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Side-by-side financial comparison of UP Fintech Holding Ltd (TIGR) and Vericel Corp (VCEL). 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 $92.9M, roughly 1.2× Vericel Corp). UP Fintech Holding Ltd runs the higher net margin — 28.4% vs 25.0%, a 3.4% gap on every dollar of revenue.

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.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

TIGR vs VCEL — Head-to-Head

Bigger by revenue
TIGR
TIGR
1.2× larger
TIGR
$107.6M
$92.9M
VCEL
Higher net margin
TIGR
TIGR
3.4% more per $
TIGR
28.4%
25.0%
VCEL

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
TIGR
TIGR
VCEL
VCEL
Revenue
$107.6M
$92.9M
Net Profit
$30.6M
$23.2M
Gross Margin
78.7%
Operating Margin
24.1%
Net Margin
28.4%
25.0%
Revenue YoY
23.3%
Net Profit YoY
17.3%
EPS (diluted)
$0.01
$0.46

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
TIGR
TIGR
VCEL
VCEL
Q4 25
$92.9M
Q3 25
$67.5M
Q2 25
$63.2M
Q1 25
$107.6M
$52.6M
Q4 24
$75.4M
Q3 24
$57.9M
Q2 24
$166.4M
$52.7M
Q1 24
$51.3M
Net Profit
TIGR
TIGR
VCEL
VCEL
Q4 25
$23.2M
Q3 25
$5.1M
Q2 25
$-553.0K
Q1 25
$30.6M
$-11.2M
Q4 24
$19.8M
Q3 24
$-901.0K
Q2 24
$15.2M
$-4.7M
Q1 24
$-3.9M
Gross Margin
TIGR
TIGR
VCEL
VCEL
Q4 25
78.7%
Q3 25
73.5%
Q2 25
73.7%
Q1 25
69.0%
Q4 24
77.6%
Q3 24
71.9%
Q2 24
69.5%
Q1 24
68.9%
Operating Margin
TIGR
TIGR
VCEL
VCEL
Q4 25
24.1%
Q3 25
5.1%
Q2 25
-3.2%
Q1 25
-24.3%
Q4 24
24.5%
Q3 24
-4.3%
Q2 24
14.0%
-11.5%
Q1 24
-10.7%
Net Margin
TIGR
TIGR
VCEL
VCEL
Q4 25
25.0%
Q3 25
7.5%
Q2 25
-0.9%
Q1 25
28.4%
-21.4%
Q4 24
26.3%
Q3 24
-1.6%
Q2 24
9.1%
-8.9%
Q1 24
-7.5%
EPS (diluted)
TIGR
TIGR
VCEL
VCEL
Q4 25
$0.46
Q3 25
$0.10
Q2 25
$-0.01
Q1 25
$0.01
$-0.23
Q4 24
$0.40
Q3 24
$-0.02
Q2 24
$0.01
$-0.10
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
TIGR
TIGR
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.6M
Total Assets
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TIGR
TIGR
VCEL
VCEL
Q4 25
$137.5M
Q3 25
$135.4M
Q2 25
$116.9M
Q1 25
$112.9M
Q4 24
$116.2M
Q3 24
$101.7M
Q2 24
$392.5M
$102.5M
Q1 24
$110.6M
Stockholders' Equity
TIGR
TIGR
VCEL
VCEL
Q4 25
$354.6M
Q3 25
$321.9M
Q2 25
$306.8M
Q1 25
$295.5M
Q4 24
$292.0M
Q3 24
$257.5M
Q2 24
$501.2M
$243.0M
Q1 24
$233.9M
Total Assets
TIGR
TIGR
VCEL
VCEL
Q4 25
$488.0M
Q3 25
$453.3M
Q2 25
$435.6M
Q1 25
$424.6M
Q4 24
$432.7M
Q3 24
$390.4M
Q2 24
$4.8B
$376.8M
Q1 24
$356.7M

Cash Flow & Capital Efficiency

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

Metric
TIGR
TIGR
VCEL
VCEL
Operating Cash FlowLast quarter
$15.0M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TIGR
TIGR
VCEL
VCEL
Q4 25
$15.0M
Q3 25
$22.1M
Q2 25
$8.2M
Q1 25
$6.6M
Q4 24
$22.2M
Q3 24
$10.2M
Q2 24
$155.1M
$18.5M
Q1 24
$7.2M
Free Cash Flow
TIGR
TIGR
VCEL
VCEL
Q4 25
$12.8M
Q3 25
$19.5M
Q2 25
$81.0K
Q1 25
$-7.6M
Q4 24
$8.5M
Q3 24
$-9.2M
Q2 24
$153.8M
$1.8M
Q1 24
$-6.8M
FCF Margin
TIGR
TIGR
VCEL
VCEL
Q4 25
13.8%
Q3 25
28.8%
Q2 25
0.1%
Q1 25
-14.5%
Q4 24
11.2%
Q3 24
-15.9%
Q2 24
92.4%
3.4%
Q1 24
-13.3%
Capex Intensity
TIGR
TIGR
VCEL
VCEL
Q4 25
2.4%
Q3 25
3.9%
Q2 25
12.9%
Q1 25
27.0%
Q4 24
18.3%
Q3 24
33.5%
Q2 24
0.8%
31.8%
Q1 24
27.3%
Cash Conversion
TIGR
TIGR
VCEL
VCEL
Q4 25
0.65×
Q3 25
4.35×
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
10.20×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

TIGR
TIGR

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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