Growth Metrics

Freedom Holding (FRHC) Free Cash Flow (2010 - 2025)

Freedom Holding recorded quarterly Free Cash Flow of $651.7 million in Q4 2025, up 42.81% quarter-over-quarter from $456.4 million in Q3 2025, and up 803.04% year-over-year from $72.2 million in Q4 2024.

Freedom Holding's Free Cash Flow history runs 16 years deep, the most recent figure standing at $651.7 million for Q4 2025.

  • In Q4 2025, Free Cash Flow rose 803.04% year-over-year to $651.7 million; the TTM figure through Dec 2025 stood at $2.9 billion (up 382.73% YoY), while the FY2025 annual figure was $1.6 billion, up 243.1% from the prior year.
  • Free Cash Flow came in at $651.7 million for Q4 2025 at Freedom Holding, up from $456.4 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.3 billion in Q1 2025 to a low of -$924.8 million in Q2 2023.
  • A 5-year average of $28.0 million and a median of -$51.8 million in 2021 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow plunged 979.33% in 2021 and jumped 803.04% in 2025, its largest moves.
  • Freedom Holding's Free Cash Flow stood at -$659.8 million in 2021, then jumped by 31.34% to -$453.0 million in 2022, then surged by 91.5% to -$38.5 million in 2023, then tumbled by 140.84% to -$92.7 million in 2024, then surged by 803.04% to $651.7 million in 2025.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $651.7 million, $456.4 million, and $450.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Freedom Holding 8.88 Bn 8.01 Bn 603.27 Mn 651.73 Mn
2 Voya Financial 7.67 Bn 9.49 Bn 1.47 Bn -676.00 Mn
3 Hilltop Holdings 2.21 Bn 2.24 Bn -2.46 Mn -133.90 Mn
4 LendingTree 507.89 Mn 422.38 Mn 88.70 Mn 8.78 Mn
5 BRC Group Holdings 323.63 Mn 380.44 Mn 319.70 Mn 37.09 Mn
6 Orix - - 5.07 Bn 11.89 Bn

Historic Data

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DateValue
Dec 31, 2025 651.73 Mn
Dec 31, 2025 651.73 Mn
Sep 30, 2025 456.35 Mn
Sep 30, 2025 456.35 Mn
Jun 30, 2025 450.04 Mn
Jun 30, 2025 450.04 Mn
Mar 31, 2025 1.30 Bn
Mar 31, 2025 1.30 Bn
Dec 31, 2024 -92.70 Mn
Dec 31, 2024 -92.70 Mn
Sep 30, 2024 -447.46 Mn
Sep 30, 2024 -447.46 Mn
Jun 30, 2024 829.89 Mn
Jun 30, 2024 829.89 Mn
Mar 31, 2024 301.51 Mn
Mar 31, 2024 301.51 Mn
Dec 31, 2023 -38.49 Mn
Dec 31, 2023 -38.49 Mn
Sep 30, 2023 -446.32 Mn
Sep 30, 2023 -446.32 Mn
Jun 30, 2023 -924.82 Mn
Jun 30, 2023 -924.82 Mn
Mar 31, 2023 -464.92 Mn
Mar 31, 2023 -464.92 Mn
Dec 31, 2022 -453.02 Mn
Dec 31, 2022 -453.02 Mn
Sep 30, 2022 198.04 Mn
Sep 30, 2022 198.04 Mn
Jun 30, 2022 -270.32 Mn
Jun 30, 2022 -270.32 Mn
Mar 31, 2022 229.73 Mn
Mar 31, 2022 229.73 Mn
Dec 31, 2021 -659.78 Mn
Dec 31, 2021 -659.78 Mn
Sep 30, 2021 83.16 Mn
Sep 30, 2021 83.16 Mn
Jun 30, 2021 -65.09 Mn
Jun 30, 2021 -65.09 Mn
Mar 31, 2021 -73.63 Mn
Mar 31, 2021 -73.63 Mn
Sep 30, 2020 -394.33 Mn
Sep 30, 2020 -394.33 Mn
Jun 30, 2020 689.24 Mn
Jun 30, 2020 689.24 Mn
Mar 31, 2020 8.37 Mn
Mar 31, 2020 8.37 Mn
Dec 31, 2019 11.65 Mn
Dec 31, 2019 11.65 Mn
Sep 30, 2019 -52.24 Mn
Sep 30, 2019 -52.24 Mn
Jun 30, 2019 112.85 Mn
Jun 30, 2019 112.85 Mn
Mar 31, 2019 11.92 Mn
Mar 31, 2019 11.92 Mn
Dec 31, 2018 -17,000.00
Dec 31, 2018 -17,000.00
Sep 30, 2018 40.64 Mn
Sep 30, 2018 40.64 Mn
Jun 30, 2018 943,000.00
Jun 30, 2018 943,000.00
Mar 31, 2018 -27.83 Mn
Mar 31, 2018 -27.83 Mn
Dec 31, 2017 -112.03 Mn
Dec 31, 2017 -112.03 Mn
Sep 30, 2017 12.33 Mn
Sep 30, 2017 12.33 Mn
Jun 30, 2017 8.34 Mn
Jun 30, 2017 8.34 Mn
Mar 31, 2017 11.18 Mn
Mar 31, 2017 11.18 Mn
Dec 31, 2016 -6.72 Mn
Dec 31, 2016 -6.72 Mn
Sep 30, 2016 -1.94 Mn
Sep 30, 2016 -1.94 Mn
Jun 30, 2016 2.17 Mn
Jun 30, 2016 2.17 Mn
Mar 31, 2016 -134,873.00
Mar 31, 2016 -134,873.00
Dec 31, 2015 -115,199.00
Dec 31, 2015 -115,199.00
Sep 30, 2015 -162,597.00
Sep 30, 2015 -162,597.00
Jun 30, 2015 -126,159.00
Jun 30, 2015 -126,159.00
Mar 31, 2015 -97,282.00
Mar 31, 2015 -97,282.00
Sep 30, 2014 -232.00
Sep 30, 2014 -232.00
Jun 30, 2014 -1,361.00
Jun 30, 2014 -1,361.00
Mar 31, 2014 -10,891.00
Mar 31, 2014 -10,891.00
Dec 31, 2013 -509,095.00
Dec 31, 2013 -509,095.00
Sep 30, 2013 -845,712.00
Sep 30, 2013 -845,712.00
Jun 30, 2013 -437,288.00
Jun 30, 2013 -437,288.00
Mar 31, 2013 -158,427.00
Mar 31, 2013 -158,427.00
Dec 31, 2012 -5.24 Mn
Dec 31, 2012 -5.24 Mn
Sep 30, 2012 -259,593.00
Sep 30, 2012 -259,593.00
Jun 30, 2012 -110,691.00
Jun 30, 2012 -110,691.00
Mar 31, 2012 30.68 Mn
Mar 31, 2012 30.68 Mn
Dec 31, 2011 -36.14 Mn
Dec 31, 2011 -36.14 Mn
Sep 30, 2011 7.24 Mn
Sep 30, 2011 7.24 Mn
Jun 30, 2011 13.34 Mn
Jun 30, 2011 13.34 Mn
Mar 31, 2011 -3.42 Mn
Mar 31, 2011 -3.42 Mn
Dec 31, 2010 -1.48 Mn
Dec 31, 2010 -1.48 Mn
Sep 30, 2010 -13.06 Mn
Sep 30, 2010 -13.06 Mn
Jun 30, 2010 9.38 Mn
Jun 30, 2010 9.38 Mn