Freedom Holding Corp.

Listed Company

FRHCCIK 0000924805NasdaqLarge AcceleratedSecurity Brokers, Dealers & Flotation CompaniesNevadaFY ends Mar 31

Period

FY 2026

Revenue

$2.19B

Net Income

$153.33M

Total Assets

$13.16B

Equity

$1.49B

Shares Out

61.29M

Op. Cash Flow

$185.22M

FRHC$152.76−10.91% · past yearDBEQ Basic

Daily closing prices

Business

Freedom Holding Corp. is a Nevada holding company providing securities brokerage, investment banking, retail and commercial banking, insurance, and digital fintech services across Kazakhstan, Europe, Asia, and North America. The company operates through Brokerage (trading, margin lending, investment banking), Banking (deposits, loans via Freedom Bank KZ and Freedom Bank TJ), Insurance (life and general insurance), and Other (payment processing, e-commerce, ticketing). Its primary market is Kazakhstan, where a SuperApp ecosystem integrates banking, payments, insurance, and lifestyle services.

Summary from 10-K filed 2026-06-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Fee and commission income (including $7,680, $4,725 and $65,972 from related parties)	490	505	440	327	335
Net gain/(loss) on trading securities	159	−58	134	71	155
Interest income (including $12,703 , $1,731 and $24,941 from related parties)	882	864	828	295	122
Net insurance revenue	402	571	245	—	—
Net gain on foreign exchange operations	68	52	72	52	4
Net gain/(loss) on derivatives	67	12	−104	−65	946,000
Sales of goods and services	97	40	22	0	—
Other income	26	17	10	−3	4
TOTAL REVENUE, NET	2,191	2,004	1,647	799	690
Fee and commission expense	219	347	155	66	86
Interest expense	489	536	501	209	—
Insurance claims and policyholder benefits, net of reinsurance	259	260	117	—	—
Payroll and bonuses	426	287	180	82	46
Professional services	46	29	34	17	13
Stock compensation expense	68	60	23	9	8
Advertising and sponsorship expense (including $27,151,$18,497, and from related parties)	103	125	38	14	—
General and administrative expense	222	162	121	60	24
Allowance for expected credit losses	52	62	21	29	3
Cost of sales	80	31	18	0	—
TOTAL EXPENSE	1,965	1,900	1,208	563	326
INCOME BEFORE INCOME TAX	226	105	439	236	364
Income tax expense	−73	−28	−60	−43	−39
NET INCOME	153	76	379	206	221
Less: Net loss attributable to non-controlling interest in subsidiary	0	−129,000	−588,000	446,000	−7
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	153	76	379	205	227
Change in unrealized (loss)/gain on investments available-for-sale, net of tax effect	−5	4	6	—	—
Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect	−5	681,000	−3	—	—
Change in discount rate on liability for future policy benefits	−881,000	7	−5	—	—
Foreign currency translation adjustments	54	−104	12	5	−21
OTHER COMPREHENSIVE INCOME/(LOSS)	43	−92	10	29	−23
COMPREHENSIVE INCOME/(LOSS) BEFORE NON-CONTROLLING INTERESTS	197	−16	389	235	198
Less: Comprehensive loss attributable to non-controlling interest in subsidiary	0	−129,000	−588,000	446,000	−7
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	197	−16	389	234	205
Earnings per common share - basic (in dollars per share)	2.56	1.28	6.43	3.5	3.84
Earnings per common share - diluted (in dollars per share)	2.51	1.26	6.39	3.45	3.84
Weighted average number of shares (basic) (in shares)	60	59	59	59	59,378
Weighted average number of shares (diluted) (in shares)	61	60	59	60	59,378

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	966	837	545	581	225
Restricted cash	1,246	807	463	446	548
Investment securities	3,343	2,815	3,905	—	—
Margin lending, brokerage and other receivables, net	4,691	3,319	1,660	376	148
Loans issued (including $21,321 and $188,445 to related parties)	2,078	1,595	1,382	826	—
Fixed assets, net	358	191	83	54	18
Intangible assets, net	73	54	48	—	—
Goodwill	51	49	53	14	6
Right-of-use asset	48	40	36	30	7
Insurance contract assets	37	37	25	14	6
Other assets, net (including $40,119 and $18,080 with related parties)	265	170	102	73	30
TOTAL ASSETS	13,155	9,915	8,302	5,085	3,230
Securities repurchase agreement obligations	1,025	1,418	2,757	1,517	840
Customer liabilities	7,104	4,305	2,274	—	—
Margin lending and trade payables	690	1,322	868	123	45
Insurance contract liabilities	654	472	297	183	122
Current income tax liability	44	29	33	5	15
Debt securities issued	1,261	470	267	60	34
Lease liability	49	41	36	30	8
Liability arising from continuing involvement	555	504	522	441	6
Other liabilities	285	130	82	30	21
TOTAL LIABILITIES	11,666	8,691	7,135	4,314	2,684
Commitments and Contingent Liabilities (Note 29)	0	0	0	0	0
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding	0	0	0	0	0
Common stock - $0.001 par value; 500,000,000 shares authorized; 61,292,581 and 60,993,949 shares issued and outstanding as of March 31, 2026 and March 31, 2025, respectively	61,000	61,000	60,000	59,000	59,000
Additional paid in capital	315	247	184	164	175
Retained earnings	1,232	1,078	999	647	442
Accumulated other comprehensive loss	−57	−100	−19	−34	−63
TOTAL FRHC SHAREHOLDERS' EQUITY	1,489	1,224	1,164	777	554
Non-controlling interest	0	117,000	3	−7	−7
TOTAL SHAREHOLDERS' EQUITY	1,489	1,225	1,179	784	547
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	13,155	9,915	8,302	5,085	3,230

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net income from continuing operations	153	76	379	—	—
Depreciation and amortization	35	17	15	5	3
Amortization of deferred acquisition costs	128	210	50	8	8
Noncash lease expense	18	14	10	5	4
Change in deferred taxes	−12	−20	800,000	−811,000	−5
Stock compensation expense	68	60	23	9	8
Unrealized loss/(gain) on trading securities	5	124	−96	−107	51
Unrealized (gain)/loss on derivatives	−14	−7	3	−12,000	0
Net realized (gain)/loss on available-for-sale securities	−5	681,000	−3	−3	2
Revaluation of investments in associates	1	−1	0	—	—
Net change in accrued interest	35	97	−69	−56	−16
Loss on sale of fixed assets	141,000	0	0	—	—
Change in insurance reserves	147	229	96	51	37
Revaluation of purchase price previously held interest in Arbuz	0	0	−1	0	0
Change in unused vacation reserve	10	3	6	2	200,000
Allowances for expected credit losses	52	62	21	29	3
Other non-cash income/expense	−129,000	0	0	—	—
Trading securities	25	827	−1,048	−1,019	−609
Margin lending, brokerage and other receivables (including $(19,041), $41,934, and $(108,275) changes from related parties)	−1,203	−1,744	−1,273	−253	−104
Insurance contract assets	−14	−15	−6	3	−2
Other assets	−175	−269	−75	−21	−17
Brokerage customer liabilities (including $46,647, $48,161, and $(325,904) changes from related parties)	1,597	1,517	112	106	−23
Current income tax liability	15	−4	28	−10	357,000
Margin lending and trade payables (including $(471), $1,789, and $(39,371) changes from related parties)	−730	474	735	164	26
Lease liabilities	−18	−14	−10	−5	−4
Liabilities from insurance activity	−988,000	5	7	−11	2
Other liabilities	70	44	33	−3	10
Net cash flows from/(used in) operating activities	185	1,681	−1,064	−952	−406
Purchase of fixed assets	−199	−81	−37	−39	−6
Purchase of intangible assets	−23	−14	−7	—	0
Net change in loans issued to customers	−412	−436	−569	−715	−86
Purchase of available-for-sale securities, at fair value	−452	−458	−230	−330	−249
Proceeds from sale of available-for-sale securities, at fair value	382	174	260	261	199
Purchase of held-to-maturity securities	−324	−68	0	0	—
Consideration paid for acquisitions	−13	−19	−35	—	—
Cash, cash equivalents and restricted cash received from acquisitions	8	93,000	2	16	0
Capital contribution to investment in associate	−100,000	−3	0	0	—
Cash received from sale of subsidiaries	2	2	0	0	—
Prepayment on acquisitions	−18	−19	−22	—	—
Refund of prepayment on acquisition	0	15	0	0	—
Net cash flows used in investing activities	−1,049	−905	−638	−1,463	−146
Net (repayment)/proceeds from securities repurchase agreement obligations	−432	−1,061	1,191	637	—
Proceeds from issuance of debt securities	784	202	206	46	13
Settlement and repurchase of mortgage loans under the State Program	−60	−55	−42	—	—
Funds received under state program for financing of mortgage loans	65	81	102	436	7
Net change in bank customer deposits	770	829	218	1,011	141
Purchase of non-controlling interest in Arbuz	0	0	−3	0	0
Net proceeds from loans received	65	2	3	—	—
Net cash flows (used in)/from financing activities	1,192	−2	1,675	2,133	619
Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash	241	−137	12	44	−14
Effect of expected credit losses on cash and cash equivalents and restricted cash	−1	79,000	−3	0	0
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	568	637	−19	−203	11

Filings

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Frequently asked questions

What is Freedom Holding Corp.'s CIK number?

Freedom Holding Corp.'s SEC CIK number is 0000924805 (924805). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Freedom Holding Corp.'s SEC filings?

All of Freedom Holding Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Freedom Holding Corp. last report earnings?

Freedom Holding Corp. (FRHC) most recently filed an earnings 8-K with the SEC on Feb 13, 2024, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000924805-24-000018). This is Freedom Holding Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Freedom Holding Corp.'s most recent earnings 8-K?

Freedom Holding Corp.'s latest earnings 8-K (Item 2.02) was filed Feb 13, 2024 under accession 0000924805-24-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Freedom Holding Corp.'s latest earnings 8-K →
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