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/company/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/company/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.

What drives FRHC's revenue?

Per Freedom Holding Corp.'s latest 10-Q filed with the SEC on 2026-08-10, the biggest revenue drivers are: Interest income ($295.1M, +49% YoY); Fee and commission income ($156.7M, +46% YoY); Net insurance revenue ($124.2M, -14% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/FRHC.

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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SEC EDGAR: CIK 924805 FRHC stock profile & AI dashboard →

13F Pro Quality Score

55.4/100

Rank #1,248 of 2,962 stocksTOP 50%

View Financials peers →

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

Revenue Growth

73.5/100

Profitability

59.2/100

Balance Sheet

46.2/100

Earnings Quality

1.8/100

Free Cash Flow

10.7/100

Institutional Flow

26.8/100

Revenue Scale

66.0/100

Dilution Risk

31.6/100

Email me the moment this company reports earnings

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Why FRHC Scores 55/100

exact factor attribution · 2026-09-11

FRHC's composite is driven by revenue growth and scale, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+6.3 pts

74th pct

Scale

+3.2 pts

66th pct

Profitability

+1.8 pts

59th pct

Capital efficiency

-0.5 pts

46th pct

Shareholder dilution

-1.2 pts

32th pct

Institutional flow

-1.6 pts

27th pct

Earnings growth

-2.6 pts

11th pct

Earnings quality

-4.8 pts

2th pct

Free cash flow

-5.9 pts

11th pct

Latest change (2026-08-14): 51 → 68 · ↑ Revenue growth 0→98; despite ↓ Dilution 33→4

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in FRHC

Events flagged as statistical outliers against FRHC's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-14
FRHC quality score jumped 17 points (51→68) on a new filing
View source filing →

FRHC Stock Analysis & AI Quality Score

Data updated 2026-09-11

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 55.4/100 on a 32-signal composite quality model, placing it at rank #1,248 of 2,962 stocks — the top half of the AI-ranked universe. Areas of concern include earnings quality (1.8) and free cash flow (10.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 31.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Freedom Holding Corp. reports quarterly revenue of $732.5M, net income of $31.7M, free cash flow of $-420.8M. 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 18 and 72 since 2024, currently 55.4 — a declining long-term trajectory across 55 quarterly and live scoring snapshots.

What's Driving FRHC's Business? Latest 10-Q Breakdown

AI-extracted from Freedom Holding Corp.'s 10-Q filed 2026-08-10 — Q1 FY2027 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q1 FY2027 revenue grew 40% YoY to $732.5M, driven by 49% growth in interest income and 46% rise in fee/commission income, though net income declined 15% to $31.7M due to higher expenses.

Biggest Revenue Drivers

Interest income$295.1M+49% YoY

Increase in margin loans to customers (+79%), loans to customers (+32%), and held-to-maturity securities (+230%).

Fee and commission income$156.7M+46% YoY

Higher brokerage services revenue (+60%) from increased retail customer base and institutional commissions.

Biggest Revenue Drivers

Total revenue: $732.5M+40% YoY

Interest income$295.1M+49% YoY

Increase in margin loans to customers (+79%), loans to customers (+32%), and held-to-maturity securities (+230%).

Fee and commission income$156.7M+46% YoY

Higher brokerage services revenue (+60%) from increased retail customer base and institutional commissions.

Net insurance revenue$124.2M-14% YoY

Decrease due to regulatory cap on insurance agent commissions and lower written premiums.

Net gain on trading securities$79.8M+75% YoY

Realized gains from Kazakhstan sovereign and corporate debt sales, plus unrealized gains from fair value increases.

Sales of goods and services$41.5M+141% YoY

Growth from telecommunications sector expansion and increased Arbuz e-commerce order volumes.

Largest Expense Items

Interest expense$177.6M+57% YoY

Growth in customer deposit liabilities (+121%) and debt securities issued; margin lending payable declined.

Insurance claims and policyholder benefits, net of reinsurance$131.6M+102% YoY

Growth of pension annuity business and annuity payments; higher claims under compulsory motor third party liability.

Payroll and bonuses$153.1M+66% YoY

Workforce expansion through new hires and higher salary/bonus compensation.

General and administrative expense$76.2M+82% YoY

Higher communication services, software support, depreciation, charity, IT services, and lease costs.

Margins: Gross operating margin (revenue less direct commissions) remained relatively stable, but net operating margin contracted significantly as payroll, insurance claims, and interest expenses grew faster than revenue. The company is investing heavily in growth while managing regulatory compliance costs.

Watch Items from the Filing

SEC Wells Notice received March 11, 2026 regarding preliminary determination to recommend civil enforcement action; outcome and potential losses cannot be reasonably estimated, creating material uncertainty.
Insurance segment net loss of $19.2M in Q1 (vs. $5.1M profit prior year) driven by regulatory changes capping insurance agent commissions; ongoing regulatory headwind.
Net capital requirements for all subsidiaries totaled $541.9M as of June 30, 2026, with each subsidiary compliant; significant capital tied up in regulated entities limits corporate flexibility.
Acquisition of Turkish Bank A.Ş. (99.32%) completed July 31, 2026 for $33.4M; expansion into new geography post-quarter-end.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$732.5M

Net Income

Q2 2026

$31.7M

Free Cash Flow

Q2 2026

$-420.8M

ROIC

Q2 2026

10.6%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.3% YoY

$2.19BFY 2026

FY23 $799.1MFY24 $1.65BFY25 $2.00BFY26 $2.19B

Net Income

+101.0% YoY

$153.3MFY 2026

FY23 $205.1MFY24 $379.1MFY25 $76.3MFY26 $153.3M

EPS (Diluted)

+99.2% YoY

$2.51FY 2026

FY23 $3.45FY24 $6.39FY25 $1.26FY26 $2.51

Total Assets

+32.7% YoY

$13.16BFY 2026

FY23 $5.08BFY24 $8.30BFY25 $9.91BFY26 $13.16B

Total Debt

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Op. Cash Flow

-89.0% YoY

$185.2MFY 2026

FY23 $-951.7MFY24 $-1.06BFY25 $1.68BFY26 $185.2M

Free Cash Flow

-100.8% YoY

$-13.5MFY 2026

FY23 $-990.2MFY24 $-1.10BFY25 $1.60BFY26 $-13.5M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$2.19B +9.3%	$2.00B +21.7%	$1.65B +106.1%	$799.1M +36.6%	$584.9M +68.6%	$346.9M
Net Income	$153.3M +101.0%	$76.3M -79.9%	$379.1M +84.8%	$205.1M -5.9%	$217.9M +53.2%	$142.3M
EPS (Diluted)	$2.51 +99.2%	$1.26 -80.3%	$6.39 +85.2%	$3.45 -6.0%	$3.67 +51.0%	$2.43
Total Assets	$13.16B +32.7%	$9.91B +19.4%	$8.30B +63.3%	$5.08B +57.5%	$3.23B +53.7%	$2.10B
Total Debt	—	—	—	—	—	$0.00
Operating Cash Flow	$185.2M -89.0%	$1.68B +257.9%	$-1.06B -11.8%	$-951.7M -114.8%	$-443.0M -182.9%	$534.4M
Free Cash Flow	$-13.5M -100.8%	$1.60B +245.3%	$-1.10B -11.2%	$-990.2M -120.7%	$-448.6M -184.3%	$532.4M

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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.
$77.9M597,074 sh
STATE STREET CORP
$30.0M230,249 sh
GEODE CAPITAL MANAGEMENT, LLC
$22.4M171,415 sh
AQR CAPITAL MANAGEMENT LLC
$14.9M115,495 sh
MORGAN STANLEY
$14.2M109,215 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$8.3M63,500 sh
NORTHERN TRUST CORP
$7.0M53,805 sh
UBS Group AG
$6.7M50,976 sh
Bank of New York Mellon Corp
$6.3M48,292 sh
JPMORGAN CHASE & CO
$5.8M43,972 sh

Fund	Value	Shares
BlackRock, Inc.	$77.9M	597,074
STATE STREET CORP	$30.0M	230,249
GEODE CAPITAL MANAGEMENT, LLC	$22.4M	171,415
AQR CAPITAL MANAGEMENT LLC	$14.9M	115,495
MORGAN STANLEY	$14.2M	109,215
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$8.3M	63,500
NORTHERN TRUST CORP	$7.0M	53,805
UBS Group AG	$6.7M	50,976
Bank of New York Mellon Corp	$6.3M	48,292
JPMORGAN CHASE & CO	$5.8M	43,972

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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. FRHC is classified as a large company.

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.