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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and UP Fintech Holding Ltd (TIGR). Click either name above to swap in a different company.

UP Fintech Holding Ltd is the larger business by last-quarter revenue ($107.6M vs $71.0M, roughly 1.5× Cheer Holding, Inc.). UP Fintech Holding Ltd runs the higher net margin — 28.4% vs 10.9%, a 17.5% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

UP Fintech Holding Limited, operating under the Tiger Brokers brand, provides online financial services for global Chinese investors. It offers cross-market stock trading (US, Hong Kong, mainland China A-shares), fund management, margin financing and investor education for retail and institutional clients.

CHR vs TIGR — Head-to-Head

Bigger by revenue
TIGR
TIGR
1.5× larger
TIGR
$107.6M
$71.0M
CHR
Higher net margin
TIGR
TIGR
17.5% more per $
TIGR
28.4%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
CHR
CHR
TIGR
TIGR
Revenue
$71.0M
$107.6M
Net Profit
$7.8M
$30.6M
Gross Margin
70.7%
Operating Margin
11.7%
Net Margin
10.9%
28.4%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
EPS (diluted)
$0.67
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
TIGR
TIGR
Q2 25
$71.0M
Q1 25
$107.6M
Q2 24
$71.1M
$166.4M
Net Profit
CHR
CHR
TIGR
TIGR
Q2 25
$7.8M
Q1 25
$30.6M
Q2 24
$12.4M
$15.2M
Gross Margin
CHR
CHR
TIGR
TIGR
Q2 25
70.7%
Q1 25
Q2 24
73.4%
Operating Margin
CHR
CHR
TIGR
TIGR
Q2 25
11.7%
Q1 25
Q2 24
16.4%
14.0%
Net Margin
CHR
CHR
TIGR
TIGR
Q2 25
10.9%
Q1 25
28.4%
Q2 24
17.5%
9.1%
EPS (diluted)
CHR
CHR
TIGR
TIGR
Q2 25
$0.67
Q1 25
$0.01
Q2 24
$1.23
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
TIGR
TIGR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
Total Assets
$362.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
TIGR
TIGR
Q2 25
Q1 25
Q2 24
$186.1M
$392.5M
Stockholders' Equity
CHR
CHR
TIGR
TIGR
Q2 25
$322.1M
Q1 25
Q2 24
$286.1M
$501.2M
Total Assets
CHR
CHR
TIGR
TIGR
Q2 25
$362.7M
Q1 25
Q2 24
$333.2M
$4.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
TIGR
TIGR
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
TIGR
TIGR
Q2 25
$3.9M
Q1 25
Q2 24
$-6.7M
$155.1M
Free Cash Flow
CHR
CHR
TIGR
TIGR
Q2 25
Q1 25
Q2 24
$153.8M
FCF Margin
CHR
CHR
TIGR
TIGR
Q2 25
Q1 25
Q2 24
92.4%
Capex Intensity
CHR
CHR
TIGR
TIGR
Q2 25
Q1 25
Q2 24
0.8%
Cash Conversion
CHR
CHR
TIGR
TIGR
Q2 25
0.51×
Q1 25
Q2 24
-0.54×
10.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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