UP Fintech Holding Ltd balance sheet

At the end of fiscal 2025, UP Fintech Holding Ltd had total assets of $8.23bn, total liabilities of $7.36bn and shareholders' equity of $866m. It held $791m in cash against $162m of debt: net cash of $629m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

UP Fintech Holding Ltd: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	18	34	59	80	269	278	323	394	791
Receivables	—	0	106	372	—	—	—	—	—
Total current assets	—	103	770	2,152	3,271	3,739	3,690	6,328	8,152
Goodwill	—	—	2	2	2	2	2	2	2
Total assets	—	115	809	2,192	3,321	3,797	3,746	6,391	8,227
Deferred revenue (current)	—	7	512	1,696	—	—	—	—	—
Total current liabilities	—	17	588	1,951	2,720	3,181	3,086	5,562	7,299
Total debt	0	0	0	0	0	154	157	160	162
Total liabilities	—	17	594	1,957	2,875	3,346	3,251	5,729	7,356
Shareholders' equity	−15	−24	212	236	447	447	489	655	866
Non-controlling interests and other (assets − liabilities − equity)	—	123	—	—	—	—	—	—	—
Net debt (negative = net cash)	−18	−34	−59	−80	−269	−123	−166	−234	−629

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from UP Fintech Holding Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to UP Fintech Holding Ltd.