UP Fintech Holding Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	60.73	32.56	-2.19	14.69
Depreciation & Amortization, Total	2.62	2.84	2.75	1.34
Gain (Loss) On Sale of Investments	-10.41	-16.15	1.95	-0.51
Stock-Based Compensation	9.74	10.15	14.21	13.37
Change in Accounts Receivable	-2,078	306.11	-57.38	-374.87
Change in Accounts Payable	2,461	-106.95	454.7	757.57
Change in Other Net Operating Assets	5.23	5.73	4.88	3.41
Other Operating Activities	0.01	9.32	-1.27	-0.3
Operating Cash Flow	827.98	-6.57	258.06	413.2
Capital Expenditures	-1.55	-2.76	-4.89	-4.97
Cash Acquisitions	-	-	-	4.75
Investment in Securities	-7.38	-4.65	1.83	13.18
Other Investing Activities	0.28	-0.34	-0.55	-2.12
Investing Cash Flow	-8.66	-7.75	-3.61	10.92
Long-Term Debt Issued	-	-	-	154.91
Net Debt Issued (Repaid)	-	-	-	154.91
Issuance of Common Stock	104.66	0.14	0.37	177.19
Other Financing Activities	-0.84	1.68	4.36	-1.22
Financing Cash Flow	103.83	1.82	4.73	330.88
Foreign Exchange Rate Adjustments	-4.64	-3.48	-4.34	-1.72
Net Cash Flow	918.51	-15.97	254.84	753.29
Free Cash Flow	826.42	-9.33	253.17	408.24
Free Cash Flow Growth	-	-	-37.98%	-23.59%
Free Cash Flow Margin	249.87%	-4.14%	122.48%	165.88%
Free Cash Flow Per Share	4.89	-0.06	1.66	2.62
Cash Income Tax Paid	11.29	13.32	2.13	5.59

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