UP Fintech (TIGR) reported record total revenue for the second quarter of 2026, significantly outperforming analyst estimates. Following a regulatory-driven loss in the first quarter, the company returned to profitability as brokerage commission income surged 21% year-over-year. Robust international expansion in Singapore and Hong Kong, combined with strong U.S. trading activity, drove total client assets to an all-time high of $60.7 billion.
Key Highlights
- Total revenue hit a record $182.3 million, up 31.4% year-over-year, driven by a rebound in trading volumes and higher interest income.
- Brokerage commission income reached $78.3 million, while interest income jumped 36% to $79.8 million due to increased margin financing activity.
- Total client assets climbed 16.7% year-over-year to $60.7 billion, supported by $1.5 billion in net asset inflows from overseas retail users.
- Operating expenses rose 46.5% to $103.9 million, primarily due to higher marketing spend and one-time severance costs for business line optimization.