Filing Flows › Freedom Holding (FRHC) › Q1 FY27
Freedom Holding (FRHC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 10, 2026
Freedom Holding (FRHC) reported revenue of $733M for the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier and +46% from the quarter before. Operating margin was 5.6%, net earnings $31.7M (4.3% of revenue).
Freedom Holding, Q1 FY27: revenue $733M (+40% year over year), operating margin 5.6%, net earnings $31.7M, operating cash flow −$342M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $733M | +46% | +40% |
| Operating profit | $40.8M | +32% | -14% |
| Net earnings | $31.7M | +297% | -15% |
| Operating cash flow | −$342M | — | -171% |
What changed
Revenue was $732.5M in Q1 FY27, up 40% year over year and up 46% from the previous quarter. Brokerage was the largest line at 39% of revenue. Brokerage added $106.3M year over year (up 60%), 51% of the total change. Insurance declined 8%.
Operating profit was $40.8M, a 5.6% margin (down 3.5 points year over year). Operating profit fell $6.6M even though revenue rose $208.5M versus Q1 FY26, so costs grew faster than sales. Total costs grew 45% against revenue growth of 40%. The fastest-growing cost line was Cost of revenue (+153%). Net earnings were $31.7M, down 15% year over year. The effective tax rate was 22.5%.
Operating cash flow was −$341.6M. Non-cash charges added back $9.9M of depreciation and amortization and $23.2M of share-based compensation. Working capital and other items used $406.4M. Capital expenditures of $79.1M exceeded it, leaving free cash flow of −$420.8M.
Questions
What was Freedom Holding's revenue in the first quarter fiscal 2027?
Freedom Holding (FRHC) reported revenue of $733M for the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier and +46% from the quarter before.
Was Freedom Holding profitable in the first quarter fiscal 2027?
Operating profit was $40.8M (5.6% of revenue) and net earnings $31.7M.
Source: Freedom Holding 10-Q on SEC EDGAR.