Filing Flows › Freedom Holding (FRHC) › Q4 FY25
Freedom Holding (FRHC) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jun 13, 2025
Freedom Holding (FRHC) reported revenue of $298M for the fourth quarter fiscal 2025 (Q4 FY25), -37% from a year earlier and -55% from the quarter before. Operating margin was -54.9%, net loss $142M (47.7% of revenue).
Freedom Holding, Q4 FY25: revenue $298M (-37% year over year), operating margin -54.9%, net loss $142M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | -55% | -37% |
| Operating profit | −$164M | -267% | — |
| Net earnings | −$142M | -282% | — |
| Operating cash flow | $1.3B | — | +333% |
| Free cash flow | $1.3B | — | +325% |
What changed
Revenue was $298.4M in Q4 FY25, down 37% year over year and down 55% from the previous quarter.
Operating costs exceeded revenue by $163.8M, an operating margin of -54.9%. Total costs grew 25% against a revenue fall of 37%. The fastest-growing cost line was Other operating costs (+35%). The quarter ended with a net loss of $142.4M, after a profit of $78.1M the previous quarter.
Operating cash flow was $1,337.7M (up 333% year over year). Non-cash charges added back $4.4M of depreciation and amortization and $23.5M of share-based compensation. Working capital and other items added $1,452.2M. Capital expenditures of $27.3M left free cash flow of $1,310.4M.
Questions
What was Freedom Holding's revenue in the fourth quarter fiscal 2025?
Freedom Holding (FRHC) reported revenue of $298M for the fourth quarter fiscal 2025 (Q4 FY25), -37% from a year earlier and -55% from the quarter before.
Was Freedom Holding profitable in the fourth quarter fiscal 2025?
Operating loss was $164M (-54.9% of revenue) and net loss $142M.
Source: Freedom Holding 10-K on SEC EDGAR.