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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	170.9	60.73	32.56	-2.19	14.69
Depreciation & Amortization, Total	2.89	2.62	2.84	2.75	1.34
Gain (Loss) On Sale of Investments	-3.17	-10.41	-16.15	1.95	-0.51
Stock-Based Compensation	15.61	9.74	10.15	14.21	13.37
Change in Accounts Receivable	-457.89	-2,078	306.11	-57.38	-374.87
Change in Accounts Payable	1,510	2,461	-106.95	454.7	757.57
Change in Other Net Operating Assets	89.79	5.23	5.73	4.88	3.41
Other Operating Activities	-6.21	0.01	9.32	-1.27	-0.3
Operating Cash Flow	1,317	827.98	-6.57	258.06	413.2
Capital Expenditures	-5.48	-1.55	-2.76	-4.89	-4.97
Cash Acquisitions	-	-	-	-	4.75
Investment in Securities	0.47	-7.38	-4.65	1.83	13.18
Other Investing Activities	-1.12	0.28	-0.34	-0.55	-2.12
Investing Cash Flow	-5.75	-8.66	-7.75	-3.61	10.92
Long-Term Debt Issued	-	-	-	-	154.91
Net Debt Issued (Repaid)	-	-	-	-	154.91
Issuance of Common Stock	0.1	104.66	0.14	0.37	177.19
Other Financing Activities	-3.03	-0.84	1.68	4.36	-1.22
Financing Cash Flow	-2.93	103.83	1.82	4.73	330.88
Foreign Exchange Rate Adjustments	26.64	-4.64	-3.48	-4.34	-1.72
Net Cash Flow	1,335	918.51	-15.97	254.84	753.29
Free Cash Flow	1,311	826.42	-9.33	253.17	408.24
Free Cash Flow Growth	58.66%	-	-	-37.98%	-23.59%
Free Cash Flow Margin	243.40%	249.87%	-4.14%	122.48%	165.88%
Free Cash Flow Per Share	7.00	4.89	-0.06	1.66	2.62
Cash Income Tax Paid	26.07	11.29	13.32	2.13	5.59