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)
| 6/30/2025 MRQ | 3/31/2025 | 12/31/2024 MRQ | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,112,588 | 4,412,071 | 4,450,325 | 3,233,026 | 1,305,646 | 698,828 | |||
| Cash and cash equivalent | 837,302 | 577,940 | 545,084 | 581,417 | 224,663 | 698,828 | |||
| Short-term investments | 2,275,286 | 3,834,131 | 3,905,241 | 2,651,609 | 1,080,983 | ||||
| Receivables | 3,319,145 | 2,037,673 | 1,660,275 | 376,329 | 147,480 | 64,801 | |||
| Deposits current assets | 155,494 | ||||||||
| Intangible current assets | 44,488 | 47,668 | 17,615 | 3,512 | 9,785 | ||||
| Other current assets | 19,902 | ||||||||
| Total current assets: | 6,431,733 | 6,494,232 | 6,158,268 | 3,626,970 | 1,612,132 | 793,316 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 13,262 | ||||||||
| Operating lease, right-of-use asset | 39,828 | 39,242 | 36,324 | 30,345 | 6,747 | ||||
| Property, plant and equipment | 191,103 | 159,384 | 83,002 | 54,017 | 17,387 | 18,385 | |||
| Intangible assets, net (including goodwill) | 103,279 | 48,217 | 100,316 | 31,807 | 8,900 | 7,868 | |||
| Goodwill | 49,093 | 48,217 | 52,648 | 14,192 | 5,388 | 7,868 | |||
| Intangible assets, net (excluding goodwill) | 54,186 | 47,668 | 17,615 | 3,512 | |||||
| Deferred income tax assets | 857 | ||||||||
| Total noncurrent assets: | 334,210 | 246,843 | 219,642 | 116,169 | 33,891 | 39,515 | |||
| Other undisclosed assets | 3,148,074 | 2,393,970 | 1,924,020 | 1,341,419 | 1,325,260 | 1,185,814 | |||
| TOTAL ASSETS: | 9,914,017 | 9,135,045 | 8,301,930 | 5,084,558 | 2,971,283 | 2,018,645 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 28,919 | 48,276 | 32,996 | 4,547 | 106,411 | 148,409 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 14,556 | 14,843 | ||
| Accounts payable | 91,617 | 133,493 | |||||||
| Accrued liabilities | 28,919 | 48,276 | 32,996 | 4,547 | 238 | 73 | |||
| Debt | 1,418,443 | 2,199,703 | 2,756,596 | 1,517,416 | 742,710 | 453,213 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 313 | 339 | |||
| Total current liabilities: | 1,447,362 | 2,247,979 | 2,789,592 | 1,521,963 | 849,434 | 601,961 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 523 | ||||||||
| Long-term debt, excluding current maturities | 523 | ||||||||
| Liabilities, other than long-term debt | 62 | 66 | 694 | 4,385 | |||||
| Deferred income tax liabilities | 62 | 66 | 694 | 4,385 | |||||
| Total noncurrent liabilities: | 62 | 66 | 694 | 4,908 | |||||
| Other undisclosed liabilities | 7,252,235 | 5,624,321 | 4,345,314 | 2,791,165 | 1,614,174 | 1,136,105 | |||
| Total liabilities: | 8,699,659 | 7,872,300 | 7,134,972 | 4,313,822 | 2,463,608 | 1,742,974 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,214,241 | 1,259,892 | 1,163,650 | 777,285 | 514,671 | 275,671 | |||
| Common stock | 61 | 61 | 60 | 59 | 59 | 58 | |||
| Additional paid in capital | 246,610 | 222,968 | 183,788 | 164,162 | 141,340 | 104,672 | |||
| Accumulated other comprehensive loss | (117,995) | (189,216) | (18,938) | (34,000) | (53,291) | (36,046) | |||
| Retained earnings | 1,085,565 | 1,226,079 | 998,740 | 647,064 | 426,563 | 208,628 | |||
| Other undisclosed equity, attributable to parent | (1,641) | ||||||||
| Equity, attributable to noncontrolling interest | 117 | 2,853 | 3,308 | (6,549) | (6,996) | ||||
| Total equity: | 1,214,358 | 1,262,745 | 1,166,958 | 770,736 | 507,675 | 275,671 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,914,017 | 9,135,045 | 8,301,930 | 5,084,558 | 2,971,283 | 2,018,645 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 3/31/2025 | 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,050,527 | 2,755,199 | 1,635,080 | 795,693 | 584,867 | 352,551 | ||
| Gain (loss) on disposition of assets for financial service operations | 65,855 | 30,254 | 38,125 | (36,226) | 206,238 | |||
| Revenues, excluding interest and dividends | 646,307 | 488,894 | 305,877 | 115,371 | ||||
| Cost of revenue | (1,400,109) | (1,533,484) | (851,905) | (403,059) | (68,967) | (102,095) | ||
| Gross profit: | 650,418 | 1,221,715 | 783,175 | 392,634 | 515,900 | 250,456 | ||
| Operating expenses | (537,472) | (683,252) | (347,804) | (156,696) | (161,807) | (77,434) | ||
| Other operating income (expense), net | 13,734 | 3,448 | (1,312) | (68) | ||||
| Other expenses | (68) | |||||||
| Other undisclosed operating income | 13,734 | |||||||
| Operating income: | 112,946 | 552,197 | 449,105 | 239,386 | 352,781 | 172,954 | ||
| Interest and debt expense | (368,140) | (501,111) | (208,947) | (65,449) | (27,366) | |||
| 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: | 112,946 | 184,057 | (52,006) | 30,439 | 287,332 | 173,022 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 354,406 | 487,377 | 205,499 | 66,761 | ||||
| Income from continuing operations before income taxes: | 112,946 | 538,463 | 435,371 | 235,938 | 354,093 | 173,022 | ||
| Income tax expense (benefit) | (28,425) | (75,381) | (60,419) | (42,776) | (38,529) | 30,098 | ||
| Income from continuing operations: | 84,521 | 463,082 | 374,952 | 193,162 | 315,564 | 203,120 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 203,120 | |
| Income (loss) from discontinued operations | 12,424 | (104,195) | ||||||
| Other undisclosed net loss | (9,929) | |||||||
| Net income: | 84,521 | 453,153 | 374,952 | 205,586 | 211,369 | 203,120 | ||
| Net income (loss) attributable to noncontrolling interest | 129 | (465) | 588 | (446) | 6,566 | |||
| Other undisclosed net loss attributable to parent | (60,196) | |||||||
| Net income attributable to parent: | 84,650 | 452,688 | 375,540 | 205,140 | 217,935 | 142,924 | ||
| Other undisclosed net loss available to common stockholders, basic | (631) | |||||||
| Net income available to common stockholders, diluted: | 84,650 | 452,688 | 375,540 | 205,140 | 217,935 | 142,293 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 3/31/2025 | 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 84,521 | 453,153 | 374,952 | 205,586 | 211,369 | 203,120 | ||
| Other comprehensive income (loss) | (99,057) | 15,062 | 29,125 | (17,245) | 144,852 | |||
| Other undisclosed comprehensive loss | (157,421) | |||||||
| Comprehensive income (loss): | (14,536) | 295,732 | 390,014 | 234,711 | 194,124 | 347,972 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 129 | (465) | 588 | (446) | 6,566 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (14,407) | 295,267 | 390,602 | 234,265 | 200,690 | 347,972 | ||
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.