UP Fintech Holdings delivered strong third-quarter results, with revenue surging 73% year-over-year to $175.2 million and all licensed entities achieving profitability, reflecting robust user acquisition and increased client assets.
- Net income attributable to UP Fintech rose 30% quarter-over-quarter to $53.8 million, and non-GAAP net profit reached $57 million, both hitting new historical highs.
- Added 31,500 new funded accounts in Q3, surpassing total annual guidance early, with significant contributions from Hong Kong and Singapore.
- Total client assets reached a record $61 billion, up 49.7% year-over-year, driven by strong retail investor engagement and mark-to-market gains.
- Launched new product offerings, including Japanese market derivatives and cryptocurrency trading in New Zealand, enhancing the global multi-asset strategy.
- Robust growth in B2B operations, with other revenue doubling quarter-over-quarter and significant IPO underwriting activity reflecting enhanced platform capabilities.
Community Discussion