Brokerage firm UP Fintech beats Q3 revenue estimates

UP Fintech Holding

04/12/2025 08:27

Overview

UP Fintech Q3 revenue grows 73.3% yr/yr, beating analysts' expectations

Adjusted earnings per ADS beats consensus, reflecting operational performance

Company added 31,500 new customers with deposits, with strong growth in Singapore and Hong Kong

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

REVENUE GROWTH - Co attributes revenue increase to growth in commission, interest income, and other revenue streams

USER QUALITY AND PRODUCT DIVERSIFICATION - Co says high ARPU and profitability sustained by focus on user quality and product diversification

ASSET INFLOW - Co reports robust asset inflow driven by retail investors and new customer additions in Singapore and Hong Kong

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$175.20 mln
$128.15 mln (1 Analyst)
Q3 Adjusted Earnings Per ADS
Beat
$0.307
$0.26 (1 Analyst)
Q3 Adjusted Net Income
$57 mln
Q3 Net Income
$53.82 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for UP Fintech Holding Ltd is $16.04, about 85.2% above its December 3 closing price of $8.66

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX69VHzX

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)