Moomoo's Parent Company Futu Achieves Consecutive Growth in Q4 and Full Year 2025

Rhea-AI Summary

Futu (Nasdaq: FUTU) reported strong Q4 2025 and full-year results, with Q4 revenue of US$827.2M (+45.3% YoY) and Q4 non-GAAP net income of US$444.0M (+77.0% YoY). For 2025, revenue reached US$2.94B (+68.1% YoY) and non-GAAP net income was US$1.50B (+101.9% YoY).

Key operational gains include 954,090 net new funded accounts (119% of guidance), year-end client assets of US$158.4B (+66% YoY), FY trading volume ~US$1.89T (+89% YoY), and AUM of US$23.1B (+62% YoY).

Positive

• Q4 revenue US$827.2 million (+45.3% YoY)
• FY revenue US$2.94 billion (+68.1% YoY)
• Q4 non-GAAP net income US$444.0 million (+77.0% YoY)
• FY non-GAAP net income US$1.50 billion (+101.9% YoY)
• Net new funded accounts 954,090 (119% of 800,000 guidance)
• Year-end client assets US$158.4 billion (+66% YoY)
• FY trading volume ~US$1.89 trillion (+89% YoY)
• AUM US$23.1 billion (+62% YoY)

Negative

• None.

News Market Reaction – FUTU

-6.31%

21 alerts

-6.31% Session close to close

$19.88B Market Cap

1.2x Rel. Volume

In the Mar 12 session, FUTU declined 6.31%, reflecting a notable negative market reaction. Our momentum scanner triggered 21 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.3% in the session following this news. A negative reaction despite strong topline...

Analysis

The stock moved -6.3% in the session following this news. A negative reaction despite strong topline and earnings growth would fit a pattern where FUTU’s positive operational updates sometimes met with cautious price responses. With Q4 trading volume at US$511 billion and year-end client assets of US$158.4 billion, any selloff could reflect profit-taking or macro concerns rather than the figures alone. Past episodes show that even constructive news, such as IPO access or marketing wins, occasionally preceded short-term weakness before sentiment reset.

Key Figures

Q4 2025 revenue: US$827.2 million Q4 2025 non-GAAP net income: US$444.0 million 2025 revenue: US$2.94 billion +5 more

8 metrics

Q4 2025 revenue US$827.2 million Unaudited Q4 2025; up 45.3% YoY

Q4 2025 non-GAAP net income US$444.0 million Unaudited Q4 2025; up 77.0% YoY

2025 revenue US$2.94 billion Full year 2025; up 68.1% YoY

2025 non-GAAP net income US$1.50 billion Full year 2025; up 101.9% YoY

Net new funded accounts 2025 954,090 accounts 2025; 119% of 800,000 guidance

Year-end client assets US$158.4 billion End of 2025; 66% YoY increase

Q4 2025 trading volume US$511 billion Q4 2025; 38% YoY growth

Wealth AUM US$23.1 billion Wealth management AUM; 62% YoY growth

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 26	Blockchain share access	Positive	+1.1%	First U.S. retail access to Figure’s SEC-registered blockchain-native equity.
Feb 24	Education initiative	Positive	-1.9%	Awarding $10,000 prize in student paper trading competition with moomoo platform.
Feb 24	Earnings date notice	Neutral	-1.9%	Announcement of timing for Q4 and full-year 2025 results and conference call.
Jan 23	IPO access expansion	Positive	-0.2%	Moomoo representing just under 10% of BitGo IPO with heavy subscriber demand.
Dec 01	Marketing campaign	Positive	+0.6%	Large NYC OOH ‘Trade Smart’ campaign targeting 3.4M daily commuters.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent operational and product news has often seen mixed or contrary short-term price reactions, with several positive platform/access announcements followed by flat or negative moves.

Recent Company History

Over the last six months, Futu/Moomoo news has focused on product innovation, market access, and brand-building. Highlights include expanded retail access to the BitGo IPO on Jan 23, 2026, acting as the first U.S. brokerage for a blockchain-native equity offering on Feb 26, 2026, and large-scale NYC and education campaigns reaching millions of potential users. Price reactions to these generally positive updates have been modest, suggesting investors weighed execution and macro factors alongside growth initiatives when digesting news prior to today’s strong 2025 earnings release.

Key Terms

non-gaap, aum, on-chain public equities, blockchain-native, +4 more

8 terms

non-gaap financial

"US$444.0 million in non-GAAP adjusted net income, up 77.0% YoY."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

aum financial

"assets under management (AUM) reaching US$23.1 billion, a 62% YoY growth"

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

on-chain public equities technical

"first brokerage enabling retail investors to trade on-chain public equities, including"

On-chain public equities are regular company shares represented as digital records on a blockchain ledger, so ownership and transfers are recorded in a tamper-resistant, publicly visible system instead of only in traditional registrar books. For investors this matters because it can make buying, selling and splitting shares faster and allow fractional ownership and clearer audit trails, while also introducing technology and regulatory risks that affect tradeability and custody.

blockchain-native technical

"blockchain-native share offering -- the first SEC-registered public equity issued"

Software, products or services described as blockchain-native are built from the ground up to run on a distributed digital ledger rather than being adapted from traditional systems. For investors this matters because blockchain-native offerings rely on network effects, token economics, and the security and speed of the underlying ledger, so they can offer new revenue models and efficiencies but also carry unique scalability, regulatory and custody risks—think of a boat designed for water versus a car put on a raft.

cryptocurrency trading technical

"For cryptocurrency trading, the Company added more than 10 new coins"

Cryptocurrency trading is buying and selling digital tokens that represent value or rights, done in online marketplaces rather than traditional stock exchanges. Investors care because these markets can move quickly and unpredictably—like a roller-coaster compared with a calm highway—offering chances for big gains but also large losses, plus unique risks around security, custody and regulation that can affect the safety and price of holdings.

structured notes financial

"coverage to include Options, IPOs, Structured Notes, Bonds, and ETFs"

Structured notes are investment contracts issued by banks that combine a regular loan-like component with a payment formula tied to the performance of stocks, indexes, interest rates or other assets. Think of them as a customized financial recipe: they can offer higher potential returns or partial downside protection compared with a plain bond, but those benefits depend on complex terms and the issuer’s ability to pay. Investors should care because structured notes mix market exposure with issuer credit risk, limited liquidity and fees, so outcomes can be hard to predict and may differ from plain stock or bond investments.

etfs financial

"Structured Notes, Bonds, and ETFs, now enriched with sophisticated visualized"

ETFs, or exchange-traded funds, are investment funds that hold a collection of stocks, bonds, or other assets, and can be bought or sold on stock exchanges like individual shares. They offer investors an easy way to diversify their holdings and access different markets or sectors without buying multiple individual assets. Because they are traded throughout the day, ETFs provide flexibility and can help investors manage risk while pursuing their financial goals.

ai algo trading technical

"AI Algo Trading feature enabled automated quantitative trading strategy building"

AI algo trading uses computer programs powered by artificial intelligence to buy and sell securities automatically based on patterns the system learns from market data, news, and other signals. Investors care because it can act faster and spot subtle opportunities or risks that humans might miss—like a smart autopilot—but it also brings model errors and unexpected behavior, so performance, testing and oversight directly affect returns and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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JERSEY CITY, N.J., March 12, 2026 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company")(Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q4 2025 earnings with US$827.2 million in revenues, up 45.3% year-over-year ("YoY"), and US$444.0 million in non-GAAP adjusted net income, up 77.0% YoY.

For the year ended December 31, 2025, the Company recorded US$2.94 billion in revenues and US$1.50 billion in non-GAAP adjusted net income, representing a YoY increase of 68.1% and 101.9%, respectively.

Robust Global Expansion Underpinned by Outstanding User and Client Growth, and High-Volume Trading across All Markets

2025 marks another strong year for the Company, with 954,090 net new funded accounts added, achieving 119% of the 800,000 guidance set in early 2025. Client acquisition across the Company's ex-Hong Kong global markets, including the United States (US), Singapore, Australia, Japan, Canada, Malaysia, and New Zealand, recorded a 27% YoY growth in annual net new funded accounts.

By the end of 2025, the Company reported 3.37 million funded accounts, 5.95 million brokerage accounts, and 29.18 million users across all markets. Year-end client assets surged to US$158.4 billion, marking a 66% YoY increase -- the highest growth rate in five years.

User and client acquisition remained significant in Q4 across all markets:

• In Hong Kong, the Company achieved further growth, with an already high market penetration of over 50%. Its quarter-over-quarter ("QoQ") brokerage accounts grew steadily, with the funded account surging by double-digit YoY.
• In Singapore, the Company continued to see strong net asset inflow from the high-net-worth sector.
• In Malaysia, registered users and funded accounts both logged a double-digit QoQ increase.
• In Australia, Moomoo pioneered local trading apps with 316,000 annual downloads^[1] in 2025.
• In Japan, year-end client assets tripled YoY, while cumulative downloads^[2] for the Moomoo app surpassed the two-million mark in November.
• In the US, trading clients in Q4 grew by double-digit QoQ, excelling in both scale and quality.
• In Canada, the Company posted 150% YoY growth in funded accounts.

Additionally, Q4 saw vibrant trading activity across all platforms, as the trading volume surged to an all-time high of US$511 billion with 38% YoY growth. Among various assets, the US equities and Hong Kong equities reached US$391.1 billion and US$105.5 billion in trading volume, representing 46% and 9% YoY growth, respectively. The US option traders in Q4 grew 55% YoY, with transactions increasing 85% YoY. The wealth management business also delivered strong performance, with assets under management (AUM) reaching US$23.1 billion, a 62% YoY growth, and the number of clients holding wealth management products increased 43% YoY.

Throughout 2025, the trading volume across the Company's platforms leaped 89% compared to 2024, totaling around US$1.89 trillion.

Expanding Trading Capabilities and Advancing AI-Powered Tools to Solidify Product Leadership

In Q4, the Company rolled out a series of trading capabilities to meet diverse investor needs across global markets. In the US, the Company became the first brokerage enabling retail investors to trade on-chain public equities, including Figure Technology Solutions Inc.'s blockchain-native share offering -- the first SEC-registered public equity issued in blockchain-native form.

In Singapore, the Company introduced CDP-linked trading of SGX-listed stocks and first launched the T+1 FTGF Franklin Ultra Short Duration Income Fund. The Company also expanded the Cash Sweep eligibility to a broader user access in the US.

For cryptocurrency trading, the Company added more than 10 new coins in each of the US and Singapore markets, and integrated the Fear & Greed Index, rankings, and news analysis tools for a streamlined trading experience.

In Q4, the Company has further advanced its AI-powered features by expanding coverage to include Options, IPOs, Structured Notes, Bonds, and ETFs, now enriched with sophisticated visualized charting tools. Additionally, the newly launched AI Algo Trading feature enabled automated quantitative trading strategy building via natural language.

Throughout 2025, the Company secured 14 invention patents worldwide, reinforcing its leadership in proprietary fintech R&D.

Enhancing Engagement with Local and Global Investors

Dedicated to cultivating a vibrant global community that promotes active learning, knowledge sharing, and meaningful connections among investors, in Q4, the Company continued to advance options and cryptocurrency education to empower investors for diversified investment. The Moomoo x Nasdaq 2nd Global Paper Trading Competition highlighted this focus, drawing over 350,000 participants globally. To extend beyond digital channels, Moomoo launched a high-impact out-of-home (OOH) advertising campaign in New York City under the "Trade Smart" theme, reaching an estimated 3.4 million daily commuters. In Malaysia, MooFest attracted around 16,000 registrants, spotlighting enhanced Moomoo AI capabilities, futures trading features, and seamless access to global markets—further driving education and engagement at the local level. This multi-faceted approach reinforces the Company's commitment to building informed, connected investor communities worldwide.

The Company's focus on community building, investor engagement and education translated into tangible market success. By the end of Q4, Moomoo ranked No.1 by accumulated downloads and DAUs in Singapore and Malaysia ^[3]and ranked No.1 by annual downloads in Australia ^[1]. It has earned accolades from the industry:

• "Best Retail Broker" by the Securities Investors Association (Singapore) for three consecutive years
• "Best Global Investment Platform" by Sensor Tower APAC Awards 2025
• "Best ETF Broker" and "Best Broker for Investing in Gold ETFs" by BrokerChooser in the US
• "Canada's Best U.S. Stock Trading Platform" by Benzinga Global Fintech Awards
• "Best in Stocks (North America)" in the broker category by TradingView for two consecutive years

[1]Source: Sensor Tower, calculated from January 1 to December 31, 2025

[2]Source: data.ai, calculated from January 1 to December 31, 2025

[3]Source: data.ai, calculated from January 1 to December 31, 2025

About Moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, Moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, Moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, Moomoo is trusted by more than 29 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.

For more information, please visit Moomoo's official website at www.moomoo.com

Contact:
pr@moomoo.com

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SOURCE moomoo

FAQ

What were FUTU's reported Q4 2025 revenue and net income figures?

Futu reported Q4 2025 revenue of US$827.2M and non-GAAP net income of US$444.0M. According to the company, both metrics rose substantially year-over-year, with revenue up 45.3% and non-GAAP net income up 77.0% versus Q4 2024.

How did FUTU perform for the full year 2025 in revenue and adjusted net income?

For 2025, Futu recorded US$2.94B in revenue and US$1.50B in non-GAAP adjusted net income. According to the company, those represent increases of 68.1% and 101.9% year-over-year, respectively, versus 2024.

How many net new funded accounts did FUTU add in 2025 and how did that compare to guidance?

Futu added 954,090 net new funded accounts in 2025, achieving 119% of its 800,000 guidance. According to the company, growth came from ex-Hong Kong markets including the US, Singapore, Australia, Japan, Canada, Malaysia, and New Zealand.

What was FUTU's trading volume and client asset growth in 2025?

Futu reported FY trading volume of approximately US$1.89 trillion, up 89% year-over-year, and year-end client assets of US$158.4 billion, up 66% year-over-year. According to the company, both metrics hit multi-year highs.

What product and market expansions did FUTU announce in Q4 2025?

In Q4, Futu expanded global trading features including on-chain public equities trading, added crypto listings, CDP-linked SGX trading, and enhanced AI Algo Trading. According to the company, these launches broadened capabilities across the US, Singapore and other markets.