Online brokerage UP Fintech Holding Ltd., known as Tiger Brokers, reported a record second-quarter revenue of US$138.7 million, a 59 percent increase from a year earlier and ahead of analysts’ US$120 million consensus. Non-GAAP earnings per share rose to US$0.24, more than double market expectations, while net income surged to US$41.4 million—about 15 times the level recorded a year ago. The company said total client assets climbed 36 percent to US$52.1 billion, supported by US$3 billion in net inflows and US$3.2 billion in mark-to-market gains. Funded accounts grew 21 percent to 1.19 million, and overall accounts reached 2.58 million. Average net asset inflow per new funded client hit a record US$20,000, with Hong Kong and Singapore averaging US$30,000. Regional momentum was strongest in Singapore, where overall trading volume jumped 113 percent year-on-year and IPO trading activity increased 131 percent. Margin financing and securities-lending balances expanded 65 percent to US$5.7 billion, underscoring heavier use of leverage by clients. Investment-banking activity also picked up, with Tiger Brokers underwriting 11 initial public offerings during the quarter—seven in Hong Kong and four in the United States. Operating costs rose just 3 percent, highlighting improved operating leverage even as marketing expenses climbed 54 percent. Management reiterated its target of adding 150,000 new funded clients this year and said cash and equivalents rose to US$514 million, providing additional flexibility for product expansion and potential acquisitions.