**UP Fintech Reports Q1 2026 Results**
UP Fintech (NASDAQ:TIGR) announced a first-quarter 2026 total revenue of $155 million, reflecting a year-over-year increase of 26.3%. Operating profit also grew to $47.6 million, up 17.5% from the same period last year. However, the company reported a net loss of $26.9 million, attributed to a one-time regulatory penalty of approximately RMB 411 million. Despite this, new funded accounts increased by 28,900, bringing the total to 1.28 million, a rise of 11.3% year-over-year, with significant contributions from Singapore and Hong Kong.
**Client Assets and Market Impact**
During the quarter, UP Fintech experienced $2.9 billion in net asset inflows, with retail users surpassing $2 billion for the first time in company history. Total client assets stood at $58.9 billion, marking a 28.4% year-over-year rise despite $4.9 billion in mark-to-market losses due to market fluctuations. Management has indicated that these losses have since been recovered in the second quarter as the Nasdaq rebounded.
**Strategic Outlook and Growth Initiatives**
The company’s leadership maintains its full-year guidance for new funded accounts, emphasizing user quality as a key performance measure. Ongoing market expansion strategies will prioritize continued growth in primary regions such as Singapore, Hong Kong, and New Zealand. Additionally, UP Fintech’s board approved a share repurchase program of up to $50 million for the upcoming year.
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