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Companies $FRHC
$183.67 +$8.12 (4.63%) Close
Freedom Holding Corp logo

Freedom Holding Corp

freedomholdingcorp.com

What Do They Do?

Provides brokerage and investment banking services, banking and insurance products, and payment and lifestyle services to individuals, businesses and financial institutions.

How Do They Make Money?

Brokerage customers pay commissions when they trade, and the company earns interest on margin loans. It also earns commissions on bank transfers, foreign-exchange operations and other banking services, plus insurance revenue and fees for payment processing, agency transactions and investment banking.

revenue
SegmentShareRevenue
Brokerage
Usage-based

38%
FY2023: 48%
Bank
Usage-based

31%
FY2023: 31%
Insurance
23%
FY2023: 22%
Other
7.9%
FY2023: −0.6%

Who Are Their Customers?

Individuals, businesses and financial institutions use brokerage services through online tools and retail locations. The company also serves individuals and businesses through banking and insurance products, with insurance available online and through a call center.

Do Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2026, but spent more cash than it brought in: free cash flow was −$13.5M.

Net income, FY2026
7% of revenue
▲ +101% vs FY2025 ($76.3M, 4%)
Free cash flow, FY2026
−1% of revenue
▼ Now a loss vs FY2025 ($1.6B, 80%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Jun 30, 2026
Revenue
▲ +40%
vs $524M in Q1 FY2026
Net income
▼ −15%
vs $37.4M in Q1 FY2026
Brokerage share of revenue vs 33.6% in Q1 FY2026
  • Jun 29, 2026 Valeriy Kim was appointed chief financial officer Evgeny Ler resigned and is expected to advise the CEO on financing and mergers and acquisitions.

Growing. Revenue grew 3.2x in 4 years, from $689.8M in FY2022 to $2.2B in FY2026, about 34% a year.

Telecommunications and media The latest report includes telecommunications and media businesses alongside brokerage, banking, insurance and lifestyle services; the older report described brokerage, banking, insurance and ancillary businesses.

Revenue over time
Brokerage Bank Insurance Other
$2.5B$1.3B$0

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