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Futu Holdings Limited Financials

FUTU
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December
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This page shows Futu Holdings Limited (FUTU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue
$1.7B
YoY+36.5%
5Y CAGR+66.6%

Futu Holdings Limited generated $1.7B in revenue in fiscal year 2024. This represents an increase of 36.5% from the prior year.

EBITDA
$861.5M
YoY+32.8%

Futu Holdings Limited's EBITDA was $861.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.8% from the prior year.

Free Cash Flow
$4.0B
YoY+583.2%
5Y CAGR+75.6%

Futu Holdings Limited generated $4.0B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 583.2% from the prior year.

Net Income
$700.7M
YoY+27.8%
5Y CAGR+101.2%

Futu Holdings Limited reported $700.7M in net income in fiscal year 2024. This represents an increase of 27.8% from the prior year.

EPS (Diluted)
$0.63
YoY+28.6%
5Y CAGR+99.4%

Futu Holdings Limited earned $0.63 per diluted share (EPS) in fiscal year 2024. This represents an increase of 28.6% from the prior year.

Cash & Debt
$1.5B
YoY+138.0%
5Y CAGR+100.4%

Futu Holdings Limited held $1.5B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
N/A
Gross Margin
82.0%
YoY-2.6pp
5Y CAGR+8.6pp

Futu Holdings Limited's gross margin was 82.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.

Operating Margin
48.7%
YoY-1.3pp

Futu Holdings Limited's operating margin was 48.7% in fiscal year 2024, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin
40.1%
YoY-2.7pp
5Y CAGR+24.4pp

Futu Holdings Limited's net profit margin was 40.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity
19.4%
YoY+2.0pp
5Y CAGR+12.9pp

Futu Holdings Limited's ROE was 19.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

R&D Spending
$192.3M
YoY+4.2%
5Y CAGR+41.7%

Futu Holdings Limited invested $192.3M in research and development in fiscal year 2024. This represents an increase of 4.2% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$21.6M
YoY+116.6%
5Y CAGR+7.3%

Futu Holdings Limited invested $21.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 116.6% from the prior year.

FUTU Income Statement

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Revenue N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A

FUTU Balance Sheet

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Total Assets $20.4B+64.3% $12.4B+2.7% $12.1B-7.0% $13.0B+41.5% $9.2B+234.9% $2.7B
Current Assets $20.1B+64.3% $12.2B+2.4% $11.9B-7.6% $12.9B N/A N/A
Cash & Equivalents $1.5B+138.0% $632.1M-1.9% $644.6M+10.4% $584.0M+337.6% $133.4M+186.7% $46.5M
Inventory N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $16.8B+81.2% $9.3B-1.6% $9.4B-8.6% $10.3B+27.0% $8.1B+235.9% $2.4B
Current Liabilities $16.8B+81.3% $9.3B-1.6% $9.4B-8.5% $10.3B N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity $3.6B+14.6% $3.1B+17.6% $2.7B-0.6% $2.7B+151.1% $1.1B+227.5% $327.2M
Retained Earnings $1.9B+29.7% $1.5B+60.3% $907.4M+70.4% $532.4M+207.5% $173.1M+7955.8% $2.1M

FUTU Cash Flow Statement

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Operating Cash Flow N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A

FUTU Financial Ratios

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Gross Margin N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A
Current Ratio 1.19-0.1 1.32+0.1 1.27+0.0 1.25 N/A N/A
Debt-to-Equity 4.67+1.7 2.95-0.6 3.53-0.3 3.84-3.7 7.59+0.2 7.40
FCF Margin N/A N/A N/A N/A N/A N/A

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 68 / 100
Financial Profile 68/100
Profitability
100
Growth
100
Leverage
0
Liquidity
28
Cash Flow
100
Returns
78

Based on FY2024 annual data. Scores normalized against common benchmarks.

Altman Z-Score Distress
1.28

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Weak
3/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed
5.69x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Futu Holdings Limited's annual revenue?

Futu Holdings Limited (FUTU) reported $1.7B in total revenue for fiscal year 2024. This represents a 36.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Futu Holdings Limited's revenue growing?

Futu Holdings Limited (FUTU) revenue grew by 36.5% year-over-year, from $1.3B to $1.7B in fiscal year 2024.

Is Futu Holdings Limited profitable?

Yes, Futu Holdings Limited (FUTU) reported a net income of $700.7M in fiscal year 2024, with a net profit margin of 40.1%.

What is Futu Holdings Limited's earnings per share (EPS)?

Futu Holdings Limited (FUTU) reported diluted earnings per share of $0.63 for fiscal year 2024. This represents a 28.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Futu Holdings Limited's EBITDA?

Futu Holdings Limited (FUTU) had EBITDA of $861.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Futu Holdings Limited's gross margin?

Futu Holdings Limited (FUTU) had a gross margin of 82.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Futu Holdings Limited's operating margin?

Futu Holdings Limited (FUTU) had an operating margin of 48.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Futu Holdings Limited's net profit margin?

Futu Holdings Limited (FUTU) had a net profit margin of 40.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Futu Holdings Limited's return on equity (ROE)?

Futu Holdings Limited (FUTU) has a return on equity of 19.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Futu Holdings Limited's free cash flow?

Futu Holdings Limited (FUTU) generated $4.0B in free cash flow during fiscal year 2024. This represents a 583.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Futu Holdings Limited's operating cash flow?

Futu Holdings Limited (FUTU) generated $4.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Futu Holdings Limited's total assets?

Futu Holdings Limited (FUTU) had $20.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Futu Holdings Limited's capital expenditures?

Futu Holdings Limited (FUTU) invested $21.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Futu Holdings Limited spend on research and development?

Futu Holdings Limited (FUTU) invested $192.3M in research and development during fiscal year 2024.

What is Futu Holdings Limited's current ratio?

Futu Holdings Limited (FUTU) had a current ratio of 1.19 as of fiscal year 2024, which is considered adequate.

What is Futu Holdings Limited's debt-to-equity ratio?

Futu Holdings Limited (FUTU) had a debt-to-equity ratio of 4.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Futu Holdings Limited's return on assets (ROA)?

Futu Holdings Limited (FUTU) had a return on assets of 3.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Futu Holdings Limited's Altman Z-Score?

Futu Holdings Limited (FUTU) has an Altman Z-Score of 1.28, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Futu Holdings Limited's Piotroski F-Score?

Futu Holdings Limited (FUTU) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Futu Holdings Limited's earnings high quality?

Futu Holdings Limited (FUTU) has an earnings quality ratio of 5.69x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

How financially healthy is Futu Holdings Limited?

Futu Holdings Limited (FUTU) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.