UP Fintech Holding (TIGR) Operating Expenses (2018 - 2026)
UP Fintech Holding (TIGR) posted Operating Expenses of -$103.9 million for Q2 2026, down 16.54% on a QoQ basis from -$89.2 million in Q1 2026, and down 46.49% year-over-year from -$194.2 million in Q2 2025.
Analysis
UP Fintech Holding (TIGR) Operating Expenses (2018 - 2026) Analysis & Trends
UP Fintech Holding has reported Operating Expenses for 9 years, with the latest figure at -$103.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 46.49% year-over-year to -$103.9 million in Q2 2026; TTM through Jun 2026 was -$385.4 million, a 42.48% decrease from a year earlier, with the FY2025 full-year figure at -$330.3 million, down 30.94% from the prior year.
- Operating Expenses was -$103.9 million for Q2 2026 at UP Fintech Holding, down from -$89.2 million in the prior quarter.
- The five-year high for Operating Expenses was -$45.5 million in Q2 2023, with the low at -$103.9 million in Q2 2026.
- Average Operating Expenses over 5 years is -$65.2 million, with a median of -$57.1 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 21.53% in 2022, then plunged 51.69% in 2024.
- Over 5 years, Operating Expenses stood at -$50.9 million in 2022, then declined by 3.13% to -$52.5 million in 2023, then sank by 39.26% to -$73.1 million in 2024, then plunged by 40.65% to -$102.8 million in 2025, then retreated by 1.06% to -$103.9 million in 2026.
- The last three Operating Expenses figures came in at -$103.9 million (Q2 2026), -$89.2 million (Q1 2026), and -$102.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 734.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 440.00 Mn |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 4.67 Bn |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -223.32 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | -103.94 Mn |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | -336.56 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 153.38 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 93.85 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 1.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -103.94 Mn |
| Mar 31, 2026 | -89.19 Mn |
| 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 |