Freedom Holding Corp.

Freedom Holding Corp.

FRHC
Freedom Holding Corp.US flagNASDAQ Capital Market
158.13
USD
+0.29
- -
9.69BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
0.07
1
1.28
1.44
5.94
11.62
13.57
28.1
34.24
35.45
Basic EPS, GAAP
-0.06
-0.03
- -
- -
0.02
0.31
0.12
0.43
2.56
3.83
3.5
6.37
1.43
0.04
Free Cash Flow per Basic Share
-0.1
-0.03
- -
- -
0.02
-2.05
0.92
1.4
9.04
-6.94
-16.89
-18.79
26.7
47.79
Dividend per Share
0.41
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.57
-1.6
-1.54
- -
0.06
0.59
0.72
1.15
3.57
7.44
11.04
16.94
18.28
20.61
Tangible Book Value per Share
0.03
- -
- -
- -
0.15
2.03
1.9
2.13
4.53
9.02
12.6
18.09
18.71
21.42
Basic Weighted Avg Shares
56
56
58
280
280
58
58
58
58
59
59
59
59
60
Sales/Revenue/Turnover
- -
- -
- -
- -
19
58
74
83
347
690
796
1,657
2,033
2,117
Operating Margin (%)
- -
- -
- -
- -
50.42
57.73
31.52
45.93
51.28
64.46
55.48
55.94
31.07
23.17
Depreciation Expense
- -
- -
- -
- -
- -
1
2
1
3
3
5
15
17
25
Net Income, GAAP
-3
-2
- -
- -
6
18
7
25
150
227
205
376
85
3
Effective Tax Rate (%)
- -
- -
- -
- -
- -
2.25
16.07
16.96
15.35
10.61
18.13
13.88
25.17
92.43
Profit Margin (%)
- -
- -
- -
- -
32.48
31.51
9.62
29.78
43.14
32.98
25.78
22.67
4.16
0.13
Working Capital
10
9
8
9
53
135
145
197
300
683
1,321
2,042
2,287
2,209
LT Debt
- -
- -
- -
- -
3
11
33
87
40
45
90
313
535
1,119
Total Equity
2
- -
- -
- -
44
127
118
129
276
547
771
1,167
1,214
1,395
Return on Invested Capital (%)
- -
- -
- -
- -
- -
16.13
7.49
12.98
31.06
36.95
18.86
23.97
12.65
0.97
Return on Capital (%)
- -
- -
- -
- -
- -
23
10.95
20.77
40.96
31.19
21.06
25.56
13.66
1.05
Return on Common Equity (%)
- -
- -
- -
- -
- -
71.96
18.82
46.02
108.81
69.93
37.67
45.63
8.12
0.22

Capital Structure

FRC

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
1,073
806
1,055
LT Borrowings
670
743
1,075
LT Finance Leases
39
39
44
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
8,694
10,280
7,267

Working Capital

FRC

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
8,484
9,083
10,805
Cash, Cash Equivalents & STI
2,711
2,472
3,141
Accounts Receivable, Net
2,916
3,540
3,011
Inventories
- -
- -
- -
Total Current Liabilities
6,665
7,233
8,597
Payables & Accruals
1,043
566
620
ST Debt
1,073
806
1,055
Deferred Revenue
4,549
5,860
6,922

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4,175.96%
61.68%
4.06%
Free Cash Flow
-486.03%
57.17%
-243.1%
Net Income, GAAP
206.76%
110.07%
-77.46%
Sales/Revenue/Turnover
- -
112.22%
22.74%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
313
421
431
490
1,657
2025
445
519
587
446
2,033
2026
525
531
616
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.16
1.98
1.65
- -
6.37
2025
0.58
1.93
1.32
- -
1.43
2026
0.51
0.65
1.28
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Timur Ruslanovich Turlov
Full Time Employees
7,761
Sector
Financial Services
Industry
Financial - Capital Markets
Address
Esentai Tower BC Almaty Kazakhstan 050040
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

APIChat
  • Freedom Holding Corp. More Than Doubles Net Income and Reports Record Revenue in Fiscal 2026

  • Freedom Holding Corp. More Than Doubles Net Income and Reports Record Revenue in Fiscal 2026

  • Freedom Holding Corp (FRHC) Stock Up 5.2% and Still Undervalued -- GF Score: 76/100

  • Freedom Holding Corp (FRHC) Reports 2026 Earnings

  • Freedom Holding Corp (FRHC) Shares Fall 3.2% -- What GF Score of 77 Tells Investors

  • AV Expands Huntsville Facility to Accelerate Production of Next-Generation Freedom Eagle-1 Interceptor

  • New Lockheed Martin Facility to Support America's Arsenal of Freedom, Accelerated Production of THAAD Interceptors

  • Terra Clean Energy Corp. Reports Strong Initial Results from the Airborne Radiometric & Photogrammetric Surveys at Prospector Freedom Uranium Project, Utah; Summer Exploration Program Underway

  • Freedom Bank Receives Preferred Lender Status for SBA's 7(a) Working Capital Pilot Program

  • $5,000 Monthly Passive Income For Financial Freedom

  • A Look at Freedom Holding Corp (FRHC) After 9.8% Decline -- GF Value $153.01 vs Price $135.11

  • Freedom Financial Holdings Announces Earnings for First Quarter of 2026

  • Freedom Holding Remains A Compelling Buy Ahead (Earnings Preview)

  • Freedom Bank Opens New Branch in Tysons and Relocates Corporate Offices

  • Freedom Boat Club Acquires Greater Boston & Cape Cod Franchise Strengthening Its Northeast Presence

  • A Look at Freedom Holding Corp (FRHC) After 3.8% Gain -- GF Value $151.66 vs Price $156.70

  • Freedom Holding Corp. Announces That It Is Considering an Offering of Its Common Stock in Kazakhstan

  • Freedom Bank Kazakhstan Receives Its First Moody's Rating at Ba3 with Stable Outlook

  • Freedom Holding Corp. to Acquire 99.32% Stake in Turkish Bank A.Ş.

  • Markets will rally if fears around crude prices abate, says Freedom Capital's Jay Woods