Futu Holdings (FUTU) Research & Development (2018 - 2025)

Futu Holdings' Research & Development history runs 8 years deep, the most recent figure standing at -$65.1 million for Q4 2025.

• In Q4 2025, Research & Development fell 8.96% year-over-year to -$65.1 million; the TTM figure through Dec 2025 stood at -$254.0 million (down 40.41% YoY), while the FY2025 annual figure was $254.5 million, up 32.33% from the prior year.
• Research & Development for Q4 2025 stood at -$65.1 million, up from -$75.3 million in the prior quarter.
• The five-year high for Research & Development was -$18.0 million in Q1 2023, with the low at -$75.3 million in Q3 2025.
• The 5-year median for Research & Development is -$38.9 million (2024), against an average of -$40.9 million.
• The sharpest annual moves came in 2021 and 2022: Research & Development slumped 519.44% in 2021, then soared 54.58% in 2022.
• Futu Holdings' Research & Development stood at -$43.2 million in 2021, then jumped by 54.58% to -$19.6 million in 2022, then dropped by 19.05% to -$23.4 million in 2023, then tumbled by 155.71% to -$59.7 million in 2024, then declined by 8.96% to -$65.1 million in 2025.
• Business Quant data shows FUTU's Research & Development at -$65.1 million in Q4 2025, -$75.3 million in Q3 2025, and -$54.7 million in Q2 2025.