Up Fintech (TIGR) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, June 2, 2026 astatine 12:26 PM CDT 17 min read

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DATE

Thursday, March 19, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Tianhua Wu

• Chief Financial Officer — John Zeng

Full Conference Call Transcript

Mr. Wu volition marque remarks successful Chinese, which volition beryllium followed by English translation. Mr. Wu, delight spell up with your remarks.

Tianhua Wu: [Interpreted] Hello, everyone, and convey you for joining Tiger Brokers Fourth Quarter and Full Year 2025 Earnings Conference Call. In 2025, supported by maturation successful our idiosyncratic basal and lawsuit assets, continued enhancement of merchandise offerings and localization arsenic good arsenic supportive marketplace environment, we delivered a important betterment successful some fiscal and operating performance. Full twelvemonth full gross reached USD 612.1 million, up 56.3% compared with 2024. We are besides gladsome to spot further betterment connected profitability. For the afloat year, GAAP nett income attributable to Fintech was USD 170.9 cardinal and non-GAAP nett income was USD 186.5 million, some acceptable grounds high, up 81.4% and 164.7% year-over-year, respectively.

In the 4th quarter, full gross was USD 175.6 million, an summation of 41.5% year-over-year. Fourth 4th GAAP and non-GAAP nett income attributable to Fintech were USD 45.2 cardinal and USD 48.9 million, up 61.3% and 60.5% year-over-year, respectively. In the 4th quarter, we added 29,700 recently funded accounts arsenic the full fig of recently funded accounts reaching 161,900 for afloat twelvemonth 2025, surpassing our yearly people of 150,000. As of the extremity of 2025, full funded accounts surpassed 1.25 million, representing a 14.8% summation from the extremity of 2024. Year-to-date, we proceed to spot steadfast paying lawsuit growth. We people to get 150,000 caller funded clients successful 2026 portion prioritizing idiosyncratic quality. Our nett plus inflow remained strong.

For the afloat twelvemonth 2025, nett plus inflows exceeded USD 10 cardinal with implicit $3 cardinal of nett inflow successful the 4th fourth alone. Hong Kong was the largest contributor to our retail nett plus inflow successful the 4th quarter. Despite the interaction of mark-to-market losses connected lawsuit assets, full lawsuit assets astatine the extremity of 4th fourth remained unchangeable quarter-over-quarter. astatine USD 80.8 billion, up 45.7% year-over-year. We are precise pleased that implicit the past year, Tiger's level has continued to triumph the spot and designation of some caller and existing users crossed our markets and lawsuit assets successful each regions person accrued meaningfully.

In particular, lawsuit assets successful Singapore and the Australia and New Zealand marketplace delivered beardown double-digit and adjacent much than doubling year-over-year growth. Hong Kong was a standout. lawsuit plus determination much than tripled year-over-year. Even successful the 4th quarter, marked by a pullback successful the Hong Kong banal market, lawsuit assets from Hong Kong inactive accrued by much than 20% quarter-over-quarter. This show benefited from our continued concern successful the section lawsuit acquisition arsenic good arsenic the high-quality idiosyncratic basal successful Hong Kong. Notably, the prime of recently funded users continued to amended successful the 4th fourth successful Hong Kong with the mean nett plus inflow of recently acquired clients exceeding USD 43,000, reaching a historical high.