Freedom Holding Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.00B | $1.65B | $799.1M | $689.8M | $346.9M | $83.4M | $74.3M |
| Cost of Revenue | $79.6M | $31.3M | $17.5M | $0 | — | — | — | — |
| Gross Profit | $2.11B | $1.97B | $1.63B | $799.1M | — | — | — | — |
| Gross Margin | 96.4% | 98.4% | 98.9% | 100.0% | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $222.3M | $162.5M | $120.9M | $60.0M | $23.5M | $11.1M | — | — |
| Operating Income | $226.0M | $104.6M | $940.0M | $444.9M | $440.6M | $174.2M | $39.3M | $6.3M |
| Operating Margin | 10.3% | 5.2% | 57.1% | 55.7% | 63.9% | 50.2% | 47.1% | 8.5% |
| Interest Expense | — | — | $501.1M | $208.9M | $76.9M | $22.4M | $10.2M | $14.6M |
| Pretax Income | $226.0M | $104.6M | $438.9M | $235.9M | $363.7M | $151.8M | $29.1M | $-8.3M |
| Income Tax Expense | $72.6M | $28.4M | $60.4M | $42.8M | $38.6M | $23.3M | $4.9M | $1.4M |
| Net Income | $153.3M | $76.3M | $379.1M | $205.1M | $227.5M | $149.7M | $24.8M | $7.1M |
| Net Margin | 7.0% | 3.8% | 23.0% | 25.7% | 33.0% | 43.1% | 29.8% | 9.6% |
| EPS (Basic) | $2.56 | $1.28 | $6.43 | $3.50 | $3.84 | $2.56 | $0.43 | $0.00 |
| EPS (Diluted) | $2.51 | $1.26 | $6.39 | $3.45 | $3.84 | $2.56 | $0.43 | $0.00 |
| Shares Outstanding (Basic) | 60.0M | 59.4M | 58.96B | 58.63B | 59.38B | 58.39B | 58.16B | 58.04B |
| Shares Outstanding (Diluted) | 61.1M | 60.5M | 59.36B | 59.50B | 59.38B | 58.44B | 58.25B | 58.24B |
| Dividends Per Share | — | — | — | — | — | — | — | — |