Freedom
Connects brokerage, banking, insurance and consumer services through a Kazakhstan-centered digital ecosystem.
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Profile
Provides brokerage, banking and insurance alongside payments, ticketing, travel, e-commerce and telecommunications services connected through Freedom SuperApp. Kazakhstan is the main operating market; the structure depends on multi-jurisdiction regulation, founder voting control, related-party relationships and an unresolved SEC process.
Combines brokerage, banking, insurance and a broader Other segment centered on payments and consumer services. Freedom SuperApp links investments, banking, insurance, payments and selected lifestyle services, while Tradernet supports securities activity.
Operates primarily in Kazakhstan, with an international presence spanning multiple jurisdictions. The group grew from providing access to global capital markets into a wider ecosystem that also includes ticketing, travel, e-commerce, telecommunications and media activities.
Depends on regulated subsidiaries across many jurisdictions and remains concentrated in its Kazakhstan home market. Founder Timur Turlov combines the chief executive and board-chair roles with voting control, and related-party relationships remain a governance dependency. An SEC investigation and Wells process disclosed in the latest filing remained unresolved.
Company facts
Categories
Key statistics
Year to date +41.1% · Average volume (30d) 117.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q1 FY27 | $0.87 | $0.52 | −40.2% | $124.1M | $732.5M | +490.1% | +0.68% |
| Jun 1, 2026Q4 FY26 | $0.87 | $0.13 | −85.1% | $124.1M | $466.7M | +276.0% | +4.90% |
| Feb 9, 2026Q3 FY26 | $0.87 | $1.25 | +43.7% | $124.1M | $615.6M | +395.9% | +1.80% |
| Nov 7, 2025Q2 FY26 | — | $0.63 | — | — | $530.9M | — | −1.52% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $445.8M | $524.9M | $530.9M | $615.6M | $466.7M | $732.5M | |
| Gross profit | $166.7M | $252.7M | $278.5M | $354.5M | $356.7M | $565.7M | |
| Operating income | −$14.6M | $145.4M | $159.7M | $200.0M | $149.2M | $453.7M | |
| Net income | −$142.7M | $30.4M | $38.7M | $76.2M | $8.0M | $31.7M | |
| Diluted EPS | −$2.34 | $0.50 | $0.63 | $1.25 | $0.13 | $0.52 | |
| Gross margin | 37.4% | 48.1% | 52.5% | 57.6% | 76.4% | 77.2% | |
| Operating margin | -3.3% | 27.7% | 30.1% | 32.5% | 32.0% | 61.9% |
Fiscal years (4-quarter sums)FY22 $547.8M · FY23 $716.9M · FY24 $1.66B · FY25 $1.97B · FY26 $2.14B
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 30, 2026Cash & short-term investments $5.53B · Total debt $2.79B · Total assets $14.05B · Shareholders' equity $1.54B
Dividends
No dividends on record.
Ownership
Shares outstanding 61.29M · Float 17.88M · 29.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 597.1K | 0.97% | 13F | Aug 7, 2026 |
| State Street Corp | 230.2K | 0.38% | 13F | Aug 7, 2026 |
| Azamat Yerdessov · officer: Freedom Life Chief Exec. Ofc. | 227.4K | 0.37% | Form 4 | Jun 8, 2026 |
| Geode Capital Management, LLC | 171.4K | 0.28% | 13F | Aug 12, 2026 |
| Sergey Lukyanov · officer: *See Remarks | 152.4K | 0.25% | Form 4 | Feb 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Valeriy Kim | officer: Chief Financial Officer | −5,000 | $169.31 |
| Aug 19, 2026 | Evgeny Ler | officer: Chief Financial Officer | −20,000 | $158.63 |
| Aug 13, 2026 | Renat Tukanov | officer: CHIEF TECHNOLOGY OFFICER | −2,700 | $151.25 |
| Dec 29, 2025 | Boris Cherdabayev | director | −186 | $125.72 |
| Nov 6, 2025 | Boris Cherdabayev | director | −150 | $136.33 |
Peers
- Kaspi.kz (ADR)
Kazakhstan super-app rival in payments, banking, and e-commerce
- Interactive Brokers
Global electronic-broker rival for self-directed cross-border investors
- eToro
App-led multi-asset broker competing for European retail investors
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Freedom | $175.02 | −0.19% | $10.72B | 69.1 | 29.1 | 4.6 | +39.6% |
| Kaspi.kz (ADR) | $106.65 | +0.39% | $20.20B | 9.0 | 9.9 | 2.2 | +24.6% |
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| eToro | $31.02 | −0.03% | $2.61B | 11.5 | 12.3 | 0.3 | −89.0% |
| Median | 11.5 | 12.3 | 2.2 | +24.6% |