Freedom Holding Corp. FRHC

Financials SIC 6211 - Security Brokers, Dealers & Flotation Companies NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Contracts Intermediation and Brokerage › Investment Banking and Securities Intermediation derived Nasdaq

Freedom Holding Corp. ("FRHC") is organized under the laws of the State of Nevada and acts as a holding company for all of our subsidiaries. Our subsidiaries engage in a broad range of activities including securities brokerage, securities dealing for customers and for our own account, market making activities, investment research, investment counseling, retail and commercial banking, and insurance products. We also own several ancillary businesses and lifestyle solutions, which complement our core financial services businesses, including payment and information processing services, entertainment and travel ticketing services, e-commerce business, cloud services, and telecommunications and media businesses in Kazakhstan that are in a developmental stage.

Last close 171.22 2026-10-23
Market cap $10.92B 2026-06-30 share count
52-week range 107.97 - 184.76

Valuation FY2025 figures against the last close

P/S112.1x
P/E68.2x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS2.51

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $97.4M$40.1M$21.6M$0$689.8M$346.9M$83.4M$74.3M$55.2M$0
Cost of revenue $79.6M$31.3M$17.5M$0——————
Gross profit $17.8M$8.8M$4.0M$0——————
SG&A $222.3M$162.5M$120.9M$60.0M$23.5M$11.1M———$214.3K
Total operating expenses $1.97B$1.90B$1.21B$563.2M$326.1M$195.1M$54.3M$43.1M$18.9M$582.0K
Operating income —————————-$582.0K
Interest expense ——$501.1M$208.9M$76.9M$22.4M$10.2M$14.6M$14.2M—
Pre-tax income $226.0M$104.6M$438.9M$235.9M$363.7M$151.8M$29.1M-$8.3M$19.7M-$578.0K
Income tax $72.6M$28.4M$60.4M$42.8M$38.6M$23.3M$4.9M$1.4M$479.0K$100
Net income $226.0M$84.5M$375.0M$205.6M$220.9M$149.7M$24.8M$7.1M$19.2M-$578.1K
EPS, basic 2.561.286.433.503.842.560.43———
EPS, diluted 2.511.266.393.453.842.560.43———
Shares, diluted (wtd. avg.) 61.1M60.5M59.4M59.5M59.38B58.44B58.3M58.2M33.4M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $966.1M$837.3M$545.1M$1.03B$773.4M$659.5M$86.4M$62.1M$65.7M$35.4M
Total current assets —————————$8.6M
Property, plant and equipment $358.4M$191.1M$83.0M$54.0M$17.8M$15.6M$6.4M$5.6M$2.4M—
Goodwill $51.1M$49.1M$52.6M$14.2M$5.9M$7.7M$2.6M$2.9M$3.3M—
Other intangibles $73.3M$54.2M$47.7M$17.6M$5.2M$3.9M$3.4M$4.2M——
Total assets $13.16B$9.92B$8.30B$5.08B$3.23B$2.10B$453.5M$350.9M$330.1M$8.6M
Accounts payable ————$91.6M$48.1M$25.4M$32.7M$9.0M$205.7K
Total current liabilities —————————$8.7M
Total liabilities $11.67B$8.69B$7.13B$4.31B$2.68B$1.82B$324.5M$233.3M$215.0M—
Retained earnings $1.23B$1.08B$998.7M$647.1M$441.9M$208.6M$66.3M$41.5M$35.4M-$1.2M
Total equity $1.49B$1.22B$1.18B$783.7M$546.6M$307.7M$149.4M$117.6M$127.0M$43.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $185.2M$1.68B-$1.06B-$951.7M-$406.4M$529.4M$82.6M$58.5M-$19.2M-$369.1K
Depreciation and amortisation $26.4M$12.1M$6.8M$4.1M$2.3M$2.1M$746.0K$790.0K$233.0K$3.3K
Stock-based compensation $68.0M$59.6M$22.7M$9.3M$7.9M$114.0K$423.0K$3.5M$1.6M—
Capital expenditure $198.8M$80.9M$36.7M$38.5M$5.6M$1.5M$2.0M$5.0M$2.0M$0
Investing cash flow -$1.05B-$905.5M-$638.2M-$1.46B-$146.3M$6.3M-$19.8M-$6.7M-$869.0K$0
Financing cash flow $1.19B-$1.6M$1.67B$2.13B$618.5M$492.5M$58.1M-$42.3M$64.8M$320.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000924805-26-000041.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 0 Net income, FY2016: -578.1K Revenue, FY2017: 55.2M Net income, FY2017: 19.2M Revenue, FY2018: 74.3M Net income, FY2018: 7.1M Revenue, FY2019: 83.4M Net income, FY2019: 24.8M Revenue, FY2020: 346.9M Net income, FY2020: 149.7M Revenue, FY2021: 689.8M Net income, FY2021: 220.9M Revenue, FY2022: 0 Gross profit, FY2022: 0 Net income, FY2022: 205.6M Revenue, FY2023: 21.6M Gross profit, FY2023: 4M Net income, FY2023: 375M Revenue, FY2024: 40.1M Gross profit, FY2024: 8.8M Net income, FY2024: 84.5M Revenue, FY2025: 97.4M Gross profit, FY2025: 17.8M Net income, FY2025: 226M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $0 $55.2M $74.3M $83.4M $346.9M $689.8M $0 $21.6M $40.1M $97.4M
Gross profit — — — — — — $0 $4.0M $8.8M $17.8M
Net income -$578.1K $19.2M $7.1M $24.8M $149.7M $220.9M $205.6M $375.0M $84.5M $226.0M

Recent filings and events

  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed Form 10-K
  • Shareholder vote Item 5.07
  • Annual report filed Form 10-K
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6211

TickerCompanyMarket capP/ERevenue growth
MS MORGAN STANLEY $281.90B 17.6x 9.1%
GS GOLDMAN SACHS GROUP INC $254.97B 17.1x -1.3%
BLK BlackRock, Inc. $173.50B 31.7x 18.7%
SCHW SCHWAB CHARLES CORP $156.64B 19.5x 22.0%
HOOD Robinhood Markets, Inc. $85.47B 46.4x 51.6%
IBKR Interactive Brokers Group, Inc. $35.96B 36.2x 23.4%
RJF RAYMOND JAMES FINANCIAL INC $30.34B 15.3x 6.6%
SEIC SEI INVESTMENTS CO $12.28B 18.2x 8.1%