Company Analysis

Futu Holdings Limited (FUTU)

Nasdaq: FUTU · Security Brokers, Dealers & Flotation Companies · Nanshan District, Shenzhen, CN · filing with the SEC since 2018
Grade6.7
◀ Past 6.5● Present 6.6▶ Future 6.9
1 est.

Income statement, as filed

In thousands of Hong Kong dollars (HKD), as filed; per-share figures in Hong Kong dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017
Report filedApr 15, 2026Apr 14, 2025Apr 24, 2024Apr 24, 2023Mar 18, 2022Mar 26, 2021Apr 27, 2020··
Revenue22,846,89813,590,12510,008,4187,614,0277,115,3203,310,8221,061,555811,343311,663
For lenders
Interest and dividend income10,441,5856,666,8645,536,4223,214,3272,518,198965,627464,903360,585105,872
Provision for credit losses270,33639,61018,08015,6193,2009,075···
Noninterest expense7,008,4395,350,9714,090,1763,752,6223,555,6051,657,871784,362506,960283,488
Cost of revenue2,942,3552,445,4711,536,230996,1321,206,064695,954281,704249,594109,102
Gross profit19,904,54311,144,6548,472,1886,617,8955,909,2562,614,868779,851561,749202,561
Research and development1,908,7581,493,6201,440,8931,222,077805,325513,283262,345151,09795,526
Sales and marketing1,980,4861,409,313710,348895,7721,392,070385,320164,70198,06241,446
General and administrative1,934,6921,620,0171,313,464931,144529,048248,404164,850103,83157,293
Total operating expenses5,823,9364,522,9503,464,7053,048,9932,726,4431,147,007591,896352,990194,265
Operating income14,080,6076,621,7045,007,4833,568,902r3,182,813r1,450,623178,493200,8003,378
Interest expense··910,759292,503376,902185,09089,23895,62419,879
Share of profit of equity-method investments-51,619-103,934-13,497-17,7520-307-543··
Other income (expense), net-367,448-86,37233,442-210,2952,478-17,238-9,462-7,959-4,918
Income before income taxes13,713,1596,535,3325,040,9253,358,6073,185,2911,450,623178,493200,8003,378
Income tax expense2,359,633998,342748,479413,962375,081124,79312,28662,28811,480
Net income including non-controlling interests11,301,9075,433,0564,278,9492,926,8932,810,2101,325,523165,664138,512-8,102
Net income to non-controlling interests-35,814-10,038-2,525-51·····
Net income11,337,7215,443,0944,281,4742,926,9442,810,2101,325,523165,664138,512-8,102
Net income to common shareholders11,337,7215,443,0944,281,4742,926,9442,810,2101,325,523143,15936,938-55,817
Earnings per share, basic10.174.933.882.572.341.280.170.09-0.14
Earnings per share, diluted10.034.863.822.542.301.260.160.07-0.14
Weighted average shares, basic1,114,463,2051,104,199,7401,104,899,4111,139,377,7631,200,912,6701,036,865,727832,790,329403,750,000403,750,000
Weighted average shares, diluted1,130,846,7011,120,478,1831,119,653,5711,151,021,6971,219,672,5081,050,143,014917,897,426511,536,122403,750,000
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed
Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpense
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton FUTU · research, not advice