Is Tiger Brokers a Buy?
πππEven though UP Fintech Holdings $Tiger Brokers(TIGR)$ better known as Tiger Brokers is down 12% this week, it has risen by 33.8% year todate. In 2024 Tiger Brokers have jumped 98%. Is Tiger Brokers A Buy?
Let's check out its Q4 24 and Full Year results ended December 31 2024.
Financial Results
Total revenue in Q4 reached USD 124.1 million, an increase of 22.8% compared to last quarter and year over year growth of 77.3%. For the full year, total revenue was USD 391.5 million, a 43.7% increase from 2023.
Net income in Q4 24 was USD 28.1 million, a quarter over quarter growth of 58% compared to a loss of USD 1.8 million in the previous year quarter.
Non GAAP income in Q4 24 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 in 2024 were USD 60.7 million and USD 70.5 million, an impressive increase of 86.5% and 65% respectively compared to previous year.
Both annual and quarterly top line and bottom line have reached an all time high as Tiger Brokers continue to execute their international expansion strategy and build 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 yearly total to 187,400. 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.
Assets inflows remained robust with net inflow of USD 1.1 billion in Q4 24, mainly from retail investors. As a result, the 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 (CAGRs) of 17.5% and 34.7% respectively.
New Products
Tiger Brokers have continued to introduce a range of new localised products and features designed to enhance user experience.
In Hong Kong, Tiger Brokers Cryptocurrency platform YAX, received official approval from the Hong Kong Securities and Futures Commission in late January 2025 to become a licensed virtual asset trading platform (VATP) in Hong Kong. Just this week, Tiger Brokers in Hong Kong has launched a new service allowing users to deposit and withdraw cryptocurrencies. This is better than other platforms that only provide deposit functionality.
In Singapore, Tiger Brokers launched its Cash Boost Account (CBA) in June 2024. This is a trading feature that operates on contra trading strategy. This means that instead of having to fund the account to trade, investors are given a limit to purchase stocks, allowing them to deploy their capital more efficiently. Investors can also link their CDP account to enjoy lower fees when selling SGX listed securities. There is also a SGD 20,000 instant trading limit with no prefunding required.
Tiger Brokers also introduced the Tiger BOSS Debit Card in March 2024. It is Singapore's first debit card that rewards every day spending with Fractional shares.
Tiger Brokers upgraded its AI investment assistant TigerGPT to TigerAI, making it the first brokerage platform globally to incorporate such technology.
Tiger Brokers' Latest Awards
In the US, January 2025, Tiger Brokers have won 2 prestigious awards by the Chicago Mercantile Exchange Group (CME Group) for "Broker Program Key Partner 2024" and "Futures and Options Nurturer 2024".
In Singapore, March 2025, Tiger Brokers won 3 awards at The Asset Triple A Digital Awards: "Best Mobile Application of the Year", "Digital Brokerage of the Year" and "Digital Fund Manager of the Year".
These awards set the benchmark for excellence in digital innovation, transformation and service delivery within the financial services industry.
Is Tiger Brokers A Buy?
Wall Street Analysts are bullish on Tiger Brokers with a Buy rating, Target price ranging from a high of USD 14.00 to a low of USD 7.76, according to Tipranks. That represents an upside potential of 16.5%.
Why I Invest in Tiger Brokers
As a regular user of the Tiger App, I experience first hand Tiger Brokers' laser focus on offering innovative digital solutions. About 1 in every 3 adults in Singapore is a registered user of Tiger Brokers, making it one of the most popular online brokerages here. So far I am very happy with its performance as it has rewarded me with great capital appreciation.
As Warren Buffett likes to say "It is far better to buy a wonderful company at a fair price" and his favourite holding period is Forever.
@Daily_Discussion @TigerStars @Tiger_SG @CaptainTiger @TigerClub @Tiger_comments
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