UP Fintech Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	252.31	203.07	161.47	93.05	79.6	38.33
Total Interest Expense	71.05	60.8	46.96	18.67	18.38	10.1
Net Interest Income	181.25	142.26	114.51	74.38	61.23	28.23
Brokerage Commission	251.97	159.05	92.59	108.12	147.2	77.63
Other Revenue	56.32	29.43	18.44	24.19	37.69	22.54
Revenue	489.54	330.74	225.55	206.7	246.11	128.39
Revenue Growth (YoY)	76.50%	46.64%	9.12%	-16.01%	91.68%	135.32%
Salaries & Employee Benefits	154.01	122.37	100.75	101.75	87.16	50.04
Cost of Services Provided	146.6	129.91	91.95	103.21	141.37	57.32
Total Operating Expenses	300.6	252.27	192.7	204.96	228.53	107.36
Operating Income	188.93	78.46	32.85	1.73	17.58	21.03
Other Non-Operating Income (Expenses)	2.55	3.75	13.57	1.54	-2.72	1.15
EBT Excluding Unusual Items	191.48	82.21	46.42	3.27	14.86	22.18
Gain (Loss) on Sale of Investments	-0.45	-0.45	-0.43	-1.24	-	-0.15
Other Unusual Items	-	-	-	-	4.19	-
Pretax Income	191.03	81.76	45.99	2.03	19.05	22.03
Income Tax Expense	36.69	20.41	12.99	4.29	4.36	2.85
Earnings From Continuing Ops.	154.34	61.35	33.01	-2.26	14.69	19.18
Minority Interest in Earnings	-0.63	-0.63	-0.44	0.07	-	-3.11
Net Income	153.72	60.73	32.56	-2.19	14.69	16.06
Net Income to Common	153.72	60.73	32.56	-2.19	14.69	16.06
Net Income Growth	398.40%	86.49%	-	-	-8.55%	-
Shares Outstanding (Basic)	175	160	155	153	147	141
Shares Outstanding (Diluted)	185	169	162	153	156	144
Shares Change (YoY)	13.47%	4.40%	5.76%	-1.74%	8.02%	23.43%
EPS (Basic)	0.88	0.38	0.21	-0.01	0.10	0.11
EPS (Diluted)	0.82	0.37	0.21	-0.01	0.08	0.11
EPS Growth	328.15%	77.02%	-	-	-33.45%	-
Free Cash Flow	-	826.42	-9.33	253.17	408.24	534.3
Free Cash Flow Per Share	-	4.89	-0.06	1.66	2.62	3.71
Operating Margin	38.59%	23.72%	14.56%	0.84%	7.14%	16.38%
Profit Margin	31.40%	18.36%	14.44%	-1.06%	5.97%	12.51%
Free Cash Flow Margin	-	249.87%	-4.14%	122.48%	165.88%	416.14%
Effective Tax Rate	19.20%	24.96%	28.23%	211.08%	22.90%	12.94%
Revenue as Reported	560.59	391.54	272.51	225.37	264.49	138.5

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.