Futu Holdings Limited (FUTU) Balance Sheet

NASDAQ: FUTUAssets, liabilities, debt and equity over 10 years.

FUTU balance sheet, 2025

December 31, 2025 · Hong Kong dollars

HK$228.42B assets = HK$188.10B liabilities + HK$40.32B equity

Both columns are drawn to the same scale: what FUTU owns equals what it owes plus shareholders’ equity. Hover a block for its value.

FUTU financial health

Current ratio9.15

Comfortable · current assets cover current liabilities 9.15×

Debt / equity0.44

Low leverage · HK$0.44 of debt for each $1 of equity

Equity / assets17.5%

Thin equity · of assets funded by shareholders

Cash / debt738.4%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.1%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

FUTU balance sheet trends, 2016–2025

Futu Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	HK$4.52B2016	HK$228.42B2025	+54.6%/yr
Total liabilities	HK$4.71B2016	HK$188.10B2025	+50.6%/yr
Shareholders’ equity	HK$139.0M2016	HK$40.00B2025	+87.6%/yr
Cash & short-term investments	HK$181.3M2016	HK$130.54B2025	+107.7%/yr
Total debt	HK$193.2M2016	HK$17.68B2025	+65.2%/yr
Net cash (debt)	−HK$12.0M2016	HK$112.86B2025	+HK$112.9B
Working capital	HK$128.8M2016	HK$140.93B2025	+HK$140.8B
Current ratio	1.032016	9.152025	+8.12
Debt / equity	1.392016	0.442025	−0.95
Shares outstanding	111.2M2016	141.4M2025	+2.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

FUTU assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

FUTU liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

FUTU debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

FUTU balance sheet in Hong Kong dollars

Futu Holdings Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	HK$130.54B	HK$14.42B	HK$8.19B	HK$5.74B	HK$5.83B	HK$1.33B	HK$456.3M	HK$275.0M	HK$375.3M	HK$181.3M
Cash & equivalents	HK$123.86B	HK$11.69B	HK$4.94B	HK$5.03B	HK$4.56B	HK$1.03B	HK$362.6M	HK$215.6M	HK$375.3M	HK$179.0M
Short-term investments	HK$6.69B	HK$2.73B	HK$3.25B	HK$712.9M	HK$1.28B	HK$300.0M	HK$93.8M	HK$59.3M	HK$0	HK$2.2M
Receivables	HK$27.67B	HK$72.60B	HK$42.68B	HK$36.51B	HK$40.04B	HK$26.90B	HK$1.79B	HK$3.86B	HK$3.26B	HK$940.3M
Inventory	HK$0	HK$0	HK$44.50B	−HK$87.36B	−HK$94.98B	−HK$70.4M	HK$0	HK$0	HK$0	HK$0
Other current assets	HK$0	HK$68.86B	HK$59.9M	HK$87.46B	HK$95.05B	HK$42.68B	HK$0	HK$11.86B	HK$7.19B	HK$3.35B
Total current assets	HK$158.22B	HK$155.89B	HK$95.43B	HK$42.35B	HK$45.93B	HK$70.84B	HK$2.25B	HK$16.00B	HK$10.82B	HK$4.48B
Property, plant & equipment (net)	HK$569.9M	HK$440.8M	HK$349.1M	HK$342.7M	HK$419.6M	HK$317.2M	HK$161.6M	HK$22.9M	HK$13.4M	HK$8.2M
Goodwill & intangible assets	HK$220.0M	HK$85.6M	HK$72.1M	HK$54.4M	HK$17.2M	HK$10.2M	HK$7.7M	HK$1.4M	HK$1.3M	HK$1.5M
Long-term investments	HK$615.2M	HK$573.2M	HK$238.6M	HK$914.8M	HK$1.19B	HK$0	HK$99.9M	HK$59.3M	HK$0	HK$2.2M
Other non-current assets	HK$68.79B	HK$1.77B	HK$1.05B	HK$50.84B	HK$53.97B	HK$167.9M	HK$18.88B	HK$0	HK$88.7M	HK$30.2M
Total assets	HK$228.42B	HK$158.76B	HK$97.14B	HK$94.50B	HK$101.54B	HK$71.34B	HK$21.40B	HK$16.06B	HK$10.92B	HK$4.52B
Liabilities
Accounts payable	HK$166.02B	HK$117.17B	HK$64.65B	HK$69.18B	HK$67.19B	HK$51.05B	HK$16.92B	HK$13.23B	HK$8.36B	HK$4.15B
Short-term debt	HK$17.28B	HK$8.42B	HK$5.77B	HK$2.59B	HK$15.39B	HK$11.00B	HK$16.92B	HK$1.18B	HK$1.54B	HK$161.2M
Deferred revenue	—	−HK$3.49B	−HK$203.1M	HK$1.2M	HK$3.1M	HK$3.0M	HK$2.1M	HK$4.8M	HK$4.4M	HK$2.6M
Total current liabilities	HK$17.28B	HK$130.61B	HK$72.43B	HK$72.77B	HK$83.31B	HK$62.86B	HK$16.92B	HK$14.56B	HK$9.97B	HK$4.35B
Long-term debt	HK$0	HK$0	HK$0	HK$2.48B	HK$6.36B	HK$5.48B	HK$0	HK$0	HK$0	HK$32.0M
Lease obligations	HK$593.9M	HK$277.3M	HK$238.0M	HK$211.1M	HK$260.6M	HK$222.2M	HK$172.5M	HK$0	HK$0	HK$0
Other long-term liabilities	HK$170.81B	HK$141.0M	HK$135.5M	HK$0	HK$0	HK$0	HK$1.65B	HK$1.65B	HK$1.18B	HK$329.2M
Total liabilities	HK$188.10B	HK$130.75B	HK$72.56B	HK$73.64B	HK$80.55B	HK$63.03B	HK$18.85B	HK$14.96B	HK$11.16B	HK$4.71B
Shareholders' equity
Common stock & paid-in capital	HK$99,984	HK$99,000	HK$98,000	HK$97,000	HK$96,000	HK$85,000	HK$78,000	HK$61,000	HK$31,000	HK$31,000
Retained earnings (deficit)	HK$25.99B	HK$14.65B	HK$11.36B	HK$7.08B	HK$4.15B	HK$1.34B	HK$16.7M	−HK$148.9M	−HK$230.9M	−HK$187.3M
Treasury stock	—	—	—	—	—	—	HK$0	HK$0	HK$0	HK$0
Accumulated other comprehensive income	HK$51.5M	−HK$249.9M	−HK$49.4M	−HK$47.8M	HK$76.0M	HK$5.0M	−HK$4.4M	−HK$1.3M	−HK$2.1M	−HK$5.4M
Minority interest	HK$319.9M	−HK$6.8M	HK$3.0M	HK$235,000	—	—	HK$0	HK$0	HK$0	HK$0
Total shareholders' equity	HK$40.00B	HK$28.01B	HK$24.57B	HK$20.86B	HK$20.99B	HK$8.31B	HK$2.55B	HK$1.10B	−HK$232.9M	HK$139.0M
Key figures
Total debt	HK$17.68B	HK$8.55B	HK$5.89B	HK$2.69B	HK$21.91B	HK$16.61B	HK$16.92B	HK$1.58B	HK$1.94B	HK$193.2M
Net cash (debt)	HK$112.86B	HK$5.87B	HK$2.30B	HK$3.05B	−HK$16.08B	−HK$15.28B	−HK$16.47B	−HK$1.30B	−HK$1.57B	−HK$12.0M
Working capital	HK$140.93B	HK$25.27B	HK$23.00B	−HK$30.42B	−HK$37.37B	HK$7.98B	−HK$14.67B	HK$1.44B	HK$847.2M	HK$128.8M
Tangible book value	HK$39.78B	HK$27.93B	HK$24.50B	HK$20.81B	HK$20.97B	HK$8.30B	HK$2.54B	HK$1.10B	−HK$234.2M	HK$137.5M
Shares outstanding	141.4M	140.1M	140.0M	143.9M	152.5M	131.3M	114.7M	63.9M	111.2M	111.2M
Current ratio	9.15	1.19	1.32	0.58	0.55	1.13	0.13	1.10	1.08	1.03
Quick ratio	9.15	0.67	0.70	0.58	0.55	0.45	0.13	0.28	0.36	0.26
Debt / equity	0.44	0.31	0.24	0.13	1.04	2.00	6.64	1.43	—	1.39
Equity / assets	17.5%	17.6%	25.3%	22.1%	20.7%	11.6%	11.9%	6.8%	−2.1%	3.1%

Futu Holdings Limited quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	HK$25.31B	HK$23.65B	HK$130.54B	HK$15.91B	HK$9.38B	HK$9.63B	HK$11.69B	HK$11.97B	HK$12.68B	HK$10.10B	HK$4.94B	HK$8.17B
Cash & equivalents	HK$18.49B	HK$16.49B	HK$123.86B	HK$10.72B	HK$6.26B	HK$6.50B	HK$11.69B	HK$9.05B	HK$9.38B	HK$6.64B	HK$4.94B	HK$5.28B
Short-term investments	HK$6.81B	HK$7.16B	HK$6.69B	HK$5.19B	HK$3.12B	HK$3.13B	HK$2.73B	HK$2.92B	HK$3.30B	HK$3.45B	HK$3.25B	HK$2.88B
Receivables	HK$123.05B	HK$101.91B	HK$27.67B	HK$95.02B	HK$79.03B	HK$77.77B	HK$22.84B	HK$61.27B	HK$54.32B	HK$49.68B	HK$10.15B	HK$43.08B
Inventory	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$51.26B	HK$45.63B	HK$0	HK$43.79B
Other current assets	HK$0	HK$115.29B	HK$0	HK$127.93B	HK$106.42B	HK$89.08B	HK$0	HK$67.65B	HK$154.8M	HK$177.4M	HK$0	HK$106.9M
Total current assets	HK$148.36B	HK$240.85B	HK$158.22B	HK$238.86B	HK$194.82B	HK$176.48B	HK$11.69B	HK$140.89B	HK$118.42B	HK$105.58B	HK$4.94B	HK$95.15B
Property, plant & equipment (net)	HK$698.5M	HK$570.3M	HK$569.9M	HK$566.6M	HK$479.7M	HK$390.8M	HK$253.2M	HK$293.1M	HK$260.8M	HK$204.7M	HK$224.1M	HK$169.4M
Goodwill & intangible assets	HK$0	HK$0	HK$220.0M	HK$0	HK$0	HK$85.6M	HK$85.6M	HK$0	HK$0	HK$72.1M	HK$72.1M	HK$0
Long-term investments	HK$921.1M	HK$657.6M	HK$615.2M	HK$579.0M	HK$709.5M	HK$698.2M	HK$573.2M	HK$618.8M	HK$663.0M	HK$235.2M	HK$238.6M	HK$243.6M
Other non-current assets	HK$142.66B	HK$4.24B	HK$68.79B	HK$3.38B	HK$2.39B	HK$2.99B	HK$147.10B	HK$1.66B	HK$1.54B	HK$1.24B	HK$91.66B	HK$1.07B
Total assets	HK$292.64B	HK$246.32B	HK$228.42B	HK$243.38B	HK$198.40B	HK$180.64B	HK$159.70B	HK$143.46B	HK$120.89B	HK$107.33B	HK$97.14B	HK$96.64B
Liabilities
Accounts payable	HK$216.96B	HK$175.34B	HK$166.02B	HK$187.79B	HK$151.53B	HK$135.63B	HK$117.17B	HK$107.97B	HK$85.57B	HK$75.59B	HK$64.65B	HK$65.92B
Short-term debt	HK$27.79B	HK$22.11B	HK$17.28B	HK$13.21B	HK$9.45B	HK$10.96B	—	HK$4.16B	HK$5.72B	HK$3.95B	—	HK$5.13B
Deferred revenue	—	—	—	—	—	−HK$3.49B	—	—	—	HK$1.95B	—	—
Total current liabilities	HK$27.79B	HK$204.40B	HK$17.08B	HK$206.14B	HK$164.77B	HK$150.06B	HK$5.02B	HK$114.81B	HK$93.83B	HK$81.54B	HK$1.98B	HK$73.00B
Long-term debt	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Lease obligations	HK$739.4M	HK$600.5M	HK$593.9M	HK$592.3M	HK$504.4M	HK$408.3M	HK$277.3M	HK$312.6M	HK$275.2M	HK$219.0M	HK$238.0M	HK$179.8M
Other long-term liabilities	HK$225.64B	HK$429.7M	HK$171.01B	HK$448.0M	HK$348.7M	HK$283.6M	HK$126.67B	HK$231.2M	HK$155.0M	HK$119.2M	HK$135.5M	HK$108.2M
Total liabilities	HK$253.43B	HK$204.83B	HK$188.10B	HK$206.58B	HK$165.12B	HK$150.35B	HK$131.70B	HK$115.04B	HK$93.99B	HK$81.66B	HK$1.98B	HK$73.11B
Shareholders' equity
Common stock & paid-in capital	HK$88,005	HK$88,000	HK$99,984	HK$99,000	HK$99,000	HK$99,000	HK$99,000	HK$98,000	HK$98,000	HK$98,000	HK$98,000	HK$97,000
Retained earnings (deficit)	HK$27.63B	HK$26.84B	HK$25.99B	HK$22.60B	HK$19.37B	HK$16.80B	HK$14.65B	HK$14.93B	HK$13.61B	HK$12.40B	HK$11.36B	HK$10.48B
Accumulated other comprehensive income	HK$426.2M	HK$303.5M	HK$51.5M	−HK$15.9M	HK$143.4M	−HK$184.7M	−HK$249.9M	−HK$26.5M	−HK$146.7M	−HK$78.8M	−HK$49.4M	−HK$131.0M
Minority interest	HK$327.8M	HK$296.7M	HK$319.9M	HK$341.0M	−HK$11.6M	—	—	—	—	—	—	—
Total shareholders' equity	HK$38.88B	HK$41.19B	HK$40.00B	HK$36.45B	HK$33.29B	HK$30.30B	HK$28.01B	HK$28.42B	HK$26.90B	HK$25.67B	HK$24.57B	HK$23.53B
Key figures
Total debt	HK$28.32B	HK$22.51B	HK$17.68B	HK$13.63B	HK$9.79B	HK$11.24B	—	HK$4.38B	HK$5.86B	HK$4.05B	—	HK$5.22B
Net cash (debt)	−HK$3.01B	HK$1.14B	HK$112.86B	HK$2.28B	−HK$415.8M	−HK$1.61B	—	HK$7.59B	HK$6.82B	HK$6.04B	—	HK$2.95B
Working capital	HK$120.56B	HK$36.45B	HK$141.13B	HK$32.72B	HK$30.05B	HK$26.41B	HK$6.66B	HK$26.08B	HK$24.59B	HK$24.04B	HK$2.95B	HK$22.16B
Tangible book value	HK$38.88B	HK$41.19B	HK$39.78B	HK$36.45B	HK$33.29B	HK$30.21B	HK$27.93B	HK$28.42B	HK$26.90B	HK$25.60B	HK$24.50B	HK$23.53B
Shares outstanding	140.0M	141.7M	141.7M	141.4M	140.8M	140.8M	140.2M	140.1M	139.9M	139.3M	139.1M	138.9M
Current ratio	5.34	1.18	9.26	1.16	1.18	1.18	2.33	1.23	1.26	1.29	2.49	1.30
Quick ratio	5.34	0.61	9.26	0.54	0.54	0.58	6.87	0.64	0.71	0.73	7.61	0.70
Debt / equity	0.73	0.55	0.44	0.37	0.29	0.37	—	0.15	0.22	0.16	—	0.22
Equity / assets	13.3%	16.7%	17.5%	15.0%	16.8%	16.8%	17.5%	19.8%	22.3%	23.9%	25.3%	24.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported (latest annual report filed April 15, 2026); data from EODHD.

FUTU financial position

At the end of fiscal 2025 (December 31, 2025), Futu had total assets of HK$228.4 billion (up 43.9% from a year earlier), total liabilities of HK$188.1 billion and shareholders' equity of HK$40.0 billion. It held HK$130.5 billion in cash and short-term investments against HK$17.7 billion of debt, a net cash position of HK$112.9 billion. Its current ratio was 9.15. In the latest quarter (ended June 30, 2026) total assets were HK$292.6 billion and equity HK$38.9 billion.

Related: FUTU income statement, FUTU cash flow statement, FUTU key metrics. See the FUTU stock overview for the latest quote and news.

FUTU balance sheet FAQ

What are Futu's total assets?

Futu reported total assets of HK$228.4 billion at the end of fiscal 2025 (December 31, 2025), compared with HK$158.8 billion a year earlier.

How much debt does Futu have?

Futu had HK$17.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.44.

How much cash does Futu have?

Futu held HK$130.5 billion in cash and short-term investments at the end of fiscal 2025; with HK$17.7 billion of debt that is net cash of HK$112.9 billion.

What is Futu's book value?

Futu's shareholders' equity (book value) was HK$40.0 billion at the end of fiscal 2025.

What is Futu's current ratio?

Futu had current assets of HK$158.2 billion and current liabilities of HK$17.3 billion, a current ratio of 9.15 (it can cover its short-term obligations).

How much goodwill does Futu have?

Futu carried HK$220.0 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.