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 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 was -$65.1 million for Q4 2025 at Futu Holdings, up from -$73.8 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$17.7 million in Q1 2021 to a low of -$73.8 million in Q3 2025.
• Historically, Research & Development has averaged -$44.0 million across 5 years, with a median of -$45.6 million in 2023.
• The sharpest annual moves came in 2021 and 2024: Research & Development slumped 262.93% in 2021, then advanced 5.18% in 2024.
• A 5-year view of Research & Development shows it stood at -$34.7 million in 2021, then fell by 23.56% to -$42.9 million in 2022, then retreated by 8.44% to -$46.5 million in 2023, then decreased by 10.62% to -$51.4 million in 2024, then retreated by 26.57% to -$65.1 million in 2025.
• The last three Research & Development figures came in at -$65.1 million (Q4 2025), -$73.8 million (Q3 2025), and -$56.3 million (Q2 2025), per Business Quant data.