Freedom Holding Corp. (FRHC) — Financial statements
Income statement, balance sheet, and cash flow for Freedom Holding Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,033↑22.7% | 1,657↑108.2% | 796↑15.4% | 690↑98.9% | 347 | |
| Cost of Revenue | 964↑95.7% | 492↑119.1% | 225↑20.4% | 187↑27.5% | 146 | |
| Gross Profit | 1,070↓8.1% | 1,164↑103.9% | 571↑13.5% | 503↑150.9% | 201 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 251↑41.1% | 178↑106.1% | 86↑95.7% | 44↑181.4% | 16 | |
| Selling & Marketing Expenses | 125↑225.2% | 38↑172.6% | 14↑18.0% | 12↑70.9% | 7 | |
| SG&A Expenses | 376↑73.8% | 216↑115.5% | 100↑79.2% | 56↑147.4% | 23 | |
| Other Expenses | 62↑194.2% | 21↓27.1% | 29↑1063.8% | 3 | 0.00 | |
| Operating Expenses | 438↑84.5% | 237↑83.4% | 129↑121.3% | 58↑158.4% | 23 | |
| Total Costs & Expenses | 1,402↑92.0% | 730↑106.0% | 354↑44.5% | 245↑45.0% | 169 | |
| Operating Results | ||||||
| Operating Income | 632↓31.8% | 927↑109.9% | 441↓0.7% | 445↑150.0% | 178 | |
| Depreciation & Amortization | 17↑17.5% | 15↑184.2% | 5↑50.4% | 3↑27.1% | 3 | |
| EBITDA | 666↓30.0% | 951↑111.3% | 450↑1.3% | 444↑151.0% | 177 | |
| EBIT | 649↓30.7% | 936↑110.5% | 445↑1.0% | 441↑152.9% | 174 | |
| Interest & Other Income | ||||||
| Net Interest Income | -536↓6.9% | -501↓139.8% | -209↓171.5% | -77↓242.8% | -22 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 536↑6.9% | 501↑139.8% | 209↑171.5% | 77↑242.8% | 22 | |
| Non-Operating Income | -17↓76.1% | -10↓181.2% | -3↓185.9% | 4↑10.8% | 4 | |
| Other Income / Expenses | -519↓5.6% | -491↓139.1% | -205↓153.8% | -81↓210.6% | -26 | |
| Income Before Tax | 113↓74.1% | 435↑84.5% | 236↓35.1% | 364↑139.6% | 152 | |
| Income Tax Expense | 28↓53.0% | 60↑41.2% | 43↑10.9% | 39↑65.5% | 23 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 85↓77.5% | 375↑94.1% | 193↓40.6% | 325↑153.0% | 128 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 12↑111.9% | -104↓578.3% | 22 | |
| Net Income | 85↓77.5% | 376↑83.1% | 205↓9.8% | 227↑52.0% | 150 | |
| Bottom-Line Net Income | 85↓77.5% | 376↑83.1% | 205↓9.8% | 227↑52.0% | 150 | |
| EPS (Basic) | 1.43↓77.6% | 6.37↑82.0% | 3.50↓8.9% | 3.84↑50.0% | 2.56 | |
| EPS (Diluted) | 1.40↓77.9% | 6.33↑83.5% | 3.45↓10.2% | 3.84↑50.0% | 2.56 | |
| Weighted Average Shares | 59↑0.7% | 59↑0.6% | 59↓1.3% | 59↑1.7% | 58 | |
| Weighted Average Diluted Shares | 60↑1.9% | 59↓0.2% | 60↑0.2% | 59↑1.6% | 58 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.