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Other financials

Income statement

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Revenue$503.1M+68.6%
Gross profit$477.9M+67.1%
Net income$8.0M
EPS (diluted)$0.13

Balance sheet

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Cash & equivalents$966.1M-41.3%
Total debt$48.8M+20.5%
Total equity$1.5B+21.6%
Total assets$13.2B+32.7%

Cash flow

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Operating cash flow$717.8M
CapEx$23.0M-15.8%
Free cash flow-$1.6B-220%

Valuation

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Market cap$9.39B-19.3%
Enterprise value$8.47B-15.4%
P/E61.2×
P/S4.3×-1.3×

Profitability

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Gross margin96.4%-2.1pp
Operating margin-28%
Net margin7%
FCF margin-0.6%

Returns & leverage

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Return on equity11.3%
Debt / equity0.0×
Current ratio

Where this comes from

Reported directly by Freedom Holding in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAmortizationAndAccretionNet.

The source filing: Freedom Holding’s 10-K, filed June 1, 2026.

Filed
Jun 1, 2026, 4:21 PM EDT
Fiscal year
FY2026
Accession
0000924805-26-000012
Line itemFor the years ended / March 31, 2026For the years ended / March 31, 2025For the years ended / March 31, 2024
Cash Flows From Operating Activities
Net income153,328$76,158$378,519
Adjustments to reconcile net income used in operating activities:
Depreciation and amortization34,56017,15814,603
Amortization of deferred acquisition costs127,641209,68949,635
Noncash lease expense18,10414,4689,980
Change in deferred taxes(12,297)(19,705)800
Stock compensation expense68,04759,59222,719

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Freedom Holding's D&A?
Freedom Holding (FRHC) reported D&A of $13.86M in Q1 2026.
How has Freedom Holding's D&A changed year-over-year?
Freedom Holding's D&A increased by 211.6% year-over-year, from $4.45M to $13.86M.
What is the long-term trend for Freedom Holding's D&A?
Over 4 years (2022 to 2026), Freedom Holding's D&A has grown at a 78.3% compound annual growth rate (CAGR), from $3.42M to $34.56M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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