What is the 13F Pro Quality Score for FRHC?

13F Pro ranks Freedom Holding Corp. (FRHC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FRHC's current score at https://13fpro.ai/research/FRHC (free sign-up required for the full ranking).

Which hedge funds own the most FRHC stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FRHC include BlackRock,, STATE STREET, GEODE CAPITAL MANAGEMENT,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FRHC as soon as new 13F filings post.

Where does 13F Pro source FRHC data?

All Freedom Holding Corp. fundamentals and ownership data come directly from SEC EDGAR. Freedom Holding Corp. files with the SEC under CIK 924805. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FRHC in?

Freedom Holding Corp. (FRHC) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is FRHC research updated on 13F Pro?

FRHC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Freedom Holding Corp.(FRHC)Stock Analysis

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13F Pro Quality Score

51.7/100

Rank #1,380 of 2,879 stocksTOP 50%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

2.4/100

Profitability

92.3/100

Balance Sheet

49.2/100

Earnings Quality

19.5/100

Free Cash Flow

97.1/100

Institutional Flow

34.6/100

Revenue Scale

43.4/100

Dilution Risk

32.8/100

FRHC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Freedom Holding Corp. (FRHC), a Financials sector company. 13F Pro's AI-powered ranking engine scores FRHC at 51.7/100 on a 32-signal composite quality model, placing it at rank #1,380 of 2,879 stocks — the top half of the AI-ranked universe. FRHC scores in the top quartile across free cash flow (97.1), profitability (92.3). Areas of concern include revenue growth (2.4) and earnings quality (19.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 32.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), Freedom Holding Corp. reports quarterly revenue of $503.1M, net income of $8.0M, free cash flow of $-1.6B. Top institutional holders of FRHC by reported 13-F value include BlackRock,, STATE STREET, GEODE CAPITAL MANAGEMENT,, based on the most recent SEC filings. FRHC trades on the Nasdaq exchange and files with the SEC under CIK 924805. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FRHC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Freedom Holding Corp. directly from SEC EDGAR. Freedom Holding Corp.'s 13F Pro composite quality score has ranged between 52 and 72 since 2024, currently 51.7 — a declining long-term trajectory across 15 quarterly and live scoring snapshots.

Revenue

Q4 2026

$503.1M

Net Income

Q4 2026

$8.0M

Free Cash Flow

Q4 2026

$-1.6B

ROIC

Q4 2026

2.1%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+9.3% YoY

$2.19BFY 2026

FY21 $346.9MFY24 $1.65BFY25 $2.00BFY26 $2.19B

Net Income

+101.0% YoY

$153.3MFY 2026

FY21 $149.7MFY24 $379.1MFY25 $76.3MFY26 $153.3M

EPS (Diluted)

+99.2% YoY

$2.51FY 2026

FY21 $2.43FY24 $6.39FY25 $1.26FY26 $2.51

Total Assets

+32.7% YoY

$13.16BFY 2026

FY21 $2.10BFY24 $8.30BFY25 $9.92BFY26 $13.16B

Total Debt

—FY 2026

FY21 $0.00FY24 —FY25 —FY26 —

Op. Cash Flow

-89.0% YoY

$185.2MFY 2026

FY21 $534.4MFY24 $-1.06BFY25 $1.68BFY26 $185.2M

Metric	FY 2026	FY 2025	FY 2024	FY 2021	FY 2020	FY 2019
Revenue	$2.19B +9.3%	$2.00B +21.7%	$1.65B +374.9%	$346.9M +184.6%	$121.9M +64.1%	$74.3M
Net Income	$153.3M +101.0%	$76.3M -79.9%	$379.1M +153.3%	$149.7M +502.5%	$24.8M +247.5%	$7.1M
EPS (Diluted)	$2.51 +99.2%	$1.26 -80.3%	$6.39 +163.0%	$2.43 +465.1%	$0.43	—
Total Assets	$13.16B +32.7%	$9.92B +19.4%	$8.30B +295.3%	$2.10B +363.1%	$453.5M +29.2%	$350.9M
Total Debt	—	—	—	$0.00	—	—
Operating Cash Flow	$185.2M -89.0%	$1.68B +257.9%	$-1.06B -299.2%	$534.4M +1107.2%	$44.3M	—

AI Insight: FRHC Financial Trends

Revenue volatility masks deteriorating profitability; Q1 2026 net income collapsed to $8M despite $503M revenue, while operating cash flow swung sharply negative.

• Revenue ranged $345M–$665M across 9 quarters with no clear growth trajectory; Q1 2026 at $503M remains below Q4 2025 peak of $629M.

• Net income compressed to $8M in Q1 2026 from $76M in Q4 2025, a 89% sequential decline despite stable revenue.

• Operating cash flow swung to negative $1,549M in Q1 2026, largest deterioration in dataset; prior three quarters averaged positive $578M.

⚠ Equity rose to $1,489M in Q1 2026 from $1,221M in Q3 2025, but profitability erosion and negative cash flow signal underlying stress.

⚠ Q1 2025 posted $143M net loss despite $345M revenue; recent quarter mirrors profit weakness, raising questions about business model stability.

AI Insight: FRHC Ratio Trends

Severe profitability collapse in Q1 2026 erases recovery gains; margins and returns plummeted to lowest levels in data series.

• OpMargin fell to 6.2% in Q1 2026 from 14.9% in Q4 2025; NPM crashed to 1.6% from 12.1%, lowest on record.

• ROE and ROIC both declined sharply: ROE 2.1% vs. 21.9% last quarter; ROIC 8.3% vs. 26.9%, erasing prior-year recovery.

• TTM metrics remain depressed: OpMargin 10.3%, NPM 7.0%, ROE 10.3%—well below Q4 2024 peaks of 14.8%, 11.8%, 24.9%.

⚠ Q1 2026 represents second major earnings collapse in 12 months (prior Q1 2025 posted -45.1% OpMargin); pattern suggests seasonal or structural vulnerability.

⚠ ROA fell to 0.2% in Q1 2026, matching Q2 2025 trough; sustained asset efficiency weakness signals operational strain.

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Available Research

13F Pro tracks comprehensive data for Freedom Holding Corp. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FRHC

BlackRock, Inc.
$87.3M602,634 sh
STATE STREET CORP
$31.7M219,008 sh
GEODE CAPITAL MANAGEMENT, LLC
$24.5M169,065 sh
MORGAN STANLEY
$17.0M117,615 sh
AQR CAPITAL MANAGEMENT LLC
$15.7M109,557 sh
MILLENNIUM MANAGEMENT LLC
$8.7M59,980 sh
NORTHERN TRUST CORP
$7.7M53,297 sh
UBS Group AG
$7.3M50,521 sh
Bank of New York Mellon Corp
$6.7M46,292 sh
BANK OF AMERICA CORP /DE/
$5.8M40,070 sh

Fund	Value	Shares
BlackRock, Inc.	$87.3M	602,634
STATE STREET CORP	$31.7M	219,008
GEODE CAPITAL MANAGEMENT, LLC	$24.5M	169,065
MORGAN STANLEY	$17.0M	117,615
AQR CAPITAL MANAGEMENT LLC	$15.7M	109,557
MILLENNIUM MANAGEMENT LLC	$8.7M	59,980
NORTHERN TRUST CORP	$7.7M	53,297
UBS Group AG	$7.3M	50,521
Bank of New York Mellon Corp	$6.7M	46,292
BANK OF AMERICA CORP /DE/	$5.8M	40,070

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Is FRHC a good stock to buy?

13F Pro's AI-powered analysis of Freedom Holding Corp. (FRHC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FRHC are available on the FRHC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FRHC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FRHC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Freedom Holding Corp.'s investment landscape.