What is Freedom Holding's securities borrowed?

Freedom Holding (FRHC) reported securities borrowed of $1.06B in Q4 2025.

How has Freedom Holding's securities borrowed changed year-over-year?

Freedom Holding's securities borrowed decreased by 51.9% year-over-year, from $2.2B to $1.06B.

What is the long-term trend for Freedom Holding's securities borrowed?

Over 4 years (2021 to 2025), Freedom Holding's securities borrowed has grown at a 35.5% compound annual growth rate (CAGR), from $426.67M to $1.44B.

Freedom Holding FRHC Securities borrowed

Securities borrowed at other companies

StoneX Group Inc.SNEX

$2.29B+26.9%

Jefferies Financial GroupJEF

$7.68B-8.6%

Interactive Brokers Group, Inc.IBKR

——

Charles Schwab CorporationSCHW

——

Other financials

Income statement

See full

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$8.81B+10.6%

Enterprise value$7.89B+24.0%

P/E57.4×—

P/S4×0.0×

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 / equity0×0.0×

Current ratio1×—

Where this comes from

Reported directly by Freedom Holding in its filing.

Tagged under the XBRL concept us-gaap:SecuritiesBorrowedFairValueOfCollateral.

The official record: Freedom Holding’s 10-Q, filed February 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freedom Holding's securities borrowed?: Freedom Holding (FRHC) reported securities borrowed of $1.06B in Q4 2025.
How has Freedom Holding's securities borrowed changed year-over-year?: Freedom Holding's securities borrowed decreased by 51.9% year-over-year, from $2.2B to $1.06B.
What is the long-term trend for Freedom Holding's securities borrowed?: Over 4 years (2021 to 2025), Freedom Holding's securities borrowed has grown at a 35.5% compound annual growth rate (CAGR), from $426.67M to $1.44B.