What is Freedom Holding Corp.'s earnings per share (EPS)?

Freedom Holding Corp. (FRHC) reported diluted earnings per share of $2.51 for fiscal year 2026. This represents a 99.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Freedom Holding Corp. (FRHC) Financials

FRHC

Trailing 12 months to June 30, 2026

Revenue $2.4B +15.8% YoY

Net Income $147.6M +86.3% YoY

EPS (Diluted) $2.53 +96.1% YoY

Free Cash Flow -$888.8M -172.6% YoY

Market Cap $10.7B as of Oct 12, 2026

Price / Sales 4.5x on $2.4B revenue, trailing 12 months to June 30, 2026

Price / Earnings 72.6x on $147.6M net income, trailing 12 months to June 30, 2026

Price / Book 7.0x on $1.5B equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FRHC SEC filings page.

Freedom Holding Corp. (FRHC) reported $2.4B in revenue over the twelve months to Jun 30, 2026, up 15.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FRHC FY2026 2026-10-03

The business is expanding through heavy liability funding, while earnings and cash generation remain volatile despite rapid asset growth.

In FY2025, operating cash flow reached $1.68B while net income was only $76.3M, an earnings-to-cash gap too large to treat profit as the main cash driver. In FY2026, operating cash flow of $185M moved closer to net income of $153M, suggesting the prior year's cash surge was episodic rather than a stable earnings pattern.

Assets rose from $3.23B in FY2022 to $13.2B in FY2026, indicating a balance sheet that expanded much faster than the original base. Liabilities reached $11.7B and debt-to-equity climbed to 7.8x, so expansion was predominantly liability-funded rather than equity-funded.

Net margin fell from 33.0% in FY2022 to 3.8% in FY2025, showing that growth did not translate consistently into bottom-line earnings. It recovered to 7.0% in FY2026, but free cash flow was still negative at -$13.5M, indicating the earnings recovery did not fully fund reinvestment.

Financial Health Signals

Financial health score not available

Freedom Holding Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Freedom Holding Corp. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.21x

For every $1 of reported earnings, Freedom Holding Corp. generates $1.21 in operating cash flow ($185.2M OCF vs $153.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$732.5M

YoY+39.8%

QoQ+42.9%

5Y CAGR+42.6%

Freedom Holding Corp. generated $732.5M in revenue in Q1 2027. This represents an increase of 39.8% from the same quarter a year earlier. Against the prior quarter it is up 42.9%.

Net Income

$31.7M

YoY-15.2%

QoQ+3016.1%

5Y CAGR-10.6%

Freedom Holding Corp. reported $31.7M in net income in Q1 2027. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is up 3016.1%.

EPS (Diluted)

$0.52

YoY-14.8%

5Y CAGR-11.0%

Freedom Holding Corp. earned $0.52 per diluted share (EPS) in Q1 2027. This represents a decrease of 14.8% from the same quarter a year earlier.

EBITDA

Not reported for Q1 2027.

Cash & Balance Sheet

Free Cash Flow

-$420.8M

YoY-192.6%

QoQ+73.2%

Freedom Holding Corp. recorded an outflow of $420.8M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 192.6% from the same quarter a year earlier. Against the prior quarter it is up 73.2%.

Cash & Debt

$1.4B

YoY+137.9%

QoQ+39.8%

5Y CAGR+45.5%

Freedom Holding Corp. held $1.4B in cash as of Q1 2027; long-term debt is not reported for that period.

Shares Outstanding

64M

YoY+4.2%

5Y CAGR+1.4%

10Y CAGR-13.8%

Freedom Holding Corp. had 64M shares outstanding in Q1 2027. This represents an increase of 4.2% from the same quarter a year earlier.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

95.2%

YoY-2.2pp

QoQ+0.1pp

Freedom Holding Corp.'s gross margin was 95.2% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Net Margin

4.3%

YoY-2.8pp

QoQ+4.1pp

5Y change-40.3pp

Freedom Holding Corp.'s net profit margin was 4.3% in Q1 2027, showing the share of revenue converted to profit. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.

Return on Equity

2.1%

YoY-1.0pp

QoQ+2.0pp

5Y change-14.6pp

Freedom Holding Corp.'s ROE was 2.1% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.

Operating Margin

Not reported for Q1 2027.

Capital Allocation

Capital Expenditures

$79.1M

YoY+200.3%

QoQ+244.2%

5Y CAGR+110.8%

10Y CAGR+105.5%

Freedom Holding Corp. invested $79.1M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 200.3% from the same quarter a year earlier. Against the prior quarter it is up 244.2%.

R&D Spending

Not reported for Q1 2027.

Share Buybacks

Not reported for Q1 2027.

FRHC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FRHC quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$2.4B	$2.2B+9.3%	$2.0B+21.7%	$1.6B+106.1%	$799.1M+15.9%	$689.8M+98.9%	$346.9M+316.0%	$83.4M+12.3%	$74.3M+34.5%	$55.2M	$0	$0	$0	$0	$0	$0
Cost of Revenue	$101.0M	$79.6M+154.6%	$31.3M+78.3%	$17.5M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$2.3B	$2.1B+7.0%	$2.0B+21.1%	$1.6B+103.9%	$799.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$256.6M	$222.3M+36.8%	$162.5M+34.4%	$120.9M+101.6%	$60.0M+154.8%	$23.5M+111.7%	$11.1M	N/A	N/A	N/A	$214K-20.0%	$268K+233.3%	$80K-94.6%	$1.5M-50.2%	$3.0M-85.3%	$20.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$582K-17.8%	-$494K-514.1%	-$80K+94.9%	-$1.6M+48.9%	-$3.1M+87.0%	-$24.0M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$579K-18.0%	-$491K-510.0%	-$80K+94.6%	-$1.5M+50.2%	-$3.0M+87.5%	-$23.9M
Interest Expense	$553.2M	$489.0M-8.7%	$535.9M+6.9%	$501.1M+139.8%	$208.9M+171.5%	$76.9M+242.8%	$22.4M+120.0%	$10.2M-30.4%	$14.6M+2.8%	$14.2M	N/A	N/A	N/A	N/A	$0-100.0%	$3.6M
Income Tax	$71.7M	$72.6M+155.5%	$28.4M-53.0%	$60.4M+41.2%	$42.8M+10.9%	$38.6M+65.5%	$23.3M+372.5%	$4.9M+260.6%	$1.4M+185.6%	$479K+478900.0%	$100+141.7%	-$240+99.6%	-$55K	$0	$0	$0
Net Income	$147.6M	$153.3M+101.0%	$76.3M-79.9%	$379.1M+84.8%	$205.1M-9.8%	$227.5M+52.0%	$149.7M+502.5%	$24.8M+247.5%	$7.1M-62.8%	$19.2M+3426.7%	-$578K-17.5%	-$492K-2518.8%	-$19K+98.8%	-$1.6M+49.1%	-$3.1M+97.8%	-$139.2M
EPS (Basic)	N/A	$2.56+100.0%	$1.28-80.1%	$6.43+83.7%	$3.50-8.9%	$3.84+50.0%	$2.56+495.3%	$0.43+258.3%	$0.12-79.3%	$0.58	N/A	N/A	$0.00+100.0%	-$0.03+50.0%	-$0.06+97.6%	-$2.50
EPS (Diluted)	$2.53	$2.51+99.2%	$1.26-80.3%	$6.39+85.2%	$3.45-10.2%	$3.84+50.0%	$2.56+495.3%	$0.43+258.3%	$0.12	$0.58	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	61M+1.0%	60M+1.9%	59M-0.2%	60M-99.9%	59.38B+1.6%	58.44B+100228.5%	58M0.0%	58M	33M	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$732.5M+39.8%	$512.6M+71.8%	$628.6M-5.4%	$526.1M-10.2%	$524.0M+15.2%	$298.4M-37.4%	$664.6M+58.7%	$586.1M+34.6%
Cost of Revenue	$35.2M+153.5%	$25.2M+104.1%	$25.3M+170.0%	$15.1M+189.0%	$13.9M+224.5%	$12.4M	$9.4M	$5.2M
Gross Profit	$697.3M+36.7%	$487.3M+70.4%	$603.3M-7.9%	$511.0M-12.0%	$510.1M+13.2%	$286.1M	$655.2M	$580.9M
SG&A Expenses	$76.2M+81.5%	$63.4M+131.9%	$71.4M+32.6%	$45.6M+11.5%	$42.0M+3.9%	$27.3M-21.2%	$53.9M+67.8%	$40.9M+37.9%
Interest Expense	$177.6M+56.6%	$145.5M+8.2%	$127.9M-2.5%	$102.3M-18.0%	$113.4M-22.2%	$134.4M-0.8%	$131.1M-0.1%	$124.7M-10.6%
Income Tax	$9.2M-9.3%	$23.0M+275.8%	$17.7M-12.3%	$21.8M+55.5%	$10.1M+37.9%	-$13.1M-245.4%	$20.2M+29.9%	$14.0M-27.1%
Net Income	$31.7M-15.2%	$1.0M+100.7%	$76.2M-2.6%	$38.7M-66.2%	$37.4M+8.6%	-$151.1M-252.9%	$78.3M-18.8%	$114.7M-1.0%
EPS (Basic)	$0.52-16.1%	$0.13+105.1%	$1.27-3.8%	$0.65-66.3%	$0.62+6.9%	-$2.55-261.4%	$1.32-20.0%	$1.93-2.0%
EPS (Diluted)	$0.52-14.8%	$0.13	$1.25-3.1%	$0.63-66.7%	$0.61+7.0%	-$2.50-256.2%	$1.29-20.9%	$1.89-3.1%
Diluted Shares (Avg)	61M+0.3%	N/A	61M+0.9%	61M+1.1%	61M+1.3%	N/A	61M+2.1%	60M-99.9%

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.

FRHC Balance Sheet

FRHC quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$13.2B+32.7%	$9.9B+19.4%	$8.3B+63.3%	$5.1B+57.4%	$3.2B+53.8%	$2.1B+363.1%	$453.5M+29.2%	$350.9M+6.3%	$330.1M+174.4%	$120.3M+1284.6%	$8.7M+2003.7%	$413K-95.2%	$8.6M-18.7%	$10.6M-74.5%	$41.4M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$8.6M-1.1%	$8.7M+2046.7%	$405K-95.3%	$8.6M-17.9%	$10.5M-74.6%	$41.2M
Cash & Equivalents	$966.1M+15.4%	$837.3M+53.6%	$545.1M-6.2%	$581.4M+157.9%	$225.5M+33.6%	$168.8M+1401.5%	$11.2M-87.3%	$88.4M+34.5%	$65.7M+90.8%	$34.5M	N/A	$403K-95.3%	$8.6M-17.9%	$10.5M-73.4%	$39.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	N/A	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0-100.0%	$68.4M-5.3%	$72.3M+7229500.0%	$1K	$0	$0	N/A	$0	$0	$0	$0
Goodwill	$51.1M+4.1%	$49.1M-6.8%	$52.6M+271.0%	$14.2M+140.6%	$5.9M-23.4%	$7.7M+195.2%	$2.6M-11.2%	$2.9M-10.7%	$3.3M+235.2%	$981K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$11.7B+34.2%	$8.7B+21.8%	$7.1B+65.4%	$4.3B+60.7%	$2.7B+47.1%	$1.8B+462.3%	$324.5M+39.1%	$233.3M+8.5%	$215.0M+178.9%	$77.1M+560.9%	-$16.7M-32461.7%	$52K-99.4%	$8.6M-4.5%	$9.0M-55.1%	$20.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$8.7M+1.8%	$8.6M+16531.6%	$52K-99.4%	$8.6M-4.5%	$9.0M-55.1%	$20.0M
Non-Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$68.3M	$0-100.0%	$60	$0	$0	$0
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B+21.6%	$1.2B+5.2%	$1.2B+49.7%	$777.3M+40.4%	$553.6M+99.6%	$277.3M+114.9%	$129.0M+9.7%	$117.6M-7.4%	$127.0M+189.5%	$43.9M+72.7%	$25.4M+6931.9%	$361K+1972.7%	-$19K-101.2%	$1.6M-92.7%	$21.4M
Retained Earnings	$1.2B+14.2%	$1.1B+8.0%	$998.7M+54.3%	$647.1M+46.4%	$441.9M+111.8%	$208.6M+214.5%	$66.3M+59.9%	$41.5M+17.3%	$35.4M+109.9%	$16.9M+2773.5%	-$631K-354.9%	-$139K+99.8%	-$89.4M-1.8%	-$87.9M-3.6%	-$84.8M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$14.0B+45.0%	$13.2B+32.7%	$12.4B+35.5%	$10.3B+17.4%	$9.7B+14.2%	$9.9B+19.4%	$9.1B+22.6%	$8.8B+23.5%
Cash & Equivalents	$1.4B+137.9%	$966.1M+15.4%	$869.2M+50.4%	$636.0M+11.7%	$567.9M-21.0%	$837.3M+53.6%	$577.9M+2.9%	$569.2M+22.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$53.0M+9.3%	$51.1M+4.1%	$49.5M+2.6%	$46.2M-13.0%	$48.5M-4.2%	$49.1M-6.8%	$48.2M-7.7%	$53.2M+3.1%
Total Liabilities	$12.5B+47.9%	$11.7B+34.2%	$11.0B+39.5%	$9.1B+20.9%	$8.5B+15.4%	$8.7B+21.8%	$7.9B+22.8%	$7.6B+21.4%
Total Equity	$1.5B+24.9%	$1.5B+21.6%	$1.4B+10.7%	$1.2B-3.1%	$1.2B+7.0%	$1.2B+5.2%	$1.3B+21.6%	$1.3B+38.3%
Retained Earnings	$1.3B+13.2%	$1.2B+14.2%	$1.2B+0.4%	$1.2B+0.6%	$1.1B+8.0%	$1.1B+8.0%	$1.2B+35.7%	$1.1B+42.2%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

FRHC Cash Flow Statement

FRHC quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	-$637.2M	$185.2M-89.0%	$1.7B+257.9%	-$1.1B-11.8%	-$951.7M-134.2%	-$406.4M-176.8%	$529.4M+540.7%	$82.6M+41.3%	$58.5M+404.7%	-$19.2M-5098.8%	-$369K+31.5%	-$539K-1439.8%	$40K+102.2%	-$1.8M+68.8%	-$5.8M-137.8%	$15.3M
Depreciation & Amortization	N/A	$26.4M+117.2%	$12.1M+78.3%	$6.8M+66.7%	$4.1M+79.9%	$2.3M+7.2%	$2.1M+183.9%	$746K-5.6%	$790K+239.1%	$233K+6897.0%	$3K+0.8%	$3K	$0-100.0%	$98K-15.2%	$116K+14.2%	$102K
Stock-Based Compensation	N/A	$68.0M+14.2%	$59.6M+162.3%	$22.7M+144.5%	$9.3M+18.2%	$7.9M+6793.9%	$114K-73.0%	$423K-87.9%	$3.5M+115.8%	$1.6M	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$251.6M	$198.8M+145.7%	$80.9M+120.2%	$36.7M-4.7%	$38.5M+585.4%	$5.6M+270.4%	$1.5M-23.9%	$2.0M-60.0%	$5.0M+151.9%	$2.0M	$0-100.0%	$199	N/A	N/A	N/A	N/A
Free Cash Flow	-$888.8M	-$13.5M-100.8%	$1.6B+245.3%	-$1.1B-11.2%	-$990.2M-140.4%	-$412.0M-178.0%	$527.9M+554.7%	$80.6M+50.7%	$53.5M+352.6%	-$21.2M-5635.2%	-$369K+31.5%	-$539K	N/A	N/A	N/A	N/A
Investing Cash Flow	-$819.0M	-$1.0B-15.9%	-$905.5M-41.9%	-$638.2M+56.4%	-$1.5B-900.0%	-$146.3M-2405.8%	$6.3M+132.1%	-$19.8M	N/A	N/A	$0-100.0%	$8.6M	$0	$0	$0-100.0%	$136.3M
Financing Cash Flow	$2.3B	$1.2B+75615.1%	-$1.6M-100.1%	$1.7B-21.5%	$2.1B+244.9%	$618.5M+25.6%	$492.5M+748.1%	$58.1M	N/A	N/A	$320K+77.8%	$180K+7417.1%	-$2K+96.6%	-$73K+99.7%	-$23.1M+78.8%	-$109.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$58.0M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	-$341.6M-171.0%	-$1.5B-215.8%	$717.8M+1086.5%	$535.3M+222.2%	$480.8M-43.7%	$1.3B+332.9%	-$72.8M-235.8%	-$438.0M-0.1%
Depreciation & Amortization	$9.9M+61.6%	$5.7M+1090.9%	$8.3M+79.1%	$6.3M+60.3%	$6.1M+47.2%	-$572K+86.6%	$4.6M+3.7%	$3.9M-2.3%
Stock-Based Compensation	$23.2M+0.8%	N/A	N/A	N/A	$23.1M+117.2%	N/A	N/A	N/A
Capital Expenditures	$79.1M+200.3%	$23.0M-15.8%	$66.1M+231.3%	$83.4M+780.9%	$26.4M+9.0%	$27.3M+5775.5%	$19.9M+18.5%	$9.5M+8.0%
Free Cash Flow	-$420.8M-192.6%	-$1.6B-219.9%	$651.7M+803.0%	$451.9M+201.0%	$454.5M-45.2%	$1.3B+324.7%	-$92.7M-140.8%	-$447.5M-0.3%
Investing Cash Flow	-$275.4M+45.5%	-$108.2M+57.2%	-$256.4M+40.3%	-$179.0M-39.1%	-$505.5M-433.9%	-$252.8M-459.5%	-$429.2M-200.4%	-$128.8M+28.7%
Financing Cash Flow	$1.2B+886.1%	$187.8M+122.5%	$784.1M+69.2%	$96.4M-22.8%	$123.4M-49.7%	-$835.2M-283.5%	$463.3M+123.2%	$124.8M-70.7%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

FRHC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FRHC quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	96.4%-2.1pp	98.4%-0.5pp	98.9%-1.1pp	100.0%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	7.0%+3.2pp	3.8%-19.2pp	23.0%-2.7pp	25.7%-7.3pp	33.0%-10.2pp	43.1%+13.4pp	29.8%+20.2pp	9.6%-25.2pp	34.8%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	10.3%+4.1pp	6.2%-26.3pp	32.6%+6.2pp	26.4%-14.7pp	41.1%-12.9pp	54.0%+34.7pp	19.3%+13.2pp	6.1%-9.1pp	15.1%+16.5pp	-1.3%+0.6pp	-1.9%+3.3pp	-5.2%	N/A	-199.0%+452.3pp	-651.2%
Return on Assets	1.2%+0.4pp	0.8%-3.8pp	4.6%+0.5pp	4.0%-3.0pp	7.0%-0.1pp	7.1%+1.7pp	5.5%+3.4pp	2.0%-3.8pp	5.8%+6.3pp	-0.5%+5.2pp	-5.7%-1.1pp	-4.5%+13.8pp	-18.3%+10.9pp	-29.3%+306.8pp	-336.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.980.0x	1.01-6.8x	7.84+6.8x	1.00-0.2x	1.16-0.9x	2.06
Debt-to-Equity	7.83+0.7x	7.10+1.0x	6.13+0.6x	5.55+0.7x	4.85+4.8x	0.00-2.5x	2.51+0.5x	1.98+0.3x	1.69-0.1x	1.76	N/A	0.14	N/A	5.80+4.9x	0.94
Asset Turnover	0.170.0x	0.200.0x	0.200.0x	0.16-0.1x	0.210.0x	0.170.0x	0.180.0x	0.210.0x	0.17+0.2x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00
FCF Margin	-0.6%-80.5pp	79.8%+146.7pp	-66.8%	-123.9%	-59.7%	152.2%	96.7%+24.7pp	72.0%+110.3pp	-38.3%	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	95.2%-2.2pp	95.1%-0.8pp	96.0%-2.6pp	97.1%-2.0pp	97.4%-1.7pp	95.9%	98.6%	99.1%
Net Margin	4.3%-2.8pp	0.2%+50.8pp	12.1%+0.4pp	7.4%-12.2pp	7.1%-0.4pp	-50.6%-71.3pp	11.8%-11.2pp	19.6%-7.0pp
Return on Equity	2.1%-1.0pp	0.1%+12.4pp	5.5%-0.7pp	3.2%-5.9pp	3.0%+0.1pp	-12.3%-20.8pp	6.2%-3.1pp	9.1%-3.6pp
Return on Assets	0.2%-0.2pp	0.0%+1.5pp	0.6%-0.2pp	0.4%-0.9pp	0.4%0.0pp	-1.5%-2.7pp	0.9%-0.4pp	1.3%-0.3pp
Debt-to-Equity	8.15+1.3x	7.83+0.7x	7.87+1.6x	7.47+1.5x	6.88+0.5x	7.10+1.0x	6.25+0.1x	5.99-0.8x
Asset Turnover	0.050.0x	0.040.0x	0.050.0x	0.050.0x	0.050.0x	0.030.0x	0.070.0x	0.070.0x
FCF Margin	-57.4%-144.2pp	-306.6%	103.7%	85.9%+162.2pp	86.7%	439.1%	-14.0%-4.8pp	-76.3%

Not reported in any period shown, so not listed: Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Freedom Holding Corp. FRHC	FY2026	$2.2B	$153.3M	7.0%	$10.7B	—
VOYA FINANCIAL, INC. VOYA	FY2025	$8.2B	$654.0M	8.0%	$8.6B	34/100
HILLTOP HOLDINGS INC. HTH	FY2025	$1.3B	$166.0M	13.0%	$2.1B	20/100
ORIX Corporation IX	FY2012	$11.8B	$1.0B	8.8%	$39.8B	—
LendingTree, Inc. TREE	FY2025	$1.1B	$151.0M	13.5%	$353.7M	14/100
BRC Group Holdings, Inc. RILY	FY2025	$967.6M	$307.0M	31.7%	$205.4M	4/100

Where Freedom Holding Corp. Ranks

Frequently Asked Questions

What is Freedom Holding Corp.'s annual revenue?

Freedom Holding Corp. (FRHC) reported $2.2B in total revenue for fiscal year 2026. This represents a 9.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Freedom Holding Corp.'s revenue growing?

Freedom Holding Corp. (FRHC) revenue grew by 9.3% year-over-year, from $2.0B to $2.2B in fiscal year 2026.

Is Freedom Holding Corp. profitable?

Yes, Freedom Holding Corp. (FRHC) reported a net income of $153.3M in fiscal year 2026, with a net profit margin of 7.0%.

What is Freedom Holding Corp.'s gross margin?

Freedom Holding Corp. (FRHC) had a gross margin of 96.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Freedom Holding Corp.'s net profit margin?

Freedom Holding Corp. (FRHC) had a net profit margin of 7.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Freedom Holding Corp.'s return on equity (ROE)?

Freedom Holding Corp. (FRHC) has a return on equity of 10.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Freedom Holding Corp.'s free cash flow?

Freedom Holding Corp. (FRHC) recorded an outflow of $13.5M in free cash flow during fiscal year 2026. This represents a -100.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Freedom Holding Corp.'s operating cash flow?

Freedom Holding Corp. (FRHC) generated $185.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Freedom Holding Corp.'s total assets?

Freedom Holding Corp. (FRHC) had $13.2B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Freedom Holding Corp.'s capital expenditures?

Freedom Holding Corp. (FRHC) invested $198.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Freedom Holding Corp. have outstanding?

Freedom Holding Corp. (FRHC) had 61M shares outstanding as of fiscal year 2026.

What is Freedom Holding Corp.'s debt-to-equity ratio?

Freedom Holding Corp. (FRHC) had a debt-to-equity ratio of 7.83 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Freedom Holding Corp.'s return on assets (ROA)?

Freedom Holding Corp. (FRHC) had a return on assets of 1.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Freedom Holding Corp.'s P/E ratio?

Freedom Holding Corp. (FRHC) trades at 72.6x earnings, its market capitalization divided by net income of $147.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $10.7B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Freedom Holding Corp.'s price-to-sales ratio?

Freedom Holding Corp. (FRHC) trades at 4.5x sales, its market capitalization divided by revenue of $2.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $10.7B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Freedom Holding Corp.'s Piotroski F-Score?

Freedom Holding Corp. (FRHC) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Freedom Holding Corp.'s earnings high quality?

Freedom Holding Corp. (FRHC) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.