UP Fintech: Revenue Hits Record US$101M; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion
UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares (TIGR)
US:NASDAQ Investor Relations:
tigerlogic.com/company/press/sap.jsp
Company Research
Source: PR Newswire
NEW YORK, Nov. 12, 2024 /PRNewswire/ -- UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.UP Fintech's founder and CEO, Wu Tianhua, stated, "In
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News
- UP Fintech Holding Limited (NASDAQ: TIGR) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a "buy" rating and a $9.40 price target on the stock.MarketBeat
- UP Fintech Holding Ltd (TIGR) Q3 2024 Earnings Call Highlights: Record Revenue and Client ... [Yahoo! Finance]Yahoo! Finance
- UP Fintech: Revenue Hits Record US$101M; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion [Yahoo! Finance]Yahoo! Finance
- UP Fintech Holding Limited Reports Unaudited Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- UP Fintech Holding Limited Reports Unaudited Third Quarter 2024 Financial ResultsGlobeNewswire
TIGR
Sec Filings
- 12/17/24 - Form SCHEDULE
- 11/13/24 - Form 144
- 11/12/24 - Form 6-K
- TIGR's page on the SEC website