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

Futu Holdings (FUTU) has reported Research & Development for 8 consecutive years, with -$65.1 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Research & Development fell 26.57% year-over-year to -$65.1 million; the TTM figure through Dec 2025 stood at -$244.8 million (down 27.7% YoY), while the FY2025 annual figure was $245.2 million, up 27.54% from the prior year.
• Research & Development came in at -$65.1 million for Q4 2025 at Futu Holdings, up from -$73.8 million in the prior quarter.
• The five-year high for Research & Development was -$17.7 million in Q1 2021, with the low at -$73.8 million in Q3 2025.
• Average Research & Development over 5 years is -$44.0 million, with a median of -$45.6 million recorded in 2023.
• Across the five-year window, Research & Development tumbled 262.93% in 2021 and increased 5.18% in 2024, its largest moves.
• Year by year, Research & Development stood at -$34.7 million in 2021, then slipped by 23.56% to -$42.9 million in 2022, then dropped by 8.44% to -$46.5 million in 2023, then declined by 10.62% to -$51.4 million in 2024, then dropped by 26.57% to -$65.1 million in 2025.
• According to Business Quant data, Research & Development over the past three periods registered -$65.1 million, -$73.8 million, and -$56.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.