πππTiger Brokers $Tiger Brokers(TIGR)$ also known as UP Fintech Holding is on the rise as its share price is up 1.8% on Friday trading and in the past week it has jumped 15.8%.
To determine whether it is a good buy, let's check out its Q4 24 and full year results ended December 31 2024, released on March 18.
Tiger Brokers reported Total revenue in Q4 24 at USD 124.1 million, representing an increase of 22.8% and a year over year growth of 77.3%. The full year total revenue was USD 391.5 million, an increase of 43.7% from 2023.
Net income in Q4 24 reached USD 28.1 million, an increase of 58%, compared to a loss of USD 1.8 million in the previous year quarter. Non GAAP net income in Q4 24 was USD 30.5 million, an increase of 51.7% and a massive year over year increase of 2772.5%.
The full year net income and non GAAP net income in 2024 were USD 60.7 million and USD 70.5 million, an increase of 86.5% and 65% respectively compared to previous year. These excellent results have reached an all time high as Tiger Brokers continue to roll out its strategy of expanding its business internationally and building a resilient business model with healthier operating leverage.
In Q4 24, Tiger Brokers added 59,200 customers with deposits, an increase of 17.2% quarter over quarter and 51.4% year over year, bringing its total number of customers to 186,400. This exceeded its yearly guidance of 150,000. The total number of customers with deposits at the end of 2024 reached 1,092,000, a 20.7% increase compared to 2023 year end.
In addition to that, assets inflow remained strong with a net inflow of USD 1.1 billion in Q4 24, mainly from retail investors. Total 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 of 17.5% and 34.7% respectively.
Tiger Brokers have continued to roll out a range of localised products and features which are designed to enhance user experience.
In Hong Kong, Tiger Brokers' Cryptocurrency platform YAX, received official approval from the Hong Kong Securities and Futures Commission, becoming a licensed virtual asset trading platform in Hong Kong.
Tiger Brokers have recently upgraded its AI investment assistant from TigerGPT to TigerAI, making it the first brokerage platform to incorporate such technology.
Tiger Brokers Corporate Business has continued to perform well in Q4 24. During this period, it underwrote a total of 14 US and Hong Kong IPOs. These include Mao Geping Company, Pony AI Inc and WeRide Inc. The total number of US and Hong Kong IPOs underwritten for the year has reached 44.
In Singapore Tiger Brokers have introduced new products such as Tiger BOSS Debit card and Cash Boost Account. The Tiger BOSS Debit Card rewards users with 1% cashback on Fractional stocks. The Cash Boost Account is a trading limit account which enable users to buy and sell stocks, ETFs and other securities through contra trading. Another useful product is the Tiger Vault that allow investors to earn yields on their idle cash balances by investing in money market funds.
Tiger Brokers have been winning awards and the latest awards is a hat-trick of 3 wins at the prestigious The Asset Triple A Digital Awards 2025 held on March 25 2025 in Singapore.
Tiger Brokers Singapore scores the Digital Brokerage of the Year and Best Mobile Brokerage Application while Tiger Fund Management (an affiliate of Tiger Brokers) wins the Digital Fund Manager of the year award.
The Asset Triple A Digital Awards sets the benchmark for excellence in digital innovation, transformation and service delivery within the financial services industry. The awards are built upon a stringent methodology combined with the rigorous approach to the selection of the winners.
Ian Leong, CEO of Tiger Brokers Singapore said that the awards are a testament to Tiger Brokers unwavering commitment to innovation, excellence and trust that its users placed on them. Tiger Brokers will continuously strive to enhance its one stop investment platform and deliver exceptional user experiences, empowering investors to access global markets with ease and confidence.
Wall Street Analysts are bullish on Tiger Brokers with a Buy rating, an Average Target price of USD 10.72, an upside potential of 38%, according to Tipranks.
Is Tiger Brokers A Good Buy? That's a YES from me as it has more exponential growth ahead.
As an avid user of Tiger Brokers and investor, I have experienced first hand how Tiger Brokers continue to innovate and invest in new technologies so that with just 1 App, I can trade, invest and even use it for my daily purchases in Singapore and overseas.
In just 10 years Tiger Brokers have grown to more than 10 million users worldwide since 2014. I am so happy that I am part of Tiger Brokers' journey and its wonderful global community.
@Daily_Discussion @TigerStars @Tiger_SG @Tiger_comments @CaptainTiger @TigerClub
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