Futu Holdings (FUTU) financial statements

Financial Services · Capital Markets · Market cap $13.9B

Futu Holdings reported revenue of 10.6B HKD in fiscal 2025, up 65.8% a year over 8 years.

Net income was 11.3B HKD and the operating margin 133.2%, against 1.8% in 2017.

Free cash flow was 40.7B HKD, and the company returned 2.2B HKD in dividends.

The diluted share count rose 180% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (HKD).

-200204060201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in HKD, from Futu Holdings's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Revenue185M HKD408M HKD511M HKD2.0B HKD3.9B HKD4.0B HKD3.9B HKD6.0B HKD10.6B HKD
Cost of revenue109M HKD250M HKD282M HKD696M HKD1.2B HKD996M HKD1.5B HKD2.4B HKD2.9B HKD
Gross profit203M HKD562M HKD780M HKD2.6B HKD5.9B HKD6.6B HKD8.5B HKD11.1B HKD19.9B HKD
Research and development96M HKD151M HKD262M HKD513M HKD805M HKD1.2B HKD1.4B HKD1.5B HKD1.9B HKD
Selling, general and admin99M HKD202M HKD330M HKD634M HKD1.9B HKD1.8B HKD2.0B HKD3.0B HKD3.9B HKD
Operating income3M HKD201M HKD178M HKD1.5B HKD3.2B HKD3.6B HKD5.0B HKD6.6B HKD14.1B HKD
Interest expense20M HKD96M HKD89M HKD185M HKD377M HKD293M HKD911M HKD——
Pre-tax income3M HKD201M HKD178M HKD1.5B HKD3.2B HKD3.4B HKD5.0B HKD6.5B HKD13.7B HKD
Income tax11M HKD62M HKD12M HKD125M HKD375M HKD414M HKD748M HKD998M HKD2.4B HKD
Net income-8M HKD139M HKD166M HKD1.3B HKD2.8B HKD2.9B HKD4.3B HKD5.4B HKD11.3B HKD
EPS (diluted)-0.14 HKD0.07 HKD0.16 HKD1.26 HKD—————
Diluted shares404M512M918M1.05B1.22B1.15B1.12B1.12B1.13B
Gross margin109.5%137.7%152.5%131.4%151.0%165.1%214.8%184.4%188.3%
Operating margin1.8%49.2%34.9%72.9%81.3%89.1%126.9%109.5%133.2%
Net margin-4.4%33.9%32.4%66.6%71.8%73.0%108.5%90.0%107.2%

Balance sheet

Fiscal years, in HKD, from Futu Holdings's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Cash and short-term investments375M HKD216M HKD363M HKD1.0B HKD5.7B HKD5.7B HKD8.1B HKD14.1B HKD17.2B HKD
Total current assets———70.8B HKD100.7B HKD93.1B HKD95.4B HKD155.9B HKD223.7B HKD
Property, plant and equipment—23M HKD118M HKD108M HKD176M HKD146M HKD125M HKD188M HKD164M HKD
Goodwill————————110M HKD
Total assets—16.1B HKD21.4B HKD71.3B HKD101.5B HKD94.5B HKD97.1B HKD158.8B HKD228.4B HKD
Total current liabilities———62.9B HKD80.4B HKD73.5B HKD72.4B HKD130.6B HKD187.7B HKD
Total liabilities—15.0B HKD18.9B HKD63.0B HKD80.6B HKD73.6B HKD72.6B HKD130.8B HKD188.1B HKD
Shareholders' equity-233M HKD-150M HKD2.5B HKD8.3B HKD21.0B HKD20.9B HKD24.6B HKD28.0B HKD40.0B HKD
Net debt-375M HKD-216M HKD-363M HKD-1.0B HKD-4.6B HKD-5.0B HKD-4.9B HKD-11.7B HKD-10.5B HKD

Cash flow

Fiscal years, in HKD, from Futu Holdings's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Operating cash flow1.9B HKD4.5B HKD2.0B HKD20.5B HKD6.0B HKD3.5B HKD-6.3B HKD31.0B HKD40.8B HKD
Capital spending7M HKD19M HKD118M HKD45M HKD70M HKD91M HKD78M HKD168M HKD55M HKD
Free cash flow1.8B HKD4.5B HKD1.9B HKD20.4B HKD5.9B HKD3.4B HKD-6.4B HKD30.8B HKD40.7B HKD
Stock-based compensation10M HKD10M HKD16M HKD33M HKD99M HKD205M HKD291M HKD335M HKD343M HKD
Dividends paid————————2.2B HKD
Share buybacks (net)————-1.2B HKD-3.1B HKD-875M HKD——
Free cash flow margin999.3%1091.1%362.0%1025.7%151.8%84.4%-162.6%510.0%385.3%
Dividends per share————————1.90 HKD
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Questions

What was Futu Holdings's revenue in 2025?

10.6B HKD in fiscal 2025, from its 10-K filing.

How much free cash flow does Futu Holdings generate?

40.7B HKD in fiscal 2025 (operating cash flow minus capital spending).

From Futu Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.