Freedom Holding Corp. (FRHC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | -1.48B | 717.78M | 535.28M | 480.83M | 1.34B | -72.76M | -437.99M | 854.07M | 308.99M | -21.67M | -437.56M | -914.13M | -485.89M | -440.38M | 240.01M | -265.42M | 234.09M | -658.48M | 196.35M | -62.39M |
| Operating CF Margin % | -317.02% | 116.6% | 100.83% | 91.61% | 300.09% | -12.62% | -86.41% | 194.38% | 63.08% | -5.02% | -103.81% | -291.63% | -212.17% | -311.69% | 137.87% | -153.83% | -1302.54% | -530.97% | 61.84% | -50.22% |
| Operating CF Growth % | -210.6% | 1086.5% | 222.21% | -43.7% | 332.94% | -235.83% | -0.1% | 193.43% | 163.59% | 95.08% | -282.3% | -244.41% | -307.56% | 33.12% | 22.24% | -325.44% | 85.93% | -286.87% | 149.87% | -109.03% |
| Net Income | 252.84M | 76.23M | 38.72M | 30.4M | -142.36M | 78.28M | 114.49M | 34.26M | 95.48M | 96.08M | 115.48M | 67.92M | 54.41M | 46.39M | 49.24M | 43.13M | -95.74M | 49.11M | 209.01M | 52.67M |
| Depreciation & Amortization | 53.06M | 8.32M | 6.27M | 6.11M | 4.45M | 4.64M | 3.91M | 4.15M | 3.51M | 4.48M | 4M | 2.61M | 1.64M | 1.69M | 942K | 875K | 575K | 518K | 1.63M | 969K |
| Stock-Based Compensation | 129.65M | 15.35M | 15.5M | 23.05M | 23.5M | 13.42M | 12.06M | 10.62M | 19.42M | 1.04M | 1.03M | 1.23M | 2.77M | 2.94M | 1.7M | 1.88M | 4.46M | 2.27M | 0 | 1.09M |
| Deferred Taxes | -30.14M | -6.67M | -6.91M | -5.46M | -12.4M | -3.69M | -2.83M | -796K | -2.25M | -261K | -1.47M | 4.78M | 2.58M | -1.63M | -861K | -902K | -13.06M | -4.94M | 0 | -1.98M |
| Other Non-Cash Items | -2.92B | -18.42M | 58.51M | 122.34M | 456.02M | 61.38M | 51.09M | 213.57M | -3.03M | 48.83M | -22.87M | -3.7M | -112.41M | -35.25M | 47.73M | 8.06M | 132.93M | -220.55M | 47.94M | -71.51M |
| Working Capital Changes | 1.03B | 642.97M | 423.2M | 304.38M | 1.01B | -226.79M | -616.71M | 592.26M | 195.86M | -171.82M | -533.73M | -986.97M | -434.88M | -454.52M | 141.27M | -318.46M | 204.92M | -484.9M | -62.24M | -43.63M |
| Change in Receivables | 239.97M | 593.01M | -672.47M | 456.22M | -1.23B | -513.66M | -399.99M | 399.99M | -670.46M | 53.05M | -509.39M | -147.37M | 17.42M | -1.86M | -177.24M | -85.16M | -134.16M | 46.85M | -178.79M | -10.74M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -334.68M | -923.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.18B | 1.76B | -472.57M | -352.4M | -208.1M | 44.27M | -26.89M | 26.89M | 632.03M | 62.87M | -15.34M | 55.05M | -168.82M | 312.1M | 1.33M | 19.16M | -5.65M | 2.17M | -101.69M | 128.26M |
| Cash from Investing | -177.37M | -256.37M | -179.04M | -505.52M | -252.84M | -429.19M | -128.75M | -94.69M | -45.19M | -142.88M | -180.63M | -269.52M | -821.92M | -318.13M | -138.93M | -184.26M | -2.59M | 25.43M | -171.64M | -7.73M |
| Capital Expenditures | -339.27M | -66.06M | -78.93M | -30.79M | -41.75M | -19.94M | -9.46M | -24.18M | -7.48M | -16.82M | -8.76M | -10.68M | -11.2M | -10.05M | -12.39M | -4.9M | -2.48M | -1.29M | -873K | -1.9M |
| CapEx % of Revenue | 72.7% | 10.73% | 14.87% | 5.87% | 9.36% | 3.46% | 1.87% | 5.5% | 1.53% | 3.9% | 2.08% | 3.41% | 4.89% | 7.11% | 7.12% | 2.84% | -13.8% | 1.04% | 0.27% | 1.53% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 3.34B | 3.13B | 2.51B | 2.8B | 2.82B | 418.61M | 3.89B | 3.66B | 3.91B | 3.88B | 3.8B | 3.59B | 2.66B | 2.1B | 1.53B | 1.64B | 1.32B | 1.35B | 974.48M | 825.37M |
| Other Investing | 699.15M | -89.06M | -100.73M | -205.79M | -93.82M | -246.16M | 51.2M | -2.59M | -21.39M | -103.85M | -179.88M | -263.55M | -753.41M | -290.55M | -156.51M | -127.96M | -113K | 209.58M | -20.45M | -2.56M |
| Cash from Financing | 187.79M | 784.1M | 96.36M | 123.38M | -835.19M | 463.3M | 124.78M | 245.53M | -217.76M | 207.58M | 426.21M | 1.26B | 627.19M | 610.5M | 557.49M | 338.19M | 114.89M | 241.72M | 147.62M | 5.25M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.85M | 119K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 428.53M | 5.65M | -111.85M | -840.97M | 269.68M | 100.44M | 238.5M | -233.38M | -5.73M | 406.78M | 1.24B | 500.28M | 467.51M | 462.23M | 264.76M | 21.6M | 21.51M | -1.42M | -7.93M |
| Net Change in Cash | -1.35B | 1.56B | 279.34M | 24.1M | 324.68M | -144.74M | -433.36M | 890.47M | 61.28M | 95.69M | -248.5M | 72.31M | -687.5M | -247.14M | 587.62M | 143.65M | 281.25M | -406.55M | 17.83M | -39.81M |
| Free Cash Flow | -1.5B | 651.73M | 456.35M | 450.04M | 1.3B | -92.7M | -447.46M | 829.89M | 301.51M | -38.49M | -446.32M | -924.82M | -497.09M | -450.43M | 227.62M | -270.32M | 231.61M | -659.77M | 195.47M | -64.29M |
| FCF Margin % | -321.95% | 105.87% | 85.96% | 85.75% | 290.73% | -16.08% | -88.27% | 188.88% | 61.55% | -8.93% | -105.89% | -295.04% | -217.06% | -318.8% | 130.75% | -156.67% | -1288.74% | -532.01% | 61.57% | -51.75% |
| FCF Growth % | -215.94% | 803.04% | 201.99% | -45.77% | 329.83% | -140.84% | -0.26% | 189.74% | 160.66% | 91.45% | -296.08% | -242.12% | -314.62% | 31.73% | 16.44% | -320.47% | 82.45% | -287.74% | 149.57% | -109.33% |
| FCF per Share | -24.51 | 10.66 | 7.47 | 7.37 | 21.25 | -1.53 | -7.40 | 13.77 | 5.01 | -0.65 | -7.53 | -15.60 | -8.33 | -7.57 | 3.82 | -4.54 | 3.89 | -11.08 | 3.28 | -1.08 |
| FCF Conversion (FCF/Net Income) | -185.50x | 9.42x | 13.82x | 15.82x | -9.38x | -0.93x | -3.82x | 24.83x | 3.24x | -0.22x | -3.78x | -13.42x | -8.84x | -7.01x | 9.14x | -4.35x | -2.61x | -12.85x | 0.95x | -1.13x |
| Interest Paid | 0 | 0 | 0 | 109.95M | 127.22M | 131.88M | 110.27M | 142.59M | 124.55M | 129.81M | 107.18M | 113.12M | 66.08M | 94.25M | 19.41M | 19.62M | 8.66M | 5.36M | 0 | 7.06M |
| Taxes Paid | 0 | 0 | 0 | 8.77M | -32.93M | 2.62M | 29.49M | 819K | 6.67M | 10.17M | 13.26M | 224K | 5.92M | 28.46M | 18.75M | 48K | 2.5M | 22.13M | 0 | 534K |