FUTU financial statements

The full income statement, balance sheet, and cash-flow statement for Futu Holdings Limited American Depositary Shares (FUTU), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 50.5M2018-12 50.5M2019-12 114.7M2020-12 135.6M2021-12 150.4M2022-12 139.7M2023-12 137.8M2024-12 139.1M2025-12 140.2M+177.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.94B YoY+67.8%	1.75B YoY+36.5%	1.28B YoY+31.3%	976M YoY+7.0%	912M YoY+113.6%
	2.56B YoY+78.2%	1.43B YoY+32.3%	1.08B YoY+27.9%	848M YoY+12.0%	758M YoY+124.6%
Cost of revenue	378M YoY+20.1%	315M YoY+60.1%	197M YoY+54.0%	128M YoY-17.4%	155M YoY+72.3%
	748M YoY+28.5%	582M YoY+31.3%	444M YoY+13.5%	391M YoY+11.8%	350M YoY+136.3%
Research & development	245M YoY+27.5%	192M YoY+4.2%	184M YoY+17.8%	157M YoY+51.7%	103M YoY+56.0%
Selling, general & administrative	249M YoY+19.2%	209M YoY+24.0%	168M YoY+40.9%	119M YoY+76.0%	67.8M YoY+111.7%
General & administrative	249M YoY+19.2%	209M YoY+24.0%	168M YoY+40.9%	119M YoY+76.0%	67.8M YoY+111.7%
Selling & marketing	254M YoY+40.2%	181M YoY+99.5%	90.9M YoY-20.8%	115M YoY-35.7%	178M YoY+259.1%
Amortization of intangibles	—	2.63M YoY+20.3%	2.19M YoY+156.0%	856K YoY+187.0%	298K YoY+60.7%
Noninterest expense	899M YoY+31.1%	686M YoY+31.3%	522M YoY+9.0%	479M YoY+4.8%	457M YoY+114.0%
Operating income	1.81B YoY+112.2%	852M YoY+33.0%	641M YoY+40.7%	456M YoY+11.3%	409M YoY+118.9%
Interest expense	—	—	116M YoY+211.4%	37.4M YoY-23.0%	48.5M YoY+103.2%
Interest & investment income	1.34B YoY+56.3%	858M YoY+21.1%	709M YoY+72.0%	412M YoY+27.6%	323M YoY+159.2%
Other non-operating income	-47.2M YoY-324.6%	-11.1M YoY-359.7%	4.28M YoY+115.9%	-27.0M YoY-8576.7%	318K YoY+114.3%
Equity-method income	-6.63M YoY+50.4%	-13.4M YoY-674.3%	-1.73M YoY+24.0%	-2.27M	0.00 YoY+100.0%
Pre-tax income	1.76B YoY+109.4%	841M YoY+30.4%	645M YoY+49.9%	431M YoY+5.4%	408M YoY+118.3%
Income tax	303M YoY+135.9%	129M YoY+34.1%	95.8M YoY+80.6%	53.1M YoY+10.3%	48.1M YoY+198.8%
	1.46B YoY+107.9%	701M YoY+27.8%	548M YoY+46.1%	375M YoY+4.1%	360M YoY+110.8%
Net income to non-controlling interest	-4.60M YoY-256.1%	-1.29M YoY-300.0%	-323K YoY-4514.3%	-7.00K	—
Net income to common	1.45B YoY+108.5%	698M YoY+27.6%	547M YoY+46.3%	374M YoY+3.7%	360M YoY+110.8%
	$10.32 YoY+104.8%	$5.04 YoY+28.6%	$3.92 YoY+48.5%	$2.64 YoY+10.0%	$2.40 YoY+87.5%
EPS (basic)	$10.48 YoY+107.9%	$5.04 YoY+26.0%	$4.00 YoY+51.5%	$2.64 YoY+10.0%	$2.40 YoY+87.5%
	139M YoY+0.9%	138M YoY-0.1%	138M YoY-3.0%	142M YoY-5.1%	150M YoY+15.8%
	141M YoY+0.9%	140M YoY+0.1%	140M YoY-2.7%	144M YoY-5.6%	152M YoY+16.1%
Dividends per share	$1.96	—	—	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	28.7B YoY+43.2%	20.1B YoY+64.3%	12.2B YoY+2.4%	11.9B YoY-7.6%	12.9B YoY+41.3%
Cash & equivalents	1.34B YoY-10.6%	1.50B YoY+138.0%	632M YoY-1.9%	645M YoY+10.4%	584M YoY+337.6%
Short-term investments	859M YoY+176.9%	310M YoY-22.2%	399M YoY+360.8%	86.5M YoY-42.3%	150M
Other current assets	29.0M YoY+40.3%	20.6M YoY+19.0%	17.3M YoY+32.3%	13.1M YoY+25.3%	10.5M YoY-24.1%
	29.3B YoY+43.6%	20.4B YoY+64.3%	12.4B YoY+2.7%	12.1B YoY-7.0%	13.0B YoY+41.5%
Property, plant & equipment	21.1M YoY-12.7%	24.2M YoY+51.0%	16.0M YoY-14.4%	18.7M YoY-17.1%	22.5M YoY+61.3%
Operating lease right-of-use	73.2M YoY+124.6%	32.6M YoY+13.6%	28.7M YoY+13.7%	25.2M YoY-19.3%	31.3M YoY+16.1%
Goodwill	14.2M	—	—	—	—
Intangible assets	14.1M YoY+28.0%	11.0M YoY+19.5%	9.23M YoY+32.3%	6.98M YoY+216.1%	2.21M YoY+67.5%
Long-term investments	79.0M YoY+7.1%	73.8M YoY+141.6%	30.5M YoY-0.6%	30.7M YoY+924.5%	3.00M
Other non-current assets	445M YoY+70.5%	261M YoY+66.1%	157M YoY+26.9%	124M YoY+69.6%	72.9M YoY+97.4%
Total non-current assets	615M YoY+66.4%	370M YoY+69.0%	219M YoY+18.6%	184M YoY+72.0%	107M YoY+67.8%
	24.1B YoY+43.4%	16.8B YoY+81.3%	9.27B YoY-1.6%	9.42B YoY-8.5%	10.3B YoY+27.1%
Deferred revenue	—	—	—	157K YoY-60.0%	392K YoY+2.8%
Current lease liability	25.7M YoY+38.3%	18.6M YoY+26.6%	14.7M YoY+4.7%	14.0M YoY+12.9%	12.4M YoY+45.1%
Other current liabilities	8.63M YoY-15.3%	10.2M YoY+15.2%	8.84M YoY+30.8%	6.76M YoY+176.6%	2.44M YoY-60.4%
	24.2B YoY+43.6%	16.8B YoY+81.2%	9.29B YoY-1.6%	9.44B YoY-8.6%	10.3B YoY+27.0%
Deferred revenue (non-current)	—	—	—	588K YoY-22.4%	758K YoY+11.0%
Non-current lease liability	50.6M YoY+195.7%	17.1M YoY+8.4%	15.8M YoY+21.1%	13.0M YoY-37.9%	21.0M YoY+4.4%
Operating lease liability (total)	76.3M YoY+113.8%	35.7M YoY+17.2%	30.5M YoY+12.6%	27.1M YoY-19.0%	33.4M YoY+16.6%
Other non-current liabilities	2.82M YoY+171.6%	1.04M YoY-33.5%	1.56M YoY-10.7%	1.75M YoY+24.4%	1.40M YoY-22.3%
Total non-current liabilities	53.4M YoY+194.3%	18.1M YoY+4.6%	17.3M YoY+17.3%	14.8M YoY-34.0%	22.4M YoY+2.2%
	5.14B YoY+42.5%	3.61B YoY+14.6%	3.15B YoY+17.6%	2.67B YoY-0.6%	2.69B YoY+151.1%
Additional paid-in capital	2.46B YoY+1.7%	2.42B YoY+2.5%	2.36B YoY+1.5%	2.33B YoY+1.2%	2.30B YoY+156.2%
Retained earnings	3.34B YoY+77.0%	1.89B YoY+29.7%	1.45B YoY+60.3%	907M YoY+70.4%	532M YoY+207.5%
Treasury stock	668M YoY-0.2%	669M YoY+0.6%	666M YoY+20.1%	554M YoY+266.8%	151M
Accumulated other comprehensive income	6.62M YoY+120.6%	-32.2M YoY-408.4%	-6.33M YoY-3.2%	-6.13M YoY-163.0%	9.74M YoY+1417.4%
Non-controlling interest	41.1M YoY+4808.5%	-873K YoY-327.9%	383K YoY+1176.7%	30.0K	—
Total equity incl. non-controlling	5.18B YoY+43.7%	3.61B YoY+14.6%	3.15B YoY+17.6%	2.67B YoY-0.6%	2.69B
Total liabilities & equity	29.3B YoY+43.6%	20.4B YoY+64.3%	12.4B YoY+2.7%	12.1B YoY-7.0%	13.0B YoY+41.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.24B YoY+31.3%	3.99B YoY+591.8%	-811M YoY-282.2%	445M YoY-42.2%	771M YoY-70.8%
Depreciation & amortization	9.29M YoY+3.2%	9.00M YoY+15.5%	7.79M YoY+11.1%	7.01M YoY+50.1%	4.67M YoY+33.0%
Intangible amortization	—	2.63M YoY+20.3%	2.19M YoY+156.0%	856K YoY+187.0%	298K YoY+60.7%
Deferred income taxes	-10.1M YoY-340.5%	-2.30M YoY-22.1%	-1.89M YoY+71.7%	-6.66M YoY-141.4%	-2.76M YoY-62.7%
	-229M YoY-1812.5%	13.4M YoY+104.3%	-313M YoY-2701.4%	12.0M YoY+109.7%	-124M YoY-292.3%
Capital expenditure	7.03M YoY-67.4%	21.6M YoY+116.6%	9.96M YoY-14.2%	11.6M YoY+28.5%	9.03M YoY+56.9%
Free cash flow	5.23B YoY+31.9%	3.97B YoY+583.2%	-821M YoY-289.3%	434M YoY-43.1%	762M YoY-71.1%
Acquisitions	0.00	0.00	0.00	0.00	0.00
	552M YoY+5952.5%	9.12M YoY-96.9%	295M YoY+132.9%	-898M YoY-166.4%	1.35B YoY+24.8%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00 YoY-100.0%	1.39B YoY+361.3%
Common stock repurchased	0.00	0.00 YoY-100.0%	112M YoY-72.2%	403M YoY+166.8%	151M
Dividends paid	276M	0.00	0.00	0.00	0.00
FX effect on cash	—	—	—	—	21.4M YoY+14980.6%
Net change in cash	5.59B YoY+40.1%	3.99B YoY+586.8%	-820M YoY-79.0%	-458M YoY-122.7%	2.02B YoY-45.2%
Interest paid	230M YoY+13.6%	203M YoY+80.6%	112M YoY+193.8%	38.2M YoY-18.8%	47.1M YoY+100.8%
Income taxes paid	212M YoY+115.6%	98.1M YoY+9.6%	89.5M YoY+0.4%	89.1M YoY+575.3%	13.2M YoY+529.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	23.0B YoY+105.4%	11.2B YoY+42.5%	7.86B YoY+26.8%	6.20B YoY-6.1%	6.60B YoY+9.9%
P/E	15.8× YoY-1.2%	16.0× YoY-23.7%	21.0× YoY+21.8%	17.2× YoY-6.1%	18.3× YoY-47.8%
P/S	7.8× YoY+22.5%	6.4× YoY-20.5%	8.1× YoY+18.5%	6.8× YoY-6.1%	7.2× YoY-48.5%
P/B	4.5× YoY+44.2%	3.1× YoY+5.7%	2.9× YoY+27.6%	2.3× YoY-6.1%	2.5× YoY-56.2%
P/FCF	4.4× YoY+55.8%	2.8× YoY-84.4%	18.1× YoY+122.7%	8.1× YoY-6.1%	8.7× YoY+279.9%
	6.3% YoY+1.2%	6.3% YoY+31.0%	4.8% YoY-17.9%	5.8% YoY+6.5%	5.5% YoY+91.7%
	22.7% YoY-35.8%	35.4% YoY+541.9%	5.5% YoY-55.1%	12.3% YoY+6.5%	11.5% YoY-73.7%
	1.2%	—	—	—	—
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: FUTU's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FUTU filings on SEC EDGAR → Not investment advice.