FRHC Freedom Holding Corp.

XNAS 169.65 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

FRHC $169.65 —
Key stats
$169.65
52-Week Range
$107.97 – $178.00
YTD
+36.56%
IV Rank (30D)
43.97
Straddle Price
$21.15
P/C Vol Ratio
1.66
Market Cap
$10.6B
Open
$168.50
Day Range
$167.70 – $169.73
Volume
54,156
Prev Close
$166.70
Fair Value
MODEL: SHORT

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.27%
Beta vs SPY1.01
Cost of Equity (CAPM)10.80% (VRP-adj)
WACC9.80%
Volatility Risk Premium+18.8pp (IV − HV30), ERP adj +50bps
Effective Tax Rate31.7%
Rev. Growth (YoY, DCF input)-10.0%
DCF Horizon5 years explicit + fade
Free Cash Flow (TTM)$-0.9B
Return on Equity (TTM)10.1%
Book / Price15.1%
Gross Margin (TTM)91.4%
FCF Margin (TTM)-75.6%
Debt / Equity0.96
Quality Score1/6 — cyclical/struggling (5y DCF)
SMA 50$163.68 (Market Anchor value)
SMA 20 / Bollinger Mid$169.95
Bollinger Width / SMA206.1% (drives anchor stability)
Net Debt$0.1B
Market Cap$10B
Peers used for multiples: BAC, C, GS, HOOD, JPM, MS, SCHW, WFC
60-Day Conviction
94%
20-Day Fair Value
≈ by Nov 9, 2026
$166.04
α -2.1% rank 19%
conviction
92%
40-Day Fair Value
≈ by Dec 8, 2026
$165.64
α -2.4% rank 19%
conviction
65%
60-Day Fair Value
≈ by Jan 6, 2027
$161.34
α -4.9% rank 19%
conviction
94%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E $33.84 8% median 13.4× · 8 peers
Peer EV/EBITDA n/a 0% median 19.2× · 8 peers
Peer P/B $55.72 8% median 2.2× · 8 peers
Peer P/S $40.46 8% median 2.1× · 8 peers
Market Anchor (SMA50) $163.68 51% stability 100% (BB-width)
Options Expected (B-L 30d) $167.55 26% 21 strikes · skew +0.57
As of 2026-10-09 · updated
About
Industry (SIC)
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES (6211)
Exchange
XNAS
Market Cap
$10.6B
Employees
12,100
List Date
1994-08-31
CIK
0000924805
Next Earnings
2026-11-06
Headquarters
New York, Ny, NY
Homepage
https://www.freedomholdingcorp.com

Freedom Holding Corp is a holding company with reportable segments into the following four segments: Brokerage, Banking, Insurance, and Other. The majority of revenue is from the Banking segment. Banking segment consists of the operations of Freedom Bank KZ and Freedom Bank TJ. Geographically, operates in Kazakhstan, Armenia, Cyprus, the USA, and others, with maximum revenue from Kazakhstan.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.22%-8.67%11.69%2.87%5.70%-0.43%1.90%
Feb4.19%-4.61%10.91%-6.39%4.39%-2.08%1.07%
Mar-4.80%-1.83%-0.32%-7.00%-9.39%15.58%-1.29%
Apr-11.18%-20.46%7.24%-2.84%6.98%1.35%-3.15%
May3.19%-10.57%7.35%14.39%16.95%5.71%6.17%
Jun23.62%0.80%-1.00%-0.72%-9.05%-13.29%0.06%
Jul-3.87%20.59%-2.27%14.15%30.91%-2.66%9.47%
Aug2.11%10.05%22.23%11.00%-6.18%14.57%8.96%
Sep-2.41%-14.02%-15.77%6.27%-1.23%-2.66%-4.97%
Oct5.56%7.52%-2.75%12.30%-7.61%-2.17%*2.14%
Nov-0.58%14.83%-3.34%11.67%-11.67%--2.18%
Dec5.82%-8.00%-2.28%9.39%-8.96%---0.81%
Total19.82%-20.52%30.07%82.53%2.54%11.18%20.94%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $170.16
SMA 50: $163.97
SMA 200: $145.39
Current: $169.65
EMA 12: $170.99
EMA 26: $169.07
MACD: 1.9224 | Signal: -0.6283
BULLISH
ADX (14): 15.37
RANGE
+DI: 15.13
−DI: 20.24

Momentum Oscillators

RSI (14): 50.95
NEUTRAL
Stoch %K: 52.26
Stoch %D: 62.90
Williams %R: -52.22

Volume & Volatility

BB Upper: $178.68
BB Lower: $161.64
NEUTRAL
OBV: 3,582,383
Vol SMA 20: 97,442
Vol ROC: -40.74%
ATR: $6.03
True Range: $3.03
HV 20: 36.8%
HV 30: 33.8%
HV 60: 44.0%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis

LLM Stock Analysis Report

SYMBOL: FRHC

Executive Summary Overall Assessment: NEUTRAL (confidence level 6/10)

Key drivers:

  • Technical signals indicate a bearish momentum, but recent news headlines are absent.
  • High volatility suggests increased risk, and beta is above the market average.

Primary risks:

  1. Bearish momentum may continue if technical signals do not improve.
  2. High volatility increases the potential for unexpected moves.

Investment thesis: FRHC's recent price action has been impacted by bearish momentum indicators, while high volatility raises concerns about potential losses.

Recent news sentiment impact: Absence of recent news headlines makes it difficult to assess any significant market-moving factors.

Technical Analysis

  • Trend Direction: Short-term downtrend, medium-term neutral, long-term uptrend
  • Support/Resistance Levels: SMA 50 ($170.36), Bollinger Band Lower ($163.39)
  • Momentum Signals:
    • RSI interpretation: Neutral (41.87) with no clear buy or sell signal.
    • MACD signal: Bearish (-0.92 / -0.57 / -0.35).
    • Bollinger Bands position: Oversold, indicating a potential reversal.
  • Volume Analysis: Volume is decreasing, suggesting a lack of institutional interest.

News & Sentiment Analysis

  • Recent Headlines Summary: No recent news headlines available.
  • Sentiment Assessment: Neutral (no significant news sentiment).
  • Catalyst Identification: None identified.
  • Market Narrative: Absence of recent news makes it difficult to assess any market-moving factors.

Risk & Volatility Assessment

  • Beta Interpretation: High risk relative to the market (beta 1.26).
  • Volatility Regime: High volatility, with an IV rank indicating historically low volatility.
  • Options Market Signals:
    • IV rank: Low (20.6%).
    • Put/Call volume ratio: Bullish (0.20).
    • Open interest and put/call OI ratio indicate a neutral market expectation.
  • Downside Protection: SMA 50 ($170.36) and Bollinger Band Lower ($163.39) serve as support levels.

Market Context & Positioning

  • Sector Performance: FRHC's performance is relative to its sector/market.
  • Institutional Activity: Decreasing volume suggests a lack of institutional interest.
  • Correlation Analysis: Correlation with the market is moderate (0.57).
  • Relative Valuation: FRHC's price is within its trading range.

Key Levels & Action Items

  • Critical Price Levels: SMA 50 ($170.36), Bollinger Band Lower ($163.39)
  • Breakout/Breakdown Levels: SMA 20 ($169.45) and SMA 200 ($153.23)
  • Time-Sensitive Catalysts: Next earnings announcement (2025-11-06)
  • Risk Management: Stop-loss levels at SMA 50 ($170.36) and Bollinger Band Lower ($163.39)

Conclusion:

FRHC's recent price action has been impacted by bearish momentum indicators, while high volatility raises concerns about potential losses. The absence of recent news headlines makes it difficult to assess any significant market-moving factors. A neutral market expectation is indicated by options market signals. It is essential to consider risk management strategies when trading this stock.

Recommendations:

  1. Monitor technical signals for signs of a reversal or a potential breakout.
  2. Keep an eye on upcoming earnings announcements and news headlines that may impact the stock's price action.
  3. Consider using stop-loss levels at SMA 50 ($170.36) and Bollinger Band Lower ($163.39) to manage risk.

Confidence Level: 6/10

Generated
News
All FRHC news →
Earnings History
1 of 1 under expected move
Avg Expected Move
3.97%
Avg Actual Move
2.39%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2024-02-13 Pre-Market 3.97% 2.39% 0.60x Within

Earnings calendar: this week’s reports with expected vs actual moves →

FRHC Options Activity & IV Rank

FRHC IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 45.8%
7-DTE IV: 41.2%
Expected Move: $21.15
7-DTE Move: $7.80
Days to Exp: 42 (2026-11-20)

Options Flow

Call Volume: 98
Put Volume: 163
P/C Volume: 1.663
BEARISH
Call OI: 333
Put OI: 431
P/C OI: 1.294
Total OI: 764

ATM Options Pricing

ATM Call: $8.95
ATM Put: $12.20
Call %: 5.3%
Put %: 7.2%

Chain Summary

Chain Volume: 946
Chain OI: 9,835
Last Updated: 10/9/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 90th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
90%
vs own history
GEX tilt
+0.27
OI-weighted, today
Vanna tilt
+0.52
δ-sensitivity to IV
Charm tilt
-0.58
δ-decay vs time
Vanna tilt +0.52: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.58: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 38 ATM contracts, 3k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 9 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 9 · No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)35.6MediumOct 9
IV Rank (30 DTE)44.0MediumOct 9
Straddle Price (30 DTE)$21.15Oct 9
Beta Analysis

Risk Metrics

Beta: 1.0623
Alpha: -6.85%
Correlation: 0.2981
R-Squared: 8.9%
Stock Volatility: 46.5%
Market Volatility: 13.0%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own FRHC
4 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Millennium Management Hedge fund
Izzy Englander
$3.4M
0.00%
#2281 of 3717-56.7%13F
Renaissance Technologies Hedge fund
Jim Simons
$796K
0.00%
#2418 of 3138new13F
Point72 Hedge fund
Steve Cohen
$617K
0.00%
#1601 of 1946new13F
Rockefeller Capital Management Family office
Rockefeller family
$12K
0.00%
#3942 of 4729+139.5%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

FRHC Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 61,170,971 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

152 filers2,323,589 shares$302.87M value3.80% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 597,074 $77.90M 25.72% 0.98% 2026-06-30
2 State Street Corp 230,249 $30.04M 9.92% 0.38% 2026-06-30
3 Geode Capital Management, LLC Custodian 171,415 $22.36M 7.38% 0.28% 2026-06-30
4 AQR Capital Management, LLC Custodian 115,495 $14.93M 4.93% 0.19% 2026-06-30
5 Morgan Stanley Custodian 109,215 $14.25M 4.70% 0.18% 2026-06-30
6 Vanguard Group Inc Custodian 68,813 $8.37M 2.76% 0.11% 2025-12-31
7 Northern Trust Corp Custodian 53,805 $7.02M 2.32% 0.09% 2026-06-30
8 UBS Group AG Custodian 50,976 $6.65M 2.20% 0.08% 2026-06-30
9 Bank of New York Mellon Corp Custodian 48,292 $6.30M 2.08% 0.08% 2026-06-30
10 JPMorgan Chase & Co Custodian 43,972 $5.81M 1.92% 0.07% 2026-06-30
11 Bank of America Corp Custodian 42,745 $5.58M 1.84% 0.07% 2026-06-30
12 BNP Paribas Financial Markets Custodian 38,046 $4.96M 1.64% 0.06% 2026-06-30
13 Swiss National Bank 36,900 $4.81M 1.59% 0.06% 2026-06-30
14 Nuveen, LLC Custodian 35,808 $4.67M 1.54% 0.06% 2026-06-30
15 Vanguard Portfolio Management LLC 34,851 $4.55M 1.50% 0.06% 2026-06-30
16 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 32,362 $4.22M 1.39% 0.05% 2026-06-30
17 Quantinno Capital Management LP 31,144 $4.06M 1.34% 0.05% 2026-06-30
18 Barclays PLC Custodian 27,522 $3.59M 1.19% 0.04% 2026-06-30
19 Quadrature Capital Ltd 26,449 $3.45M 1.14% 0.04% 2026-06-30
20 Millennium Management LLC Custodian 26,000 $3.39M 1.12% 0.04% 2026-06-30
21 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 25,221 $3.29M 1.09% 0.04% 2026-06-30
22 HSBC Holdings plc Custodian 24,249 $3.11M 1.03% 0.04% 2026-06-30
23 Jump Financial, LLC 22,700 $2.96M 0.98% 0.04% 2026-06-30
24 Odyssean, LLC 21,511 $2.81M 0.93% 0.04% 2026-06-30
25 Goldman Sachs Group Inc Custodian 18,669 $2.44M 0.80% 0.03% 2026-06-30
5 filers$14.61M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $8.28M 56.72% 2026-06-30
2 Citadel Advisors LLC Custodian $3.35M 22.96% 2026-06-30
3 Jane Street Group, LLC Custodian $2.31M 15.81% 2026-06-30
4 Wolverine Trading, LLC Custodian $397.83K 2.72% 2025-09-30
5 Walleye Trading LLC $260.94K 1.79% 2026-06-30
8 filers$14.66M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $4.92M 33.55% 2026-06-30
2 Jane Street Group, LLC Custodian $2.87M 19.58% 2026-06-30
3 IMC-Chicago, LLC Custodian $2.53M 17.26% 2026-06-30
4 Wolverine Trading, LLC Custodian $2.11M 14.39% 2025-09-30
5 Citadel Advisors LLC Custodian $1.87M 12.73% 2026-06-30
6 Simplex Trading, LLC Custodian $182.66K 1.25% 2026-06-30
7 Walleye Trading LLC $143.52K 0.98% 2026-06-30
8 GROUP ONE TRADING LLC Custodian $39.14K 0.27% 2026-06-30

FRHC Insider Trading (Form 4)

Latest: 2026-09-18
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-18 Timur R Turlov CEO Gift (G) −1,000,000 — EDGAR
2026-09-18 Askar Tashtitov President Gift (G) +1,000,000 — EDGAR
2026-09-01 Evgeny Ler Special Advisor to CEO Sell (S) −20,000 $158.63 -$3.17M EDGAR
2026-09-01 Azamat Yerdessov Freedom Life Chief Exec. Ofc. Sell (S) −3,000 $173.30 -$519.9K EDGAR
2026-08-28 Valeriy Kim Chief Financial Officer Sell (S) −5,000 $169.31 -$846.5K EDGAR
2026-08-21 Evgeny Ler Chief Financial Officer Sell (S) −20,000 $158.63 -$3.17M EDGAR
2026-08-14 Renat Tukanov CHIEF TECHNOLOGY OFFICER Sell (S) −2,700 $151.25 -$408.4K EDGAR
2026-07-22 Boris Cherdabayev Director Mixed +798 $135.84 -$86.4K EDGAR
2026-06-24 Andrew Gamble Director Sell (S) −357 $141.04 -$50.4K EDGAR
2026-06-24 Renat Tukanov CHIEF TECHNOLOGY OFFICER Sell (S) −1,800 $140.82 -$253.5K EDGAR
2026-06-15 Andrew Gamble Director Award (A) +677 — EDGAR
2026-06-15 Amber Williams Director Award (A) +677 — EDGAR
2026-06-15 Philippe J.R. Vogeleer Director Award (A) +677 — EDGAR
2026-06-08 Azamat Yerdessov Freedom Life Chief Exec. Ofc. Sell (S) −16,800 $155.48 -$2.61M EDGAR
2026-06-01 Azamat Yerdessov Freedom Life Chief Exec. Ofc. Award (A) +83,749 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

FRHC Insider Holdings

15 insiders · @ $169.65
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Timur R Turlov CEO 41,405,112 $7.02B $0 1 2026-09-18
2 Askar Tashtitov President 1,142,899 $193.89M $481.4K 6 2026-09-18
3 Azamat Yerdessov Freedom Life Chief Exec. Ofc. 225,942 $38.33M -$5.52M 7 2026-09-01
4 Sergey Lukyanov *See Remarks 152,425 $25.86M $1.42M 7 2026-02-27
5 Aidos Zhumagulov *See Remarks 144,486 $24.51M -$1.08M 2 2025-05-13
6 Kairat Bakibayevich Akhmetov see below* 133,900 $22.72M -$734.3K 1 2024-12-03
7 Robert Wotczak Pres & CEO - Prime Executions 58,000 $9.84M -$4.07M 5 2025-02-20
8 Valeriy Kim Chief Financial Officer 47,400 $8.04M -$846.5K 1 2026-08-28
9 Evgeny Ler Special Advisor to CEO 19,077 $3.24M -$90.17M 11 2026-09-01
10 Renat Tukanov CHIEF TECHNOLOGY OFFICER 7,500 $1.27M -$2.05M 7 2026-08-14
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

FRHC Proposed Insider Sales (Form 144)

Latest: 2026-08-28
Last 30d: 0 filings  ·  Last 90d: 6 filings · $5.5M notice value · 5 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Ler Evgeny (1, $3.2M) · Kim Valeriy (1, $855K) · Zhumagulov Aidos (1, $844K) · Yerdessov Azamat (1, $512K) · CHERDABAYEV BORIS (2, $87K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-28 Yerdessov Azamat Freedom Life Chief Exec. Ofc. 3,000 $512.0K 2026-08-28 Freedom Finance Global PLC — EDGAR
2026-08-27 Kim Valeriy Chief Financial Officer 5,000 $855.1K 2026-08-28 Freedom Finance Global PLC — EDGAR
2026-08-21 Zhumagulov Aidos BoD Member, Freedom Bank KZ & Advisor, Dev & Intl 5,000 $844.0K 2026-08-21 Freedom Finance Global PLC — EDGAR
2026-08-20 Ler Evgeny Former Chief Financial Officer of the Corporation 20,000 $3.22M 2026-08-19 Freedom Finance Global PLC — EDGAR
2026-07-22 CHERDABAYEV BORIS Director 186 $23.2K 2025-12-29 Turlov Family Office Securities — EDGAR
2026-07-22 CHERDABAYEV BORIS Director 450 $63.5K 2025-11-04 Turlov Family Office Securities — EDGAR
2026-06-22 Gamble Andrew Director 357 $51.3K 2026-06-22 Schroder & Co. Inc. — EDGAR
2026-06-11 Tukanov Renat Officer 4,500 $642.9K 2026-06-11 Freedom Finance Global PLC — EDGAR
2026-06-05 Yerdessov Azamat Freedom Life Chief Exec. Ofc. 25,000 $3.78M 2026-06-05 Freedom Finance Global PLC — EDGAR
2025-08-29 144/A Tukanov Renat CHIEF TECHNOLOGY OFFICER 3,006 $520.0K 2025-08-29 Freedom Finance Global PLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-01
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-04-09 0000924805-26-000009 EDGAR
2025-10-01 0000924805-25-000038 EDGAR
2024-09-23 0000924805-24-000062 EDGAR
2024-06-03 0000924805-24-000033 EDGAR
2024-02-29 0000924805-24-000020 EDGAR
2024-02-13 0000924805-24-000018 EDGAR
2024-01-25 0000924805-24-000010 EDGAR
2023-12-01 0000924805-23-000116 EDGAR
2023-11-08 0000924805-23-000110 EDGAR
2023-11-06 0000924805-23-000108 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-06-01 0000924805-26-000012 EDGAR
2025-06-13 0000924805-25-000012 EDGAR
2024-06-14 0000924805-24-000041 EDGAR
2023-08-04 0000924805-23-000076 EDGAR
2022-05-31 0000924805-22-000027 EDGAR
2021-06-15 0001654954-21-006880 EDGAR
2020-07-14 0001654954-20-007646 EDGAR
2019-06-14 0001654954-19-007343 EDGAR
2018-06-29 0001654954-18-007180 EDGAR
2017-06-30 0001654954-17-006033 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-02-09 0000924805-26-000006 EDGAR
2025-11-07 0000924805-25-000041 EDGAR
2025-08-08 0000924805-25-000031 EDGAR
2025-02-07 0000924805-25-000002 EDGAR
2024-11-08 0000924805-24-000068 EDGAR
2024-08-09 0000924805-24-000060 EDGAR
2024-02-09 0000924805-24-000014 EDGAR
2023-11-09 0000924805-23-000114 EDGAR
2023-10-10 0000924805-23-000104 EDGAR
2023-02-14 0000924805-23-000013 EDGAR
ETF Holders
33 ETFs hold FRHC
25 shown · $62.69M total exposure · 0.01% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 IWP iShares Russell Mid-Cap Growth ETF iShares (BlackRock) 0.08% $15.1M $20.1B 2026-10-08
2 IWR iShares Russell Mid-Cap ETF iShares (BlackRock) 0.02% $13.2M $56.8B 2026-10-08
3 IWF iShares Russell 1000 Growth ETF iShares (BlackRock) 0.01% $9.4M $130.5B 2026-10-08
4 VONG Vanguard Russell 1000 Growth ETF Vanguard 0.01% $4.4M — 2026-08-31
5 VT Vanguard Total World Stock ETF Vanguard 0.00% $2.7M — 2026-08-31
6 IWB iShares Russell 1000 ETF iShares (BlackRock) 0.00% $2.0M $49.6B 2026-10-08
7 ONEQ Fidelity Nasdaq Composite Index ETF Nport 0.02% $2.0M — 2026-11-30
8 IYF iShares U.S. Financials ETF iShares (BlackRock) 0.05% $1.9M $3.8B 2026-10-08
9 SMMD iShares Russell 2500 ETF iShares (BlackRock) 0.05% $1.9M $4.1B 2026-10-08
10 ESML iShares ESG Aware MSCI USA Small-Cap ETF iShares (BlackRock) 0.06% $1.6M $2.7B 2026-10-08
11 ISCG iShares Morningstar Small-Cap Growth ETF iShares (BlackRock) 0.11% $1.0M $966.7M 2026-10-08
12 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.00% $981,363 $82.9B 2026-10-08
13 BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Nport 0.05% $918,472 — 2026-10-31
14 IWV iShares Russell 3000 ETF iShares (BlackRock) 0.00% $804,828 $20.6B 2026-10-08
15 IWS iShares Russell Mid-Cap Value ETF iShares (BlackRock) 0.01% $787,991 $15.3B 2026-10-08
16 FNCL Fidelity MSCI Financials Index ETF Nport 0.03% $626,293 — 2026-07-31
17 EZM WisdomTree U.S. MidCap Fund Nport 0.07% $625,212 — 2027-03-31
18 EQAL Invesco Russell 1000 Equal Weight ETF Invesco 0.07% $538,941 — 2026-10-08
19 ESGV Vanguard ESG U.S. Stock ETF Vanguard 0.00% $535,057 — 2026-06-30
20 VONE Vanguard Russell 1000 ETF Vanguard 0.00% $515,229 — 2026-08-31
21 BKMC BNY Mellon US Mid Cap Core Equity ETF Nport 0.05% $307,023 — 2026-10-31
22 VONV Vanguard Russell 1000 Value ETF Vanguard 0.00% $291,567 — 2026-08-31
23 VTHR Vanguard Russell 3000 ETF Vanguard 0.00% $268,290 — 2026-08-31
24 WSML iShares MSCI World Small-Cap ETF Nport 0.02% $196,838 — 2026-08-31
25 MSML iShares Morningstar Small-Cap ETF Nport 0.04% $100,939 — 2026-04-30
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
67.06
TTM Diluted EPS
$2.53
TTM Revenue
$1.17B
TTM Net Income
$154.59M
TTM Op. Cash Flow
$-637.23M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q1 '272026-06-30$334.06M$31.66M$0.52$-341.62M
Q4 '262026-03-31$154.87M$7.98M$0.13$-1.55B
Q3 '262025-12-31$155.24M$76.23M$1.25$717.78M
Q2 '262025-09-30$526.11M$38.72M$0.63$535.28M
Q1 '262025-06-30$277.24M$37.36M$0.61$480.83M
Q4 '252025-03-31$137.09M$-151.05M$-2.50$1.34B
Q3 '252024-12-31$154.25M$78.28M$1.29$-72.76M
Q2 '252024-09-30$586.14M$114.66M$1.89$-437.99M
Q1 '252024-06-30$120.71M$34.40M$0.57$854.07M
Q4 '242024-03-31$131.34M$95.22M$1.60$308.99M
Q3 '242023-12-31$120.16M$96.37M$1.63$-21.67M
Q2 '242023-09-30$111.70M$115.85M$1.95$-437.56M
Q1 2027 • period ending 2026-06-30 • filed 2026-08-10
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
67.06
P/B
6.76
P/S
8.87
EV/EBITDA
2269.69
EV/Sales
8.97
ROE
10.1%
ROA
1.1%
Div Yield
0.00%
FCF Yield
-6.14%
Debt/Equity
0.96
Current Ratio
—
Market Cap
$10.38B
as of 2026-10-09
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
1.04M
SI % of Float
5.57%
Days to Cover
11.91
Short Vol Ratio
70.9%
Free Float
18.63M
Float %
29.2%
Short interest 2026-09-30 • Short volume 2026-10-09 • Float 2026-08-24