NASDAQ:TIGR

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UP Fintech Falls 2% Despite Strong Revenue Growth and Record Client Assets

Shares of UP Fintech Holding (NASDAQ: TIGR) fell about 2% despite the company reporting strong first-quarter results highlighted by double-digit growth in revenue, client assets, and trading activity.

Revenue increased 26.3% year-over-year to $154.9 million, while operating income rose 17.5% to $47.6 million. Total client assets reached a record $58.9 billion, up 28.4%, supported by net asset inflows of $2.9 billion during the quarter.

Business activity remained robust, with total trading volume surging 49% year-over-year to $323.9 billion and funded accounts growing 11.3% to 1.28 million. The company added nearly 29,000 funded accounts during the quarter.

International operations continued to perform well, particularly in Singapore and Hong Kong, while TigerAI saw rapid adoption. The company's AI platform recorded a nearly fivefold increase in user conversations and was upgraded to a multi-agent architecture during the quarter.

UP Fintech also reported strong growth in its wealth management, investment banking, and corporate services businesses, helping diversify revenue streams beyond traditional brokerage activity. Other revenue increased 161.4% year-over-year.

Despite the strong results across nearly all key operating metrics, the stock traded modestly lower following the earnings release. Nevertheless, the report demonstrated continued momentum in client acquisition, asset growth, international expansion, and AI-driven product development.
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Author
The Investor 06-02-26