Is Tiger Brokers A Buy?
πππTiger Brokers $Tiger Brokers(TIGR)$ also known as UP Fintech Holdings has just announced an excellent Q4 24 and Full Year 2024 Financial results on March 18. Its share price jumped to USD 9.94 and it is currently up 8.7% in the past 5 days. Tiger Brokers have now risen 32% year todate and in 2024, it has skyrocketed 152%!
For Q4 24 Total Revenue reached USD 124.1 million, an increase of 22.8% and year over year growth of 77. 3%. The full year Total Revenue is USD 391.5 million, an impressive increase of 43.7% from 2023.
Net Income for the quarter reached USD 28.1 million, a quarter over quarter growth of 58% compared to a net loss of USD 1.8 million in the previous year quarter. Non GAAP net income was USD 30.5 million, a quarter over quarter increase of 51.7% and a huge year over year increase of 2772.5%.
The full year net income and non GAAP net income were USD 60.7 million and USD 70.5 million. This represents an increase of 86.5% and 65% respectively compared to the previous year.
According to Chairman and CEO of Tiger Brokers, Mr Wu Tianhua, both Tiger Brokers' annual and quarterly top and bottom line have reached an all time high. This is due to Tiger Brokers' internationalisation strategy and building a resilient business model with healthier operating leverage.
For Q4 24, Tiger Brokers added 59,200 customers with deposits, an increase of 17.2% quarter over quarter and 51.4% year over year. This brings Tiger Brokers' yearly total to 187,400 which exceeded its yearly guidance of 150,000. The total number of customers with deposits at the end of 2024 reached 1,092,000, an increase of 20.7% compared to 2023.
Asset inflows remain robust with a net inflow of USD 1.1 billion in Q4 24, primarily from retail investors. Total account balance rose by 2.4% quarter over quarter and 36.4% year over year, reaching a record USD 41.7 billion. Over the past 3 years, the number of customers with deposits and total account balance have achieved compound annual growth rates (CAGR) of 17.5% and 34.7% respectively.
Tiger Brokers have continued to roll out a range of localised products and features to enhance user experience. In late January, Tiger Brokers' Cryptocurrency Platform YAX (Hong Kong) Ltd, received official approval from the Hong Kong Securities and Futures Commission. Tiger Brokers have also recently upgraded its AI investment assistant, TigerGPT to TigerAI and integrated it with leading AI models. This makes Tiger Brokers the first brokerage platform globally to incorporate such technology.
Tiger Brokers corporate business continued to perform well in Q4 24. It underwrote a total of 14 US and Hong Kong IPOs. These include Mao Geping Company, Pony AI Inc, and WeRide Inc, bringing the total number of US and Hong Kong IPOs underwritten to 44. In the ESOP business, Tiger Brokers added 16 new clients in Q4 24, bringing the total number of ESOP clients to 613 as of December 31 2024.
Tiger Brokers continue to win new awards. In January 2025, it won 2 prestigious awards by the Chicago Mercantile Exchange Group (CME Group). They are "Broker Program Key Partner 2024" and "Futures and Options Nurturer 2024". These accolades not only reinforce Tiger Brokers position as a leading global Fintech Broker but also recognise its outstanding achievements in the futures and options investment sector.
As a world class online securities platform, Tiger Brokers is dedicated to providing clients with a superior trading experience and a diverse range of investment options.
Last year, Tiger Brokers became one of the first mainstream online brokerage firms in Hong Kong to support the trading of both traditional securities and virtual assets on a single platform. Currently professional investors in Hong Kong can access Tiger Brokers' flagship platform, Tiger Trade, to conduct one stop trading of 20 different virtual assets. These include Bitcoin and Ethereum, as well as stocks, options, futures, US Treasuries, funds and other global assets. This integration allows customers to manage global asset allocation more conveniently and seamlessly without the need to open multiple accounts across different brokers and platforms.
Currently Tiger Brokers serve over 10 million users and over 2 million account holders worldwide on its flagship platform Tiger Trade. Tiger Brokers also own 77 licenses and qualifications in different markets. It had over 1,000 employees in Hong Kong, Singapore, New Zealand, the US, Australia and China.
I am so happy that my investment in Tiger Brokers is coming to fruition. I have invested in Tiger Brokers 6 months ago. Being an avid user of Tiger Brokers' flagship platform Tiger Trade, I have experienced first hand the seamless and easy way to trade and monitor my investments.
At the last closing price of USD 8.83, it is still undervalued. I believe there is lots of upside exponential growth for Tiger Brokers and looking forward to more capital appreciation ahead.
Investing is a marathon, not a sprint!
Go Long Go Strong Go Tiger Brokers l! ππππππππππ°π°π°
@Daily_Discussion @TigerStars @Tiger_comments @TigerClub @CaptainTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Key for them is to actually drive larger commisions in a more whipsaw market. That could bolster growth and also rope in new clients who are willing to start adding more at more attractive valuationsβ¦
share