UP Fintech Q1 Earnings Call Highlights

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MarketBeat

Tue, June 2, 2026 astatine 8:13 AM CDT 7 min read

Key Points

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UP Fintech’s Q1 gross and operating nett rose 26.3% and 17.5% twelvemonth implicit year, respectively, to $155 cardinal and $47.6 million. However, a one-time regulatory punishment of astir RMB 411 cardinal pushed the institution to a nett nonaccomplishment of $26.9 million.
The institution continued to turn its idiosyncratic basal and assets, adding 28,900 caller funded accounts and ending the 4th with 1.28 cardinal funded accounts. Client assets reached $58.9 billion, supported by $2.9 cardinal successful nett plus inflows, adjacent though marketplace volatility caused impermanent mark-to-market losses.
Management said caller mainland China rules are industry-wide and not targeted specifically astatine UP Fintech, and that the institution has already completed required rectification steps. It besides maintained its full-year caller funded relationship guidance and authorized a $50 cardinal stock repurchase program.

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UP Fintech (NASDAQ:TIGR) reported higher first-quarter gross and operating profit, portion a one-time regulatory punishment drove the online brokerage to a quarterly nett loss.

Chairman and CEO Tianhua Wu said full gross for the archetypal 4th of 2026 reached $155 million, up 26.3% from a twelvemonth earlier, supported by “diversified offering and dependable enlargement of halfway operations.” Operating nett roseate 17.5% twelvemonth implicit twelvemonth to $47.6 million, according to Wu.

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The company, which operates the Tiger Brokers platform, added 28,900 caller funded accounts during the quarter, with Singapore and Hong Kong described arsenic the superior contributors. Total funded accounts reached 1.28 cardinal astatine quarter-end, an 11.3% summation from the anterior year.

Client Assets Rise Year Over Year Despite Market Losses

Wu said UP Fintech recorded $2.9 cardinal successful nett plus inflows during the quarter. Net plus inflow from retail users nether consolidated accounts exceeded $2 cardinal for the archetypal clip successful the company’s history, which Wu said reflected betterment successful idiosyncratic prime and lawsuit profile.

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Market turbulence, however, produced $4.9 cardinal successful mark-to-market losses connected lawsuit assets during the archetypal quarter. Total lawsuit assets ended the 4th astatine $58.9 billion, down 3.2% sequentially but up 28.4% twelvemonth implicit year.

Management said those first-quarter mark-to-market losses had been afloat recovered connected a quarter-to-date ground successful the 2nd quarter, arsenic the Nasdaq rebounded. The institution besides said lawsuit assets accrued 4th implicit 4th crossed overseas markets, with U.S. lawsuit assets rising astir 40% and Australia, New Zealand and Hong Kong posting precocious single-digit and double-digit growth.

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