| Schedule of basic and diluted net income (loss) per share |
The following table sets forth the computation of basic and diluted net income (loss) per share for the following years:
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For the years ended December 31, |
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2023 |
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2024 |
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2025 |
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US$ |
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US$ |
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US$ |
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Numerator: |
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Net income attributable to ordinary shareholders of UP Fintech |
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32,563,525 |
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60,727,920 |
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170,899,537 |
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The dilutive effect arising from the convertible bonds |
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912,009 |
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1,139,018 |
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2,672,707 |
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Numerator for diluted net income per ordinary share |
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33,475,534 |
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61,866,938 |
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173,572,244 |
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Denominator: |
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Weighted average shares used in calculating net income per ordinary share |
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Basic |
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2,325,338,439 |
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2,404,640,854 |
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2,651,608,820 |
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Effect of dilutive securities: |
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Dilutive effect of share options |
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5,440,751 |
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5,513,427 |
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4,088,223 |
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Dilutive effect of restricted shares units |
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26,325,143 |
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41,932,200 |
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45,203,610 |
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Dilutive effect of convertible bonds |
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70,164,498 |
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82,010,834 |
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106,831,729 |
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Denominator for diluted net income per ordinary share |
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2,427,268,831 |
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2,534,097,315 |
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2,807,732,382 |
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Net income per ordinary share |
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Basic |
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0.014 |
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0.025 |
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0.064 |
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Diluted |
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0.014 |
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0.024 |
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0.062 |
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