Overview
- The NASDAQ-listed brokerage reported third-quarter revenue of US$175.2 million, with GAAP net income of US$53.8 million and non-GAAP net income of US$57.0 million, marking company records.
- Total client assets climbed to a new high of US$61.0 billion, up 17.3% from Q2 and 49.7% year over year, with funded accounts reaching about 1.224 million.
- The company added 31,500 new funded customers in the quarter and said it has effectively achieved its 2025 goal of 150,000 new funded customers, with Singapore and Hong Kong contributing roughly 80% of additions.
- Trading volume rose to US$209.4 billion; commission revenue was US$72.9 million, while options and futures contracts traded increased 68% year over year to 25.6 million.
- Expansion included crypto trading in New Zealand and a Nikkei futures product in Hong Kong, alongside five U.S. IPOs led as sole bookrunner; margin financing and securities lending balances reached US$5.7 billion and cash and deposits totaled US$580.7 million.