Freedom Holding Corp. (FRHC) Stock: Price, Forecast & Analyst Target
Freedom Holding Corp. (FRHC) — MoonshotScore 35/100 (Weak band), calculated Oct 6, 2026. Price $173.49 (+0.28%), as of the Oct 5, 2026 trading session; market cap $10.6B. Expected results Nov 6, 2026.
Listing-status flag — 8-K Item 3.01, filed Aug 14, 2023.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 1.92× (market value Oct 5, 2026; cash Jun 30, 2026) · expected results Nov 6, 2026
Freedom Holding Corp. · FRHC · NASDAQ · Financial Services · Financial - Conglomerates
Research dated 2026-09-13: Freedom Holding Corp. is a financial-services group spanning brokerage, banking, insurance, capital markets and proprietary investing, with Tradernet supporting parts of its securities operation. The case rests on whether rising activity across that network can produce durable earnings and cash generation rather than merely a larger, more balance-sheet-intensive institution.
Price as of Oct 5, 2026
Key Statistics
MoonshotScore v2 · Freedom Holding (FRHC)
WeakWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
High quality, but a fragile balance sheet — yet price is running hot, well ahead of those stalled fundamentals; treat the move with suspicion, not chase. Business Quality: Solid; Financial Safety: Strained; Valuation: Bubble; Growth Durability: Growing; Momentum: Surging.
Price relative to book value is the main valuation drag relative to sector peers.
- quarterly revenue $733M (Q1 FY2027, quarter ended Jun 2026)
- EPS beat 3 of 8
- Altman Z 0.80 · Piotroski F 3
Holding back: balance-sheet strain, a rich price
Helping: business quality, durable growth, positive momentum
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 35 | Weak | |
| 35 | Weak | |
| 35 | Weak | |
| 34 | Weak | |
| 34 | Weak | |
| 35 | Weak |
The score was 35 in the stored Oct 5, 2026 snapshot and remains 35 in the current publication computed Oct 6, 2026 (0); the largest pillar moves were Financial Safety -1 and Growth Durability -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged. This current publication is not yet represented in the immutable snapshot archive.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $173.49 | |
| Change on the day | +0.28% | |
| 52-week range | $107.97–$178.00 | |
| Market capitalisation | $10.6B | |
| Price / earnings (trailing) | 67.51 | |
| Shares traded on the day | 157.1K | |
| Beta (volatility vs the S&P 500) | 0.69 |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · below the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings results · below the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
The provider's estimated date can change.
What to watch nextCouncil Score · weighted blend of 2 available disciplines
Council score for Freedom Holding (FRHC): Split View
49/100 · CSome lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.
5-Factor Breakdown
Legends Council
6 lenses, 6 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Oct 6, 2026
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
Five of these lenses read this company more favourably than the MoonshotScore does: Dalio-style lens, Griffin-style lens, Simons-style lens, Englander-style lens and Klarman-style lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.
On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 6, 2026, except a card that shows its own read date.
Watch the FRHC film — every key number, told as a short cinematic story
~2 min · open the film
What is Freedom Holding (FRHC), and what does it report?
Short answer · as of
Freedom sells access to securities markets, margin lending, banking products, insurance and corporate financing, while also trading and investing for its own account.
Research dated 2026-09-13.
Freedom sells access to securities markets, margin lending, banking products, insurance and corporate financing, while also trading and investing for its own account. Tradernet helps assess client margin risk and manage middle-office securities transfers, making the operating model broader than a collection of financial subsidiaries.
Reported revenue therefore is not a pure measure of brokerage commissions. Brokerage is the largest disclosed segment, but banking is close behind, insurance is material, and other activities complete the mix; movements in lending, underwriting, trading and insurance can all change the consolidated result.
What do the latest results show for Freedom Holding (FRHC)?
Short answer · as of
The most recent reported quarter, Q1 FY2027, carried revenue of $733M.
Research dated 2026-09-13.
The latest quarter brought a sharp revenue rebound from the preceding period, while gross profit moved only modestly higher. Operating profit strengthened, and net income recovered from the prior period's depressed level, yet earnings per share still fell short of the available estimate.
The longer view is less linear: annual revenue has continued to expand, but net income remains well below its earlier high despite recovering from the prior year. Recent quarterly results have swung between a loss and profitability, so top-line scale has not translated into stable shareholder earnings.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $720.88M Jun 30, 2026
- Latest quarter · SG&A
- $145.23M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $206.75M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $720.88M | Not available | $145.23M | $206.75M |
| Mar 31, 2026 | $466.70M | Not available | $0.00 | $149.22M |
| Dec 31, 2025 | $615.57M | Not available | $139.36M | $199.99M |
| Sep 30, 2025 | $530.89M | Not available | $99.05M | $159.71M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $720.88M Aug 10, 2026
- Latest report · revenue estimate
- $124.14M Aug 10, 2026
- Latest report · revenue vs estimate
- Above estimate Aug 10, 2026
- Latest report · EPS vs estimate
- Below estimate Aug 10, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 10, 2026 | $720.88M | $124.14M | $0.5200 | $0.8700 |
| Jun 1, 2026 | $466.70M | $124.14M | $0.1300 | $0.8700 |
| Feb 9, 2026 | $615.57M | $185.21M | $1.2500 | $1.1000 |
| Nov 7, 2025 | $655.19M | $168.76M | $0.6300 | $1.1500 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q1 FY2027 | $733M | $32M | $0.52 (diluted) |
| Q4 FY2026 | $467M | $8M | $0.13 (diluted) |
| Q3 FY2026 | $616M | $76M | $1.25 (diluted) |
| Q2 FY2026 | $531M | $39M | $0.63 (diluted) |
What are the financial strengths and risks for Freedom Holding (FRHC)?
Short answer
Cash and short-term investments were $5.53B at the Jun 30, 2026 balance-sheet date. Operating cash flow was −$341.62M for the quarter ended Jun 30, 2026, meaning operations used cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
Cash and short-term investments exceed total debt, leaving the group in a net-cash position on that comparison. The cash balance has also climbed across the latest sequence of reporting dates, providing a substantial liquidity buffer.
That headline buffer should not be read like excess cash at an asset-light company. Freedom carries a large liability base, operates lending and trading businesses, and has posted negative operating cash flow in the latest consecutive periods after strong positive inflows before them. The immediate financial risk is that balance-sheet growth continues while profit conversion and cash generation remain volatile.
Data-derived red flags
- Financial-distress signal — its Altman Z-Score of 0.80 sits in the distress zone (elevated bankruptcy risk).
- Inconsistent delivery — missed Wall Street EPS estimates in 5 of the last 8 reported quarters.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- −$341.62M Jun 30, 2026
- Previous quarter · operating cash flow
- −$1.48B Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | −$341.62M | −$79.14M |
| Mar 31, 2026 | −$1.48B | −$22.99M |
| Dec 31, 2025 | $717.78M | −$66.06M |
| Sep 30, 2025 | $535.28M | −$78.93M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Freedom Holding (FRHC)?
Short answer · as of
The next earnings report is expected on Nov 6, 2026.
Research dated 2026-09-13.
The scheduled earnings release needs to pair revenue momentum with better conversion into net income and earnings per share. Gross profit, operating profit and the gap between reported earnings and expectations will reveal whether the latest rebound is reaching common shareholders.
Operating cash flow is the sharper balance-sheet test. A return to positive cash generation, alongside continued coverage of debt by cash and short-term investments, would strengthen the liquidity story; another outflow would make the growing cash balance harder to interpret in isolation. Segment mix also matters because brokerage, banking and insurance each contribute meaningful revenue.
Recent filings also put leadership changes and an unregistered equity sale on the watchlist. Subsequent periodic reports can show whether either development changes governance, ownership or per-share economics.
How does Freedom Holding compare with its peers?
Short answer
Freedom Holding's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-13.
Freedom is not simply a broker with adjacent products. Brokerage, banking and insurance are all substantial contributors, while corporate financing, market making and proprietary positions add further sources of income and risk.
That breadth can keep a client inside the group for trading, credit, payments and insurance, with Tradernet linking parts of the securities workflow. Compared with a focused broker, however, investors must evaluate funding, lending and insurance exposure as well as trading activity; compared with a conventional bank, securities and market-facing operations carry much more weight.
| Company | Price | Market value | Score |
|---|---|---|---|
| $42.71 Oct 5, 2026 | $6.76B | 90 5-pillar Oct 6, 2026 | |
| $67.43 Oct 5, 2026 | $8.05B | 79 5-pillar Oct 6, 2026 | |
| $9.75 Oct 5, 2026 | $28.5B | 68 5-pillar Oct 6, 2026 | |
| $265.35 Oct 5, 2026 | $10.3B | 68 5-pillar Oct 6, 2026 | |
| $98.10 Oct 5, 2026 | $8.89B | 67 5-pillar Oct 6, 2026 | |
| $10.04 Oct 5, 2026 | $311M | 66 5-pillar Oct 6, 2026 | |
| $70.63 Oct 5, 2026 | $10.7B | 57 5-pillar Oct 6, 2026 | |
| $126.90 Oct 5, 2026 | $8.87B | 57 5-pillar Oct 6, 2026 | |
| $24.51 Oct 5, 2026 | $342M | 55 5-pillar Oct 6, 2026 | |
| $10.06 Oct 5, 2026 | $501M | 49 5-pillar Oct 6, 2026 | |
| $10.10 Oct 5, 2026 | $317M | 48 5-pillar Oct 6, 2026 | |
| $10.72 Oct 5, 2026 | $247M | 47 5-pillar Oct 6, 2026 | |
| Freedom Holding (FRHC) — this page | $173.49 | $10.6B | 35 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $180.00 – $180.00
- Consensus target
- $180.00
- Median target
- $180.00
Consensus record · Captured .
Measured against a quoted price of $173.49 (as of Oct 5, 2026).
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 16, 2026
- Transactions
- 25
- Identified insiders
- 10
- Purchases
- 0
- Sales
- 18
- Other transactions
- 7
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 3.8% Period end Jun 30, 2026
- Previous quarter · ownership
- 3.7% Prior to period end Jun 30, 2026
- Reporting holders
- 157 Period end Jun 30, 2026
- Previous quarter · holders
- 147 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 597,074 |
| State Street Corp | 230,249 |
| Geode Capital Management, LLC | 171,415 |
| Aqr Capital Management LLC | 115,495 |
| Morgan Stanley | 109,215 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Freedom Holding (FRHC)?
What Investors Ask About Freedom Holding (FRHC) — Financial Services
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
What does Tradernet do inside Freedom Holding?
Tradernet supports client margin-risk assessment and middle-office securities transfers. It is operating infrastructure for the brokerage workflow, not the whole customer proposition.
Why is Freedom Holding not just a brokerage company?
Banking and insurance contribute substantial revenue alongside brokerage, and the group also underwrites securities, advises companies, makes markets and invests for its own account. Consolidated results therefore reflect several financial engines with different balance-sheet demands.
Why can Freedom Holding report profit while operating cash flow is negative?
Accounting earnings and operating cash movement have diverged sharply in recent periods, which is plausible for a financial group whose trading, lending and funding balances can move cash independently of reported profit. For this company, the direction of operating cash flow must be read beside changes in cash, investments, debt and liabilities.
What makes Freedom Holding's cash balance difficult to interpret?
Cash and short-term investments exceed debt, but Freedom also carries a much larger liability base and operates banking, brokerage and proprietary-investment activities. The useful test is whether liquidity remains ample while operating cash flow and per-share earnings become steadier.
What is the FRHC stock price today?
The last price recorded on this page for Freedom Holding Corp. (FRHC) is $173.49, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the FRHC price target?
The analyst consensus price target for Freedom Holding Corp. (FRHC) is $180.00 (range $180.00 to $180.00, median $180.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (80 figures)
The 80 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
list.rule_notice | Listing-status notice (8-K Item 3.01) | 8-K Item 3.01, filed Aug 14, 2023 | OFFICIAL | SEC EDGAR — Form 8-K, Item 3.01 — Item 3.01 covers both continued-listing notices and voluntary transfers between exchanges; the filing states which applies and any cure terms. | |
id.hq | SEC filing business address | 40 Wall Street, 58TH Floor, NEW York, NY, NY, 10005 | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV, 89169, US". |
FMP — 70 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 6, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $173.49 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T21:54:44.253Z. | |
px.change | Change on the day | +0.28% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $10.6B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-05. FMP quote timestamp: 2026-10-05T20:00:01.000Z. Captured from FMP at 2026-10-05T21:54:43.151Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.49 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q1 FY2027 | $733M | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $107.97–$178.00 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 67.51 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 157.1K | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 0.69 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Timur Ruslanovich Turlov | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 12,100 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2022 through FY2026: FY2022 revenue $689.79M, net result $227.49M; FY2023 revenue $795.69M, net result $205.14M; FY2024 revenue $1.66B, net result $375.54M; FY2025 revenue $2.03B, net result $84.65M; FY2026 revenue $2.19B, net result $153.33M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Other Segment $172.80M · Banking Segment $689.20M · Brokerage Segment $831.51M · Insurance Segment $497.78M | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 58.2% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $720.88M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $145.23M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $206.75M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $466.70M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $0.00 | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $149.22M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $615.57M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $139.36M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $199.99M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $530.89M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $99.05M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $159.71M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-10.revenue_actual | Revenue · reported — report date 2026-08-10 | $720.88M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-10.revenue_estimated | Revenue · estimate — report date 2026-08-10 | $124.14M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-10.eps_actual | EPS · reported — report date 2026-08-10 | $0.5200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-10.eps_estimated | EPS · estimate — report date 2026-08-10 | $0.8700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-01.revenue_actual | Revenue · reported — report date 2026-06-01 | $466.70M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-01.revenue_estimated | Revenue · estimate — report date 2026-06-01 | $124.14M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-01.eps_actual | EPS · reported — report date 2026-06-01 | $0.1300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-01.eps_estimated | EPS · estimate — report date 2026-06-01 | $0.8700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-09.revenue_actual | Revenue · reported — report date 2026-02-09 | $615.57M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-09.revenue_estimated | Revenue · estimate — report date 2026-02-09 | $185.21M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-09.eps_actual | EPS · reported — report date 2026-02-09 | $1.2500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-09.eps_estimated | EPS · estimate — report date 2026-02-09 | $1.1000 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-07.revenue_actual | Revenue · reported — report date 2025-11-07 | $655.19M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-07.revenue_estimated | Revenue · estimate — report date 2025-11-07 | $168.76M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-07.eps_actual | EPS · reported — report date 2025-11-07 | $0.6300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-07.eps_estimated | EPS · estimate — report date 2025-11-07 | $1.1500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q1 FY2027 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $5.53B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | −$341.62M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $2.79B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 6.91× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | −$341.62M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | −$1.48B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$79.14M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$22.99M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $717.78M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$66.06M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $535.28M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$78.93M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $180.00 – $180.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $180.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $180.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 25 transactions · 0 purchases, 18 sales, 7 other transactions · 10 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 16, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 3.8% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 3.7% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 157 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 147 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 597,074 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | State Street Corp — shares in provider snapshot | 230,249 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Geode Capital Management, LLC — shares in provider snapshot | 171,415 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Aqr Capital Management LLC — shares in provider snapshot | 115,495 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Morgan Stanley — shares in provider snapshot | 109,215 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 3 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-09-16 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z 0.80 · Piotroski F 3 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 · Expired observation |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 1.92× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $5.53B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-05. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
earn.history.depth.2026-08-10.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($720.88M) with the recorded estimate ($124.14M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-10.eps_actual.comparison | Latest report · EPS vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.5200) with the recorded estimate ($0.8700) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 3 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 35 of 100 · Weak · pillars 68 / 20 / 5 / 73 / 90 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.valuation_driver | Recorded valuation score driver | Price relative to book value is the main valuation drag relative to sector peers. | OURS | Stock Expert AI MoonshotScore v2 engine · stored factor contributions | |
ours.moonshot_change | MoonshotScore movement | 35 (stored snapshot Oct 5, 2026) → 35 (current publication computed Oct 6, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-08-10. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-10.revenue_actual,earn.history.depth.2026-08-10.revenue_estimated,earn.history.depth.2026-08-10.revenue_actual.comparison,earn.history.depth.2026-08-10.eps_actual.comparison,earn.history.depth.2026-08-10.eps_actual,earn.history.depth.2026-08-10.eps_estimated,earn.history.depth.2026-06-01.revenue_actual,earn.history.depth.2026-06-01.revenue_estimated,earn.history.depth.2026-06-01.eps_actual,earn.history.depth.2026-06-01.eps_estimated,earn.history.depth.2026-02-09.revenue_actual,earn.history.depth.2026-02-09.revenue_estimated,earn.history.depth.2026-02-09.eps_actual,earn.history.depth.2026-02-09.eps_estimated,earn.history.depth.2025-11-07.revenue_actual,earn.history.depth.2025-11-07.revenue_estimated,earn.history.depth.2025-11-07.eps_actual,earn.history.depth.2025-11-07.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Freedom Holding Corp. operates as a diverse financial services organization, offering a broad spectrum of services through its network of subsidiaries. The company specializes in retail and corporate financial solutions, encompassing brokerage, investment analysis, advisory services, securities trading, and market making. It also extends into retail banking, corporate investment banking, and underwriting. For individual and institutional investors, the firm provides access to an extensive range of financial instruments, including equities and debt securities traded on exchanges and over-the-counter, money market products, exchange-traded options and futures, government bonds, and mutual funds. Complementing these offerings, it facilitates margin lending secured by client assets, delivers educational courses for investors, and conducts detailed investment research. The company's commercial banking operations furnish essential services such as payment cards, digital mortgage processing, and digital auto loans. Furthermore, it makes various insurance products accessible to its clientele. In the realm of corporate finance, Freedom Holding Corp. assists businesses in capital raising through initial public offerings (IPOs) and subsequent share offerings. It also crafts and distributes debt capital market solutions, supporting diverse corporate needs like acquisitions, leveraged buyouts, funding for growth, and financial restructuring. Beyond client-focused services, the company actively participates in proprietary trading and investment activities. This includes engaging in repurchase and reverse repurchase agreements, managing short positions, and settling other securities-related obligations to address customer requirements and finance its own asset holdings. Operational efficiency is enhanced by its proprietary Tradernet software platform, which plays a crucial role in assessing client margin risk and managing middle office security transfers. Headquartered in Almaty, Kazakhstan, and established in 1981, the company maintains a significant global footprint, conducting operations across Central Asia, Europe, the United States, Russia, and the Middle East/Caucasus regions. It was previously known as BMB Munai, Inc. before rebranding as Freedom Holding Corp. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Other Segment: $172.80M; Banking Segment: $689.20M; Brokerage Segment: $831.51M; Insurance Segment: $497.78M | 2026-03-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2026-03-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-10 | FMP | Financial Modeling Prep (FMP) earnings |
| Cash, investments and debt | Total debt: $2.79B; Liquidity basis: cash and short-term investments; Total liabilities: $12.51B; Cash and short-term investments: $5.53B; Cash and investments: $5.53B; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $5.53B; Cash and short-term investments: $5.53B; Long-term investments: $0; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $2.75B; Total debt: $2.79B; Cash and investments: $5.53B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Trailing twelve-month ratio set | Quick ratio: 0.76; Current ratio: 0.76; Debt to equity: 1.82; Net margin: 6.6%; Gross margin: 58.2%; Operating margin: 30.7%; Return on assets: 1.1%; Return on equity: 11% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Next earnings report | Date: 2026-11-06; EPS estimate: $0.87 per share; Revenue estimate: $124.14M The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Recent SEC filings |
| 2026-08-10 | OFFICIAL | SEC EDGAR filer submissions |
Data provided for informational purposes only.