Freedom Holding Corp. (FRHC) Financial Statements
Industry: Security Brokers, Dealers & Flotation Companies
In fiscal 2026, Freedom reported revenue of $2.19B, up 6.9% from $2.05B the year before. Net income was $153.3M (a 7.0% net margin), or $2.51 per diluted share. Gross margin was 96.4% and operating margin was 86.2%. Operating activities generated $185.2M of cash, leaving -$13.5M of free cash flow. At fiscal year end, Freedom held $13.16B in total assets against $11.67B in total liabilities, including $966.1M of cash and equivalents.
Open the full interactive Freedom financials → Quarterly statements, key ratios, valuation history and price charts.
Freedom Key Stats
| Share Price | $172.15 |
|---|---|
| Market Cap | $10.55B |
| P/E Ratio | 68.6 |
| Revenue YoY Growth | +6.9% |
| 52-Week Range | $112.03 – $176.37 |
| Shares Outstanding | 60.4 million (basic, 2027 Q1) |
Freedom Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $352.6M | $564.7M | $795.7M | $1.64B | $2.05B | $2.19B |
| Cost of Goods Sold | $179.5M | $327.8M | $559.8M | $1.20B | $31.3M | $79.6M |
| Gross Profit | $173.0M | $236.9M | $235.9M | $435.4M | $2.02B | $2.11B |
| Operating Income | $95.6M | $236.9M | $176.0M | $314.5M | $1.86B | $1.89B |
| Pre-Tax Income | $173.0M | $236.9M | $235.9M | $435.4M | $112.9M | $226.0M |
| Income Tax | -$30.1M | $25.5M | $42.8M | $60.4M | $28.4M | $72.6M |
| Net Income | $142.9M | $217.9M | $205.1M | $375.5M | $84.7M | $153.3M |
| Diluted EPS | $2.45 | $3.56 | $3.45 | $6.33 | $1.40 | $2.51 |
Freedom Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $526.1M | $628.6M | $503.1M | $732.5M |
| Net Income | $38.7M | $76.2M | $8.0M | $31.7M |
| Diluted EPS | $0.63 | $1.25 | $0.13 | $0.52 |
Freedom Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $698.8M | $625.5M | $581.4M | $545.1M | $837.3M | $966.1M |
| Total Assets | $2.02B | $2.92B | $5.08B | $8.30B | $9.91B | $13.16B |
| Total Long-Term Debt | $69.0M | $99.0M | $60.0M | $276.7M | $494.4M | $1.36B |
| Total Liabilities | $1.74B | $2.41B | $4.31B | $7.13B | $8.70B | $11.67B |
| Shareholders' Equity | $275.7M | $514.7M | $777.3M | $1.16B | $1.21B | $1.49B |
Freedom Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $565.3M | -$348.0M | -$951.7M | -$1.06B | $1.68B | $185.2M |
| Cash From Investing | $97.0M | -$8.7M | -$1.46B | -$638.2M | -$905.5M | -$1.05B |
| Cash From Financing | $348.4M | $453.7M | $2.13B | $1.67B | -$1.6M | $1.19B |
| Free Cash Flow | $561.1M | -$357.0M | -$990.2M | -$1.11B | $1.59B | -$13.5M |
Figures from Freedom's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Freedom financials page for every line item.
Freedom Company Profile
| Ticker | FRHC |
|---|---|
| Exchange | Nasdaq |
| Industry | Security Brokers, Dealers & Flotation Companies |
| Headquarters | New York, Ny, New York |
| Incorporated in | Nevada |
| Fiscal Year End | March 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000924805 |
Frequently Asked Questions
What was Freedom's revenue in fiscal 2026?
Freedom (FRHC) reported revenue of $2.19B for fiscal 2026.
What is Freedom's annual revenue history?
Freedom's annual revenue by fiscal year: 2021: $352.6M; 2022: $564.7M; 2023: $795.7M; 2024: $1.64B; 2025: $2.05B; 2026: $2.19B.
What was Freedom's net income in fiscal 2026?
Freedom reported net income of $153.3M for fiscal 2026.
What was Freedom's earnings per share (EPS) in fiscal 2026?
Freedom's diluted EPS was $2.51 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Freedom generate in fiscal 2026?
Freedom generated -$13.5M of free cash flow in fiscal 2026.
What was Freedom's revenue last quarter?
In its most recent reported quarter (2027 Q1), Freedom reported revenue of $732.5M.
How much debt does Freedom have?
Freedom reported $1.36B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Freedom are outstanding?
Freedom reported a weighted average of 60.4 million basic shares outstanding in 2027 Q1.
What is Freedom's market cap?
Based on its latest closing price, Freedom (FRHC) has a market capitalization of about $10.55B.
When does Freedom's fiscal year end?
Freedom's fiscal year end, as registered with the SEC, is March 31.
Where is Freedom headquartered?
Freedom lists its business address in New York, Ny, New York in its SEC filings.
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