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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 393,576,874 $ 322,599,616
Cash-segregated for regulatory purpose 2,464,683,625 1,617,154,185
Term deposits 1,075,260 896,683
Receivables from customers (net of allowance of US$991,286 and US$15,284,002 as of December 31, 2023 and 2024) 1,052,972,649 753,361,199
Receivables from brokers, dealers, and clearing organizations (net of allowance of nil as of December 31, 2023 and 2024) 2,305,740,507 541,876,929
Financial instruments held, at fair value 75,547,082 428,159,554
Prepaid expenses and other current assets 17,629,819 17,936,180
Total current assets 6,327,946,487 3,689,972,102
Long-term deposits 1,369,994 4,225,412
Right-of-use assets 10,880,673 9,067,885
Property, equipment and intangible assets, net 15,358,528 16,429,543
Goodwill 2,492,668 2,492,668
Long-term investments 7,658,809 7,586,483
Equity method investment 10,203,622  
Other non-current assets 6,828,553 5,282,012
Deferred tax assets 8,573,135 10,990,998
Total assets 6,391,312,469 3,746,047,103
Liabilities:    
Payables to customers 3,574,651,125 2,913,306,558
Payables to brokers, dealers and clearing organizations 1,914,769,701 114,771,931
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of US$10,223,751 and US$10,624,181 as of December 31, 2023 and 2024, respectively) 67,263,254 42,381,946
Deferred income - current   819,809
Lease liabilities - current (including lease liabilities - current of the consolidated VIEs without recourse to the Group of US$734,591 and US$969,176 as of December 31,2023 and 2024, respectively) 4,153,928 4,133,883
Total current liabilities 5,561,712,339 3,085,562,269
Convertible bonds 159,505,397 156,887,691
Lease liabilities - non-current (including lease liabilities - non-current of the consolidated VIEs without recourse to the Group of US72,985 and US$1,292,591 as of December 31, 2023 and 2024, respectively) 5,902,323 4,777,134
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to the Group of US$1,653 and US$27,247 as of December 31, 2023 and 2024, respectively) 2,068,661 3,397,831
Total liabilities 5,729,188,720 3,250,624,925
Commitments and Contingencies (Note19)
Mezzanine equity    
Redeemable non-controlling interests 7,177,668 6,706,660
Total Mezzanine equity 7,177,668 6,706,660
Shareholders’ equity:    
Additional paid-in capital 619,030,730 505,448,080
Statutory reserve 12,425,463 8,511,039
(Accumulated deficit) Retained earnings 37,843,547 (19,600,434)
Treasury stock (10,429,305 shares as of December 31, 2023 and 2024) (2,172,819) (2,172,819)
Accumulated other comprehensive loss (11,919,310) (3,232,993)
Total UP Fintech shareholders' equity 655,234,014 488,976,377
Non-controlling interests (287,933) (260,859)
Total equity 654,946,081 488,715,518
Total liabilities, mezzanine equity and equity 6,391,312,469 3,746,047,103
Related party    
Assets:    
Amounts due from related parties 16,720,671 7,987,756
Liabilities:    
Amount due to related parties 874,331 10,148,142
Class A ordinary shares    
Shareholders’ equity:    
Ordinary shares 25,427 22,528
Class B ordinary shares    
Shareholders’ equity:    
Ordinary shares $ 976 $ 976