The company maintains a conservative capital structure with a debt-to-equity ratio of 0.29, supported by $19.4 billion in accumulated retained earnings.
| Cash & Short Term Investments | 45.4B | 130.54B | 14.42B | 8.19B | 5.74B | 5.83B | 1.33B | 456.35M | 274.96M | 375.26M | 181.25M |
| Cash & Due from Banks | 6.26B | 123.86B | 11.69B | 4.94B | 5.03B | 4.56B | 1.03B | 362.57M | 215.62M | 375.26M | 179.02M |
| Short Term Investments | 3.12B | 6.69B | 2.73B | 3.25B | 712.92M | 1.28B | 300M | 93.77M | 59.35M | 0 | 2.24M |
| Total Investments | 3.83B | 7.95B | 3.31B | 3.49B | 27.61B | 30.76B | 300M | 99.94M | 59.35M | 0 | 4.47M |
| Investments Growth % | 8.35% | 140.53% | -5.33% | -87.35% | -10.25% | 10154.95% | 200.18% | 68.39% | - | -100% | - |
| Long-Term Investments | 2.6B | 1.26B | 573.19M | 238.56M | 26.9B | 29.49B | 0 | 6.17M | 0 | 0 | 2.24M |
| Accounts Receivables | 31.53B | 27.67B | 22.84B | 10.15B | 9.83B | 10.45B | 8.08B | 1.79B | 771.49M | 387.97M | 813.08M |
| Goodwill & Intangibles | 0 | 0 | 85.64M | 72.07M | 54.45M | 17.22M | 10.22M | 7.69M | 1.41M | 1.28M | 1.5M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 85.64M | 72.07M | 54.45M | 17.22M | 10.22M | 7.69M | 1.41M | 1.28M | 1.5M |
| PP&E (Net) | 479.68M | 569.88M | 440.8M | 349.06M | 342.7M | 419.62M | 317.18M | 279.25M | 22.86M | 13.39M | 8.22M |
| Other Assets | 2.39B | 68.37B | 1.66B | 951.83M | 24.77B | 25.64B | 150.73M | 50.79M | 42.31M | 72.92M | 10.38M |
| Total Current Assets | 194.82B | 158.22B | 155.89B | 95.43B | 42.35B | 45.93B | 70.84B | 21.05B | 16B | 10.82B | 4.48B |
| Total Non-Current Assets | 3.58B | 70.2B | 2.87B | 1.71B | 52.16B | 55.6B | 495.3M | 345.47M | 66.58M | 103.37M | 42.19M |
| Total Assets | 198.4B | 228.42B | 158.76B | 97.14B | 94.5B | 101.54B | 71.34B | 21.4B | 16.06B | 10.92B | 4.52B |
| Asset Growth % | 244.31% | 43.88% | 63.44% | 2.79% | -6.93% | 42.33% | 233.36% | 33.23% | 47.04% | 141.81% | - |
| Return on Assets (ROA) | 4.65% | 5.85% | 4.25% | 4.47% | 2.99% | 3.25% | 2.86% | 0.88% | 1.03% | -0.1% | -2.18% |
| Accounts Payable | 151.53B | 0 | 117.17B | 64.65B | 69.18B | 67.19B | 51.05B | 16.95B | 13.23B | 8.36B | 4.15B |
| Total Debt | 9.79B | 17.68B | 8.55B | 5.89B | 2.69B | 21.91B | 16.61B | 1.64B | 1.58B | 1.94B | 193.21M |
| Net Debt | 3.54B | -106.18B | -3.13B | 952.04M | -2.34B | 17.36B | 15.58B | 1.28B | 1.36B | 1.57B | 14.19M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 6.36B | 5.45B | 1.59M | 400M | 400M | 32.03M |
| Short-Term Debt | 9.29B | 17.28B | 8.28B | 5.65B | 2.48B | 15.29B | 10.94B | 1.47B | 1.18B | 1.54B | 161.18M |
| Other Liabilities | 6.2M | 170.42B | 3.18M | 5.86M | 756.95M | -9.28B | -5.45B | 1.1M | 1.25B | 779.07M | 326.62M |
| Total Current Liabilities | 164.77B | 17.28B | 130.61B | 72.43B | 72.77B | 83.31B | 62.86B | 18.66B | 14.56B | 9.97B | 4.35B |
| Total Non-Current Liabilities | 348.74M | 170.81B | 140.99M | 135.52M | 870.68M | -2.75B | 169.91M | 189.97M | 1.65B | 1.18B | 361.2M |
| Total Liabilities | 165.12B | 188.1B | 130.75B | 72.56B | 73.64B | 80.55B | 63.03B | 18.85B | 14.96B | 11.16B | 4.71B |
| Total Equity | 33.28B | 40.32B | 28B | 24.57B | 20.86B | 20.99B | 8.31B | 2.55B | 1.1B | -232.9M | -190.22M |
| Equity Growth % | 76.45% | 43.97% | 13.97% | 17.78% | -0.59% | 152.6% | 225.98% | 131.63% | 572.42% | -22.44% | - |
| Equity / Assets (Capital Ratio) | 16.77% | 17.65% | 17.64% | 25.3% | 22.08% | 20.67% | 11.65% | 11.91% | 6.85% | -2.13% | -4.21% |
| Return on Equity (ROE) | 26.38% | 33.13% | 20.71% | 18.85% | 13.99% | 19.19% | 24.42% | 9.08% | 31.94% | - | - |
| Book Value per Share | 236.37 | 285.22 | 199.95 | 175.57 | 145.00 | 137.65 | 63.29 | 22.21 | 17.21 | -2.09 | -1.71 |
| Tangible BV per Share | 236.37 | 285.22 | 199.33 | 175.05 | 144.62 | 137.53 | 63.21 | 22.15 | 17.19 | -2.11 | -1.72 |
| Common Stock | 99K | 99.98K | 99K | 98K | 97K | 96K | 85K | 78K | 61K | 31K | 31K |
| Additional Paid-in Capital | 18.97B | 19.16B | 18.81B | 18.46B | 18.15B | 17.94B | 6.96B | 2.54B | 0 | 0 | 2.5M |
| Retained Earnings | 19.37B | 25.99B | 14.65B | 11.36B | 7.08B | 4.15B | 1.34B | 16.74M | -148.93M | -230.88M | -187.33M |
| Accumulated OCI | 143.42M | 51.5M | -249.92M | -49.43M | -47.85M | 75.99M | 4.97M | -4.45M | -1.3M | -2.05M | -5.42M |
| Treasury Stock | -5.2B | -5.2B | -5.2B | -5.2B | -4.32B | -1.18B | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.25B | 1.18B | 329.18M |
Regulatory and geopolitical exposure
According to the latest quarterly filings, Futu's total assets have surged to $198.4 billion in 2025Q2 from $97.1 billion in 2023Q4, suggesting that the firm is successfully scaling its balance sheet to support a rapidly growing client base and increased margin financing activity across international markets.
The consistent growth in total assets relative to liabilities indicates a strengthening financial position that supports the company's aggressive geographic expansion. Investors should monitor whether this asset growth is primarily driven by client-segregated funds or proprietary capital, as the distinction is critical for assessing true corporate solvency.
Based on reported financial statements, Futu maintains a modest debt-to-equity ratio of 0.29 as of 2025Q2, which reflects a disciplined approach to capital structure despite the significant increase in total debt from $4.4 billion in 2024Q3 to $9.8 billion in the most recent quarter.
The relatively low leverage suggests that the company is not overly reliant on external financing to fund its operations, providing a necessary buffer against market volatility. This conservative stance appears strategic, allowing the firm to maintain flexibility while navigating the regulatory complexities inherent in its multi-jurisdictional brokerage model.
As indicated by recent balance sheet data, the company's current ratio has remained stable at 1.18 in 2025Q2, demonstrating that Futu maintains sufficient short-term liquidity to cover its immediate obligations while continuing to invest in its proprietary technology stack and international market entry initiatives.
The stability of the current ratio suggests that management is effectively managing its working capital requirements despite the rapid scaling of the business. This liquidity profile appears adequate to withstand short-term market shocks, though investors should remain cautious regarding the composition of these current assets.
Based on the provided figures, Futu's equity base has expanded to $33.3 billion in 2025Q2, largely fueled by the consistent accumulation of retained earnings, which rose from $8.3 billion in 2023Q1 to $19.4 billion in the most recent period, signaling strong internal capital generation.
The steady growth in retained earnings underscores the company's ability to convert its high-margin brokerage and interest income into permanent capital. This trend suggests that the business model is self-funding, reducing the need for dilutive equity raises to support its ongoing global expansion efforts.
As reported in financial statements, the substantial cash balance of $9.4 billion in 2025Q2 warrants careful interpretation, as a significant portion of these funds likely represents segregated client assets that are legally restricted and unavailable for general corporate use or debt service obligations.
The headline cash figure may provide a misleading sense of corporate liquidity if not adjusted for these client-held funds. Analysts should exercise caution when evaluating the company's true cash position, as the actual discretionary capital available to management is likely significantly lower than the reported balance.
Quick answers to the most common questions about buying FUTU stock.
As of 2025, Futu Holdings Limited (FUTU) had total assets of $228.42B including $158.22B in current assets.
Futu Holdings Limited (FUTU) carries total debt of $17.68B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Futu Holdings Limited (FUTU) has total shareholders' equity (book value) of $40.00B ($285.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Futu Holdings Limited (FUTU) reported a current ratio of 9.15x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.