Freedom Holding Corp. cash flow statement FRHC

Annual Quarterly

In fiscal 2026, which ended Mar 31, 2026, Freedom Holding Corp. generated $185.2 million of cash from operations, down 89.0% from the year before. It spent $198.8 million on capital expenditures. Free cash flow was negative, at -$13.5 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2027 Jun 30, 2026	FY 2026 Mar 31, 2026	FY 2025 Mar 31, 2025	FY 2024 Mar 31, 2024	FY 2023 Mar 31, 2023	FY 2022 Mar 31, 2022	FY 2021 Mar 31, 2021	FY 2017 Mar 31, 2017	FY 2016 Mar 31, 2016	FY 2015 Mar 31, 2015	FY 2014 Mar 31, 2014
Operating
Depreciation and amortization	—	26 +117.2%	12 +78.3%	7 +66.7%	4 +79.9%	2 +7.2%	2 +183.9%	0 +0.8%	0	0 -100.0%	0
Stock-based compensation	68 -5.3%	68 +14.2%	60 +162.3%	23 +144.5%	9 +18.2%	8 +6793.9%	0 -73.0%	—	—	—	—
Operating cash flow	-637 -148.7%	185 -89.0%	1,681 +257.9%	-1,064 -11.8%	-952 -134.2%	-406 -176.8%	529	-0 +31.5%	-1 -1439.8%	0 +102.2%	-2
Investing
Capital expenditures	252 +202.8%	199 +108.5%	95 +117.9%	44 +13.5%	39 +585.4%	6 +270.4%	2 -23.9%	0 -100.0%	0	—	—
Investing cash flow	-819 +37.8%	-1,049 -15.9%	-905 -41.9%	-638 +56.4%	-1,463 -900.0%	-146 -2405.8%	6	0 -100.0%	9	0	0
Financing
Financing cash flow	2,285 +1946.7%	1,192 +75615.1%	-2 -100.1%	1,675 -21.5%	2,133 +244.9%	619 +25.6%	493	0 +77.8%	0 +7417.1%	-0 +96.6%	-0
Change in cash
Effect of exchange rate	—	241 +276.0%	-137 -1223.8%	12 -72.1%	44 +409.1%	-14	—	—	—	—	—
Net change in cash	1,155 +603.8%	568 -10.9%	637 +3413.8%	-19 +90.5%	-203 -1880.7%	11	—	—	—	—	—
Free cash flow	-889 -172.6%	-14 -100.9%	1,586 +243.1%	-1,108 -11.9%	-990 -140.4%	-412 -178.0%	528	-0 +31.5%	-1	—	—
Per share
Free cash flow per share	-14.53 -172.0%	-0.22 -100.8%	26.21 +240.4%	-18.67 -12.2%	-16.64 -239741.5%	-0.01 -176.8%	0.01	—	—	—	—
Ratios
Free cash flow margin	-730.12%	-13.90%	3,954.24%	-67.27%	-123.91%	-59.73%	152.18%	—	—	—	—
Capital expenditures to revenue	206.64%	203.98%	237.71%	2.66%	4.82%	0.82%	0.44%	—	—	—	—
Stock-based compensation to revenue	56.05%	69.83%	148.60%	1.38%	1.16%	1.14%	0.03%	—	—	—	—
Cash conversion	-4.32x	1.21x	22.04x	-2.81x	-4.64x	-1.79x	3.54x	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Security Brokers, Dealers & Flotation Companies (SIC 6211)
Listed as: FRHC (Nasdaq)
Fiscal year ends: March 31
Incorporated in: NV
Headquarters: New York, Ny, NY
SEC filer status: Large accelerated filer
SEC CIK: 924805
Former names: BMB MUNAI INC (until Sep 5, 2017); INTERUNION FINANCIAL CORP (until Dec 16, 2003)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.