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Jun 30
UP Fintech Q2 2025 Earnings Report
UP Fintech delivered record-breaking results in Q2 2025, driven by strong trading volume, net asset inflows, and growing customer base.
Key Takeaways
UP Fintech reported $121.4M in net revenue and $41.4M in net income for Q2 2025, supported by increased user activity, asset inflows, and expansion across markets.
Net revenue reached $121.4 million, up 64.4% year-over-year.
Net income attributable to shareholders surged to $41.4 million.
The company added 39,800 new customers with deposits, reaching 1.19 million total.
Total account balance hit a record $52.1 billion, supported by $3B in net inflows.
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
The company expects continued growth through expansion in Singapore and Hong Kong, further user acquisitions, and rollout of new features.
Positive Outlook
- User growth on track to exceed full-year target of 150,000 new deposit clients.
- Strong average net asset inflow per new client, exceeding $20,000.
- New trading features for CPF and SRS accounts launched in Singapore.
- Corporate business gained momentum with multiple IPO mandates.
- Marketing efficiency improved by pruning low-ROI acquisition channels.
Challenges Ahead
- Financing service fees slightly declined year-over-year due to lower interest rates.
- Increased marketing and compensation expenses impacted operating costs.
- Operating margin could face pressure from rising tech and data costs.
- Competition in Asia-Pacific fintech space remains intense.
- FX fluctuations could affect future foreign market contributions.