Futu Holdings Limited (FUTU) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FUTU SEC filings page.
Futu Holdings Limited (FUTU) reported $2.9B in revenue for fiscal year 2025, up 67.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Futu’s dominant mechanic is rapid operating expansion: higher revenue is flowing through to profit and cash while liabilities remain central to funding.
Operating cash flow swung from-$811M in FY2023 to$5.2B in FY2025, turning the earnings model into a much stronger cash generator. Over the same span, operating margin rose from50.0% to61.6% , indicating that expansion was accompanied by improved operating efficiency rather than volume alone.
FY2025 liabilities of
FY2025 operating cash flow of
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Futu Holdings Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Futu Holdings Limited earned a return on assets of 5.0% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 3.4% the prior year. Earnings ranks banks on that return over three years, and Futu Holdings Limited scores 97/100 among other banks.
Futu Holdings Limited reported revenue of $2.9B in fiscal year 2025, against $1.7B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Futu Holdings Limited scores 92/100 among other banks.
Futu Holdings Limited funded 17.5% of its assets with shareholders' equity at the end of fiscal year 2025, holding $5.1B of equity against $29.3B of assets. Capital ranks banks on that cushion, and Futu Holdings Limited scores 83/100 among other banks.
Not available for Futu Holdings Limited, and counted as zero in the overall score.
Not available for Futu Holdings Limited, and counted as zero in the overall score.
Futu Holdings Limited reported net income of $1.5B in fiscal year 2025, against $700.7M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Futu Holdings Limited scores 29/100 among other banks.
Futu Holdings Limited passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Futu Holdings Limited generates $3.60 in operating cash flow ($5.2B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Futu Holdings Limited held $1.3B in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
FUTU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FUTU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K |
|---|---|---|---|---|---|---|---|
| Total Assets | $29.3B+43.6% | $20.4B+64.3% | $12.4B+2.7% | $12.1B-7.0% | $13.0B+41.5% | $9.2B+234.9% | $2.7B |
| Current Assets | $28.7B+43.2% | $20.1B+64.3% | $12.2B+2.4% | $11.9B-7.6% | $12.9B | N/A | N/A |
| Cash & Equivalents | $1.3B-10.6% | $1.5B+138.0% | $632.1M-1.9% | $644.6M+10.4% | $584.0M+337.6% | $133.4M+186.7% | $46.5M |
| Short-Term Investments | $859.4M+176.9% | $310.4M-22.2% | $398.8M+360.8% | $86.5M-42.3% | $150.0M | $0 | $0 |
| Long-Term Investments | $79.0M+7.1% | $73.8M+141.6% | $30.5M-0.6% | $30.7M+924.5% | $3.0M | $0 | $0 |
| Total Liabilities | $24.2B+43.6% | $16.8B+81.2% | $9.3B-1.6% | $9.4B-8.6% | $10.3B+27.0% | $8.1B+235.9% | $2.4B |
| Current Liabilities | $24.1B+43.4% | $16.8B+81.3% | $9.3B-1.6% | $9.4B-8.5% | $10.3B | N/A | N/A |
| Non-Current Liabilities | $53.4M+194.3% | $18.1M+4.6% | $17.3M+17.3% | $14.8M-34.0% | $22.4M | N/A | N/A |
| Total Equity | $5.1B+42.5% | $3.6B+14.6% | $3.1B+17.6% | $2.7B-0.6% | $2.7B+151.1% | $1.1B+227.5% | $327.2M |
| Retained Earnings | $3.3B+77.0% | $1.9B+29.7% | $1.5B+60.3% | $907.4M+70.4% | $532.4M+207.5% | $173.1M+7955.8% | $2.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
FUTU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FUTU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Futu Holdings Limited FUTU | FY2025 | $2.9B | $1.5B | 49.6% | $14.3B | 50/100 |
| Tradeweb Markets Inc. TW | FY2025 | $2.1B | $812.8M | 39.6% | $21.6B | 52/100 |
| LPL Financial Holdings Inc. LPLA | FY2025 | $17.0B | $863.0M | 5.1% | $24.9B | 54/100 |
| Jefferies Financial Group Inc. JEF | FY2025 | $7.3B | $682.0M | 9.3% | $10.6B | 41/100 |
| Evercore Inc. EVR | FY2025 | $3.9B | $592.0M | 15.3% | $10.1B | 52/100 |
| Houlihan Lokey, Inc. HLI | FY2026 | $2.6B | $424.0M | 16.2% | $8.8B | 54/100 |
Where Futu Holdings Limited Ranks
Frequently Asked Questions
What is Futu Holdings Limited's annual revenue?
Futu Holdings Limited (FUTU) reported $2.9B in total revenue for fiscal year 2025. This represents a 67.8% 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 67.8% year-over-year, from $1.7B to $2.9B in fiscal year 2025.
Is Futu Holdings Limited profitable?
Yes, Futu Holdings Limited (FUTU) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 49.6%.
What is Futu Holdings Limited's EBITDA?
Futu Holdings Limited (FUTU) had EBITDA of $1.8B in fiscal year 2025, 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 87.1% in fiscal year 2025, 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 61.6% in fiscal year 2025, 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 49.6% in fiscal year 2025, 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 28.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Futu Holdings Limited's free cash flow?
Futu Holdings Limited (FUTU) generated $5.2B in free cash flow during fiscal year 2025. This represents a 31.9% 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 $5.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Futu Holdings Limited's total assets?
Futu Holdings Limited (FUTU) had $29.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Futu Holdings Limited's capital expenditures?
Futu Holdings Limited (FUTU) invested $7.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Futu Holdings Limited spend on research and development?
Futu Holdings Limited (FUTU) invested $245.2M in research and development during fiscal year 2025.
What is Futu Holdings Limited's current ratio?
Futu Holdings Limited (FUTU) had a current ratio of 1.19 as of fiscal year 2025, 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 4.70 as of fiscal year 2025, 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 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Futu Holdings Limited's P/E ratio?
Futu Holdings Limited (FUTU) trades at 9.8x earnings, its market capitalization divided by net income of $1.5B net income, FY2025. The market capitalization is $14.3B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Futu Holdings Limited's price-to-sales ratio?
Futu Holdings Limited (FUTU) trades at 4.9x sales, its market capitalization divided by revenue of $2.9B revenue, FY2025. The market capitalization is $14.3B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Futu Holdings Limited's Piotroski F-Score?
Futu Holdings Limited (FUTU) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Futu Holdings Limited's earnings high quality?
Futu Holdings Limited (FUTU) has an earnings quality ratio of 3.60x, 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. Learn more in our complete guide to financial health indicators.
How financially healthy is Futu Holdings Limited?
Futu Holdings Limited (FUTU) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.