UP Fintech (TIGR) investor relations material

Executive summary

• Achieved total revenue of $155 million in Q1 2026, up 26.3% year-over-year, with operating profit of $47.6 million, but down 11.8% sequentially.

• Net loss attributable to shareholders was $26.9 million, mainly due to a one-time regulatory penalty.

• Onboarded 28,900 new funded accounts, with total funded accounts reaching 1.28 million, up 11.3% year-over-year.

• Net asset inflow was $2.9 billion, with retail user inflow exceeding $2 billion for the first time.

• Despite $4.9 billion mark-to-market losses due to market turbulence, total client assets grew 28.4% year-over-year to $58.9 billion.

Financial highlights

• Commission income was $67.2 million, up 15% year-over-year, but down 5% quarter-over-quarter.

• Interest income reached $64.5 million, up 20% year-over-year, down 10% quarter-over-quarter.

• Other revenues surged 161.4% year-over-year to $20.7 million, mainly from wealth management services.

• Operating profit was $47.5 million, up 17% year-over-year.

• Operating costs and expenses increased 32.9% year-over-year to $89.2 million, driven by higher compensation, marketing, and IT expenses.

Outlook and guidance

• Trading activity and commission income have increased in Q2 to date, with U.S. stock trading showing the most improvement.

• Client assets have fully recovered the $5 billion mark-to-market losses from Q1, and retail net asset inflow remains healthy.

• Expect total client assets to increase quarter-over-quarter, assuming stable market conditions.

• Confident in meeting full-year guidance and global expansion despite market volatility.

• Management expects the one-off regulatory penalty will not materially impact long-term business operations or development.