Futu Holdings (FUTU) Research & Development (2018 - 2026)
Futu Holdings (FUTU) posted Research & Development of -$63.9 million for Q2 2026, down 4.6% on a QoQ basis from -$61.1 million in Q1 2026, and down 13.49% year-over-year from -$73.8 million in Q2 2025.
Analysis
Futu Holdings (FUTU) Research & Development (2018 - 2026) Analysis & Trends
Futu Holdings has reported Research & Development for 9 years, with the latest figure at -$63.9 million in Q2 2026.
- On a quarterly basis, Research & Development fell 13.49% year-over-year to -$63.9 million in Q2 2026; TTM through Jun 2026 was -$263.9 million, a 27.56% decrease from a year earlier, with the FY2025 full-year figure at -$245.2 million, down 27.54% from the prior year.
- Research & Development was -$63.9 million for Q2 2026 at Futu Holdings, down from -$61.1 million in the prior quarter.
- The five-year high for Research & Development was -$36.1 million in Q1 2022, with the low at -$73.8 million in Q3 2025.
- Average Research & Development over 5 years is -$50.1 million, with a median of -$47.2 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Research & Development tumbled 104.07% in 2022, then climbed 5.18% in 2024.
- Over 5 years, Research & Development stood at -$42.9 million in 2022, then decreased by 8.44% to -$46.5 million in 2023, then slipped by 10.62% to -$51.4 million in 2024, then decreased by 26.57% to -$65.1 million in 2025, then rose by 1.85% to -$63.9 million in 2026.
- The last three Research & Development figures came in at -$63.9 million (Q2 2026), -$61.1 million (Q1 2026), and -$65.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 256.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | - |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 26.20 Mn |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -63.89 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | - |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | - |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 22.16 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 33.83 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 80,651.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -63.89 Mn |
| Mar 31, 2026 | -61.08 Mn |
| Dec 31, 2025 | -65.09 Mn |
| Sep 30, 2025 | -73.80 Mn |
| Jun 30, 2025 | -56.30 Mn |
| Mar 31, 2025 | -49.61 Mn |
| Dec 31, 2024 | -51.43 Mn |
| Sep 30, 2024 | -49.52 Mn |
| Jun 30, 2024 | -47.89 Mn |
| Mar 31, 2024 | -42.87 Mn |
| Dec 31, 2023 | -46.49 Mn |
| Sep 30, 2023 | -45.91 Mn |
| Jun 30, 2023 | -46.37 Mn |
| Mar 31, 2023 | -45.21 Mn |
| Dec 31, 2022 | -42.87 Mn |
| Sep 30, 2022 | -39.93 Mn |
| Jun 30, 2022 | -37.18 Mn |
| Mar 31, 2022 | -36.06 Mn |
| Dec 31, 2021 | -34.70 Mn |
| Sep 30, 2021 | -28.76 Mn |