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Up Fintech Holding
(NASDAQ:TIGR)
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Rating:78Outperform
Price Target:
$6.00
▲(22.20% Upside)
Action:Upgraded
Date:08/26/26
The score is driven primarily by strong financial performance (profitability and cash flow strength) and a supportive earnings outlook indicating continued client asset growth. Valuation is favorable with a low P/E. Technicals are positive but tempered by overbought signals and the stock still trading below its 200-day average, which adds near-term pullback risk.
Positive Factors
Client Asset and Revenue Growth
Strong revenue, client-asset and funded-account growth indicates rising platform adoption and a larger recurring base for commissions, interest income and related services over the medium term.
Negative Factors
Regulatory Exposure in Mainland China
Regulatory restrictions have reduced Mainland client contribution and created compliance costs and earnings uncertainty, limiting the durability of growth from a previously important customer segment.
Read all positive and negative factors
Positive Factors
Negative Factors
Client Asset and Revenue Growth
Strong revenue, client-asset and funded-account growth indicates rising platform adoption and a larger recurring base for commissions, interest income and related services over the medium term.
Read all positive factors
Up Fintech Holding (TIGR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.03B
Dividend YieldN/A
Average Volume (3M)2.05M
Price to Earnings (P/E)8.4
Beta (1Y)1.42
Revenue Growth48.35%
EPS Growth37.83%
CountryUS
Employees1,346
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.65
Shares Outstanding181,380,900
10 Day Avg. Volume1,772,260
30 Day Avg. Volume2,052,994
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.95
Price to Sales (P/S)2.75
P/FCF Ratio1.29
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$7.07Price Target Upside43.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.48
Revenue Forecast (FY)$585.08M
Up Fintech Holding Business Overview & Revenue Model
Company Description
Up Fintech Holding Limited (TIGR), also known as Tiger Brokers, is an online brokerage and wealth management platform that provides investors—primarily in China and other international markets—with access to trading and investing in global financi...
How the Company Makes Money
Up Fintech Holding generally earns revenue from providing brokerage and related services through its trading platform. Key revenue streams include: (1) Trading commissions: fees charged to customers for executing buy/sell orders in supported marke...
Up Fintech Holding Earnings Call Summary
Earnings Call Date:Aug 26, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 01, 2026
Earnings Call Sentiment Positive
The call presents a fundamentally positive operating and revenue story: record quarterly revenue, strong commission and interest income growth, returning to profitability, meaningful client asset and funded account growth, and tangible traction across international markets and B2B services. Offsetting these positives are material cost increases (notably marketing and compensation), a pronounced drop in cash equity take rate driven by market mix and U.S. zero-commission flows, a temporarily elevated tax burden (partly noncash), and concentrated regulatory effects on Mainland clients. On balance, the highlights around top-line growth, profitability recovery, and diversified international momentum outweigh the lowlights tied mainly to investment spending and mix-driven margin compression.Positive Updates
Record Quarterly Revenue
Total revenue reached $182.0M in Q2 2026, an all-time high, increasing ~31% year-over-year and ~18% quarter-over-quarter.
Negative Updates
Significant Cost Increases
Total operating costs rose to $103.9M in Q2, up ~47% year-over-year. Major increases included employee compensation (+39% YoY to $50M), marketing (+87% YoY to $18.4M), communication & market data (+56% YoY to $16.2M), and G&A (+45% YoY to $9.8M).
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue
Total revenue reached $182.0M in Q2 2026, an all-time high, increasing ~31% year-over-year and ~18% quarter-over-quarter.
Read all positive updates
Company Guidance
Management's guidance was that Q3 quarter-to-date both net asset inflows and mark-to-market gains have each exceeded $1.0 billion, driving client assets to a high-single-digit QoQ increase from Q2’s $60.7 billion; trading volume and commissions are running slightly below Q2 (Q2 commission income $78.3M, interest income $79.8M, total revenue $182M, operating profit $56.8M, GAAP net income $39.4M/non‑GAAP $42.8M), new funded accounts are expected to be flat or up versus Q2 (Q2 added 32,600 to 1.32M funded accounts) with average net asset inflow per new funded user ~ $25,000, the cash equity take rate should recover somewhat from Q2’s 3.6 bps (Q1 5.9 bps) while blended take rate stays relatively stable, normalized effective tax rate is targeted at ~10–15% (Q2 was ~28% due to one‑offs), H2 CAC is expected in the ~$450–$550 range, and repurchases may continue under the $50M buyback program (≈$5M repurchased so far).Up Fintech Holding Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
72
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 645.56M | 613.68M | 391.54M | 272.51M | 225.37M | 264.49M |
| Gross Profit | 533.82M | 572.05M | 254.52M | 162.67M | 108.01M | 127.81M |
| EBITDA | 239.59M | 292.06M | 151.12M | 102.34M | 29.71M | 19.00M |
| Net Income | 113.79M | 171.45M | 60.73M | 32.56M | -2.19M | 14.69M |
Balance Sheet | ||||||
| Total Assets | 8.23B | 8.23B | 6.39B | 3.75B | 3.80B | 3.32B |
| Cash, Cash Equivalents and Short-Term Investments | 4.29B | 4.28B | 470.20M | 751.66M | 441.14M | 276.01M |
| Total Debt | 173.16M | 173.16M | 179.50M | 172.64M | 168.22M | 154.54M |
| Total Liabilities | 7.36B | 7.36B | 5.73B | 3.25B | 3.35B | 2.87B |
| Stockholders Equity | 865.51M | 865.51M | 655.23M | 488.98M | 447.13M | 446.63M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.31B | 826.42M | -9.33M | 253.17M | 408.24M |
| Operating Cash Flow | 0.00 | 1.32B | 827.98M | -6.57M | 258.06M | 413.20M |
| Investing Cash Flow | 0.00 | -5.75M | -8.66M | -7.75M | -3.61M | 10.92M |
| Financing Cash Flow | 0.00 | -2.93M | 103.83M | 1.82M | 4.73M | 330.88M |
Up Fintech Holding Technical Analysis
Positive
4.91
Price Trends
4.77
Positive
5.41
Positive
6.94
Negative
Market Momentum
0.14
Negative
66.47
Neutral
92.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIGR, the sentiment is Positive. The current price of 4.91 is below the 20-day moving average (MA) of 4.91, above the 50-day MA of 4.77, and below the 200-day MA of 6.94, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 66.47 is Neutral, neither overbought nor oversold. The STOCH value of 92.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TIGR.
Up Fintech Holding Risk Analysis
Up Fintech Holding disclosed 97 risk factors in its most recent earnings report. Up Fintech Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Up Fintech Holding Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.03B | 8.40 | 13.81% | ― | 48.35% | 37.83% | |
77 Outperform | $12.02B | 8.89 | 16.07% | 1.79% | 11.04% | 60.96% | |
77 Outperform | $17.61B | 12.50 | 28.42% | 2.62% | 44.47% | 39.64% | |
76 Outperform | $11.14B | 15.18 | 39.83% | 1.00% | 45.68% | 59.92% | |
70 Outperform | $2.50B | 10.14 | 18.97% | ― | 9.87% | 32.48% | |
69 Neutral | $9.20B | 8.93 | 22.05% | 2.28% | 16.84% | 20.39% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TIGR
Up Fintech Holding
5.46
-6.11
-52.81%
EVR
Evercore Partners
291.42
-29.49
-9.19%
SF
Stifel Financial
80.77
4.51
5.91%
FUTU
Futu Holdings
127.34
-53.74
-29.68%
XP
XP
17.81
1.10
6.56%
ETOR
eToro
30.51
-14.01
-31.47%
Up Fintech Holding Corporate Events
UP Fintech Posts Record Q2 2026 Revenue and Expands Global Client Base
Aug 26, 2026
UP Fintech reported unaudited results for the second quarter ended June 30, 2026, highlighting record total revenue of US$182.3 million, up 31.4% year over year and 17.7% sequentially. Operating income rose to US$56.8 million, while GAAP and non-G...
UP Fintech Posts Q1 Revenue Growth but Swings to Loss After China Penalty, Launches $50 Million Buyback
Jun 2, 2026
UP Fintech reported unaudited first-quarter 2026 results on June 2, highlighting a 26.3% year-on-year rise in revenue to US$154.9 million and strong growth in client assets and funded accounts, despite swinging to a net loss of US$26.9 million fro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.