Freedom Holding Corp. logo FRHC - Freedom Holding Corp.

Price: -- -- | PRICE TARGET: $138.00 DETAILS
HIGH: $138.00
LOW: $138.00
MEDIAN: $138.00
CONSENSUS: $138.00
DOWNSIDE: 4.27%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 2,033.5 1,656.7 795.7 689.8 346.9 83.4 74.3 57.8 19.4 0 0 0 0 0 0 57.3 69.6 60.2 15.8 6.0 1.0 0.3 0.1 0.8 0.3 0.7 1.5 3.1 5.7
Cost of Revenue 963.6 492.5 224.8 186.6 146.4 19.4 6.2 2.3 0.3 0.0 0 0 0 0.1 0.1 8.6 7.5 5.5 2.3 0.9 0.4 0 0 0 0 0 0 0 0
Gross Profit 1,069.8 1,164.2 570.9 503.1 200.5 64.0 68.0 55.5 19.0 (0.0) 0 0 0 0 0 48.7 62.1 54.7 13.5 5.1 0.6 0.3 0.1 0.8 0.3 0.7 1.5 3.1 5.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 375.6 216.2 100.3 56.0 22.6 0 0 0 0.6 0.5 0.1 1.5 3.0 20.3 10.0 14.5 31.4 14.7 10.8 9.7 4.1 0 0 0 0 0 1.5 3.7 5.2
Other Expenses 62.4 21.2 29.1 2.5 0 25.7 44.6 22.1 19.0 0.0 0.0 0.1 0.0 0.1 0.1 0 19.1 9.9 2.4 1.3 0.3 0.8 1.8 0.2 1.0 3.0 0.1 0.3 0.3
Operating Expenses 438.1 237.4 129.4 58.5 22.6 25.7 44.6 22.1 19.6 0.5 0.1 1.6 3.1 20.4 10.1 36.2 50.5 24.7 13.1 11.0 4.4 0.8 1.8 0.2 1.0 3.0 1.6 4.0 5.5
Operating Income
Operating Income 631.8 926.8 441.4 444.7 177.9 38.3 23.4 33.3 (0.6) (0.5) (0.1) (1.6) (3.1) (24.0) (16.1) 7.9 11.6 30.0 0.4 (5.9) (3.8) (0.4) (1.7) 0.6 (0.7) (2.3) (0.1) (0.9) 0.2
Interest Expense 535.9 501.1 208.9 76.9 22.4 10.2 14.6 14.7 3.8 0.0 0.0 0.0 0.0 3.6 6.0 4.6 1.1 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 11.4 0.3 0.4 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 666.0 951.1 450.0 444.1 176.9 40.4 25.2 34.8 9.8 (0.5) (0.1) (1.5) (3.0) (20.3) (10,433.5) 24.5 28.0 39.7 2.6 (4.6) (3.5) (0.4) (1.7) 0.6 (0.7) (2.3) 0.1 (0.6) 0.5
EBIT 648.8 936.5 444.9 440.6 174.2 39.3 23.2 33.4 9.6 (0.5) (0.1) (1.6) (3.1) (20.4) (10.5) 0 17.3 30.0 0.4 (5.9) (3.8) (0.4) (1.7) 0.6 (0.7) (2.3) (0.1) (0.8) 0.3
Income Before Tax 112.9 435.4 235.9 363.7 151.8 29.1 8.5 18.6 5.8 (0.5) (0.1) (1.6) (3.1) (24.0) (16.5) 7.4 16.1 31.2 1.9 (5.3) (3.3) (0.4) (1.7) 0.6 (0.7) (2.3) (0.4) (0.9) 0.2
Income Tax Expense 28.4 60.4 42.8 38.6 23.3 4.9 1.4 0.4 (0.5) (0.0) (0.1) 0 0.0 0 (1.4) (1.6) (1.0) (0.4) 0.9 0.0 0.0 0.2 0.0 0.2 1.2 1.1 0 (0.1) 0.1
Net Income 84.7 375.5 205.1 227.5 149.7 24.8 7.1 18.2 6.3 (0.5) (0.0) (1.6) (3.1) (139.2) 4.9 9.0 17.2 31.6 1.0 (5.3) (3.3) (0.6) (1.7) 0.4 (2.3) (3.6) (0.4) (0.0) (0.2)
Per Share Data
EPS (Basic) 1.43 6.37 3.50 3.84 2.56 0.43 0.12 0.55 0.56 -0.05 -0.01 -0.03 -0.06 -62.37 2.29 4.50 9.25 17.75 0.50 -3.75 -3.05 -0.98 -104.43 49.25 -503.99 -3019.67 -335.94 -13.16 -198.16
EPS (Diluted) 1.40 6.33 3.45 3.84 2.56 0.43 0.12 0.54 0.56 -0.05 -0.01 -0.03 -0.06 -62.37 2.29 4.50 9.25 17.50 0.50 -3.75 -3.05 -0.98 -104.43 49.25 -503.99 -3019.67 -334.75 -13.12 -197.45
Shares Outstanding 59.4 59.0 58.6 59.4 58.4 58.2 58.0 33.2 11.2 9.8 2.2 55.8 55.8 2.2 2.1 2.0 1.9 1.8 2.1 1.4 1.1 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 837.3 545.1 581.4 225.5 168.0 63.2 50.0 64.5 22.6 0.1 6.8 17.2 0 0.1 2.5 0 0.1 0.3 2.9 0.3
Short-Term Investments 2,748.9 3,905.2 2,651.6 1,319.7 587.5 163.0 168.0 212.3 81.6 0 0 0 0 0 0 0 0 19.9 35.2 29.5
Net Receivables 4,966.4 3,072.8 1,223.8 250.0 60.8 125.3 77.0 21.1 0.6 0 3.1 5.9 0 0 0 0 0 1.8 2.2 6.2
Inventory 6.4 2.3 0 0 0 0 0 (335.0) 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 863.9 494.1 465.5 1,383.9 1,238.7 66.6 38.5 22.0 12.7 8.6 0 0.6 0 0 0 0 0 0 0 0.2
Total Current Assets 9,501.9 8,075.4 4,958.6 3,188.3 2,061.7 425.3 336.0 323.5 117.9 8.7 12.9 26.5 0 0.1 2.5 0 0.1 22.0 40.3 36.3
Non-Current Assets
Property, Plant & Equipment 230.9 119.3 84.4 25.3 20.2 20.9 5.6 1.8 1.0 0.0 269.8 193.4 0 0 0 0 0 1.2 1.4 1.6
Goodwill 49.1 52.6 14.2 5.9 7.1 2.6 2.9 1.8 1.0 0 0 0 0 0 0 0 0 0 2.5 0.4
Intangible Assets 54.2 47.7 17.6 5.2 3.9 3.4 4.2 0.6 0.1 0 0 0 0.0 0 0 0 0 0 0 0
Long-Term Investments 69.7 0.4 4 0 0 0 0 1.1 0 0 0 0 0 0 0 0 0 5.6 3.5 0
Other Non-Current Assets 8.2 6.5 5.7 4.9 7.4 0.7 0.9 0.3 0.4 0 5.6 34.9 18.5 0.1 3.2 3.1 9.7 0.7 0.1 0.5
Total Non-Current Assets 412.1 226.5 125.9 42.1 38.6 28.2 14.9 6.6 3.5 0.0 275.5 228.3 18.5 0.1 3.2 3.1 9.7 7.5 8.4 2.5
Total Assets 9,914.0 8,301.9 5,084.6 3,230.3 2,100.3 453.5 350.9 330.1 121.4 8.7 288.3 254.8 18.5 0.1 3.2 3.1 9.7 29.4 48.7 38.8
Current Liabilities
Account Payables 1,343.8 886.2 130.9 50.6 23.5 8.5 32.8 8.9 0.5 0.1 21.8 21.4 0 0 0 0 0 0 0 0
Short-Term Debt 1,418.4 2,756.6 1,517.4 840.2 374.7 48.2 73.6 161.8 56.3 0 0 0 0 0 0 0 0 0 1.7 0
Deferred Revenue 4,392.2 2,333.9 1,968.3 783.6 671.8 168.4 82.0 21.9 7.6 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 812.5 676.6 0 0 21.8 0 0 1.7 0.9 0 0 0 0 0 0.8 0 0
Total Current Liabilities 7,215.3 6,033.7 3,638.0 2,505.0 1,761.5 227.8 190.7 193.0 64.8 0.1 24.1 23.2 0 0 0 0 0 20.9 40.5 34.6
Non-Current Liabilities
Long-Term Debt 494.4 276.7 60.0 37.9 34.7 72.3 32.5 11.2 3.5 0 65.6 60.5 0 0 0 0.3 0.6 0.6 1.5 0
Deferred Tax Liabilities 0.1 0.1 0.7 0 4.0 0 0 0.4 0 0 6.5 7.5 0 0 0 0 0 0 0 0.1
Other Non-Current Liabilities 949.3 728.6 541.7 115.3 19.7 (158.5) (72.0) 212.0 9.3 0 0 3.7 6.9 0.0 0.0 0.1 3.8 0 0.1 0.5
Total Non-Current Liabilities 1,484.3 1,101.3 675.8 178.7 63.2 96.7 42.6 21.9 12.7 8.5 72.1 71.8 6.9 0.0 0.0 0.4 4.5 0.6 1.6 0.6
Total Liabilities 8,699.7 7,135.0 4,313.8 2,683.7 1,824.7 324.5 233.3 215.0 77.5 8.6 96.2 95.0 6.9 0.0 0.0 0.4 4.5 21.5 42.1 35.2
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 1,085.6 998.7 647.1 441.9 208.6 66.3 41.5 35.4 16.2 (0.6) 40.6 23.4 (0.6) (12.3) (7.5) (7.9) (5.6) (2.0) (1.6) (1.6)
Accumulated Other Comprehensive Income (118.0) (18.9) (34) (63.1) (36.0) (38.0) (23.1) (7.4) (6.9) 0 0 0 0 0 0 0 0.0 (0.0) (0.0) (0.0)
Total Stockholders' Equity 1,214.2 1,163.7 777.3 553.6 277.3 131.3 117.6 115.1 43.9 0.1 192.1 159.8 11.5 0.1 3.2 2.8 5.2 7.9 6.7 3.6
Total Liabilities & Equity 9,914.0 8,301.9 5,084.6 3,230.3 2,100.3 453.5 350.9 330.1 121.4 8.7 288.3 254.8 18.5 0.1 3.2 3.1 9.7 29.4 48.7 38.8
Debt Metrics
Total Debt 1,953.4 3,069.1 1,607.8 885.7 414.3 134.9 106.2 172.8 59.8 0 65.6 60.5 0 0 0 0.3 0.6 0.6 3.2 0
Net Debt 1,116.1 2,524.0 1,026.3 660.2 246.2 71.7 56.2 108.2 37.1 (0.1) 58.8 43.3 0 (0.1) (2.5) 0.3 0.5 0.3 0.3 (0.3)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 84.5 375.5 193.2 325.1 128.5 24.2 7.1 19.2 6.3 (0.5) (3.1) (0.6) (1.7) 0.4 (2.3) (3.6) (0.4) (0.0) (0.2)
Depreciation & Amortization 17.2 14.6 5.1 3.4 2.7 1.1 2.0 0.2 0.2 0.0 0.1 0 0 0 0 0 0.2 0.2 0.2
Stock-Based Compensation 59.6 22.7 9.3 7.9 0.6 1.5 3.5 1.6 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (5.5) (448.5) (1,063.3) (714.9) 13.6 9.8 39.2 (24.2) 6.8 (0.0) 1.3 (0.1) 0.0 0.0 (0.3) (0.1) (2.4) 2.8 (1.1)
Other Non-Cash Items 1,545.0 (1,029.6) (95.2) (23.2) 382.4 45.9 7.2 (16.4) (7.4) 0 0.3 (2.8) 1.6 (0.5) 2.5 3.8 0.1 (0.6) 0.1
Operating Cash Flow 1,681.1 (1,064.4) (951.7) (406.4) 529.4 82.6 58.5 (19.2) 4.8 (0.5) (1.4) (3.5) (0.0) (0.2) (0.1) 0.2 (2.5) 2.4 (0.9)
Investing Activities
Capital Expenditure (95.3) (43.8) (38.5) (5.6) (1.5) (2.0) (5.0) (2.0) (0.1) (0.0) (17.9) (6.3) 0 0 0 (0.0) (0.0) (0.0) (0.0)
Acquisitions (23.7) (53.8) (26.8) 0 (62.7) 0 (2.2) 0.4 (2.8) 8.6 0 (0.3) 0 0 0 0 0 0 0
Purchases of Investments (525.2) (229.9) (330.1) (248.7) (273.8) 0 0 97.8 0 0 0 0 0 0 0 0 (0.7) 0 (0.1)
Sales/Maturities of Investments 174.4 260.3 260.6 198.8 190.3 0 0.2 (97.8) 0.1 0 0 0 0 2.7 0 0 15.9 0 0
Other Investing Activities (435.7) (571.1) (1,328.4) (90.8) 154.0 (17.8) 0.3 0.7 0.0 0 (0.1) 0 0.2 0.2 0 0 (16.1) (1.8) 0
Investing Cash Flow (905.5) (638.2) (1,463.2) (146.3) 6.3 (19.8) (6.7) (0.9) (2.7) 8.6 (18.0) (6.5) 0.2 2.9 0 (0.0) (0.9) (1.8) (0.1)
Financing Activities
Net Debt Issuance 230.8 269.0 438.6 579.2 295.2 13.3 17.1 15.8 3.1 0 0 2 0 (0.3) 0.1 0 0.7 1.5 (0.1)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 (2.5) 0 0 0 0 0 0
Other Financing Activities (232.4) 1,405.6 1,694.1 39.2 197.2 44.3 (59.4) 8.5 8.7 0.2 0 0 0 0 0 0 0 0 0
Financing Cash Flow (1.6) 1,674.6 2,133.4 618.5 492.5 58.1 (42.3) 64.8 11.8 0.2 27.3 12.1 (2.5) (0.3) 0.1 0 0.8 1.8 0.6
Cash Position
Net Change in Cash 637.0 (19.2) (203.4) 11.4 1,022.1 95.8 0.7 42.8 16.0 8.2 7.9 12.1 (2.4) 2.5 (0.1) 0.2 (2.6) 2.5 (0.3)
Cash at Beginning 1,007.7 1,026.9 1,230.3 1,218.9 196.7 91.4 87.7 35.4 19.4 0.4 2.1 (10.0) 2.5 0.0 0.1 0.3 2.9 0.3 0.7
Cash at End 1,644.8 1,007.7 1,026.9 1,230.3 1,218.9 187.2 88.4 78.2 35.4 8.6 10.0 2.1 0.1 2.5 0.0 0.4 0.3 2.9 0.3
Free Cash Flow 1,585.7 (1,108.1) (990.2) (412.0) 527.9 80.6 53.5 (21.2) 4.7 (0.5) (19.4) (9.7) (0.0) (0.2) (0.1) 0.2 (2.5) 2.4 (0.9)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 2,033.5 1,656.7 795.7 689.8 346.9 83.4 74.3 57.8 19.4 0 0 0 0 0 0 57.3 69.6 60.2 15.8 6.0 1.0 0.3 0.1 0.8 0.3 0.7 1.5 3.1 5.7
Gross Profit 1,069.8 1,164.2 570.9 503.1 200.5 64.0 68.0 55.5 19.0 (0.0) 0 0 0 0 0 48.7 62.1 54.7 13.5 5.1 0.6 0.3 0.1 0.8 0.3 0.7 1.5 3.1 5.7
Operating Income 631.8 926.8 441.4 444.7 177.9 38.3 23.4 33.3 (0.6) (0.5) (0.1) (1.6) (3.1) (24.0) (16.1) 7.9 11.6 30.0 0.4 (5.9) (3.8) (0.4) (1.7) 0.6 (0.7) (2.3) (0.1) (0.9) 0.2
Net Income 84.7 375.5 205.1 227.5 149.7 24.8 7.1 18.2 6.3 (0.5) (0.0) (1.6) (3.1) (139.2) 4.9 9.0 17.2 31.6 1.0 (5.3) (3.3) (0.6) (1.7) 0.4 (2.3) (3.6) (0.4) (0.0) (0.2)
EPS (Diluted) 1.40 6.33 3.45 3.84 2.56 0.43 0.12 0.54 0.56 -0.05 -0.01 -0.03 -0.06 -62.37 2.29 4.50 9.25 17.50 0.50 -3.75 -3.05 -0.98 -104.43 49.25 -503.99 -3019.67 -334.75 -13.12 -197.45
Balance Sheet
Cash & Equivalents 837.3 545.1 581.4 225.5 168.0 63.2 50.0 64.5 22.6 0.1 6.8 17.2 0 0.1 2.5 0 0.1 0.3 2.9 0.3
Total Assets 9,914.0 8,301.9 5,084.6 3,230.3 2,100.3 453.5 350.9 330.1 121.4 8.7 288.3 254.8 18.5 0.1 3.2 3.1 9.7 29.4 48.7 38.8
Total Debt 1,953.4 3,069.1 1,607.8 885.7 414.3 134.9 106.2 172.8 59.8 0 65.6 60.5 0 0 0 0.3 0.6 0.6 3.2 0
Stockholders' Equity 1,214.2 1,163.7 777.3 553.6 277.3 131.3 117.6 115.1 43.9 0.1 192.1 159.8 11.5 0.1 3.2 2.8 5.2 7.9 6.7 3.6
Cash Flow
Operating Cash Flow 1,681.1 (1,064.4) (951.7) (406.4) 529.4 82.6 58.5 (19.2) 4.8 (0.5) (1.4) (3.5) (0.0) (0.2) (0.1) 0.2 (2.5) 2.4 (0.9)
Capital Expenditure (95.3) (43.8) (38.5) (5.6) (1.5) (2.0) (5.0) (2.0) (0.1) (0.0) (17.9) (6.3) 0 0 0 (0.0) (0.0) (0.0) (0.0)
Free Cash Flow 1,585.7 (1,108.1) (990.2) (412.0) 527.9 80.6 53.5 (21.2) 4.7 (0.5) (19.4) (9.7) (0.0) (0.2) (0.1) 0.2 (2.5) 2.4 (0.9)