Growth Metrics

Freedom Holding (FRHC) EBITDA (2010 - 2025)

Freedom Holding recorded quarterly EBITDA of $158.9 million in Q4 2025, up 781.16% quarter-over-quarter from -$23.3 million in Q3 2025, and up 1218.48% year-over-year from $12.1 million in Q4 2024.

Freedom Holding's EBITDA history runs 16 years deep, the most recent figure standing at $158.9 million for Q4 2025.

  • In Q4 2025, EBITDA rose 1218.48% year-over-year to $158.9 million; the TTM figure through Dec 2025 stood at -$373.2 million (down 225.8% YoY), while the FY2025 annual figure was -$1.9 billion, down 561.61% from the prior year.
  • EBITDA came in at $158.9 million for Q4 2025 at Freedom Holding, up from -$23.3 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $239.9 million in Q1 2024 to a low of -$602.2 million in Q1 2023.
  • A 5-year average of $5.7 million and a median of $53.4 million in 2021 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA plunged 5334.63% in 2023 and soared 1218.48% in 2025, its largest moves.
  • Freedom Holding's EBITDA stood at $43.9 million in 2021, then grew by 29.98% to $57.1 million in 2022, then soared by 116.95% to $123.8 million in 2023, then tumbled by 111.48% to -$14.2 million in 2024, then jumped by 1218.48% to $158.9 million in 2025.
  • According to Business Quant data, EBITDA over the past three periods registered $158.9 million, -$23.3 million, and -$8.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Freedom Holding 8.88 Bn 8.01 Bn 603.27 Mn 158.94 Mn
2 Voya Financial 7.67 Bn 9.49 Bn 1.47 Bn 569.00 Mn
3 Hilltop Holdings 2.21 Bn 2.24 Bn -2.46 Mn -250.76 Mn
4 LendingTree 507.89 Mn 422.38 Mn 88.70 Mn 35.30 Mn
5 BRC Group Holdings 323.63 Mn 380.44 Mn 319.70 Mn 152.93 Mn
6 Orix - - 5.07 Bn 573.66 Mn

Historic Data

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DateValue
Dec 31, 2025 158.94 Mn
Sep 30, 2025 -23.33 Mn
Jun 30, 2025 -8.24 Mn
Mar 31, 2025 -500.60 Mn
Dec 31, 2024 -14.21 Mn
Sep 30, 2024 99.01 Mn
Jun 30, 2024 -28.06 Mn
Mar 31, 2024 239.95 Mn
Dec 31, 2023 123.78 Mn
Sep 30, 2023 87.41 Mn
Jun 30, 2023 67.44 Mn
Mar 31, 2023 -602.16 Mn
Dec 31, 2022 57.06 Mn
Sep 30, 2022 10.36 Mn
Jun 30, 2022 84.52 Mn
Mar 31, 2022 -11.08 Mn
Dec 31, 2021 43.90 Mn
Sep 30, 2021 219.32 Mn
Jun 30, 2021 59.35 Mn
Mar 31, 2021 49.72 Mn
Sep 30, 2020 32.85 Mn
Jun 30, 2020 32.63 Mn
Mar 31, 2020 -13.54 Mn
Dec 31, 2019 7.88 Mn
Sep 30, 2019 6.59 Mn
Jun 30, 2019 8.86 Mn
Mar 31, 2019 5.19 Mn
Dec 31, 2018 3.30 Mn
Sep 30, 2018 -3.81 Mn
Jun 30, 2018 -13.56 Mn
Mar 31, 2018 -41,000.00
Dec 31, 2017 1.09 Mn
Sep 30, 2017 36.44 Mn
Jun 30, 2017 5.76 Mn
Mar 31, 2017 -208,000.00
Dec 31, 2016 -395,000.00
Sep 30, 2016 2.78 Mn
Jun 30, 2016 -208,000.00
Mar 31, 2016 -107,276.00
Dec 31, 2015 -102,595.00
Sep 30, 2015 -133,298.00
Jun 30, 2015 -150,666.00
Mar 31, 2015 -138,296.00
Dec 31, 2014 -77,822.00
Sep 30, 2014 -15,853.00
Jun 30, 2014 -30,328.00
Mar 31, 2014 -51,089.00
Dec 31, 2013 -389,578.00
Sep 30, 2013 -604,087.00
Jun 30, 2013 -543,946.00
Mar 31, 2013 -524,909.00
Dec 31, 2012 -788,886.00
Sep 30, 2012 -1.04 Mn
Jun 30, 2012 -761,058.00
Mar 31, 2012 -376,292.00
Dec 31, 2011 -313,265.00
Sep 30, 2011 -18.96 Mn
Jun 30, 2011 -4.32 Mn
Mar 31, 2011 -5.15 Mn
Dec 31, 2010 -4.10 Mn
Sep 30, 2010 -3.77 Mn
Jun 30, 2010 -3.08 Mn