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Mar 31
UP Fintech Q1 2025 Earnings Report
UP Fintech reported strong Q1 2025 results with significant growth in revenue and net income.
Key Takeaways
UP Fintech delivered a solid Q1 2025 performance with total revenue reaching $122.6 million, up 55.3% year-over-year. Net income rose sharply to $30.4 million, supported by gains in commissions and interest income. Customer metrics also improved significantly, with new deposit customers and account balances hitting record highs.
Revenue increased 55.3% YoY to $122.6 million.
Net income attributable to shareholders rose to $30.4 million, a 146.7% YoY increase.
Total account balance reached $45.9 billion, up 39.5% YoY.
Non-GAAP EPS rose to $0.198, compared to $0.092 in Q1 2024.
UP Fintech
UP Fintech
UP Fintech Revenue by Segment
Revenue by Segment
Commissions Revenue
CapyFin.comFinancing Service Fees Revenue
CapyFin.comInterest Income Revenue
CapyFin.comOther Revenues Revenue
CapyFin.com Forward Guidance
UP Fintech reaffirmed its strong market position and continued user growth trajectory, with plans for enhanced features and platform expansion.
Positive Outlook
- Achieved 40% of annual new deposit customer target in Q1.
- Strong net asset inflows totaling $3.4 billion.
- New crypto features and DVP functionality for Hong Kong clients.
- Tiger AI enhancements for portfolio analysis and strategy suggestions.
- Growth in corporate business with 4 IPOs underwritten and 20 new ESOP clients.
Challenges Ahead
- Slight quarter-over-quarter revenue decline (−1.2%).
- Financing service fees declined due to lower disclosed account balances.
- Other income declined to −$1.34 million from +$3.6 million in prior year.
- High marketing expenses impacted cost structure (+147.5% YoY).
- Execution and clearing expenses surged due to volume increases.