Credit and interest ratesnegative · 6 filings
“Interest expense increased by $20.2 million, mainly attributable to an increase in interest expense from the debt securities issued by Freedom SPC.”10-Q · Aug 10, 2026 ↗
Freedom Holdings Corp.
FRHC
Market read
Freedom Holdings Corp.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.
Company+2.1% todayVolume comparison unavailable
Market group0 of 3 activeNo Coherent Theme · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Banking expenses rose as customer liabilities grew, adding $50.9 million of interest expense in the latest three months.
- Revenue rose 39.8%, and management says the increase was almost entirely volume-driven.
Invalidation: The isolated read changes if FRHC's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Banking expenses rose as customer liabilities grew, adding $50.9 million of interest expense in the latest three months.
- Revenue rose 39.8%, and management says the increase was almost entirely volume-driven.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements529
Verified relationships13
Evidence supporting the case
- Latest annual revenue changed +9.3% year over year.
- Net margin changed +3.2 percentage points in the latest annual period.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 6 filings.
- Foreign exchange has repeated adverse evidence across 6 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
166.546m+24.4%12m+0.5%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-03-31$689.8M+98.9%$3.84+1.6%
2023-03-31$799.1M+15.9%$3.45—
2024-03-31$1.6B+106.1%$6.39-0.2%
2025-03-31$2.0B+21.7%$1.26+1.9%
2026-03-31$2.2B+9.3%$2.51+1.0%
What management says matters
Persistent and emerging business drivers
Foreign exchangemixed · 6 filings
“In addition, net gain on foreign exchange operations decreased by $3.8 million year over year, which is primarily attributable to a lower foreign currency translation gain, due to a reduced appreciation of the U.S.”10-Q · Aug 10, 2026 ↗
Macroeconomic conditionsnegative · 4 filings
“The decrease in the provision during the period was primarily driven by lower provisions for mortgage loans and loans to SME, reflecting improved macroeconomic conditions and other factors that reduced the estimated probability of default across our loan port…”10-Q · Feb 9, 2026 ↗
Legal and regulatory exposurenegative · 3 filings
“The decrease was mainly attributable to a decrease of agency fee expense of $161.3 million in fiscal 2026 as compared to fiscal 2025, driven by the regulatory cap on commissions paid to insurance agents for policies associated with loan products of credit org…”10-K · Jun 1, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
166.54+2.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FRHC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for FRHC. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind FRHC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
TEOTelecom Argentina S.A.partnerFeb 9, 2026 ▾
“Our new telecommunications business in Kazakhstan is operated by Freedom Telecom, a wholly-owned subsidiary of Freedom Holding Corp., incorporated under the laws of the AIFC.”
TEOTelecom Argentina S.A.supplierJun 1, 2026 ▾
“As of March 31, 2026, advances paid primarily included prepayments related to construction and installation services, as well as purchases of equipment under contracts entered by Freedom Telecom and its subsidiaries.”
Depended on by
TLNTalen Energy CorporationinvesteeNov 5, 2025 ▾
“Freedom and Guernsey Acquisitions In July 2025, we entered into definitive agreements to acquire Caithness Energy’s 1,045 MW (summer rating) Freedom Energy Center in Pennsylvania and 1,836 MW (summer rating) Guernsey Power Station in Ohio, both gas fired comb…”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FRHC is currently a Early Follower in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.