TIGR UP Fintech Holding Limited
Price Chart
Executive Summary
UP Fintech reported Q1 2026 revenue of $154.9M (+26.3% YoY) but swung to a GAAP net loss of $26.9M vs net income of $30.4M a year ago, driven by a $59.7M CSRC penalty for unlicensed cross-border securities business. The company also announced a $50M share repurchase program. The headline loss overshadows solid revenue growth and record net asset inflows of $2.9B.
Actionable Insight
The CSRC penalty is a one-time event but signals ongoing regulatory risk in China. The $50M buyback (5% of market cap) provides a floor, but the swing to a loss and declining cash position warrant caution. Monitor Q2 for client asset recovery and expense discipline.
Key Facts
- Q1 2026 total revenue $154.9M, +26.3% YoY, -11.8% QoQ
- GAAP net loss attributable to UP Fintech $26.9M vs net income $30.4M YoY
- Non-GAAP net loss $23.8M vs non-GAAP net income $36.0M YoY
- CSRC penalty of ~RMB 411M ($59.7M) recognized in Q1 results
- Net loss per ADS - diluted $0.151 vs net income per ADS $0.166 YoY
- Total funded accounts 1,282,800, +11.3% YoY
- Net asset inflows $2.9B in Q1, first time above $2B from retail accounts
- Total client assets $58.9B, +28.4% YoY, -3.2% QoQ due to market pullback
- Board approved $50M share repurchase program over 12 months from June 1, 2026
- Cash and equivalents $598.1M, down from $793.1M at Dec 31, 2025
Financial Impact
CSRC penalty of ~$59.7M drove the net loss; revenue growth of 26.3% YoY was offset by a 32.9% increase in operating costs
Risk Factors
- Further regulatory actions from Chinese authorities
- Operating cost growth outpacing revenue growth
- Declining cash reserves from $793M to $598M
- Market volatility impacting client assets and trading volumes
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3304878 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
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Institutional Cluster
| $4.87 awaiting T+1 | awaiting T+1 | — | $4.77 (+2.05%) |
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Jun 2, 2026
13d ago
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Press Release
| $4.97 $4.67 | ▲ +6.04% | ▲ +5.31% | $4.77 (+4.02%) |
|
May 22, 2026
23d ago
|
6-K
| $4.36 $5.01 | ▼ −14.91% | ▼ −14.32% | $4.77 (−9.40%) |
|
May 21, 2026
25d ago
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Press Release
| $5.84 $4.36 | ▼ −25.34% | ▼ −25.79% | $4.77 (−18.32%) |
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Mar 19, 2026
12w ago
|
Press Release
| $6.83 $6.57 | ▼ −3.81% | ▼ −2.07% | $4.77 (−30.16%) |
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Mar 6, 2026
14w ago
|
Press Release
| $7.20 $7.31 | ▲ +1.53% | ▲ +0.68% | $4.77 (−33.75%) |
US Market Status
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