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Nasdaq · Financials

Freedom Holding Corp. (FRHC)

As-reported financials and SEC filings for Freedom Holding Corp. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Freedom Holding Corp.

Freedom Holding Corp. operates as a holding company for subsidiaries engaged in securities brokerage, investment banking, retail and commercial banking, insurance, and related financial services. Its main products include brokerage services, banking products such as deposits and loans, insurance offerings, and payment processing, serving retail and institutional customers primarily in Kazakhstan and other countries across Europe, Asia, and North America. The company also develops digital financial platforms and offers telecommunications and media services through its subsidiaries.

Snapshot

Revenue
$2.19B
Revenue growth (YoY)
9.3%
Net income
$153.3M
Diluted EPS
$2.51
Gross margin
Operating margin
Net margin
7.0%
FCF margin
-0.6%
ROE
10.3%
net income / fiscal-year-end equity
P/E
72.6×
trailing when available, otherwise FY EPS
Market cap
$11.15B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended March 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Freedom Holding

  • Revenue grew 9.3% to $2.2B in FY2026, slower than the 21.7% the year before.
  • Most recent quarter Q1 FY2027: revenue $733M, up 39.8% from Q1 FY2026.
  • Free cash flow was negative $14M in FY2026.
  • Net income rose 101.0% to $153M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Freedom Holding’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin7.0%
31st percentile of 377
FCF margin-0.6%
19th percentile of 272
Revenue growth (YoY)+9.3%
47th percentile of 420
ROE10.3%
55th percentile of 375
P/E72.6×
97th percentile of 318
Short interest15.11d
98th percentile of 420

Freedom Holding’s P/E of 72.6 ranks in the 97th percentile of the 318 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 16 insider sales totaling $7.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+4 quant / multi-strat
Initiated / added
3
2 new, 1 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$19.7M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$14.9M115.5KAdded
Millennium ManagementquantQ2 2026$3.4M26.0KReduced
Renaissance TechnologiesquantQ2 2026$795,8676.1KNew
Point72 Asset ManagementquantQ2 2026$617,3844.7KNew

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
16
$7.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-28
Kim ValeriyChief Financial OfficerSell5.0K$169.31$847K
2026-08-19
filed 2026-08-21
Ler EvgenyChief Financial OfficerSell14.4K$158.27$2.3M
2026-08-19
filed 2026-08-21
Ler EvgenyChief Financial OfficerSell2.6K$159.49$415K
2026-08-19
filed 2026-08-21
Ler EvgenyChief Financial OfficerSell2.5K$160.00$400K
2026-08-19
filed 2026-08-21
Ler EvgenyChief Financial OfficerSell500$157.50$79K
2026-08-13
filed 2026-08-14
Tukanov RenatCHIEF TECHNOLOGY OFFICERSell2.7K$151.25$408K
2026-06-22
filed 2026-06-24
Tukanov RenatCHIEF TECHNOLOGY OFFICERSell1.8K$140.82$253K
2026-06-22
filed 2026-06-24
Gamble AndrewDirectorSell357$141.04$50K
2026-06-04
filed 2026-06-08
Yerdessov AzamatFreedom Life Chief Exec. Ofc.Sell3.7K$152.01$562K
2026-06-04
filed 2026-06-08
Yerdessov AzamatFreedom Life Chief Exec. Ofc.Sell3.5K$159.09$553K
2026-06-04
filed 2026-06-08
Yerdessov AzamatFreedom Life Chief Exec. Ofc.Sell2.4K$156.03$379K
2026-06-04
filed 2026-06-08
Yerdessov AzamatFreedom Life Chief Exec. Ofc.Sell2.0K$157.00$314K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
949.3K
settled 2026-08-14
Change vs prior
-10.2%
vs previous settlement
Days to cover
15.11
at avg daily volume
Avg daily volume
62.8K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14949.3K-10.2%15.11
2026-07-311.1M-4.2%10.12
2026-07-151.1M-16.8%4.38
2026-06-301.3M+15.7%7.44
2026-06-151.1M+15.8%4.69
2026-05-29989.2K+0.5%8.36
2026-05-15984.3K+5.2%14.24
2026-04-30935.8K-4.3%12.91

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$2.19B$2.00B$1.65B$799.1M$689.8M
Gross profit
Operating income
Net income$153.3M$76.3M$379.1M$205.1M$227.5M
Diluted EPS$2.51$1.26$6.39$3.45$3.84

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$966.1M$837.3M$545.1M$581.4M$225.5M
Current assets
Total assets$13.16B$9.92B$8.30B$5.08B$3.23B
Current liabilities
Long-term debt
Total liabilities$11.67B$8.69B$7.13B$4.31B$2.68B
Total equity$1.49B$1.22B$1.17B$770.7M$546.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$185.2M$1.68B$-1.06B$-951.7M$-406.4M
Capital expenditure$198.8M$80.9M$36.7M$38.5M$5.6M
Free cash flow$-13.5M$1.60B$-1.10B$-990.2M$-412.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$732.5M39.8%$31.7M$0.52
Q4 FY2026$503.1M68.6%$8.0M$0.13
Q3 FY2026$628.6M-5.4%$76.2M$1.25
Q2 FY2026$526.1M-10.2%$38.7M$0.63
Q1 FY2026$524.0M15.2%$37.4M$0.61
Q4 FY2025$298.4M-37.4%$-151.1M$-2.49
Q3 FY2025$664.6M58.7%$78.3M$1.29
Q2 FY2025$586.1M34.6%$114.7M$1.89

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industrySecurity Brokers, Dealers & Flotation Companies
Latest annual periodFY2026 (ended March 31, 2026)
Latest reported quarterQ1 FY2027 (ended June 30, 2026)
Oldest indexed filing1996
SEC CIK924805

Selected SEC filings

10-K2026-06-01
View on EDGAR →
10-Q2026-08-10
View on EDGAR →
10-Q2026-02-09
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
10-Q2025-08-08
View on EDGAR →
8-K2026-07-10
View on EDGAR →
8-K2026-07-10
View on EDGAR →
8-K2026-06-29
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.