UP Fintech Holding (TIGR) Operating Expenses (2018 - 2025)
UP Fintech Holding (TIGR) recorded quarterly Operating Expenses of -$102.8 million in Q4 2025, down 14.99% quarter-over-quarter from -$89.4 million in Q3 2025, and down 40.65% on a YoY basis from -$173.3 million in Q4 2024.
UP Fintech Holding (TIGR) Operating Expenses (2018 - 2025) Analysis & Trends
UP Fintech Holding's Operating Expenses history runs 8 years deep, the most recent figure standing at -$102.8 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 40.65% year-over-year to -$102.8 million; the TTM figure through Dec 2025 stood at -$330.3 million (down 30.94% YoY), while the FY2025 annual figure was $330.3 million, up 30.94% from the prior year.
- Operating Expenses was -$102.8 million for Q4 2025 at UP Fintech Holding, down from -$89.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$45.5 million in Q2 2023 to a low of -$102.8 million in Q4 2025.
- Historically, Operating Expenses has averaged -$60.4 million across 5 years, with a median of -$54.7 million in 2021.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses tumbled 171.04% in 2021, then climbed 21.53% in 2022.
- A 5-year view of Operating Expenses shows it stood at -$64.9 million in 2021, then advanced by 21.53% to -$50.9 million in 2022, then dropped by 3.13% to -$52.5 million in 2023, then slumped by 39.26% to -$73.1 million in 2024, then sank by 40.65% to -$102.8 million in 2025.
- The last three Operating Expenses figures came in at -$102.8 million (Q4 2025), -$89.4 million (Q3 2025), and -$71.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | UP Fintech Holding | - | - | - | -102.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -102.85 Mn |
| Sep 30, 2025 | -89.44 Mn |
| Jun 30, 2025 | -70.95 Mn |
| Mar 31, 2025 | -67.09 Mn |
| Dec 31, 2024 | -73.12 Mn |
| Sep 30, 2024 | -59.34 Mn |
| Jun 30, 2024 | -69.03 Mn |
| Mar 31, 2024 | -50.78 Mn |
| Dec 31, 2023 | -52.51 Mn |
| Sep 30, 2023 | -48.78 Mn |
| Jun 30, 2023 | -45.51 Mn |
| Mar 31, 2023 | -45.91 Mn |
| Dec 31, 2022 | -50.92 Mn |
| Sep 30, 2022 | -47.29 Mn |
| Jun 30, 2022 | -51.85 Mn |
| Mar 31, 2022 | -54.90 Mn |
| Dec 31, 2021 | -64.89 Mn |
| Sep 30, 2021 | -54.43 Mn |
| Jun 30, 2021 | -62.51 Mn |
| Mar 31, 2021 | -46.70 Mn |