Freedom Holding Corp. (FRHC) Financial Statements (2025 and earlier)

Company Profile

Business Address 40 WALL STREET, 58TH FLOOR
NEW YORK, NY, NY 10005
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
3/31/2024
12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,450,325561,8833,233,0261,305,646698,828129,805
Cash and cash equivalents545,084561,883581,417224,663698,82863,208
Short-term investments3,905,241 2,651,6091,080,983  
Other undisclosed cash, cash equivalents, and short-term investments      66,597
Receivables1,660,275961,392376,329147,48064,801 
Deposits current assets    155,494  
Intangible current assets47,66846,77117,6153,5129,785 
Other current assets     19,902 
Total current assets:6,158,2681,570,0463,626,9701,612,132793,316129,805
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     13,262 
Operating lease, right-of-use asset36,32434,18030,3456,747 14,543
Property, plant and equipment83,00278,09954,01717,38718,3856,384
Intangible assets, net (including goodwill)100,31652,23831,8078,9007,8686,029
Goodwill52,64852,23814,1925,3887,8682,607
Intangible assets, net (excluding goodwill) 47,668 17,6153,512 3,422
Deferred income tax assets    857 570
Total noncurrent assets:219,642164,517116,16933,89139,51527,526
Other undisclosed assets1,924,0205,714,4801,341,4191,325,2601,185,814296,192
TOTAL ASSETS:8,301,9307,449,0435,084,5582,971,2832,018,645453,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,99627,7114,547106,411148,4099,805
Taxes payable14,55614,8431,407
Accounts payable    91,617133,4938,398
Accrued liabilities32,99627,7114,54723873 
Debt2,756,5962,889,1731,517,416742,710453,21348,204
Other liabilities      14
Due to related parties 313339 
Total current liabilities:2,789,5922,916,8841,521,963849,434601,96158,023
Noncurrent Liabilities
Long-term debt and lease obligation     523 
Long-term debt, excluding current maturities     523 
Liabilities, other than long-term debt 66 694 4,385 
Deferred income tax liabilities 66 694 4,385 
Total noncurrent liabilities: 66 694 4,908 
Other undisclosed liabilities4,345,3143,492,9092,791,1651,614,1741,136,105266,463
Total liabilities:7,134,9726,409,7934,313,8222,463,6081,742,974324,486
Equity
Equity, attributable to parent, including:1,163,6501,036,196777,285514,671275,671131,309
Common stock605959595858
Additional paid in capital183,788167,465164,162141,340104,672102,890
Accumulated other comprehensive loss(18,938)(34,845)(34,000)(53,291)(36,046)(37,974)
Retained earnings998,740903,517647,064426,563208,62866,335
Other undisclosed equity, attributable to parent     (1,641) 
Equity, attributable to noncontrolling interest3,3083,054(6,549)(6,996) (2,272)
Total equity:1,166,9581,039,250770,736507,675275,671129,037
TOTAL LIABILITIES AND EQUITY:8,301,9307,449,0435,084,5582,971,2832,018,645453,523

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
Revenues1,635,0801,446,049795,693584,867352,551121,902
Gain (loss) on disposition of assets for financial service operations38,12561,276(36,226)206,238  
Revenues, excluding interest and dividends305,877219,200115,371   
Cost of revenue(851,905)(955,150)(403,059)(68,967)(102,095)(33,780)
Gross profit:783,175490,899392,634515,900250,45688,122
Operating expenses(347,804)(273,831)(156,696)(161,807)(77,434)(59,990)
Other operating income (expense), net 13,734 3,448(1,312)(68)(609)
Other expenses     (68)(609)
Other undisclosed operating income 3,448    
Operating income:449,105220,516239,386352,781172,95427,523
Nonoperating income (expense)  480   (2,717)
Investment income, nonoperating      12,134
Loss, foreign currency transaction, before tax      (14,851)
Interest and debt expense(501,111)(530,165)(208,947)(65,449)(27,366)(12,399)
Other undisclosed income from continuing operations before equity method investments, income taxes     27,434 
Income (loss) from continuing operations before equity method investments, income taxes:(52,006)(309,169)30,439287,332173,02212,407
Other undisclosed income (loss) from continuing operations before income taxes487,377526,237205,49966,761 (5,199)
Income from continuing operations before income taxes:435,371217,068235,938354,093173,0227,208
Income tax expense (benefit)(60,419)(55,204)(42,776)(38,529)30,098(6,002)
Income from continuing operations:374,952161,864193,162315,564203,1201,206
Income before gain (loss) on sale of properties:203,1201,206
Income (loss) from discontinued operations  16,08012,424(104,195)  
Other undisclosed net income (loss)     20,924
Net income:374,952177,944205,586211,369203,12022,130
Net income (loss) attributable to noncontrolling interest588(19)(446)6,566 2,707
Other undisclosed net loss attributable to parent     (60,196)(2,707)
Net income attributable to parent:375,540177,925205,140217,935142,92422,130
Other undisclosed net loss available to common stockholders, basic     (631) 
Net income available to common stockholders, diluted:375,540177,925205,140217,935142,29322,130

Comprehensive Income ($ in thousands)

9/30/2024
TTM
3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
Net income:374,952177,944205,586211,369203,12022,130
Other comprehensive income (loss) 15,062 29,125(17,245)144,852 
Other undisclosed comprehensive income (loss) 31,386   (12,215)
Comprehensive income:390,014209,330234,711194,124347,9729,915
Comprehensive income (loss), net of tax, attributable to noncontrolling interest588(19)(446)6,566 2,707
Comprehensive income, net of tax, attributable to parent:390,602209,311234,265200,690347,97212,622

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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