Futu Holdings press release (NASDAQ:FUTU): Q1 GAAP EPADS of $1.96 beats by $0.24.
Revenue of $603.4M (+81.1% Y/Y) beats by $11.21M.
Total number of funded accounts increased 41.6% year-over-year to 2,673,119 as of March 31, 2025.
Total number of brokerage accounts increased 30.0% year-over-year to 4,955,319 as of March 31, 2025.
Total number of users increased 16.8% year-over-year to 26.3 million as of March 31, 2025.
Total client assets increased 60.2% year-over-year to HK$829.8 billion as of March 31, 2025.
Daily average client assets were HK$790.4 billion in the first quarter of 2025, an increase of 64.7% from the same period in 2024.
Total trading volume in the first quarter of 2025 increased by 140.1% year-over-year to HK$3.22 trillion, in which trading volume for U.S. stocks was HK$2.25 trillion, and trading volume for Hong Kong stocks was HK$916.0 billion.
Margin financing and securities lending balance increased 33.7% year-over-year to HK$50.3 billion as of March 31, 2025.
“With one-third of our full-year target already achieved, we remain firmly on track to meet our guidance of 800 thousand net new funded accounts in 2025.”
