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Futu Holdings Limited Balance Sheet 2025-2011 | FUTU
Brief overview of Futu Holdings Limited's balance sheet structure
The comparison uses five available annual reports from the 2021–2025 interval.
Assets rose from 101.5 billion HKD to 228.4 billion HKD, a gain of +125%, while CAGR was about 22.5%. The balance sheet expanded rapidly.
Asset growth of +125% came with a +133.5% rise in liabilities. Financial leverage became more prominent.
For this sector, the direction of capital matters more than a high liability share itself: the equity ratio is 17.5% versus 20.7%.
Retained earnings are 26 billion HKD versus 4.2 billion HKD initially. The direction shows how results contributed to equity.
Conclusion
Futu Holdings Limited's financial position is more positive than negative: the funding mix is workable, although the cushion is not unlimited.
Annual Balance Sheet Futu Holdings Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-9.87 B | -11.4 B | -4.7 B | -4.82 B | - | 4.45 B | 1.11 B | 184 M | -7.15 B | 10.4 M | - | - | - | - | - |
Long Term Debt |
394 M | 133 M | 123 M | 102 M | - | 5.48 B | 1.47 B | 400 M | 400 M | 193 M | - | - | - | - | - |
Long Term Debt Current |
200 M | 144 M | 115 M | 109 M | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
416 M | 141 M | 136 M | 115 M | 175 M | 170 M | - | - | - | - | - | - | - | - | - |
Total Current Liabilities |
188 B | 131 B | 72.4 B | 73.5 B | 80.4 B | 62.9 B | - | - | - | - | - | - | - | - | - |
Total Liabilities |
188 B | 131 B | 72.6 B | 73.6 B | 80.6 B | 63 B | 18.9 B | 15 B | 11.2 B | 4.71 B | - | - | - | - | - |
Deferred Revenue |
- | - | - | 1.22 M | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
26 B | 14.7 B | 11.4 B | 7.08 B | 4.15 B | 1.34 B | 16.7 M | -149 M | -231 M | -187 M | - | - | - | - | - |
Total Assets |
228 B | 159 B | 97.1 B | 94.5 B | 102 B | 71.3 B | 21.4 B | 16.1 B | 10.9 B | 4.52 B | - | - | - | - | - |
Cash and Cash Equivalents |
10.5 B | 11.7 B | 4.94 B | 5.03 B | - | 1.03 B | 363 M | 216 M | 7.55 B | - | - | - | - | - | - |
Book Value |
40.3 B | 28 B | 24.6 B | 20.9 B | 21 B | 8.31 B | 2.55 B | 1.1 B | -233 M | -190 M | - | - | - | - | - |
Total Shareholders Equity |
40 B | 28 B | 24.6 B | 20.9 B | 21 B | 8.31 B | 2.55 B | -150 M | -233 M | - | - | - | - | - | - |
All numbers in HKD currency
Quarterly Balance Sheet Futu Holdings Limited
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
394 M | 133 M | 123 M | - | - | - | - | 164 M | - | - | - | 156 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
416 M | 141 M | 136 M | - | - | - | - | 175 M | - | - | - | 170 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
188 B | 131 B | 72.6 B | - | - | - | - | 80.6 B | - | - | - | 63 B | - | - | - | 18.9 B | - | - | - | 15 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | 3.06 M | - | - | - | 2.96 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
26 B | 14.7 B | 11.4 B | - | - | - | - | 4.15 B | - | - | - | 1.34 B | - | - | - | 16.7 M | - | - | - | -149 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
228 B | 159 B | 97.1 B | - | - | - | - | 102 B | - | - | - | 71.3 B | - | - | - | 21.4 B | - | - | - | 16.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
10.5 B | 11.7 B | 4.94 B | - | - | - | - | 4.56 B | - | - | - | 1.03 B | - | - | - | 363 M | - | - | - | 216 M | - | - | - | 375 M | - | - | - | 3.52 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
40.3 B | 28 B | 24.6 B | - | - | - | - | 21 B | - | - | - | 8.31 B | - | - | - | 2.55 B | - | - | - | 1.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
40 B | 28 B | 24.6 B | - | - | - | - | 21 B | - | - | - | 8.31 B | - | - | - | 2.55 B | - | - | - | -150 M | - | - | - | -233 M | - | - | - | -190 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in HKD currency
Balance Sheet is a fundamental financial report of Futu Holdings Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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