Freedom Holding Corp.

Freedom Holding Corp.

FRHC
Freedom Holding Corp.US flagNASDAQ Capital Market
162.02
USD
-2.52
- -
9.93BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
- -
- -
0.07
1
1.28
1.44
5.94
11.62
13.57
27.77
33.46
36.09
40.04
Basic EPS, GAAP
-0.03
- -
- -
0.02
0.31
0.12
0.43
2.56
3.83
3.5
6.43
1.28
2.56
2.58
Free Cash Flow per Basic Share
-0.03
- -
- -
0.02
-2.05
0.92
1.4
9.04
-6.94
-16.89
-18.79
26.7
-0.62
-15.1
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
0.16
2.19
2.03
2.25
4.74
9.3
13.03
19.29
20.07
24.3
24.99
Tangible Book Value per Share
- -
- -
- -
0.15
2.03
1.9
2.15
4.56
9.11
12.5
17.63
18.38
22.27
22.73
Basic Weighted Avg Shares
56
58
280
280
58
58
58
58
59
59
59
59
60
60
Sales/Revenue/Turnover
- -
- -
- -
19
58
74
83
347
690
796
1,638
1,987
2,165
2,399
Operating Margin (%)
- -
- -
- -
50.42
57.73
31.52
45.93
51.28
64.46
55.48
56.81
31.37
31.82
31.28
Depreciation Expense
- -
- -
- -
- -
1
2
1
3
3
5
15
17
35
38
Net Income, GAAP
-2
- -
- -
6
18
7
25
150
227
205
379
76
153
155
Effective Tax Rate (%)
- -
- -
- -
- -
2.25
16.07
16.96
15.35
10.61
18.13
13.76
27.18
32.15
31.68
Profit Margin (%)
- -
- -
- -
32.48
31.51
9.62
29.78
43.14
32.98
25.78
23.15
3.84
7.08
6.44
Working Capital
9
8
9
53
135
145
197
300
683
1,321
2,042
2,288
3,166
3,493
LT Debt
- -
- -
- -
3
11
33
87
40
45
90
313
535
1,407
1,534
Total Equity
- -
- -
- -
44
127
118
129
276
547
771
1,167
1,225
1,489
1,535
Return on Invested Capital (%)
- -
- -
- -
- -
16.13
7.49
12.98
31.06
36.95
18.86
24.1
12.13
13.01
13.8
Return on Capital (%)
- -
- -
- -
- -
16.15
7.42
14.77
35.23
28.54
19.72
24.55
12.59
13.67
14.52
Return on Common Equity (%)
- -
- -
- -
28.58
21.29
5.84
19.96
73.25
54.76
30.83
39.06
6.39
11.3
11.18

Capital Structure

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
1,055
1,025
1,254
LT Borrowings
1,075
1,358
1,471
LT Finance Leases
44
49
63
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
7,444
8,880
8,015

Working Capital

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
10,805
12,178
12,576
Cash, Cash Equivalents & STI
3,141
3,879
5,013
Accounts Receivable, Net
3,011
4,691
4,020
Inventories
- -
18
- -
Total Current Liabilities
8,597
9,012
9,083
Payables & Accruals
620
788
671
ST Debt
1,055
1,025
1,254
Deferred Revenue
6,922
7,200
7,158

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4,215.82%
43.45%
21.62%
Free Cash Flow
-352.23%
-74.24%
-102.33%
Net Income, GAAP
-35.1%
29.62%
100.99%
Sales/Revenue/Turnover
- -
50.06%
8.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
445
519
587
446
1,987
2026
515
531
616
532
2,165
2027
721
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.58
1.93
1.32
- -
1.28
2026
0.62
0.65
1.28
- -
2.56
2027
0.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Timur Ruslanovich Turlov
Full Time Employees
12,100
Sector
Financial Services
Industry
Financial - Conglomerates
Address
3960 Howard Hughes Parkway, Suite 500 Las Vegas NV United States of America 89169
IPO Date
Feb 7, 2018
Business
Freedom Holding Corp. operates as a diversified multinational financial services holding company primarily engaged in retail financial brokerage, investment counseling, securities trading, investment banking, underwriting, and asset management. Its core products and services include brokerage and trading services under the Freedom Finance brand; investment banking and capital markets advisory through its subsidiaries; securities brokerage and market making across multiple securities exchanges including Kazakhstan Stock Exchange, Moscow Exchange, Astana International Exchange, Saint-Petersburg Exchange, Ukrainian Exchange, and the Republican Stock Exchange of Tashkent; retail and institutional trading platforms; banking services through Freedom Bank; digital financial services including the Freedom SuperApp for banking, currency trading, and payments; and innovative banking products such as the Freedom currency, a cashback-linked exchange-traded note convertible into company shares. The company also provides wealth management and investment advisory services, notably after its acquisition of U.S.-based Maxim Group LLC, expanding its presence in the U.S. capital markets, investment research, and investment banking. Freedom Holding Corp. operates mainly across Eurasia with key markets in Kazakhstan, Russia, Uzbekistan, Cyprus, and the United States. Founded in 2008 and headquartered in Almaty, Kazakhstan, the company employs more than 1,500 personnel globally. Recent major company developments include the strategic acquisition of Maxim Group in 2023 to enhance its U.S. operations and capital markets capabilities. In 2025, Freedom Holding launched a $2 billion sovereign AI hub in Kazakhstan powered by NVIDIA, highlighting a strategic expansion into fintech and digital education technology through partnerships with OpenAI. The company also introduced advanced banking technologies, including the Freedom SuperApp and Freedom Banker app, supporting both local and international clients with multi-currency cards and digital financial ecosystems. It sponsors notable events such as the Financial Times Global Banking Summit. Freedom Holding is reportedly in talks to acquire TurkishBank, signaling ongoing expansion in regional banking. Additionally, BlackRock has become the second-largest shareholder, reflecting increased institutional investor confidence. The company continues to focus on growth via acquisitions, technological innovation, and expanding its financial product offerings across Eurasia and North America while maintaining a strong presence on multiple securities exchanges and broad retail client services.

Company News

  • Bank of New York Mellon Corp Invests $6.30 Million in Freedom Holding Corp. $FRHC

  • Moody's Assigns First-Time Insurance Financial Strength Ratings to Freedom Insurance and Freedom Life

  • S&P Revises Outlook on Freedom Holding Corp. and Core Subsidiaries to Positive

  • 20 stocks likely to lose money even if the bull market continues

  • NEREUS™ Sponsored No. 47 IndyCar Ready for Historic Freedom 250 Grand Prix in Washington, D.C.

  • Penske Automotive Sets Scene for Freedom 250 Grand Prix: NYSE Content Update

  • WillScot Named Presenting Paddock Sponsor for Inaugural Freedom 250 Grand Prix on the National Mall

  • Freedom Holding Marks New Türkiye Milestone as Freedom Yatırım Secures Brokerage License

  • Freedom Gold Corp. Announces Closing of First Tranche of Private Placement Offering of Units

  • Eagle Freedom Alliance Recognizes Apple for Advancing Responsible Mineral Sourcing in East Africa

  • Lockheed Martin Announces Strigo™ and New Product Center of Missile Technology Solutions to Support the Arsenal of Freedom

  • Freedom Holding Corp (FRHC) Reports First Quarter Fiscal Year 2027 Earnings

  • Freedom Metals Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing August 4, 2026

  • Freedom Holding Corp. Completes Acquisition of Turkish Bank

  • Freedom Financial Holdings Announces Earnings for Second Quarter of 2026

  • Freedom Holding Corp. Works With Ant International's Antom to Simplify Online Shopping From China for Kazakhstan Consumers

  • Freedom Holding Corp. Announces Completion of US$300 Million Ordinary Share Offering

  • Freedom Holding Corp. Announces That It Has Completed an Offering of Its Common Stock

  • LibertyStream Commissions Fully Automated Gen 6 System at Freedom Launchpad as Freedom 1 Site Preparation Advances

  • Celebrating America's Enduring Spirit of Freedom and Opportunity