UP Fintech Holding Limited celebrated a remarkable third-quarter performance in 2025, posting record revenues of US$175.2 million and nearly tripling its net income year over year. The online brokerage firm also expanded its global reach, particularly in Singapore and Hong Kong, while unveiling new product offerings and enhancements in wealth management and digital assets.
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UP Fintech Holding Limited Reports Unaudited Third Quarter 2025 Financial Results
Key Takeaways:
- Total revenues rose 73.3% year over year to US$175.2 million
- GAAP net income hit US$53.8 million, almost triple last year’s Q3
- Non-GAAP net income reached US$57.0 million, up 28.2% sequentially
- 31,500 new funded customers joined this quarter, boosting global presence
- Total account balance climbed to a record US$61.0 billion
Financial Performance
UP Fintech Holding Limited reported a strong set of financial results for the third quarter ended September 30, 2025. Total revenues reached US$175.2 million, marking a 73.3% increase year over year and a 26.3% jump from the previous quarter. According to Chairman and CEO Wu Tianhua, “Commission income, interest income, and other revenue all saw impressive growth both sequentially and year over year, each setting new record highs.”
The company’s net income attributable to ordinary shareholders climbed to US$53.8 million in the third quarter, representing nearly a threefold increase compared to the same period last year. On a non-GAAP basis, net income attributable to ordinary shareholders stood at US$57.0 million, an increase of 28.2% quarter over quarter.
Table: Q3 2025 Key Financials (YoY Growth)
| Metric | Q3 2025 Value | Growth Year over Year |
|---|---|---|
| Total Revenue | US$175.2M | +73.3% |
| GAAP Net Income | US$53.8M | ~3x |
| Non-GAAP Net Income | US$57.0M | ~2.8x |
Customer and Asset Growth
UP Fintech added 31,500 new customers with deposits in the third quarter, with Singapore and Hong Kong representing around 40% of the new funded clients. By the end of Q3, the company’s total number of customers with deposits rose to 1,224,200, up 18.5% from the same period last year. Simultaneously, total account balance increased 49.7% year over year to a record US$61.0 billion. Retail investors were a primary driver of this growth, along with the strong mark-to-market gains seen during the period.
Product Expansion and Diversification
The quarter also saw the firm expanding its product offerings in digital assets by launching digital asset trading in New Zealand. According to the report, this move enables local users to trade spot cryptocurrency on UP Fintech’s platform. Additionally, the firm introduced enhanced market insights for digital assets, along with “Tiger AI” upgrades for wealth management, including the TradingFront AI function to assist advisors in portfolio analysis and client recommendations.
Corporate Moves
In corporate underwriting, UP Fintech participated in multiple U.S. and Hong Kong IPOs, including sole bookrunner roles for several new listings. It added 46 new ESOP (Employee Stock Ownership Plan) clients, for a total of 709 at the end of the quarter. These initiatives underscore UP Fintech’s drive to diversify its offerings and strengthen its position as a leading global fintech innovator.
Outlook
Despite shifting market conditions, UP Fintech’s leadership expressed confidence in the company’s continued ability to attract new customers and deliver innovative solutions. They highlighted the success of ongoing expansions in emerging markets, especially in digital assets and wealth management services. Combined with strong margin financing activities and a focus on user quality, UP Fintech expects to maintain momentum heading into the final quarter of 2025 and beyond.
