Tiger Brokers, the retail trading brand of UP Fintech Holding Limited (NASDAQ: TIGR), reported its unaudited financial results for the second quarter ended June 30, 2025. The company serves global investors.

The company reported total revenue of US$138.7 million, up 59% year-over-year. Net income attributable to ordinary shareholders reached US$41.4 million, a significant increase from US$2.6 million in the same period last year. Non-GAAP net income was US$44.5 million.

UP Fintech Adds 40,000 New Customers

“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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term,” UP Fintech’s founder and CEO, Wu Tianhua, stated.

During the quarter, UP Fintech added nearly 40,000 new customers with deposits, bringing the total to about 1.19 million, a 21% increase year-over-year.

You may find it interesting at FinanceMagnates.com: UP Fintech's Customer Base with Deposits Surges 21% in 2024, Surpassing 1 Million Mark.

Net asset inflows amounted to US$3 billion, primarily from retail investors, while total account balances reached US$52.1 billion, up 36% from the same quarter last year. The firm reported strong client asset growth in Hong Kong and Singapore, where average net asset inflows of new clients reached around US$30,000.

Singapore Launches CPF and SRS Trading

In product updates, the company launched Central Provident Fund and Supplementary Retirement Scheme account trading in Singapore, allowing eligible clients to invest retirement funds in approved financial products with tax benefits.

In its corporate segment, UP Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term underwrote seven Hong Kong IPOs and four U.S. IPOs in the quarter, acting as sole bookrunner for two U.S. IPOs. The company’s ESOP business added 30 new clients, bringing the total served to 663.