balance equationinconsistent2021-03-31
Withheld: liabilities could not be reconciled with the rest of this filer’s statement.
Revenue
$2.19B
Fiscal year ended 2026-03-31Net income
$153.33M
Fiscal year ended 2026-03-31Total assets
$13.16B
Fiscal year ended 2026-03-31Freedom Holding Corp. (FRHC) reported revenue of $2.19B and net income of $153.33M for the fiscal year ended 2026-03-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Freedom Holding Corp.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Security Brokers, Dealers & Flotation Companies.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.00B | $1.65B | $799.14M | $689.79M | $346.88M | $83.39M | $74.28M | $55.22M | $0 |
| Cost of revenue | $79.63M | $31.28M | $17.54M | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | $2.11B | $1.97B | $1.63B | $799.14M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -$581.97K |
| Net income | $153.33M | $76.29M | $379.11M | $205.14M | $227.49M | $149.65M | $24.84M | $7.15M | $19.23M | -$578.14K |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 61.12M | shares 60.49M | shares 59.36M | shares 59.50M | Unavailable | Unavailable | shares 58.25M | shares 58.24M | shares 33.39M | Unavailable |
| Pretax income | $225.96M | $104.58M | $438.94M | $235.94M | $363.69M | $151.80M | $29.09M | -$8.35M | Unavailable | -$578.04K |
| Income tax expense | $72.64M | $28.42M | $60.42M | $42.78M | $38.57M | $23.31M | $4.93M | $1.37M | $479.00K | $100 |
| Diluted EPS | $2.51 | $1.26 | $6.39 | $3.45 | $3.84 | $2.56 | $0.43 | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $222.34M | $162.47M | $120.89M | $59.97M | $23.53M | $11.12M | Unavailable | Unavailable | Unavailable | $214.31K |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $966.12M | $837.30M | $545.08M | $581.42M | $225.46M | $168.80M | $11.24M | $88.42M | $65.73M | $34.45M |
| Total assets | $13.16B | $9.92B | $8.30B | $5.08B | $3.23B | $2.10B | $453.52M | $350.91M | $330.09M | $120.31M |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $8.58M |
| Total liabilities | $11.67B | $8.69B | $7.13B | $4.31B | $2.68B | Unavailable | $324.49M | $233.31M | $214.99M | $77.08M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $8.74M |
| Total equity incl. NCI | $1.49B | $1.22B | $1.18B | $783.74M | $546.61M | $307.67M | $149.37M | $117.60M | $127.03M | $43.89M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $51.10M | $49.09M | $52.65M | $14.19M | $5.90M | $7.70M | $2.61M | $2.94M | $3.29M | $981.00K |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $25.38M | $32.70M | $9.00M | $205.68K |
Cash flow
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $185.22M | $1.68B | -$1.06B | -$951.68M | -$406.36M | $529.40M | $82.62M | Unavailable | Unavailable | -$369.14K |
| Capital expenditures | $198.77M | $80.90M | $36.74M | $38.54M | $5.62M | $1.52M | $2.00M | $4.99M | $1.98M | $0 |
| Investing cash flow | -$1.05B | -$905.47M | -$638.22M | -$1.46B | -$146.32M | $6.35M | -$19.76M | Unavailable | Unavailable | $0 |
| Financing cash flow | $1.19B | -$1.58M | $1.67B | $2.13B | $618.53M | $492.52M | $58.08M | Unavailable | Unavailable | $320.00K |
| Net change in cash | $567.66M | $637.05M | -$19.22M | -$203.36M | $11.42M | $1.02B | $95.79M | $727.00K | $42.84M | -$49.14K |
| Stock-based compensation | $68.05M | $59.59M | $22.72M | $9.29M | $7.86M | $114.00K | $423.00K | $3.50M | $1.62M | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $26.37M | $12.14M | $6.81M | $4.08M | $2.27M | $2.12M | $746.00K | $790.00K | $233.00K | $3.33K |
Derived
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$13.54M | $1.60B | -$1.10B | Unavailable | Unavailable | $527.88M | $80.63M | Unavailable | Unavailable | -$369.14K |
| Gross margin | 96.4% | 98.4% | 98.9% | 100.0% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | -0.6% | 79.8% | -66.8% | Unavailable | Unavailable | 152.2% | 96.7% | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 3.1% | 3.0% | 1.4% | 1.2% | 1.1% | 0.0% | 0.5% | 4.7% | 2.9% | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.98x |
| Revenue YoY growth | 9.3% | 21.7% | 106.1% | 15.9% | 98.9% | 316.0% | 12.3% | 34.5% | Unavailable | Unavailable |
| Net margin | 7.0% | 3.8% | 23.0% | 25.7% | 33.0% | 43.1% | 29.8% | 9.6% | 34.8% | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 9.1% | 4.0% | 2.2% | Unavailable | Unavailable | 0.4% | 2.4% | 6.7% | 3.6% | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 32.1% | 27.2% | 13.8% | 18.1% | 10.6% | 15.4% | 17.0% | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FRHC in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-10View SEC filing
10-K · Filed 2026-06-01View SEC filing
10-Q · Filed 2026-02-09View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-K · Filed 2025-06-13View SEC filing
Reconciliation checks needing review
8 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2024-03-31
Difference 11762000 exceeds tolerance 8301930.000. Presentation or filing-vintage differences need review.
cash flow reconciliationreview2023-03-31
Operating, investing and financing flows differ from the reported change in cash by 34502000, beyond tolerance 21333810.00.
balance equationreview2023-03-31
Difference 13006000 exceeds tolerance 5084558.000. Presentation or filing-vintage differences need review.
cash flow reconciliationreview2022-03-31
Operating, investing and financing flows differ from the reported change in cash by 40288000, beyond tolerance 6185280.00.
cash flow reconciliationreview2021-03-31
Operating, investing and financing flows differ from the reported change in cash by 5652000, beyond tolerance 5293970.00.
balance equationreview2020-03-31
Difference 20332000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2018-03-31
Difference 11932000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.