UP Fintech Shares Up In Pre-Market Trade On Higher Q1 Results - Update

(RTTNews) - Shares of UP Fintech Holding Ltd. (TIGR) are up 4 percent on Friday's pre-market trading on the Nasdaq, after the online brokerage firm reported a 147 percent surge in its first-quarter profit, helped partly by increased investments in R&D. Quarterly total revenues also rose 53 percent from the year-ago quarter.

In the first quarter of 2025, the company posted net income attributable to shareholders of $30.42 million, or $0.166 per American Depository share or ADS, higher than last year's $12.33 million, or $0.077 per ADS.

Adjusted income was $36.04 million or $0.198 per ADS, compared to $14.7 million or $0.092 per ADS in the prior-year quarter.

During the three-month period, total revenues were up 53 percent to $122.6 million from $78.9 million in the first quarter of 2024. The company's net revenue for the period rose 67.7 percent to $107.57 million from $64.16 million last year.

Interest income came in at $53.8 million during the first quarter, up 23 percent from last-year quarter's $43.8 million.

On the Nasdaq, the stock is up 4 percent on Friday's pre-market trading at $8.85. TIGR closed Thursday's regular trading at $8.43, down 1.2 percent.