Freedom Holding Corp. Marks Six Years on NASDAQ

Freedom Holding Corp. (NASDAQ: FRHC), the first financial services firm from the Commonwealth of Independent States (CIS) to list on a major U.S. exchange, is marking six years since its debut on the NASDAQ. With operations spanning 22 countries, a market capitalization above $10 billion, and more than 7 million clients, the company continues to expand its international footprint.

From Almaty to Wall Street: A Six-Year Surge

Since its NASDAQ listing on October 15, 2019, Freedom Holding has grown significantly in scale and scope. The listing followed years of restructuring and regional integration across Kazakhstan and neighboring countries — a complex move few companies in the region had attempted, especially in the financial services sector.

Freedom’s stock has climbed from its $14 debut to $171.98 as of October 14, 2025. In August, shares hit an intraday high of $194.01, pushing the company’s market cap to $11.76 billion.

What began as a regional brokerage has since evolved into a diversified holding company operating across financial and consumer services sectors.

The SuperApp Ecosystem: One Platform, Multiple Services

At the center of Freedom’s transformation is its proprietary SuperApp — a digital platform that brings together banking, investing, insurance, payments, telecom, retail, and entertainment. The goal is to offer users an integrated experience that simplifies financial management and everyday services.

Between FY2019 and FY2025, the company reported:

– Revenue growth from $74.3 million to $2.05 billion

– Net income increase from $7.1 million to $84.5 million

– Total assets nearing $9.9 billion

– Employee count rising to more than 8,764

Freedom continues to scale its ecosystem to meet growing demand across its markets.

Tech-Led Growth, Data-Driven Decisions

Technology remains central to Freedom’s operating model. The company has made significant investments in automation, AI, and infrastructure — enabling it to deliver services at speed and scale.

Its platforms support everything from client onboarding to underwriting and real-time payments, while advanced data systems help tailor offerings to user needs. This level of integration supports expansion across regions while maintaining efficiency and compliance.

Global Investors Take Note

Freedom’s trajectory has attracted interest from institutional investors worldwide. Vanguard, Morgan Stanley, UBS, and Geode Capital are among those with holdings in the company. In August, BlackRock increased its stake by 579%, becoming the company’s largest institutional investor.

In July, Freedom was added to the First Trust Financials AlphaDEX Fund (FXO), joining other established players in the financial sector.

Scaling Up: From Emerging Challenger to Global Contender

In 2025, the U.S. Securities and Exchange Commission reclassified Freedom Holding as a Large Accelerated Filer — an upgrade that reflects both its market size and its progress in financial reporting and compliance.

The company has strengthened its internal controls, governance, and legal frameworks to support continued growth across jurisdictions.

Looking Ahead: Expansion, Innovation, and Impact

Freedom Holding is focused on scaling its business model and expanding its presence globally. Key areas of strategic focus include:

– Expanding into new markets across Asia and the Middle East

– Deepening vertical integration in insurance, telecom, and logistics

– Investing in content platforms and consumer engagement

– Exploring green finance and tokenized infrastructure

– Continuing to develop its SuperApp into a full-featured digital lifestyle platform

The company also maintains a commitment to increasing financial inclusion, particularly in underserved regions where it operates.

About Freedom Holding Corp.:

Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment featuring Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC).

Company Details

Organization: Freedom Holding Corp.

Contact Person: Natalia Kharlashina

Website: https://www.freedomholdingcorp.com/

Email: prglobal@ffin.kz

City: NEW YORK

Country: United States

Release Id: 11112536873