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

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

What does insurance — cost of sales mean?

Direct costs directly tied to generating insurance revenue.

How do you interpret insurance — cost of sales?

A lower cost of sales relative to revenue indicates higher gross margins and better pricing power or operational efficiency.

How does insurance — cost of sales compare across companies?

Common in manufacturing, but in insurance, this often maps to direct underwriting costs; varies significantly by business model.

Freedom Holding FRHC Insurance — Cost of Sales

Other segment segments

Other

$25.24M+104%

Bank

$0—

Brokerage

$0—

Similar metrics at other companies

MKLInsurance — Products expenses

$0—

VRSKInsurance — Cost Of Revenue

$223.4M+2.9%

VRSKInsurance — Cost Of Services

$138.7M+15.4%

VRSKInsurance — Selling General And Administrative Expense

$114M+2.2%

UHAL.BProperty And Casualty Insurance — Cost of Goods Sold

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UHAL.BLife Insurance — Cost of Goods Sold

——

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: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 insurance — cost of sales?: Freedom Holding (FRHC) reported insurance — cost of sales of $0 in Q1 2026.
What does insurance — cost of sales mean?: Direct costs directly tied to generating insurance revenue.
How do you interpret insurance — cost of sales?: A lower cost of sales relative to revenue indicates higher gross margins and better pricing power or operational efficiency.
How does insurance — cost of sales compare across companies?: Common in manufacturing, but in insurance, this often maps to direct underwriting costs; varies significantly by business model.