Freedom Holding (FRHC)
Financials · Diversified financial services; retail brokerage and fintech
A Kazakhstan-headquartered financial services and fintech platform offering brokerage, lending, insurance, and emerging digital infrastructure services to retail and institutional clients across Central Asia and beyond.
What Freedom Holding does
Freedom Holding is a diversified financial services company operating a multi-asset brokerage platform, retail lending and margin lending businesses, insurance operations, and emerging fintech segments including cryptocurrency services and AI data center infrastructure. The company serves retail and institutional clients primarily in Kazakhstan and other emerging markets, generating revenue from commissions, trading gains, interest income, insurance premiums, and digital services. It is building out a digital fintech ecosystem and investing in GPU-based AI data center infrastructure as growth initiatives.
Themes: ["Retail brokerage / investing platforms","Cryptocurrency and digital assets","AI infrastructure / GPU data centers","Emerging markets financial services","Margin lending and leverage","Digital fintech ecosystem","Insurance"]
Fundamentals
- Price$160.59 as of 2026-07-09 close
- Market cap$9.8B as of 2026-07-10
- 1-year return+11.1% as of 2026-07-09 close
- P/E63.79 as of 2026-07-10
- Net margin+7.5% as of 2026-07-10
- Gross margin+72.9% as of 2026-07-10
- ROE+11.5% as of 2026-07-10
- Debt / equity1.53 as of 2026-07-10
- Revenue growth (YoY)+3.5% as of 2026-07-10
- Revenue CAGR (3y)+40.0% SEC XBRL
- Beta0.69 as of 2026-07-10
Key risks (from latest filing)
["Concentration risk: revenues concentrated in certain customers and products, with emerging market exposure to Kazakhstan and regional geopolitical instability including Russia-Ukraine conflict and Middle East tensions.","Growth and integration execution risk: rapid expansion strategy dependent on successful acquisition integration, digital fintech ecosystem buildout, and GPU/AI data center investments, none of which are proven; limited operational history in new telecom/media and AI businesses with anticipated losses.","Regulatory, sanctions, and reputational risk: CEO subject to Ukrainian sanctions; extensive U.S., EU, and UK regulatory exposure; high compliance costs; credit rating/spread sensitivity; forex volatility; technology/system disruption risk."]
Competitors & peers
- Interactive Brokers (IBKR)
- Robinhood Markets (HOOD)
- Charles Schwab (SCHW)
- E*TRADE (owned by Morgan Stanley)
- Coinbase (COIN)
- Kraken (privately held; if public competitor needed: Gemini or other crypto trading platforms)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.