just now
Online brokerage and technology-driven financial platform UP Fintech Holding Limited (NASDAQ: TIGR), which operates under the Tiger Brokers brand, has reported record second-quarter results driven by strong performance across its trading and wealth management products.
The company posted total revenue of US$138.7 million for the quarter ended 30 June 2025, up 58.7% year-on-year. Non-GAAP net income attributable to shareholders reached US$44.5 million, an almost eightfold increase from the same period last year and 23.5% higher than the previous quarter. Trading volume rose 168.3% year-on-year to US$284 billion.
The Tiger brand continues to expand globally, adding 52,700 new accounts in Q2, bringing total accounts to 2.58 million. Funded accounts reached 1.19 million, up 21.4% year-on-year. Net inflows of US$3 billion lifted total client assets to a record US$52.1 billion, up 13.5% quarter-on-quarter..
Wu Tianhua, Founder & CEO,
UP Fintech Holding Limited / Tiger Brokers
"In Q2, we delivered strong growth in both revenue and profit. Non-GAAP net profit surged eightfold YoY, hitting a record high. Remarkably, in just the first half of 2025, our operating profit, net income, and non-GAAP net income have already surpassed full-year 2024 levels, underscoring our solid profitability and operating leverage. At the same time, Tiger continues to gain trust from quality clients—average net asset inflows from new clients in Q2 exceeded US$20,000, a record high. In Hong Kong and Singapore, the figure reached about US$30,000, driving client assets in the two markets up approximately 50% and 20% QoQ, respectively. This lays a solid foundation for sustainable growth throughout the year." – Wu Tianhua, Founder And Chief Executive Officer At UP Fintech Holding Limited
Tiger Trade, the firm’s flagship trading app, is seeing growing adoption. In Singapore, Tiger maintained its leadership in the tech brokerage market. Q2 trading volume climbed 113% year-on-year and 80% quarter-on-quarter, while orders and commissions hit record highs. The Tiger BOSS Debit Card, Singapore’s first card rewarding everyday spending with fractional shares, expanded its merchant network to over 50 partners and raised the annual transaction limit to S$100,000. It also broadened its rewards to include the US “Magnificent Seven” stocks and popular ETFs such as VOO and QQQ. Tiger Brokers Singapore further deepened ties with Singapore Exchange (SGX) through a talent partnership to train wealth management professionals.
In Hong Kong, Tiger posted standout gains. Trading volume soared nearly eightfold year-on-year and 122% quarter-on-quarter. Futures and crypto trading also increased sharply, and cash management product Tiger Vault gained traction, with assets under custody up almost sixfold year-on-year and user numbers up 1.6x. Tiger Brokers Hong Kong actively engaged in investor education, hosting offline events and exhibitions to strengthen client relationships.
In Singapore, trading volumes rose 113% year-on-year, with record orders and commissions. The Tiger BOSS Debit Card gained traction, offering fractional share rewards. In Hong Kong, total trading volume surged nearly eightfold and cash management product Tiger Vault saw assets under custody rise almost sixfold. In the U.S., the TradeUP platform increased average client assets by 33.2% quarter-on-quarter and options trading grew 163.4%.
In the U.S., TradeUP, UP Fintech’s platform, delivered growth with client assets rising 33.2% quarter-on-quarter and options trading volume up 163.4%. TradeUP participated in four IPO underwritings, including the CHAGEE listing.
Australia and New Zealand also showed momentum. In Australia, account openings grew 62.6% quarter-on-quarter, client assets rose 34%, and Tiger Brokers Australia won the 2025 Canstar “Outstanding Value Award – Share Trading Platform in Active Investor”. In New Zealand, funded accounts and trading volumes climbed significantly, with US stock and options orders both more than doubling year-on-year.
TigerAI, the firm’s AI-powered research assistant, more than tripled its user base compared to the same period last year. The tool introduced new features such as portfolio analysis, watchlist insights, and stock-specific assessments, along with AI-driven news tracing and preference memory. Fundamental analysis tools were also enhanced with valuation tracking, revenue and expenditure breakdowns and earnings move indicators.
The company’s wealth management and structured products business also expanded, with Tiger Vault assets more than doubling year-on-year. High-net-worth clients holding over US$1 million in assets increased 34.9% quarter-on-quarter, reflecting a wider adoption of its advisory and investment solutions. Its Turnkey Asset Management Platform grew strongly among financial advisers and external asset managers.
Investment banking also contributed, with UP Fintech underwriting seven Hong Kong IPOs and four US IPOs, including high-profile deals such as CHAGEE, ranking third among underwriters of US-listed Chinese issuers in Q2. Wealth management assets rose 225% year-on-year, while structured notes and its Turnkey Asset Management Platform recorded strong client growth.
