Futu Holdings (FUTU) Research & Development (2018 - 2025)
Futu Holdings' quarterly Research & Development came in at -$65.1 million in Q4 2025, down 26.57% year-on-year from -$88.6 million in Q4 2024, and up 11.8% quarter-over-quarter from -$73.8 million in Q3 2025.
Futu Holdings has reported Research & Development for 8 years, with the latest figure at -$65.1 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 26.57% year-over-year to -$65.1 million; the trailing twelve-month figure through Dec 2025 stood at -$244.8 million (down 27.7% YoY), and the FY2025 full-year result was $245.2 million, up 27.54% from the prior year.
- Research & Development for Q4 2025 stood at -$65.1 million, 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.
- Year-over-year, Research & Development slumped 262.93% in 2021 and grew 5.18% in 2024.
- Tracing FUTU's Research & Development over 5 years: stood at -$34.7 million in 2021, then retreated by 23.56% to -$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.
- 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 241.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | - |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 23.47 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | - |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 39.55 Mn |
| 10 | Futu Holdings | 14.70 Bn | 12.54 Bn | 733.58 Mn | -65.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -22.33 Mn |
| Mar 31, 2021 | -17.67 Mn |
| Dec 31, 2020 | -20.91 Mn |
| Sep 30, 2020 | 19.33 Mn |
| Jun 30, 2020 | 15.13 Mn |
| Mar 31, 2020 | 10.85 Mn |
| Dec 31, 2019 | 9.54 Mn |
| Sep 30, 2019 | -9.04 Mn |
| Jun 30, 2019 | -8.16 Mn |
| Mar 31, 2019 | -6.81 Mn |
| Dec 31, 2018 | -5.80 Mn |
| Sep 30, 2018 | -5.10 Mn |
| Jun 30, 2018 | -4.44 Mn |
| Mar 31, 2018 | -3.94 Mn |