UP Fintech (TIGR) Reports Q2 2026 Earnings with Revenue Growth and Regional Expansion
UP Fintech Holding Limited reported strong financial results for the second quarter of 2026, driven by growth in commission and interest income. Total revenue reached $182.3 million, reflecting a year-over-year increase of 31.4% and a quarterly rise of 17.7%. GAAP net income improved significantly to $39.4 million from a first-quarter loss of $26.9 million, while non-GAAP net income rose by 20% quarter over quarter after excluding the impact of a one-time penalty. The company saw notable growth in new funded accounts and client assets, with total client assets reaching $60.7 billion as of June 30, up 16.7% year-over-year. Over 70% of new account additions came from Singapore and Hong Kong, supporting the asset increase. Marketing expenses rose sharply due to brand-building efforts in these regions. Management highlighted strategic shifts toward international markets amid regulatory changes affecting mainland China's contribution to revenue and client assets.
Tickers: $TIGR
Topics: client assets commission income interest income net income revenue