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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 391,541,429 $ 272,507,595 $ 225,365,547
Interest expense (60,803,516) (46,957,657) (18,668,523)
Total net revenues 330,737,913 225,549,938 206,697,024
Operating cost and expenses:      
Execution and clearing (14,651,612) (9,084,089) (15,607,914)
Employee compensation and benefits (including share-based compensation of US$14,213,841, US$10,147,362 and US$9,736,901 for the years ended December 31, 2022, 2023 and 2024, respectively) (122,365,537) (100,750,644) (101,749,440)
Occupancy, depreciation and amortization (8,554,315) (9,387,056) (9,013,467)
Communication and market data (38,893,381) (30,831,488) (27,138,244)
Marketing and branding (28,530,053) (20,859,834) (33,121,767)
General and administrative (39,278,674) (21,791,263) (18,332,557)
Total operating cost and expenses (252,273,572) (192,704,374) (204,963,389)
Other income:      
Others, net 3,299,308 13,148,173 298,150
Income before income taxes 81,763,649 45,993,737 2,031,785
Income tax expense (20,409,721) (12,986,310) (4,288,665)
Net (loss) income 61,353,928 33,007,427 (2,256,880)
Less:      
Net loss attributable to non-controlling interests (4,477) (98,285) (129,215)
Accretion of Redeemable Non-controlling Interests to Redemption Value (630,485) (542,187) (58,776)
Net (loss) income attributable to ordinary shareholders of UP Fintech $ 60,727,920 $ 32,563,525 $ (2,186,441)
Net (loss) income per share attributable to ordinary shareholders of UP Fintech:      
Basic $ 0.025 $ 0.014 $ 0
Diluted $ 0.024 $ 0.014 $ 0
Weighted average shares used in calculating net (loss) income per ordinary share      
Basic 2,404,640,854 2,325,338,439 2,295,154,791
Diluted 2,534,097,315 2,427,268,831 2,295,154,791
Other comprehensive (loss) income, net of tax:      
Unrealized (loss) gain on available-for-sale securities (net of tax effect of US$88,563, nil and nil for the years ended December 31, 2022, 2023 and 2024, respectively) $ 343,892 $ (450,325) $ (768,590)
Change in cumulative foreign currency translation adjustment (9,022,611) (545,498) (8,130,208)
Total Comprehensive (loss) income 52,675,209 32,011,604 (11,155,678)
Total Comprehensive (loss) income attributable to non-controlling interests 3,121 (92,526) (130,783)
Accretion of redeemable non-controlling interests to redemption value (630,485) (542,187) (58,776)
Total Comprehensive (loss) income attributable to ordinary shareholders of UP Fintech 52,041,603 31,561,943 (11,083,671)
Commissions      
Revenues:      
Revenues 159,045,052 92,593,458 108,118,464
Financing service fees      
Revenues:      
Revenues 11,311,560 12,178,838 7,903,057
Interest income      
Revenues:      
Revenues 191,754,746 149,291,006 85,150,424
Other revenues      
Revenues:      
Revenues $ 29,430,071 $ 18,444,293 $ 24,193,602