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Freedom Holding (FRHC) Cost of Revenue (2021 - 2025)

Freedom Holding's Cost of Revenue history spans 4 years, with the latest figure at $25.3 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 170.0% year-over-year to $25.3 million; the TTM value through Dec 2025 reached $66.8 million, down 3.97%, while the annual FY2025 figure was $31.3 million, N/A changed from the prior year.
  • Cost of Revenue for Q4 2025 was $25.3 million at Freedom Holding, up from $15.1 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $50.6 million in Q4 2022 and bottomed at -$16.8 million in Q1 2021.
  • The 4-year median for Cost of Revenue is $15.1 million (2025), against an average of $19.0 million.
  • The largest YoY upside for Cost of Revenue was 249.28% in 2022 against a maximum downside of 14.3% in 2022.
  • A 4-year view of Cost of Revenue shows it stood at $31.6 million in 2021, then skyrocketed by 60.25% to $50.6 million in 2022, then tumbled by 81.45% to $9.4 million in 2024, then soared by 170.0% to $25.3 million in 2025.
  • Per Business Quant, the three most recent readings for FRHC's Cost of Revenue are $25.3 million (Q4 2025), $15.1 million (Q3 2025), and $13.9 million (Q2 2025).