Singapore's UP Fintech Q4 revenue tops estimates on higher trading volume
Overview
Singapore online brokerage's Q4 revenue grew 41.5% yr/yr, adjusted EPS also increased
Q4 net income rose 61.3% yr/yr, driven by higher trading volume and asset inflows
Operating costs increased due to global headcount and higher marketing spending
Outlook
UP Fintech targets 150,000 new funded clients in 2026, prioritizing user quality
Result Drivers
TRADING VOLUME - Co said higher trading volume drove increases in commissions and interest income
ASSET INFLOWS - Robust net asset inflows supported growth in total account balances
WEALTH MANAGEMENT & IPO REVENUE - Higher wealth management service and IPO distribution income boosted other revenues
Company press release: ID:nGNX4ZVPYz
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $175.60 mln | $154.20 mln (2 Analysts) |
Q4 Adjusted Earnings Per ADS | Beat | $0.26 | $0.25 (2 Analysts) |
Q4 Adjusted Net Income |
| $48.90 mln |
|
Q4 Net Income |
| $45.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for UP Fintech Holding Ltd is $16.33, about 131.6% above its March 18 closing price of $7.05
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago
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