← UP Fintech Holding Ltd
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | ($7.9m) | ($43.2m) | ($6.6m) | $19.2m | $14.7m | ($2.3m) | $33.0m | $61.4m | $171.5m | $171.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($7.9m) |
($43.2m)
-445.04%
|
($6.6m)
+84.75%
|
$16.1m
+343.80%
|
$14.7m
-8.55%
|
($2.2m)
-114.88%
|
$32.6m
+1589.34%
|
$60.7m
+86.49%
|
$170.9m
+181.42%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($44.3m) | ($5.9m) | $19.2m | $14.7m | ($2.3m) | $33.0m | $61.4m | $171.5m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($1.1m) | — | $0 | — | ($129k) | ($98k) | ($4k) | $49k | — | |
| Depreciation, Depletion and Amortization | $342k | $474k | $752k | $928k | $1.3m | $2.7m | $2.8m | $2.6m | $2.9m | $2.9m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $15k | $15k | $15k | — | |
| Depreciation | $342k | $474k | $752k | $928k | $1.3m | $2.7m | $2.8m | $2.6m | $2.9m | $2.9m | |
| Amortization Cash Flow | — | — | — | — | — | $15k | $15k | $15k | $15k | — | |
| Amortization Of Intangibles | — | — | — | — | — | $15k | $15k | $15k | $15k | $15k | |
| Depreciation Amortization Depletion | — | — | — | — | — | $2.7m | $2.8m | $2.6m | $2.9m | $2.9m | |
| Deferred Income Tax Expense (Benefit) | — | ($1.9m) | ($6.2m) | $1.8m | ($662k) | ($1.3m) | $3.2m | $829k | ($1.7m) | ($1.7m) | |
| Deferred tax (benefit) expense | ($1.2m) | ($1.9m) | ($6.2m) | $1.8m | ($662k) | ($1.3m) | $3.2m | $829k | ($1.7m) | — | |
| Share-based Payment Arrangement, Expense | — | $34.2m | $4.1m | $6.1m | $13.4m | $14.2m | $10.1m | $9.7m | $15.6m | $15.6m | |
| Share-based compensation | $350k | $34.2m | $4.1m | $6.1m | $13.4m | $14.2m | $10.1m | $9.7m | $15.6m | $15.6m | |
| Proceeds received from issuance of Class A Ordinary Shares upon settlement of share-based awards | — | — | $201k | $5k | $550k | $367k | $140k | $85k | $101k | — | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | $175k | $0 | $0 | $0 | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | $0 | $756k | $0 | $600k | $0 | $0 | $0 | $200k | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Gain from equity investments, net of impairments | — | — | — | — | — | — | ($7k) | ($211k) | ($226k) | — | |
| Other Nonoperating Income (Expense) | — | $725k | $869k | $997k | ($2.7m) | $298k | $13.1m | $3.3m | ($939k) | — | |
| Payment for equity method investment | ($90k) | — | — | — | — | — | — | ($10.0m) | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | $242.1m | ($45.7m) | $751.0m | $1.1b | $1.1b | |
| Increase (Decrease) in Accounts Receivable | — | $353k | $101.4m | $266.2m | — | — | — | — | — | ($457.9m) | |
| Receivables from customers | — | ($353k) | ($101.4m) | ($266.2m) | ($292.9m) | $19.8m | ($109.0m) | ($313.9m) | ($730.7m) | — | |
| Receivables from brokers, dealers and clearing organizations | $186k | $1.1m | ($183.1m) | ($602.5m) | ($82.0m) | ($77.2m) | $415.1m | ($1.8b) | $272.8m | — | |
| Change In Receivables | — | — | — | — | — | ($57.4m) | $306.1m | ($2.1b) | ($457.9m) | ($457.9m) | |
| Changes In Account Receivables | — | — | — | — | — | $19.8m | ($109.0m) | ($313.9m) | ($730.7m) | ($457.9m) | |
| Payables to customers | $1.2m | $5.3m | $481.1m | $1.2b | $810.4m | $486.9m | ($83.1m) | $661.3m | $1.5b | — | |
| Payables to brokers, dealers and clearing organizations | — | — | $55.1m | $168.6m | ($52.9m) | ($32.2m) | ($23.8m) | $1.8b | ($10.9m) | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $458.7m | ($102.3m) | $2.5b | $1.6b | ($10.9m) | |
| Accrued expenses and other current liabilities | $2.6m | $5.1m | $6.2m | $10.3m | $6.6m | $4.0m | $4.6m | $24.8m | $45.6m | — | |
| Change In Accrued Expense | — | — | — | — | — | $4.0m | $4.6m | $24.8m | $45.6m | $45.6m | |
| Prepaid expenses and other current assets | ($1.4m) | ($3.5m) | ($1.3m) | ($3.5m) | ($4.4m) | $3.2m | ($4.7m) | $1.2m | ($18.1m) | — | |
| Change In Other Current Assets | — | — | — | — | — | ($166.8m) | ($244.8m) | $359.1m | ($13.3m) | ($13.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | $8.2m | ($5.0m) | $1.1m | $921k | $921k | |
| Net Cash Provided by (Used in) Operating Activities | ($8.5m) |
($21.2m)
-148.77%
|
$243.3m
+1249.22%
|
$535.3m
+120.00%
|
$413.2m
-22.81%
|
$258.1m
-37.55%
|
($6.6m)
-102.54%
|
$828.0m
+12709.41%
|
$1.3b
+59.02%
|
$1.3b
0.00%
|
|
| Cash flows from investing activities: | |||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | ($34k) | ($119k) | ($25k) | — | — | — | ($722k) | ($7.0m) | |
| Purchase of property, equipment and intangible assets | ($585k) | ($1.7m) | ($1.3m) | ($978k) | ($5.0m) | ($4.9m) | ($2.8m) | ($1.6m) | ($5.5m) | — | |
| Gain (Loss) on Investments | — | — | — | ($41k) | — | — | — | — | — | ($226k) | |
| Payment for long-term investments | ($2.2m) | — | ($600k) | — | ($2.5m) | ($243k) | ($500k) | — | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $6.0m | — | ($2.6m) | — | — | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | ($641k) | ($343k) | $269k | ($1.2m) | ($1.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($3.7m) | ($35.1m) | ($22.0m) | $43.6m | $10.9m | ($3.6m) | ($7.8m) | ($8.7m) | ($5.7m) | ($5.7m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | $154.9m | $0 | $0 | — | — | $0 | |
| Long Term Debt Issuance | — | — | — | — | $154.9m | $0 | $0 | — | — | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | $154.9m | $0 | $0 | — | — | $0 | |
| Repayments of Long-term Debt | — | — | $1.1m | — | — | — | — | — | — | — | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $103.7m | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | $0 | ($3.0m) | ($3.0m) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $103.7m | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | $2.2m | — | — | — | — | — | — | |
| Common Stock Payments | — | — | — | — | $0 | $0 | — | — | — | — | |
| Dividend received | — | — | — | — | $47k | $88k | $7k | $7k | $44k | — | |
| Dividends Received CFI | — | — | — | — | — | $88k | $7k | $7k | $44k | $44k | |
| Net Other Financing Charges | — | — | — | — | — | $4.4m | $1.7m | — | — | $1.7m | |
| Net Cash Provided by (Used in) Financing Activities | $14.6m |
$79.5m
+444.84%
|
$114.9m
+44.49%
|
($8.4m)
-107.28%
|
$330.9m
+4055.04%
|
$4.7m
-98.57%
|
$1.8m
-61.52%
|
$103.8m
+5603.49%
|
($2.9m)
-102.82%
|
($2.9m)
0.00%
|
|
| Increase (decrease) in cash, cash equivalents and restricted cash | $2.4m | $23.2m | $336.2m | $570.5m | $755.0m | $259.2m | ($12.5m) | $923.1m | $1.3b | — | |
| Beginning Cash Position | — | — | — | — | — | $1.7b | $2.0b | $1.9b | $2.9b | $2.9b | |
| Cash, cash equivalents and restricted cash at beginning of the year | $18.1m | $41.1m | $377.3m | $947.6m | $1.7b | $2.0b | $1.9b | $2.9b | $4.2b | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($189k) | $46k | ($195k) | ($1.7m) | ($4.3m) | ($3.5m) | ($4.6m) | $26.6m | $26.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $41.1m | $377.3m | $947.6m | $1.7b | $2.0b | $1.9b | $2.9b | $4.2b | $4.2b | |
| Effect of exchange rate changes | $896k | ($189k) | $46k | ($195k) | ($1.7m) | ($4.3m) | ($3.5m) | ($4.6m) | $26.6m | $26.6m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Income Tax Expense (Benefit) | — | ($1.9m) | ($3.4m) | $2.9m | $4.4m | $4.3m | $13.0m | $20.4m | $36.0m | — | |
| Operating Lease, Expense | — | — | — | $3.5m | $4.1m | $6.0m | $6.3m | $5.7m | $7.1m | — | |
| Interest expense from convertible bonds | — | — | — | — | $1.3m | $2.5m | $2.6m | $2.6m | $2.7m | — | |
| Operating lease right-of-use assets | — | — | $2.3m | ($1.5m) | $667k | ($7.3m) | $4.9m | ($1.8m) | ($794k) | — | |
| Operating lease liabilities | — | — | ($2.1m) | $1.4m | ($1.5m) | $8.2m | ($5.0m) | $1.1m | $921k | — | |
| Additional Financial Items | |||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | — | $0 | $0 | $0 | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | $468k | — | ($116k) | — | — | — | ($332k) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $542k | $284k | ($2.9m) | ($3.3m) | $2.4m | ($3.1m) | $4.1m | $7.8m | — | |
| General and Administrative Expense | — | $7.8m | $9.3m | $13.7m | $22.7m | $18.3m | $21.8m | $39.3m | $36.2m | — | |
| Goodwill | — | — | $2.4m | $2.4m | $2.5m | $2.5m | $2.5m | $2.5m | $2.5m | — | |
| Fair value change of financial instruments held, at fair value | — | ($215k) | ($1.7m) | ($6k) | ($1.1m) | $1.5m | ($16.1m) | ($10.2m) | ($2.9m) | — | |
| Loss on disposal of subsidiaries | — | — | ($468k) | — | $116k | — | — | — | $332k | — | |
| Allowance for doubtful accounts | — | — | — | $92k | $427k | $464k | $363k | $14.3m | $1.3m | — | |
| Foreign currency exchange loss (gain) | $451k | ($542k) | ($284k) | $2.9m | $3.3m | ($2.4m) | $3.1m | ($4.1m) | ($7.8m) | — | |
| Financial instruments held, at fair value | — | ($6.2m) | ($6.6m) | $14.3m | ($2.3m) | ($159.7m) | ($249.2m) | $363.0m | ($8.1m) | — | |
| Amounts due from/to related parties | — | — | $402k | ($391k) | $3.1m | ($3.4m) | $6.5m | ($18.0m) | $66.7m | — | |
| Other non-current assets | — | — | ($436k) | ($130k) | ($1.1m) | $239k | ($551k) | ($2.1m) | ($4.5m) | — | |
| Deferred income | — | — | $2.2m | $160k | $185k | ($407k) | ($1.4m) | ($820k) | $0 | ($1.7m) | |
| Cash received from disposal of a subsidiary | — | — | $106k | — | $80k | — | — | — | $388k | — | |
| Purchase of term deposits | — | ($30.0m) | ($65.6m) | ($31.4m) | ($17.5m) | — | ($4.2m) | ($197k) | — | — | |
| Maturity of term deposits | — | — | $30.0m | $78.4m | $33.1m | $2.1m | $75k | $2.8m | $471k | — | |
| Advances to employees | — | — | ($1.2m) | ($1.5m) | ($127k) | ($641k) | ($343k) | $269k | ($1.2m) | — | |
| Proceeds received from redeemable non-controlling interests | — | — | — | — | — | $4.4m | $1.7m | — | $0 | — | |
| Net proceeds received from follow-on public offering (net of offering cost of US$835,813) | — | — | — | — | $175.4m | — | — | $103.7m | — | — | |
| Cash-segregated for regulatory purpose | — | $6.7m | $317.9m | $867.9m | $1.4b | $1.7b | $1.6b | $2.5b | $3.4b | — | |
| Acquisition consideration paid | — | — | $6.3m | $465k | $1.1m | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $4.7m | $1.8m | $103.8m | ($2.9m) | ($2.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($3.6m) | ($7.8m) | ($8.7m) | ($5.7m) | ($5.7m) | |
| Change In Account Payable | — | — | — | — | — | ($32.2m) | ($23.8m) | $1.8b | ($10.9m) | ($10.9m) | |
| Change In Other Working Capital | — | — | — | — | — | ($3.8m) | $5.1m | ($18.8m) | $66.7m | $66.7m | |
| Change In Payable | — | — | — | — | — | $454.7m | ($106.9m) | $2.5b | $1.5b | ($10.9m) | |
| Change In Prepaid Assets | — | — | — | — | — | $3.2m | ($4.7m) | $1.2m | ($18.1m) | ($18.1m) | |
| Changes In Cash | — | — | — | — | — | $259.2m | ($12.5m) | $923.1m | $1.3b | $1.3b | |
| End Cash Position | — | — | — | — | — | $2.0b | $1.9b | $2.9b | $4.2b | $4.2b | |
| Financing Cash Flow | — | — | — | — | — | $4.7m |
$1.8m
-61.52%
|
$103.8m
+5603.49%
|
($2.9m)
-102.82%
|
($2.9m)
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | $253.2m | ($9.3m) | $826.4m | $1.3b | $1.3b | |
| Gain Loss On Investment Securities | — | — | — | — | — | $474k | ($7k) | ($211k) | ($226k) | ($226k) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | $0 | $332k | $332k | |
| Gain Loss On Sale Of PPE | — | — | — | — | $3k | $0 | $0 | $0 | $722k | $722k | |
| Investing Cash Flow | — | — | — | — | — | ($3.6m) | ($7.8m) | ($8.7m) | ($5.7m) | ($5.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | ($10.0m) | $388k | $388k | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($2.4m) | $3.1m | ($4.1m) | ($7.8m) | ($7.8m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($4.9m) | ($2.8m) | ($1.6m) | ($5.5m) | ($5.5m) | |
| Net Preferred Stock Issuance | — | — | — | — | $0 | — | $0 | $0 | ($3.0m) | ($3.0m) | |
| Operating Gains Losses | — | — | — | — | — | ($1.9m) | $3.1m | ($4.3m) | ($7.0m) | ($7.0m) | |
| Other Non Cash Items | — | — | — | — | — | $2.5m | $2.6m | $2.6m | $2.7m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | $0 | ($3.0m) | ($3.0m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $367k | $140k | $85k | $101k | $101k | |
| Provisionand Write Offof Assets | — | — | — | — | — | $464k | $363k | $14.3m | $1.3m | $1.3m | |
| Purchase Of Business | — | — | — | — | — | $0 | $0 | ($10.0m) | $0 | $0 | |
| Purchase Of PPE | — | — | $1.3m | $978k | $5.0m | ($4.9m) | ($2.8m) | ($1.6m) | ($5.5m) | ($5.5m) | |
| Stock Based Compensation | — | — | — | — | — | $14.2m | $10.1m | $9.7m | $15.6m | $15.6m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $1.5m | ($16.1m) | ($10.2m) | ($2.9m) | ($2.9m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $1.8m | ($4.7m) | $2.6m | $471k | $471k | |
| Purchase Of Investment | — | — | — | — | — | ($243k) | ($4.7m) | ($197k) | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | $2.1m | $75k | $2.8m | $471k | $471k | |
| Proceeds from Noncontrolling Interests | — | $2.2m | $240k | $4.3m | — | — | — | — | — | — | |
| Cash and cash equivalents | — | $34.4m | $59.4m | $79.7m | $269.1m | $277.7m | $322.6m | $393.6m | $791.0m | $2.9b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $259.2m | ($12.5m) | $923.1m | $1.3b | — | |
| Income Taxes Paid, Net | $22k | — | $762k | $266k | $5.6m | $2.1m | $13.3m | $11.3m | $26.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.