Up Fintech Holding (TIGR)
NASDAQ:TIGR
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Up Fintech Holding
(NASDAQ:TIGR)
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Rating:68Neutral
Price Target:
$5.50
▼(-24.66% Downside)
Action:Downgraded
Date:06/02/26
Score is driven by strong underlying financial performance (profitability and cash generation rebound) and an inexpensive P/E valuation. These positives are tempered by weak technicals (clear downtrend) and earnings-call risks, particularly the one-time regulatory penalty, higher expenses, and regulatory uncertainty despite management’s constructive outlook.
Positive Factors
Re-accelerating revenue & margins
Re-accelerating top-line and materially wider net margins indicate the platform is converting higher activity into durable profitability. Sustained margin expansion reflects operating leverage and a stronger mix of interest and commission income, supporting reinvestment, product development and shareholder returns over time.
Negative Factors
Major regulatory penalties & China oversight risk
Material enforcement actions and a shift to territory‑based Mainland oversight create lasting compliance and execution risk. Mainland users are a small share of assets but a disproportionately large revenue source (~20–25%), so tighter Mainland constraints can durably reduce revenue and force business model adjustments or higher compliance costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating revenue & margins
Re-accelerating top-line and materially wider net margins indicate the platform is converting higher activity into durable profitability. Sustained margin expansion reflects operating leverage and a stronger mix of interest and commission income, supporting reinvestment, product development and shareholder returns over time.
Read all positive factors
Up Fintech Holding (TIGR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$841.74M
Dividend YieldN/A
Average Volume (3M)6.59M
Price to Earnings (P/E)7.0
Beta (1Y)1.64
Revenue Growth48.35%
EPS Growth37.83%
CountryUS
Employees1,193
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.70
Shares Outstanding181,380,900
10 Day Avg. Volume14,462,362
30 Day Avg. Volume6,592,386
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-3.69
Enterprise Value/Revenue-6.38
Enterprise Value/Gross Profit-9.38
Enterprise Value/Ebitda-14.05
Forecast
1Y Price Target
$7.38Price Target Upside1.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.67
Revenue Forecast (FY)$604.35M
Up Fintech Holding Business Overview & Revenue Model
Company Description
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be acce...
How the Company Makes Money
Up Fintech Holding generally earns revenue from providing brokerage and related financial services through its online investing platforms. Key revenue streams include: (1) Trading commissions and execution-related fees: revenue earned when custome...
Up Fintech Holding Earnings Call Summary
Earnings Call Date:Jun 02, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive operational and product momentum: solid year-over-year revenue growth (+~26%), expanding operating profit (+~17.5% YoY), record retail net inflows ($2.9B), resilient client assets (+~28.4% YoY), continued user growth and strong product/market activity (AI upgrades, new derivatives, robust IPO pipeline). However, near-term financials were impacted by a significant one-time regulatory penalty (~RMB 411M / ~$60M), elevated operating expenses (+33% YoY) and sequential revenue pressure (-12% QoQ), as well as mark-to-market volatility in Q1 (≈$4.9B) and a tax-related noncash adjustment (~$4M). Management emphasized the one-off nature of the penalty, recovery of mark-to-market losses by Q2-to-date, and confidence in full-year guidance and user quality focus, resulting in brighter longer-term prospects despite short-term headwinds.Positive Updates
Strong Year-over-Year Revenue Growth
Total revenue of $155.0M in Q1 2026, up ~26.3% year-over-year, driven by 15% YoY growth in commission income ($67.2M) and 20% YoY growth in interest income ($64.5M).
Negative Updates
Regulatory Penalty and One-Time Charge
Received a regulatory penalty notice totaling ~RMB 411M (approx. $60M); fully accounted in Q1 as a one-time nonrecurring charge, which materially contributed to a reported net loss for the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Year-over-Year Revenue Growth
Total revenue of $155.0M in Q1 2026, up ~26.3% year-over-year, driven by 15% YoY growth in commission income ($67.2M) and 20% YoY growth in interest income ($64.5M).
Read all positive updates
Company Guidance
Management reiterated confidence in its full‑year outlook and said Q2 activity has improved, expecting new funded accounts to remain stable q/q with 28,900 new funded accounts in Q1 (Singapore and Hong Kong >75% of additions, split almost evenly; Australia/New Zealand ~20%; remainder U.S.), Q2‑to‑date U.S. cash equity trading volume already matching all of Q1, and Q2‑to‑date recovery of the ~USD 4.9 billion Q1 mark‑to‑market loss; healthy retail net asset inflows (Q1 net inflow USD 2.9 billion, retail/consolidated inflows >USD 2 billion for the first time) should drive a q/q increase in total client assets (Q1 client assets USD 58.9 billion), management remains confident despite the one‑time regulatory penalty of ~RMB 411 million (~USD 60 million), has authorized a share repurchase program of up to USD 50 million, and highlighted improved acquisition efficiency of ~USD 170 net retail AUM per dollar spent in Q1 (vs. ~USD 150 over the past four quarters).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 | 486.49M | 613.68M | 391.54M | 272.51M | 225.37M | 264.49M |
| Gross Profit | 330.57M | 572.05M | 254.52M | 162.67M | 108.01M | 127.81M |
| EBITDA | 220.74M | 292.06M | 151.12M | 102.34M | 29.71M | 19.00M |
| Net Income | 117.65M | 171.45M | 60.73M | 32.56M | -2.19M | 14.69M |
Balance Sheet | ||||||
| Total Assets | 8.57B | 8.23B | 6.39B | 3.75B | 3.80B | 3.32B |
| Cash, Cash Equivalents and Short-Term Investments | 805.11M | 4.28B | 470.20M | 751.66M | 441.14M | 276.01M |
| Total Debt | 174.52M | 173.16M | 179.50M | 172.64M | 168.22M | 154.54M |
| Total Liabilities | 7.81B | 7.36B | 5.73B | 3.25B | 3.35B | 2.87B |
| Stockholders Equity | 753.99M | 865.51M | 655.23M | 488.98M | 447.13M | 446.63M |
Cash Flow | ||||||
| Free Cash Flow | 672.66M | 1.31B | 826.42M | -9.33M | 253.17M | 408.24M |
| Operating Cash Flow | 672.86M | 1.32B | 827.98M | -6.57M | 258.06M | 413.20M |
| Investing Cash Flow | -10.23M | -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
Negative
7.30
Price Trends
6.22
Negative
7.11
Negative
8.63
Negative
Market Momentum
-0.51
Positive
31.31
Neutral
32.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TIGR, the sentiment is Negative. The current price of 7.3 is above the 20-day moving average (MA) of 5.53, above the 50-day MA of 6.22, and below the 200-day MA of 8.63, indicating a bearish trend. The MACD of -0.51 indicates Positive momentum. The RSI at 31.31 is Neutral, neither overbought nor oversold. The STOCH value of 32.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $13.13B | 17.70 | 41.05% | 0.95% | 47.30% | 68.64% | |
79 Outperform | $3.04B | 13.51 | 17.42% | ― | 12.56% | 20.38% | |
72 Outperform | $12.94B | 10.09 | 26.62% | ― | 52.73% | 52.01% | |
71 Outperform | $10.85B | 8.24 | 15.14% | 1.43% | 9.07% | 45.94% | |
68 Neutral | $841.74M | 7.01 | 21.89% | ― | 48.35% | 37.83% | |
68 Neutral | $7.93B | 7.96 | 22.01% | 1.10% | 10.28% | 17.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TIGR
Up Fintech Holding
4.48
-4.16
-48.15%
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92.33
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-13.93%
XP
XP
15.34
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Up Fintech Holding Corporate Events
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...
UP Fintech Hit With Major CSRC Penalties Over Mainland China Securities Operations
May 22, 2026
On May 22, 2026, UP Fintech disclosed that certain of its subsidiaries had been investigated by the China Securities Regulatory Commission’s Beijing Bureau for conducting unlicensed cross-border securities operations and illegal fund and fut...
UP Fintech Posts Surging 2025 Profit as Client Assets and Global Reach Expand
Mar 19, 2026
On March 19, 2026, UP Fintech reported unaudited results for the fourth quarter and full year ended December 31, 2025, highlighting strong growth in revenues, profitability and client assets. Full-year revenue rose 56.3% to US$612.1 million and ne...
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.