UP Fintech Holding Limited (Nasdaq: Tigr), which exploits the brokers Tiger Brokers, has announced its financial results for the first quarter of 2025, which has flat revenue after a records of Q4, but a sharp increase in net profit for the company.
Net revenue amounted to $ 107.6 million in the first quarter, the Q1-2025, basically the same as $ 107.4 million in 2024, which was the first time that revenue reached $ 100 million in a quarter in Up Fintech. However, due to a much more favorable foreign currency translation in the first trimester, net profit amounted to a record of $ 34.3 million in the first quarter, compared to $ 10.9 million in the 4th quarter.
Tiger brokers trading volumes came on a record $ 217.5 billion in the first quarter of 2025, or $ 72 billion a month.
UP Fintech holds the Tiger Brokers online brokerage brand, which has licensed US subsidiaries, Australia, New Zealand, Hong Kong and Singapore. Tiger brokers are mainly targeting Chinese traders and other selected markets in the Far East. The company is controlled by the founder based on Beijing and majority shareholder Wu Tianhua.
Wu Tianhua, President and CEO of Up Fintech, said,
“The macroeconomic environment remained dynamic in the first quarter, our total revenue reached $ 122.6 million, representing an increase of 55.3% on a yearly basis, benefiting from the power of our brand and continuing investment in R&D, both GAAP and GAAP and GAAP. UP Fintech’s usual shareholders reached US $ 36.0 million, an increase of 18.3% in succession and 145.0% from the same period last year.
“In the first quarter, we added 60,900 new clients with deposits, already achieved 40% of the annual guidance of 150,000 new customers with deposits for 2025 and bringing the total number of our customers with deposits at the end of the first trimester. A total account of the account increased by 9.9% quarter over quarter and 39.5% compared to the first quarter to $ 45.9 billion, setting another historical high.
“In the first quarter, we continued to develop new features aimed at enhancing users’ experience throughout our platform. In Hong Kong, we have introduced additional functions to the top of existing virtual commercial services. It enhances our ability to serve institutional and high customers.
“In our corporate business, we reinforced Hong Kong’s 4 IPO in the first quarter, including” Chifeng Gold “and” Nanshan Aluminal “, and we were in the way as a distributor for” Mixue Group “, the largest Hong Kong Ipo in the first quarter.
The full fintech / Tiger Brokers Press Release detailing Q1 results 2025 can see here.