UP Fintech Holding (NASDAQ:TIGR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$73.9m (up 33% from 2Q 2023).

• Net income: US$2.59m (down 80% from 2Q 2023).

• Profit margin: 3.5% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.017 (down from US$0.085 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

UP Fintech Holding Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 15% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for UP Fintech Holding that you need to take into consideration.

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