$UP Fintech Holding Ltd(TIGR.US)$, today announced its unaudited financial results for the first quarter ended March 31, 2021.
Financial Highlights for First Quarter 2021
Total revenues increased 255.5% year-over-year to US$81.3 million.
Total net revenues increased 245.7% year-over-year to US$75.7 million.
Net income increased to US$21.1 million from net loss of US$0.5 million in the same quarter of last year.
Net income attributable to UP Fintechincreased to US$21.1 million from net loss of US$0.2 million in the same quarter of last year.
Non-GAAP net income attributable to UP Fintechincreased to US$23.5 million, compared to US$1.1 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.
Operating Highlights for First Quarter 2021
Total account balance increased 289.8% year-over-year to US$21.4 billion.
Total margin financing and securities lending balance increased 177.3% year-over-year to US$2.3 billion.
Total number of customers with deposits increased 180.4% year-over-year to 376.0K.
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UP Fintech Holding Limited Reports Unaudited First Quarter 2021 Financial Results