Up Fintech: Record-high Quarterly And Full-year Revenue And Profit Q4 Net Income Up Nearly 28x Yoy Global Client Assets Reach Us41.7 Billion

UP Fintech Holding Limited NASDAQ: TIGR UP Fintech or the Company, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024 . In the fourth quarter, the Company achieved a revenue of US124.1 million , up 77.3 year-over-year YoY, while full-year revenue reached US391.5 million , a 43.7 YoY increase-both setting new record highs. Non-GAAP net income attributable to UP Fintech shareholders was US30.5 million for the quarter, up 51.7 quarter-over-quarter QoQ and 2772.5 YoY, marking a record high. Full-year non-GAAP net income attributable to UP Fintech shareholders grew 65 YoY to US70.5 million , reaching another record.

During the fourth quarter, UP Fintech added 81,300 new account openings globally, up 70.1 YoY, bringing the total number of global accounts to 2.4 million. During the quarter, the company added 59,200 new funded clients, marking a 51.4 YoY increase. For the full year 2024, UP Fintech added 187,400 new funded accounts, exceeding its annual guidance. As of the end of 2024, total funded clients reached 1,092,000, up 20.7 YoY. Supported by active market trading in the fourth quarter, total trading volume of the Company increased 142.2 YoY to US198 billion . Net asset inflows from both individual and institutional clients reached US1.1 billion during the quarter, while total client assets grew 36.4 YoY to a record high of US41.7 billion .

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UP Fintechs founder and CEO, Wu Tianhua , stated, Over the past year, we achieved strong growth across all business lines, with record-high revenue and profitability in both Q4 and full-year 2024-Q4 non-GAAP net income attributable to UP Fintech shareholders was nearly 28 times higher than the prior year. Over the past three years, funded clients and total client assets have achieved CAGRs of 17.5 and 34.7 respectively, demonstrating our deepening market penetration and the continued trust and support of our global clients-key drivers of our long-term success.