UP Fintech Holding Ltd cash flow statement

In fiscal 2025, UP Fintech Holding Ltd's operations generated $1.32bn of cash; it spent $5.5m on capital projects, leaving free cash flow of $1.31bn.

Cash flow statement

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

UP Fintech Holding Ltd: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−9	−21	243	535	413	258	−7	828	1,317
Depreciation and amortisation	0	0	1	1	1	3	3	3	3
Stock-based pay	0	34	4	6	13	14	10	10	16
Capital spending	1	2	1	1	5	5	3	2	5
Free cash flow	−9	−23	242	534	408	253	−9	826	1,311
Free cash flow after stock pay	−9	−57	238	528	395	239	−19	817	1,296
Share buybacks	—	—	—	2	—	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.