Freedom Holding Corp. (FRHC)

In the past six months, Freedom Holding Corp.'s stock price has experienced fluctuations. As of February 6, 2026, the closing price was $122.76. Key events impacting the stock include the Q2 FY2026 earnings release, plans to build a $2 billion Sovereign AI Hub in Kazakhstan, the publication of the 2025 Sustainability Report, sponsorship of the Financial Times Global Banking Summit, and a subsidiary securing Financial Services Permission from Abu Dhabi Global Market. The stock experienced a pullback of approximately 31% from its off-high, which some analysts viewed as a buying opportunity.

Information regarding specific demand seasonality for Freedom Holding Corp.'s products and services is not explicitly detailed. However, Kazakhstan's service sector saw a return to growth in business activity in January 2026, suggesting general economic fluctuations may affect demand, but specific seasonal patterns for FRHC's services are not clearly outlined.

Freedom Holding Corp. is a diversified financial services company operating in the securities industry across Central Asia, Europe, and the United States. The company is segmented into Brokerage, Banking, Insurance, and Other services. The Brokerage segment focuses on various investment services and provides access to trading on major international exchanges. The Banking segment, through Freedom Bank KZ, offers retail and commercial banking services with a focus on digital financial solutions. The Insurance segment provides life and general insurance services. The Other segment includes payment processing, online ticketing, telecommunications, media services, an online supermarket, and online air ticket and travel services.

Freedom Holding Corp. has a significant international presence, operating in 22 countries as of the end of 2024, with its principal executive office in Almaty, Kazakhstan. The company has a presence in Kazakhstan, Ukraine, Uzbekistan, Kyrgyzstan, Cyprus, Germany, the United Kingdom, Greece, Spain, France, Poland, the United States, Turkey, Armenia, Azerbaijan, and the United Arab Emirates. In February 2023, FRHC divested its Russian subsidiaries.

Freedom Holding Corp.'s brand reputation was impacted by a report published by Hindenburg Research in August 2023, which led to an external review of the allegations. S&P Global Ratings affirmed "B+/B" ratings for Freedom's core subsidiaries in June 2025 and revised their outlook to "Positive," citing strengthened risk management. Freedom Insurance has also received "B+" and "kzBBB" ratings from S&P Global Ratings, with a "Stable" outlook.

Freedom Holding Corp. has 222 institutional owners and shareholders holding a total of 2,884,990 shares, including major institutional shareholders such as BlackRock, Inc. and State Street Corp. The company's CEO, Timur Turlov, is the largest shareholder, holding 71% of outstanding shares.