Futu Holdings Ltd
FUTU Nasdaq· Security Brokers, Dealers & Flotation Companies
Last close · Nov 13, 2026
$95.75
Latest fiscal year · FY25 results fiscal year ended Dec 31, 2025 · vs FY24
| Line | FY24 | FY25 | Change (y/y) |
|---|---|---|---|
| Revenue | $1.7B | $2.9B | 68.3% |
| Net income | $698M | $1.5B | 108.5% |
| Diluted EPS | $4.98 | $10.29 | 106.5% |
| Operating margin | 48.7% | 61.6% | 12.9 pts |
| Free cash flow | $4.0B | $5.2B | 32.2% |
Key numbers, fiscal 2025
Market cap
$13.5B
P/E
9.3x
Revenue
$2.9B
Net income
$1.5B
Free cash flow
$5.2B
Operating margin
61.6%
Futu Holdings Ltd in 30 seconds fiscal 2025
Are sales growing?
+68.3%
Yes. Sales grew 68.3% last year.
Does it make a profit?
49.6%
Yes. It keeps 49.6% of every sale as profit.
Does profit turn into cash?
178.3%
Yes. 178.3% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
9.3x
One share costs 9.3 times its yearly profit per share.
What Futu Holdings Ltd does
Futu Holdings operates online investing platforms that let customers trade stocks, options and other investments, borrow money to invest, and buy wealth management products such as funds and bonds. Its services also include market data, investor education, a community where users can interact with companies and financial institutions, and services for institutions and companies. Futubull serves users mainly in Hong Kong and Mainland China, while Moomoo serves clients in several overseas markets. As of December 31, 2025, the platforms had approximately 29.2 million users. Futu reports its business as an online financial services platform, combining securities brokerage and wealth management product distribution with related information and community services.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 15, 2026
- Legal name
- Futu Holdings Ltd
- CIK
- 0001754581
Futu Holdings Ltd · FUTU · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $915M | $972M | $1.3B | $1.7B | $2.9B |
| Revenue growth | 114.4% | 6.2% | 31.5% | 36.2% | 68.3% |
| Gross margin | 83.0% | 86.9% | 84.7% | 82.0% | 87.1% |
| Operating margin | 44.7% | 46.9% | 50.0% | 48.7% | 61.6% |
| Net income | $362M | $374M | $547M | $698M | $1.5B |
| Net margin | 39.5% | 38.4% | 42.8% | 40.1% | 49.6% |
| Diluted EPS | $2.37 | $2.60 | $3.90 | $4.98 | $10.29 |
| Cash | |||||
| Cash from operations | $773M | $444M | −$810M | $4.0B | $5.2B |
| Capital expenditure | $9.1M | $11.6M | $9.9M | $21.5M | $7.0M |
| Free cash flow | $764M | $432M | −$819M | $4.0B | $5.2B |
| FCF margin | 83.5% | 44.4% | −64.1% | 226.8% | 178.3% |
| Dividends paid | — | — | — | — | $276M |
| Share buybacks | $152M | $402M | $112M | — | — |
| Share count change | 16.1% | −5.6% | −2.7% | 0.1% | 0.9% |
| Debt and strength | |||||
| Cash and short-term investments | $734M | $732M | $1.0B | $1.8B | $2.2B |
| Loans, net | $3.7B | — | — | — | — |
| Shareholders' equity | $2.7B | $2.7B | $3.1B | $3.6B | $5.1B |
| Current ratio | 1.3x | 1.3x | 1.3x | 1.2x | 1.2x |
| Interest coverage | 8.4x | 12.2x | 5.5x | — | — |
| Returns and quality | |||||
| Return on equity | 19.2% | 13.9% | 18.8% | 20.7% | 33.3% |
| Return on tangible equity | 13.4% | 14.0% | 17.4% | 19.4% | 28.5% |
| Efficiency ratio | 50.0% | 49.3% | 40.9% | 39.4% | 30.7% |
| Piotroski F-score | 7 | 8 | 5 | 3 | 6 |
| Altman Z'' | 1.9 | 2.2 | 2.6 | 1.8 | 2.0 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Futu Holdings Ltd · FUTU · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001754581). Latest version: stoqly.net/companies/futu. Data updated November 9, 2026. Filed in HKD under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.