
UP Fintech Holding Ltd. Sponsored ADR Class A
Financial ServicesNASDAQ:TIGR · NASDAQ Global Select
-$0.03 today
Vol 2.25M · Avg 4.67M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$645.6M of revenue converted into $113.8M of net income for the selected period. Gross margin is 82.4% and net margin is 17.3%, showing how much revenue survives after costs and taxes. EPS is $0.60, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $613.7M +56.7% | $391.5M +43.7% | $272.5M +20.9% | $225.4M -14.8% | $264.5M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $41.6M -69.6% | $137.0M +24.7% | $109.8M -6.4% | $117.4M -14.1% | $136.7M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $572.1M +124.8% | $254.5M +56.5% | $162.7M +50.6% | $108.0M -15.5% | $127.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 93.2% +28.2pp | 65.0% +5.3pp | 59.7% +11.8pp | 47.9% -0.4pp | 48.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 -100.0% | $106.7M +45.2% | $73.5M -6.5% | $78.6M -28.7% | $110.2M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $289.6M +151.2% | $115.3M +39.1% | $82.9M -5.4% | $87.6M -20.5% | $110.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $10.5M +23.0% | $8.6M -8.9% | $9.4M +4.1% | $9.0M +573.2% | $1.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $292.1M +93.3% | $151.1M +47.7% | $102.3M +244.4% | $29.7M +56.4% | $19.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 47.6% +9.0pp | 38.6% +1.0pp | 37.6% +24.4pp | 13.2% +6.0pp | 7.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $282.5M +102.8% | $139.3M +74.5% | $79.8M +291.2% | $20.4M +15.5% | $17.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 46.0% +10.5pp | 35.6% +6.3pp | 29.3% +20.2pp | 9.1% +2.4pp | 6.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $257.7M | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $73.5M +21.0% | $60.8M +29.5% | $47.0M +151.5% | $18.7M +1.6% | $18.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$74.5M -29.5% | -$57.5M -70.1% | -$33.8M -84.0% | -$18.4M -1416.9% | $1.4M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $208.0M +154.4% | $81.8M +77.8% | $46.0M +2163.7% | $2.0M -89.3% | $19.1M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 33.9% +13.0pp | 20.9% +4.0pp | 16.9% +16.0pp | 0.9% -6.3pp | 7.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $36.1M +76.7% | $20.4M +57.2% | $13.0M +202.8% | $4.3M -1.7% | $4.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $171.4M +182.3% | $60.7M +86.5% | $32.6M +1589.3% | -$2.2M -114.9% | $14.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 27.9% +12.4pp | 15.5% +3.6pp | 11.9% +12.9pp | -1.0% -6.5pp | 5.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +155.3% | $0 +81.0% | $0 +1568.5% | -$0 -114.3% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +155.6% | $0 +71.4% | $0 +1568.5% | -$0 -115.2% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $176.8M +10.3% | $160.3M +1.8% | $157.4M +2.9% | $153.0M +4.1% | $147.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $187.2M +10.8% | $168.9M +4.4% | $161.8M +5.8% | $153.0M -1.7% | $155.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector

Atlanticus Holdings Corporation
NASDAQ:ATLC
$1.40B

Oppenheimer Holdings Inc.
NYSE:OPY
$1.10B

Southside Bancshares, Inc.
NYSE:SBSI
$1.02B

Employers Holdings, Inc.
NYSE:EIG
$1.02B

Esquire Financial Holdings, Inc.
NASDAQ:ESQ
$998.89M
American Bitcoin Corp
NASDAQ:ABTC
$948.00M

SLR Investment Corp.
NASDAQ:SLRC
$693.39M
Qudian Inc.
QD
$528.40M

LexinFintech Holdings Ltd.
NASDAQ:LX
$357.57M
Gemini Space Station, Inc. Class A Common Stock
NASDAQ:GEMI
$207.57M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does TIGR generate?
UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR) reported $613.68M of revenue in fiscal 2025.
Is TIGR profitable?
UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR) reported $171.45M of net income, with a net margin of 27.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.