What is Freedom Holding's brokerage — cost of sales?

Freedom Holding (FRHC) reported brokerage — cost of sales of $0 in Q1 2026.

What does brokerage — cost of sales mean?

The direct costs incurred to generate revenue from brokerage services.

How do you interpret brokerage — cost of sales?

A lower ratio of cost of sales to revenue indicates higher operational leverage and better profit margins.

How does brokerage — cost of sales compare across companies?

Comparable to cost of revenue or direct service costs in financial services.

Freedom Holding FRHC Brokerage — Cost of Sales

Other segment segments

Other

$25.24M+104%

Bank

$0—

Insurance

$0—

Similar metrics at other companies

COMPBrokerage — Commissions and other related expenses

$2.01B+81.6%

EXPDBrokerage And Other Services — Direct Operating Costs

$20M—

COMPBrokerage — Operations and support

$224M+111%

COMPBrokerage — G&A

$3M+50.0%

COMPFranchise — Commissions and other related expenses

$0—

COMPBrokerage — Sales and marketing

$79M+61.2%

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

See full

Gross margin96.4%-2.1pp

Operating margin-28%—

Net margin7%—

FCF margin-0.6%—

Returns & leverage

See full

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:CostOfGoodsAndServicesSold.

The official record: Freedom Holding’s 10-K, filed June 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freedom Holding's brokerage — cost of sales?: Freedom Holding (FRHC) reported brokerage — cost of sales of $0 in Q1 2026.
What does brokerage — cost of sales mean?: The direct costs incurred to generate revenue from brokerage services.
How do you interpret brokerage — cost of sales?: A lower ratio of cost of sales to revenue indicates higher operational leverage and better profit margins.
How does brokerage — cost of sales compare across companies?: Comparable to cost of revenue or direct service costs in financial services.