Up Fintech Holding Limited cash flow statement TIGR

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Up Fintech Holding Limited generated $1.3 billion of cash from operations, up 59.0% from the year before. It spent $5.5 million on capital expenditures. That left free cash flow of $1.3 billion.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019
Operating
Depreciation and amortization	3 +10.3%	3 -7.5%	3 +3.3%	3 +105.3%	1 +44.2%	1 +23.4%	1
Operating cash flow	1,317 +59.0%	828 +12709.4%	-7 -102.5%	258 -37.5%	413 -22.8%	535 +120.0%	243
Investing
Capital expenditures	5 +253.0%	2 -43.8%	3 -43.5%	5 -1.6%	5 +407.9%	1 -25.8%	1
Investing cash flow	-6 +33.6%	-9 -11.7%	-8 -114.6%	-4 -133.1%	11 -74.9%	44 +297.6%	-22
Financing
Debt repaid	—	—	—	—	—	—	1
Stock buybacks	—	—	—	—	—	2	—
Financing cash flow	-3 -102.8%	104 +5603.5%	2 -61.5%	5 -98.6%	331 +4055.0%	-8 -107.3%	115
Change in cash
Effect of exchange rate	27 +673.8%	-5 -33.5%	-3 +19.8%	-4 -152.2%	-2 -783.5%	-0 -525.8%	0
Free cash flow	1,311 +58.7%	826 +8957.4%	-9 -103.7%	253 -38.0%	408 -23.6%	534 +120.8%	242
Per share
Free cash flow per share	0.47 +43.2%	0.33 +8584.0%	-0.00 -103.5%	0.11 -36.9%	0.17 -29.3%	0.25	—
Shareholder returns
Returned to shareholders	—	—	—	—	—	2	—
Share of free cash flow	—	—	—	—	—	0.41%	—
Ratios
Free cash flow margin	214.23%	211.07%	-3.42%	112.34%	154.35%	385.79%	412.51%
Capital expenditures to revenue	0.90%	0.40%	1.01%	2.17%	1.88%	0.71%	2.25%
Cash conversion	7.68x	13.50x	-0.20x	—	28.13x	27.91x	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Security Brokers, Dealers & Flotation Companies (SIC 6211)
Listed as: TIGR (Nasdaq)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: Beijing
SEC filer status: Large accelerated filer
SEC CIK: 1756699

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.