analyzeportfolio
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
72.1×
trailing when available, otherwise FY EPS
Market cap
$11.58B
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 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin7.0%
29th percentile of 372
FCF margin-0.6%
17th percentile of 266
Revenue growth (YoY)+9.3%
47th percentile of 418
ROE10.3%
55th percentile of 373
P/E72.1×
97th percentile of 307
Short interest11.91d
97th percentile of 417

Freedom Holding’s P/E of 72.1 ranks in the 97th percentile of the 307 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 8 insider sales totaling $4.9M. 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)
8
$4.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-28
filed 2026-09-01
Azamat YerdessovFreedom Life Chief Exec. Ofc.Sell1.5K$175.00$263K
2026-08-28
filed 2026-09-01
Azamat YerdessovFreedom Life Chief Exec. Ofc.Sell1.5K$171.60$257K
2026-08-26
filed 2026-08-28
Valeriy KimChief Financial OfficerSell5.0K$169.31$847K
2026-08-19
filed 2026-08-21
Evgeny LerChief Financial OfficerSell14.4K$158.27$2.3M
2026-08-19
filed 2026-08-21
Evgeny LerChief Financial OfficerSell2.6K$159.49$415K
2026-08-19
filed 2026-08-21
Evgeny LerChief Financial OfficerSell2.5K$160.00$400K
2026-08-19
filed 2026-08-21
Evgeny LerChief Financial OfficerSell500$157.50$79K
2026-08-13
filed 2026-08-14
Renat TukanovCHIEF TECHNOLOGY OFFICERSell2.7K$151.25$408K
2026-06-22
filed 2026-06-24
Renat TukanovCHIEF TECHNOLOGY OFFICERSell1.8K$140.82$253K
2026-06-22
filed 2026-06-24
Andrew GambleDirectorSell357$141.04$50K
2026-06-04
filed 2026-06-08
Azamat YerdessovFreedom Life Chief Exec. Ofc.Sell3.7K$152.01$562K
2026-06-04
filed 2026-06-08
Azamat YerdessovFreedom Life Chief Exec. Ofc.Sell3.5K$159.09$553K

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
1.0M
settled 2026-09-30
Change vs prior
-4.2%
vs previous settlement
Days to cover
11.91
at avg daily volume
Avg daily volume
87.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-301.0M-4.2%11.91
2026-09-151.1M+19.6%16.37
2026-08-31906.1K-4.5%4.87
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

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 (tap or hover a figure to see how it was calculated or what was 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$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 (tap or hover a figure to see how it was calculated or what was 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

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 (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$732.5M39.8%$31.7M$0.52
Q4 FY202668.6%
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 FY2025-37.4%
Q3 FY2025$664.6M58.7%$78.3M$1.29
Q2 FY2025$586.1M34.6%$114.7M$1.89

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

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-K2026-09-17
View on EDGAR →
8-K2026-07-10
View on EDGAR →
8-K2026-07-10
View on EDGAR →

Largest Financials peers

All Financials companies →

Monitor FRHC

Get an alert when Freedom Holding files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor FRHC free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

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.