PerpEquities

Equity · Financial services

Freedom Holding Corp. (FRHC) perpetual futures

FRHC perpetual futures on 6 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FRHCUSDT.

Freedom Holding Corp. is a financial services group offering brokerage, investment research, retail and corporate banking, underwriting, insurance products, and proprietary trading through its subsidiaries.

$165.23-1.1%NASDAQ closed
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venue perp mark · LBank (FRHC/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

6/7 live markets
Venues
6
Live markets
6/7
24h volume
$438.7K
Open interest
$111.7KCoverage: 4/6 markets
Best liquidity
$3.3M
LBank
Tightest spread
+2.4 bps
LBank
Highest volume
$189.8K
LBank
Settlement mix
USDT · 7/7
Perp/spot vol.
0.03x
Spot volume $17M
OI / float
0.00%
Float $3.4B
Spot performance
1D-1.06%
5D-9.82%
1M-2.55%
6M+16.24%
YTD+34.55%
1Y+16.98%

Venue matrix

7 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
LBankTradeFRHC/USDTTrading$165.23+11.0% APR
+0.010% every 8h
+2.4 bps$3.3M$189.8K-USDT20x
BinanceTradeFRHC/USDTTrading$165.18+19.0% APR
+0.017% every 8h
+2.4 bps$90.9K$152.5K$57KUSDT-
XT.comTradeFRHC/USDTTrading$165.19+19.1% APR
+0.017% every 8h
+6.1 bps$89.1K$45.1K-USDT-
BitgetTradeFRHC/USDTTrading$165.34+11.0% APR
+0.010% every 8h
+4.2 bps$369.7K$44K$44.3KUSDT20x
MEXCTradeFRHC/USDTTrading$165.16-16.6% APR
-0.015% every 8h
+21.2 bps$85.2K$6.4K$10.2KUSDT20x
Gate.ioTradeFRHC/USDTTrading$164.840.0% APR
0.000% every 8h
+97.4 bps$5.3K$927$209.3USDT20x
BingXTradeFRHC-USDTPlanned------USDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Adequate liquidity · 5 of 6 venues absorb $10k · Typical cost: +11.1 bps – +23.0 bps

Cheapest execution: LBank · +7.8 bps

Too thin: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FRHC

Tightest spread

FRHC

Highest volume

FRHC

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q1 '27 · filed 2026-08-10 · next report 2027-02-15 · Updated 42m ago
All financials →

Valuation & key figures

Market cap
$10.4B
Updated 42m ago
Revenue
$2.33B
Trailing 12 months
Revenue growth
-66%
FY2028 consensus
Profit margin
6.6%
Net income / revenue, TTM
P/E
63.7×
Forward 26.3× (FY2028)
P/S
4.5×
Price / sales, TTM
Peer P/E
22.9×
Similar listed perps
EV / EBITDA
14.5×
TTM
Free cash flow
-$815M
Trailing 12 months
Net income
$155M
Trailing 12 months
Revenue estimate
$751M
FY2028 consensus
Earnings
2027-02-15
Revenue est. $124M · Updated 42m ago
Dividend
$1.33
Per payment · 2002-09-03
Revenue (TTM)$2.33B+13.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)30.7%+1.4 pp vs a year agoOperating income $716M
Net income (TTM)$155M+91.7% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$815M-167.6% vs a year agoCapex $247M
Diluted EPS (TTM)$2.53+88.8% vs a year agoSum of the last 4 quarters
Net cash$2.75B+195.7% vs a year agoCash + short-term investments - debt
  • Last report (2026-08-10): revenue beat by 480.7%, EPS missed by 40.2%Revenue $721M vs $124M expected (+480.7%); EPS $0.52 vs $0.87 (-40.2%).
  • Revenue growth accelerating: 37.3% year on yearQ1 '27 revenue $721M, against an average of 8.9% over the four quarters before.
  • Operating margin 30.7% (TTM), +1.4 pp on a year agoOperating income grew 19.0% while revenue grew 13.6%.
  • 216.3% of pre-tax profit is eaten by non-operating lossesPre-tax income $226M vs operating income $716M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

Q1 '27
LineRevenuey/yShare of listed
Brokerage Segment$283M+60.3%38.6%
Banking Segment$225M+54.0%30.7%
Insurance Segment$151M-13.3%20.6%
Other Segment$73.9M+100.2%10.1%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 269 lines Freedom Holding Corp. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-15
Revenue est. $124M · Updated 42m ago
Dividend
$1.33
2002-09-03

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20286.29$751.4M-66%1
FY 20294.35$644.4M-71%1
FY 20304.50$650.4M-70%1
Q4 20260.87$124.1M-73%1
Q1 20273.44$312.8M-57%1
Q2 20270.85$145.7M-73%1
Source: FMP · Consensus

Company events

6
2027-02-15EarningsActual - / Estimate 0.87-
2026-11-11EarningsActual - / Estimate 0.87-
2026-08-10EarningsActual 0.52 / Estimate 0.87Miss
2026-06-01EarningsActual 0.13 / Estimate 0.87Miss
2026-02-09EarningsActual 1.25 / Estimate 1.1Beat
2025-11-07EarningsActual 0.63 / Estimate 1.15Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 12, 2026, 09:48 AM UTC

Company profile

Sector
Financial Services
Industry
Financial - Conglomerates
Chief executive
Timur Ruslanovich Turlov
Employees
12,100
IPO date
Feb 7, 2018
Country
US
Exchange
NASDAQ Capital Market
Website
Altman Z-scorei0.8
Piotroski scorei3/9
Overall ratingiC
Owner earningsi-$399.16M-$6.51 per share
ESG risk ratingiBIndustry rank: 1/1

Rating factors

Return on equityi
3
Return on assetsi
3
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
$10.03B+8.2%Aug 26 – Nov 26
$9.22B$10.35B$11.48BHigh: $11.48B · 2026-11-02Low: $9.22B · 2026-08-17Latest: $10.03B · 2026-11-11Aug 26Sep 26Oct 26Nov 26
Latest: $10.03B · 2026-11-11High: $11.48B · 2026-11-02Low: $9.22B · 2026-08-17
Largest fund holders
FundWeightShares held
NIW0.08%99.5K
IWP1*.MX0.08%90.6K
IWP0.08%90.4K
IWR0.02%81.4K
IWR*.MX0.03%79.6K
NIZ0.02%70.5K
FSMDX0.02%70K
NBF0.01%61K
IWF0.01%56.8K
FNCMX0.02%38.5K
FXO0.58%38K
VONG0.01%26.2K

Analyst track record

How the analysts covering FRHC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell––
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed––
Avg. return after a rating (TipRanks)––
Best / worst call– / –– / –

After buy calls on this stock: not enough measured cases yet

TipRanks data · computed Nov 12, 2026 · 0 ratings

Frequently asked questions

Where can I trade FRHC perpetual futures?

Freedom Holding Corp. (FRHC) perpetual futures trade on 6 crypto venues, including LBank, Binance, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FRHC around the clock?

Yes. Unlike the underlying stock, FRHC perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FRHC perpetuals?

Right now the FRHC perp funding rate is +11.0% annualized (venue median), ranging from -16.6% to +19.1% across 6 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FRHC perp price compare to the Freedom Holding Corp. stock?

The venue-median FRHC perp mark is $165.2 versus a reference stock price of $165.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FRHC perpetual future?

A FRHC perpetual is a derivative that tracks the price of Freedom Holding Corp. with no expiry date. It lets you take long or short exposure to Freedom Holding Corp. on crypto venues, around the clock.

What is FRHCUSDT perpetual?

FRHCUSDT is the symbol most crypto exchanges use for the Freedom Holding Corp. perpetual settled in USDT (Tether). It tracks the FRHC share price through an index, trades 24/7 with leverage and never expires.

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