v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 791,016,893 $ 393,576,874
Cash-segregated for regulatory purpose 3,401,889,322 2,464,683,625
Term deposits 2,061,474 1,075,260
Receivables from customers (net of allowance of US$15,284,002 and US$5,050,501 as of December 31, 2024 and 2025) 1,785,416,288 1,052,972,649
Receivables from brokers, dealers, and clearing organizations (net of allowance of nil as of December 31, 2024 and 2025) 2,032,966,861 2,305,740,507
Financial instruments held, at fair value 85,541,628 75,547,082
Prepaid expenses and other current assets 33,956,983 17,629,819
Total current assets 8,151,927,209 6,327,946,487
Long-term deposits 0 1,369,994
Right-of-use assets 11,674,596 10,880,673
Property, equipment and intangible assets, net 14,364,025 15,358,528
Crypto assets held 4,339,298  
Goodwill 2,492,668 2,492,668
Long-term investments 9,810,822 7,658,809
Equity method investment 10,585,414 10,203,622
Other non-current assets 10,932,109 6,828,553
Deferred tax assets 10,404,896 8,573,135
Total assets 8,226,531,037 6,391,312,469
Liabilities:    
Payables to customers 5,095,965,998 3,574,651,125
Payables to brokers, dealers and clearing organizations 1,903,912,312 1,914,769,701
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of US$10,624,181 and US$16,083,646 as of December 31, 2024 and 2025, respectively) 111,689,582 67,263,254
Convertible bonds - current 111,178,103 0
Lease liabilities - current (including lease liabilities - current of the consolidated VIEs without recourse to the Group of US$969,176 and US$860,712 as of December 31,2024 and 2025, respectively) 6,777,918 4,153,928
Total current liabilities 7,299,458,972 5,561,712,339
Convertible bonds - non-current 51,000,000 159,505,397
Lease liabilities - non-current (including lease liabilities - non-current of the consolidated VIEs without recourse to the Group of US1,292,591 and US$705,038 as of December 31, 2024 and 2025, respectively) 4,198,997 5,902,323
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to the Group of US$27,247 and US$16,522 as of December 31, 2024 and 2025, respectively) 1,694,325 2,068,661
Total liabilities 7,356,352,294 5,729,188,720
Commitments and Contingencies (Note19)
Mezzanine equity    
Redeemable non-controlling interests 4,946,478 7,177,668
Total Mezzanine equity 4,946,478 7,177,668
Shareholders’ equity:    
Additional paid-in capital 634,203,244 619,030,730
Statutory reserve 15,587,049 12,425,463
Retained earnings 208,408,915 37,843,547
Treasury stock (10,429,305 shares as of December 31, 2024 and 2025) (2,172,819) (2,172,819)
Accumulated other comprehensive (loss) income 9,454,230 (11,919,310)
Total UP Fintech shareholders' equity 865,507,397 655,234,014
Non-controlling interests (275,132) (287,933)
Total equity 865,232,265 654,946,081
Total liabilities, mezzanine equity and equity 8,226,531,037 6,391,312,469
Related party    
Assets:    
Amounts due from related parties 19,077,760 16,720,671
Liabilities:    
Amount due to related parties 69,935,059 874,331
Class A ordinary shares    
Shareholders’ equity:    
Ordinary shares 25,802 25,427
Class B ordinary shares    
Shareholders’ equity:    
Ordinary shares $ 976 $ 976