Freedom Holding Corp. (FRHC)

From the record

Freedom Holding Corp.'s filings since 2017 show 18 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2023-08-14); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2023-03-17); an auditor change (8-K item 4.01, 2 times, the latest 2022-10-18); a late-report notice (Form NT 10-K or NT 10-Q, 11 times, the latest 2026-11-09) (its current reports).

From the record

Freedom Holding Corp.'s 10 filed years say what it did: it rose in 8 of 8 years; it never fell from a peak; net income was positive in 9 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2026-03-31, Freedom Holding Corp.'s diluted share count grew about 0.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 26 sales and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $2 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2026-03-31, Freedom Holding Corp. earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 16 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 89 cents per dollar of assets, and net share issuance: its share count grew 1.0% over the year (the filed statements).

From the record

Freedom Holding Corp.'s standing among 29 graded names in its industry family: revenue of $2.2 billion in fiscal 2026 ranks in the bottom 44% by size; a net margin of 7% ranks in the bottom 40%; revenue growth of 40% a year over the last 3 filed years ranks in the top 23% (its annual reports).

From the record

Freedom Holding Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Turlov, Timur R (CEO, as filed), filing under that title since 2015-11-24, 11 years (top 8% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 3.1 years (bottom 3%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 45%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Freedom Holding Corp.'s room to grow, from the newest filed statements (fiscal 2026): cash of $966 million against no long-term debt tagged leaves 7.3% of its assets as net cash, top 47% of its family; cash from operations less capital spending is -0.6% of revenue (bottom 26%); a gross margin of 96.4% (top 25%) (its annual report).

From the record

Freedom Holding Corp.'s growth drivers, from the filed years to fiscal 2026: the newest year grew 9.3% (bottom 34%); capital spending grew 72.7% a year (top 17%) (its annual reports). Freedom Holding Corp. reported 4 lines of business in fiscal 2026: Brokerage at $832 million (38%), Banking at $689 million (32%), Insurance at $498 million (23%), and 1 more; 3 of 4 grew against the year before (its annual report).

From the record

Freedom Holding Corp.'s newest year against its own record: revenue of $2.2 billion in fiscal 2026 came in 30.9% below the $3.2 billion its prior three years' pace pointed to (bottom 6% of its family); net income of $153 million against a prior three-year average of $220 million (bottom 13%); a net margin of 7% against 17.5% before (bottom 6%) (its annual reports).