Freedom Holding Corp (FRHC)

Name: Freedom Holding Corp Financial Statements
Creator: Quarter Results

Financial Services | Financial Capital Markets

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$616M

Net Income

$76.2M

Operating Margin

32.5%

Free Cash Flow

$1.6B

Debt / Assets

87.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Freedom Holding Corp (FRHC).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2024-12-31
Revenue	615,574,000	530,888,000	524,862,000	655,190,000
Cost of Revenue	261,060,000	252,367,000	272,160,000	10,955,000
Gross Profit	354,514,000	278,521,000	252,702,000	644,235,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	139,359,000	99,051,000	102,516,000	119,281,000
Operating Expenses	154,528,000	118,811,000	107,338,000	75,342,000
Operating Income	199,986,000	159,710,000	145,364,000	570,798,000
Interest Expense	127,915,000	102,259,000	113,410,000	131,136,000
Income Before Tax	93,945,000	60,486,000	40,515,000	98,328,000
Income Tax Expense	17,710,000	21,765,000	10,119,000	20,191,000
Net Income	76,235,000	38,721,000	30,396,000	78,281,000
Per Share
EPS	1.27	0.65	0.51	1.32
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Freedom Holding Corp (FRHC).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	2,033,455,000	1,635,080,000	795,693,000	564,663,000	352,551,000
Cost of Revenue	963,624,000	474,935,000	224,808,000	81,231,000	73,100,000
Gross Profit	1,069,831,000	1,160,145,000	570,885,000	483,432,000	279,451,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	375,617,000	120,888,000	59,971,000	55,990,000	0
Operating Expenses	438,062,000	237,397,000	129,448,000	161,593,000	77,434,000
Operating Income	631,769,000	922,748,000	441,437,000	315,778,000	202,017,000
Interest Expense	535,895,000	501,111,000	208,947,000	75,899,000	27,366,000
Income Before Tax	112,946,000	435,371,000	235,938,000	236,894,000	173,022,000
Income Tax Expense	28,425,000	60,419,000	42,776,000	25,525,000	30,098,000
Net Income	84,650,000	375,540,000	205,140,000	227,494,000	142,293,000
Per Share
EPS	1.43	6.37	3.50	3.83	2.45
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Freedom Holding Corp (FRHC).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	837,302,000	545,084,000	581,417,000	625,547,000
Short Term Investments	2,748,873,000	3,905,241,000	2,651,609,000	1,203,480,000
Net Receivables	4,966,359,000	3,072,839,000	153,371,000	459,297,000
Inventory	6,402,000	0	1,889,056,000	0
Total Current Assets	9,501,884,000	8,073,962,000	4,958,644,000	2,854,566,000
Property Plant Equipment	230,931,000	119,326,000	84,362,000	37,034,000
Goodwill and Intangibles	103,279,000	100,316,000	31,807,000	11,179,000
Total Assets	9,914,017,000	8,301,930,000	5,084,558,000	2,921,009,000
Liabilities
Account Payables	1,343,835,000	886,729,000	130,871,000	48,834,000
Short Term Debt	1,418,443,000	2,756,596,000	1,517,416,000	775,178,000
Total Current Liabilities	7,215,320,000	6,033,692,000	3,588,673,000	2,260,638,000
Long Term Debt	534,936,000	312,514,000	3,679,019,000	117,880,000
Total Liabilities	8,699,659,000	7,134,972,000	4,313,822,000	2,413,334,000
Shareholders Equity
Retained Earnings	1,085,565,000	998,740,000	647,064,000	426,563,000
Total Shareholders Equity	1,214,241,000	1,163,650,000	777,285,000	514,671,000

Balance sheet annual history for Freedom Holding Corp (FRHC).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	837,302,000	545,084,000	581,417,000	625,547,000	698,828,000
Short Term Investments	2,748,873,000	3,905,241,000	2,651,609,000	1,203,480,000	736,189,000
Net Receivables	4,966,359,000	3,072,839,000	153,371,000	459,297,000	78,303,000
Inventory	6,402,000	0	1,889,056,000	0	0
Total Current Assets	9,501,884,000	8,073,962,000	4,958,644,000	2,854,566,000	1,960,457,000
Property Plant Equipment	230,931,000	119,326,000	84,362,000	37,034,000	31,647,000
Goodwill and Intangibles	103,279,000	100,316,000	31,807,000	11,179,000	17,653,000
Total Assets	9,914,017,000	8,301,930,000	5,084,558,000	2,921,009,000	2,018,645,000
Liabilities
Account Payables	1,343,835,000	886,729,000	130,871,000	48,834,000	23,878,000
Short Term Debt	1,418,443,000	2,756,596,000	1,517,416,000	775,178,000	426,715,000
Total Current Liabilities	7,215,320,000	6,033,692,000	3,588,673,000	2,260,638,000	1,630,929,000
Long Term Debt	534,936,000	312,514,000	3,679,019,000	117,880,000	85,065,000
Total Liabilities	8,699,659,000	7,134,972,000	4,313,822,000	2,413,334,000	1,742,974,000
Shareholders Equity
Retained Earnings	1,085,565,000	998,740,000	647,064,000	426,563,000	208,628,000
Total Shareholders Equity	1,214,241,000	1,163,650,000	777,285,000	514,671,000	277,312,000

Cash flow quarterly history for Freedom Holding Corp (FRHC).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	84,521,000	375,540,000	193,162,000	211,369,000
Depreciation & Amortization	17,158,000	14,603,000	5,138,000	4,647,000
Stock Based Compensation	59,592,000	22,719,000	11,038,000	15,745,000
Change in Working Capital	-5,539,000	-1,323,755,000	-1,052,539,000	-682,546,000
Operating Cash Flow	1,681,058,000	-1,064,362,000	-951,683,000	-347,988,000
Investing Activities
Capital Expenditure	-95,328,000	-43,751,000	-38,542,000	-9,037,000
Investments	-95,328,000	-43,751,000	-38,542,000	-9,037,000
Investing Cash Flow	-905,472,000	-638,222,000	-1,463,244,000	-8,703,000
Financing Activities
Debt Repayment	230,780,000	269,020,000	-43,060,000	-16,703,000
Common Stock Issued/Repurchased	0	0	677,000	119,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-1,578,000	1,674,572,000	2,133,381,000	453,684,000
Summary
Free Cash Flow	1,585,730,000	-1,108,113,000	-990,225,000	-357,025,000
Net Change in Cash	637,049,000	-19,224,000	-203,355,000	42,441,000

Cash flow annual history for Freedom Holding Corp (FRHC).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	84,521,000	375,540,000	193,162,000	211,369,000	142,924,000
Depreciation & Amortization	17,158,000	14,603,000	5,138,000	4,647,000	3,825,000
Stock Based Compensation	59,592,000	22,719,000	11,038,000	15,745,000	1,664,000
Change in Working Capital	-5,539,000	-1,323,755,000	-1,052,539,000	-682,546,000	426,445,000
Operating Cash Flow	1,681,058,000	-1,064,362,000	-951,683,000	-347,988,000	565,299,000
Investing Activities
Capital Expenditure	-95,328,000	-43,751,000	-38,542,000	-9,037,000	-4,163,000
Investments	-95,328,000	-43,751,000	-38,542,000	-9,037,000	-4,163,000
Investing Cash Flow	-905,472,000	-638,222,000	-1,463,244,000	-8,703,000	97,040,000
Financing Activities
Debt Repayment	230,780,000	269,020,000	-43,060,000	-16,703,000	-8,350,000
Common Stock Issued/Repurchased	0	0	677,000	119,000	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-1,578,000	1,674,572,000	2,133,381,000	453,684,000	348,411,000
Summary
Free Cash Flow	1,585,730,000	-1,108,113,000	-990,225,000	-357,025,000	561,136,000
Net Change in Cash	637,049,000	-19,224,000	-203,355,000	42,441,000	1,006,981,000