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Highlights

  • Q1 revenue grew 55.3% YoY to $122.6 million; trading volume hit $217.5 billion
  • Non-GAAP net income rose 145% YoY to $36 million, a quarterly record
  • Funded accounts reached 1.15 million, up 23.5% YoY with 60,900 new funded users

UP Fintech Holding Limited (NASDAQ: TIGR) has released its unaudited financial results for Q1 2025, reporting total revenue of $122.6 million, a 55.3% increase year-over-year. The company also posted a record non-GAAP net income attributable to shareholders of $36 million, marking an 18.3% increase quarter-over-quarter and a 145% rise compared to the same period last year.

The fintech firm added 77,000 new accounts during the first quarter, representing a 49.8% YoY increase and pushing the total global account count to 2.53 million. Of these, 60,900 were funded accounts, contributing to a 23.5% YoY rise in funded clients, now totaling 1.15 million.

Trading activity saw a sharp uptick as quarterly volume reached $217.5 billion, a 154.6% YoY surge. Net deposits totaled $3.4 billion, while total client assets increased to $45.9 billion, up nearly 10% from the previous quarter and 39.5% YoY — both marking all-time highs.

Operational highlights included an expansion of digital asset services and AI enhancements. In Q1, UP Fintech launched cryptocurrency deposit and withdrawal functions in Hong Kong, enabling users to manage assets like Bitcoin (BTC) and Ethereum (ETH) through its flagship trading app. The company also upgraded its AI features from TigerGPT to TigerAI, which now includes watchlist support, portfolio insights, and options analysis.

Product enhancements in the quarter included the rollout of tools such as options position analysis and stop-loss/take-profit settings for combo strategies. These upgrades aim to provide users with expanded data access and improve functionality for U.S. equities and options trading.

While the firm achieved notable growth across financial and user metrics, the trajectory for the rest of the year will depend on market conditions and the company’s ability to continue expanding its product offerings and geographic reach.