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Freedom Holding FRHC Invested capital

Discontinued — last reported Q4 '26

Invested capital at other companies

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8.6%-0.2pp
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3.2%0.0pp
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CitigroupC
32.6%+2.0pp
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Morgan StanleyMS
16.9%+0.4pp
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Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

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$9.52B-19.3%
Enterprise value$8.6B-15.4%
P/E62.1×
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

Calculated from Freedom Holding’s reported figures.

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

Filed
Jun 1, 2026, 4:21 PM EDT
Fiscal year
FY2026
Accession
0000924805-26-000012

FAQ

What is Freedom Holding's invested capital?
Freedom Holding (FRHC) reported invested capital of $572.01M in Q1 2026.
How has Freedom Holding's invested capital changed year-over-year?
Freedom Holding's invested capital increased by 250.6% year-over-year, from -$379.8M to $572.01M.
What is the long-term trend for Freedom Holding's invested capital?
Over 5 years (2021 to 2026), Freedom Holding's invested capital has grown at a 7.2% compound annual growth rate (CAGR), from -$403.46M to $572.01M.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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