FUTU(US:FUTU) Globenewswireยท2025-05-29 08:00Core Insights - Futu Holdings Limited reported strong financial results for Q1 2025, with significant growth in funded accounts, client assets, and trading volume, indicating robust market performance and effective marketing strategies [3][4][6]. Operational Highlights - The company added approximately 262 thousand funded accounts in Q1 2025, a 47.8% increase year-over-year and 21.9% quarter-over-quarter, bringing total funded accounts to 2.7 million, up 41.6% year-over-year [3][4]. - Total client assets reached HK$829.8 billion, reflecting a 60.2% year-over-year increase and an 11.6% quarter-over-quarter increase [4][5]. - Total trading volume for Q1 2025 was HK$3.22 trillion, a 140.1% increase year-over-year, with U.S. stock trading volume at HK$2.25 trillion and Hong Kong stock trading volume at HK$916.0 billion [4][6]. Financial Highlights - Total revenues for Q1 2025 were HK$4,694.6 million (US$603.4 million), an 81.1% increase from HK$2,592.5 million in Q1 2024 [6][7]. - Net income increased by 107.0% year-over-year to HK$2,142.7 million (US$275.4 million), with a net income margin of 45.6% [14][16]. - Non-GAAP adjusted net income rose by 97.7% year-over-year to HK$2,216.9 million (US$285.0 million) [15][39]. Cost and Profit Analysis - Total costs increased by 59.3% year-over-year to HK$749.0 million (US$96.3 million) [8][9]. - Total gross profit was HK$3,945.7 million (US$507.2 million), an 85.9% increase from HK$2,122.2 million in Q1 2024, with a gross margin of 84.0% [10][13]. - Operating expenses rose by 35.6% year-over-year to HK$1,260.4 million (US$162.0 million) [11][12]. Wealth Management and IPO Activities - Wealth management client assets were HK$139.2 billion, up 117.7% year-over-year, with 29% of funded accounts holding wealth management products [5]. - The company served as joint lead manager for several high-profile Hong Kong IPOs, achieving significant subscription amounts and client engagement [5].