dec 31, 2024+101.0%
Debt securities available for sale$6.6M3 Dec 31, 2025$4.4M3 Dec 31, 2024+50.0%
Stakes in other companies (equity method)$10.6M3 Dec 31, 2025$10.2M3 Dec 31, 2024+3.7%
Long-term investments$9.8M3 Dec 31, 2025$7.7M3 Dec 31, 2024+28.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.5M3 Dec 31, 2025$2.5M3 Dec 31, 20240%
Indefinite-lived intangibles (excluding goodwill)$8.6M3 Dec 31, 2025$11.2M3 Dec 31, 2024−23.1%
Accumulated amortization$101.7K3 Dec 31, 2025$82.8K3 Dec 31, 2024+22.8%
Finite-lived intangibles, net$15.2K3 Dec 31, 2025$29.2K10 Dec 31, 2024−47.8%

Leadership

Who has led UP Fintech Holding Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tianhua Wu2026–now
Board members and other officers (3)

Timeline

  1. Mar 18, 2026New chief executive Tianhua Wu becomes CEO12

Calendar

Coming up

  1. Dec 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.29 a share, on Dec 4, 2025.15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

93 filings to the SEC since October 2021: 5 annual reports, 8 insider forms, 14 large holders, 66 other. The latest 20:

  1. Aug 26, 20266-K EDGAR
  2. Jun 29, 20264 EDGAR
  3. Jun 29, 20264 EDGAR
  4. Jun 25, 2026144 EDGAR
  5. Jun 16, 2026SCHEDULE 13G/A EDGAR
  6. Jun 2, 20266-K EDGAR
  7. May 22, 20266-K EDGAR
  8. Apr 24, 202620-F EDGAR
  9. Apr 1, 20263 EDGAR
  10. Mar 19, 20264 EDGAR
  11. Mar 19, 20266-K EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Feb 13, 2026SCHEDULE 13G/A EDGAR
  17. Feb 13, 2026SCHEDULE 13G/A EDGAR
  18. Dec 4, 20256-K EDGAR
  19. Nov 14, 2025SCHEDULE 13G/A EDGAR
  20. Nov 13, 2025SCHEDULE 13G/A EDGAR

The 93 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 25, 2026LIU JIANDirectorSale9,333$4.60$42.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Avenir Tech Ltd21,811,000$96.0M15.7%+11,464,913
Sparta 24 Ltd.6,759,673$29.7M27.3%+951,406
Renaissance Technologies LLC3,320,500$14.6M0.0%+1,538,434
Capital International Investors2,190,703$9.6M0.0%−3,085,273
Arrowstreet Capital, Limited Partnership2,162,495$9.5M0.0%−1,853,677
BlackRock, Inc.2,043,660$9.0M0.0%−851,374
Quinn Opportunity Partners LLC1,920,204$8.4M0.4%+1,286,283
Morgan Stanley1,630,177$7.2M0.0%+795,806
Nuveen, LLC1,590,954$7.0M0.0%−38,629
Millennium Management LLC1,313,974$5.8M0.0%+1,278,216
Point72 Asset Management, L.P.1,242,406$5.5M0.0%New
Marshall Wace, Llp1,145,281$5.0M0.0%+409,538
Marex Group Ltd1,057,745$4.7M0.0%+1,032,993
Goldman Sachs Group Inc979,810$4.3M0.0%−567,118
Susquehanna International Group, Llp782,402$3.4M0.0%−1,973,354
Trexquant Investment LP778,788$3.4M0.0%−73,778
State Street Corp734,661$3.2M0.0%−74,244
UBS Group AG704,105$3.1M0.0%−450,071
Bnp Paribas Financial Markets650,729$2.9M0.0%+482,712
Susquehanna Fundamental Investments, LLC598,226$2.6M0.0%+235,723
Deutsche Bank Ag\540,181$2.4M0.0%+3,115
Two Sigma Investments, LP520,202$2.3M0.0%+506,002
Walleye Trading LLC494,211$2.2M0.0%+390,218
Citadel Advisors LLC469,705$2.1M0.0%+355,861
Boston Partners237,105$1.0M0.0%+101,121

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How UP Fintech Holding Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUP Fintech Holding Ltd1
  • CIK0001756699
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address18F,No.16 Taiyanggong Rd,Chaoyang Dist., Beijing, 100020, China1
  • Mailing address18/F, No.16 Taiyanggong Middle Road, Beijing, 100020, China1
  • Phone86-10-562166601
  • Shares outstanding2,747,878,321 Common Class A shares; 97,611,722 Common Class B shares as of Dec 31, 20255
  • AuditorKPMG Huazhen LLP, Beijing, China PCAOB ID 1186; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceNov 20, 20181
  • Filings156 in all: 6-K (60), 144 (15), UPLOAD (11), CORRESP (10), 20-F (7), SCHEDULE 13G/A (6), 3 (5), 424B5 (4)1
    All 29 form types

    SC 13G/A (4), SCHEDULE 13G (4), 4 (3), S-8 (3), SC 13G (3), DRSLTR (2), EFFECT (2), F-1/A (2), F-3ASR (2), FWP (2), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), F-6 (1), F-6EF (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par valueUS$0.00001 per sharTIGRNasdaq Global Select Market
American Depositary SharesTIGRNasdaq Global Select Market

From the cover page of the 20-F filed Apr 24, 2026 (Section 12(b) of the Exchange Act).5