Freedom (FRHC) Financials

$152.46 +3.02 (+2.02%)

Closing price 06/10/2025 04:00 PM Eastern

Extended Trading

$152.50 +0.04 (+0.03%)

As of 06/10/2025 04:28 PM Eastern

Annual Income Statements for Freedom

This table shows Freedom's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.02	-0.49	0.00	0.00	-9.53	25	150	227	205	376
Consolidated Net Income / (Loss)	-0.02	-0.49	0.00	0.00	7.15	22	150	221	206	375
Net Income / (Loss) Continuing Operations	-0.02	-0.49	0.00	0.00	7.15	24	128	325	193	375
Total Pre-Tax Income	-0.07	-0.49	0.00	0.00	8.52	29	152	364	236	435
Total Operating Income	-0.08	-0.49	0.00	0.00	66	39	151	364	393	435
Total Gross Profit	0.00	0.00	0.00	0.00	74	83	346	687	744	1,614
Total Revenue	0.00	0.00	0.00	0.00	74	83	346	690	744	1,635
Operating Revenue	0.00	0.00	0.00	0.00	74	83	346	690	744	1,635
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.50	0.00	21
Other Cost of Revenue	-	-	-	-	-	-	-	2.50	-	21
Total Operating Expenses	0.08	0.49	0.00	0.00	7.99	44	195	324	351	1,178
Selling, General & Admin Expense	0.08	0.49	0.00	0.00	0.24	45	86	122	143	309
Marketing Expense	-	-	-	-	-	-	6.97	12	14	38
Other Operating Expenses / (Income)	-	-	0.00	0.00	6.25	0.26	100	190	194	831
Total Other Income / (Expense), net	0.01	0.00	0.00	0.00	-58	-10	0.56	0.00	-157	0.00
Income Tax Expense	-0.05	-0.00	0.00	0.00	1.37	4.93	23	39	43	60
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-2.03	22	-104	12	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	-2.71	0.63	-6.57	0.45	-0.59
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	0.00	0.00	-0.02	0.00	-	-2.22	-	3.21
Basic Earnings per Share	-	-	-	-	-	$0.43	$2.56	$3.84	$3.50	$6.37
Weighted Average Basic Shares Outstanding	55.79M	244.21M	0.00	0.00	58.04M	58.16M	58.39M	59.38M	58.63M	58.96M
Diluted Earnings per Share	-	-	-	-	-	$0.43	$2.56	$3.84	$3.45	$6.33
Weighted Average Diluted Shares Outstanding	55.79M	244.21M	0.00	0.00	58.24M	58.25M	58.44M	59.38M	59.50M	59.36M
Weighted Average Basic & Diluted Shares Outstanding	55.79M	244.21M	280.34M	-	58.09M	-	59.47M	59.54M	-	60.63M

This table shows Freedom's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	61	26	63	55	68	116	96	95	34	115	78
Consolidated Net Income / (Loss)	59	27	62	57	68	115	96	95	34	114	78
Net Income / (Loss) Continuing Operations	43	49	46	54	68	115	96	95	34	114	78
Total Pre-Tax Income	52	62	51	71	85	135	112	104	42	128	98
Total Operating Income	104	103	83	103	201	308	284	-126	227	320	334
Total Gross Profit	165	176	193	209	302	431	422	725	444	570	625
Total Revenue	168	180	193	202	316	436	419	732	443	581	655
Operating Revenue	167	180	215	183	316	436	461	660	443	581	643
Other Revenue	1.27	-	-21	-	-	-	-43	-	-	-	12
Total Cost of Revenue	2.43	3.73	0.00	-6.15	14	4.66	-3.53	6.90	-1.77	10	31
Other Cost of Revenue	2.43	3.73	-	-	14	4.66	-3.53	-	-1.77	10	31
Total Operating Expenses	61	73	110	106	101	123	138	852	218	251	291
Selling, General & Admin Expense	39	35	41	27	60	73	81	127	133	152	178
Marketing Expense	3.84	1.91	3.73	4.58	8.10	8.64	11	11	17	20	21
Other Operating Expenses / (Income)	18	36	66	74	33	41	46	-	68	78	91
Total Other Income / (Expense), net	-52	-41	-31	-33	-117	-173	-172	231	-185	-191	-236
Interest Expense	40	41	52	76	95	139	131	-	146	125	131
Other Income / (Expense), net	-12	-	21	-	-22	-34	-41	-	-39	-67	-105
Income Tax Expense	8.88	13	5.07	16	17	19	16	9.01	7.34	14	20
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.99	0.95	-0.46	1.95	-0.18	-0.37	-0.29	0.25	-0.14	-0.17	-0.14
Basic Earnings per Share	$1.03	$0.45	$1.06	$0.96	$1.16	$1.97	$1.65	$1.59	$0.58	$1.93	$1.32
Weighted Average Basic Shares Outstanding	59.54M	58.67M	58.68M	58.63M	58.51M	58.58M	58.58M	58.96M	59.26M	59.36M	59.37M
Diluted Earnings per Share	$1.03	$0.44	$1.05	$0.93	$1.15	$1.95	$1.63	$1.60	$0.57	$1.89	$1.29
Weighted Average Diluted Shares Outstanding	59.54M	59.52M	59.52M	59.50M	59.29M	59.29M	59.29M	59.36M	60.26M	60.46M	60.55M
Weighted Average Basic & Diluted Shares Outstanding	59.54M	59.54M	59.54M	0.00	-	59.66M	59.66M	60.63M	60.75M	60.61M	60.62M

This table details how cash moves in and out of Freedom's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Net Change in Cash & Equivalents	0.04	8.23	16	0.00	0.73	121	1,022	11	-203	-16
Net Cash From Operating Activities	0.04	-0.54	4.95	0.00	58	83	529	-406	-952	-1,064
Net Cash From Continuing Operating Activities	0.04	-0.44	4.80	0.00	58	48	182	-294	-928	-1,064
Net Income / (Loss) Continuing Operations	-0.02	-0.49	6.30	0.00	7.15	24	128	325	193	375
Consolidated Net Income / (Loss)	-0.02	-0.49	6.30	0.00	7.15	22	150	221	206	375
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-2.03	22	-104	12	0.00
Depreciation Expense	0.00	0.00	0.20	0.00	2.03	1.11	2.69	3.42	5.14	15
Amortization Expense	-	-	-	-	-	-	-	7.86	8.45	50
Non-Cash Adjustments To Reconcile Net Income	0.00	-	31	0.00	15	15	57	69	-104	-67
Changes in Operating Assets and Liabilities, net	0.06	-0.05	-33	0.00	34	8.46	-5.62	-699	-1,030	-1,436
Net Cash From Discontinued Operating Activities	-	-	-	-	-	34	347	-113	-24	0.00
Net Cash From Investing Activities	0.00	8.59	-2.85	0.00	-6.73	-20	6.35	-146	-1,463	-638
Net Cash From Continuing Investing Activities	0.00	8.59	-2.70	0.00	-6.73	-16	8.58	-142	-834	-638
Purchase of Property, Plant & Equipment	-	-	-0.11	0.00	-4.99	-2.00	-1.52	-5.62	-39	-44
Acquisitions	-	-	-2.77	-	-	0.00	150	0.00	-20	-24
Purchase of Investments	-	-	-	-	-	-	-274	-249	-330	-230
Divestitures	-	8.59	0.00	0.00	-	-	0.00	0.00	52	2.46
Sale and/or Maturity of Investments	-	-	-	-	-	-6.51	190	199	261	260
Other Investing Activities, net	-	-	0.00	0.00	-2.01	-7.80	-57	-86	-753	-600
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-3.46	-2.23	-4.38	-630	0.00
Net Cash From Financing Activities	-0.00	0.18	12	0.00	-42	58	493	619	2,133	1,675
Net Cash From Continuing Financing Activities	0.00	0.18	12	0.00	-42	-0.79	392	579	2,088	1,675
Repayment of Debt	-	-	-0.00	0.00	-8.02	-4.01	0.00	-0.15	-20	-42
Repurchase of Preferred Equity	-	-	-5.52	0.00	-74	-24	-8.35	-9.99	-23	1,191
Issuance of Debt	-	-	8.61	0.00	34	27	3.63	13	46	206
Issuance of Common Equity	-	-	0.00	0.00	-	0.46	385	428	638	0.00
Other Financing Activities, net	-	0.18	8.68	0.00	5.85	0.00	12	149	1,447	319
Net Cash From Discontinued Financing Activities	-	-	-	-	-	59	101	39	46	0.00
Effect of Exchange Rate Changes	-	-	2.12	0.00	-8.69	-	-	-54	78	12
Cash Interest Paid	-	0.00	3.72	0.00	13	8.70	19	38	199	475
Cash Income Taxes Paid	-	0.00	0.36	0.00	1.29	4.05	11	44	53	30

This table details how cash moves in and out of Freedom's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	144	588	-332	-602	72	-249	96	65	890	-433	-145
Net Cash From Operating Activities	-265	240	-440	-486	-914	-438	-22	309	854	-438	-73
Net Cash From Continuing Operating Activities	-253	198	-443	-430	-914	-438	-22	309	854	-438	-73
Net Income / (Loss) Continuing Operations	43	49	46	54	68	115	96	95	34	114	78
Consolidated Net Income / (Loss)	59	27	62	57	68	115	96	95	34	114	78
Depreciation Expense	0.88	0.94	1.69	1.64	2.61	4.00	4.48	3.51	4.15	3.91	4.65
Amortization Expense	-	-	14	-5.61	8.72	3.44	54	-16	48	59	58
Non-Cash Adjustments To Reconcile Net Income	6.43	1.65	-71	-41	-1.15	-20	18	-64	117	-7.21	-151
Changes in Operating Assets and Liabilities, net	-303	146	-434	-439	-992	-540	-194	290	651	-608	-63
Net Cash From Investing Activities	-184	-139	-318	-822	-270	-181	-143	-45	-95	-129	-429
Net Cash From Continuing Investing Activities	-177	-134	-309	-214	-270	-183	-140	-45	-95	-129	-429
Purchase of Property, Plant & Equipment	-4.90	-12	-10	-11	-11	-8.76	-17	-7.48	-24	-9.46	-20
Acquisitions	0.00	-0.00	0.00	-20	-0.18	-12	-38	-6.36	-12	1.65	-15
Purchase of Investments	-88	-80	-38	-124	-83	-51	-36	-60	-104	-41	-247
Sale and/or Maturity of Investments	36	121	39	64	105	70	37	49	48	22	88
Other Investing Activities, net	-121	-163	-311	-159	-280	-181	-87	-18	-2.59	-104	-236
Net Cash From Financing Activities	338	557	611	627	1,259	426	208	-218	246	125	463
Net Cash From Continuing Financing Activities	324	528	629	608	1,259	426	208	-218	246	125	463
Repayment of Debt	-0.74	-1.86	-4.52	-13	-9.07	-10	-11	-11	-13	-14	-14
Repurchase of Preferred Equity	0.00	-	-	-	1,058	310	2.64	1,191	-55	85	-187
Issuance of Debt	16	0.96	6.62	22	5.78	0.02	201	-0.03	0.00	-	202
Other Financing Activities, net	167	500	818	-39	204	127	16	-27	313	53	463
Effect of Exchange Rate Changes	255	-71	-	-	-2.58	-57	53	19	-115	8.79	-106

This table presents Freedom's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Total Assets	0.41	8.69	121	351	351	454	2,100	3,230	5,085	8,302
Total Current Assets	0.40	8.68	105	279	50	243	966	373	1,197	2,422
Cash & Equivalents	0.40	0.10	23	66	50	63	168	225	581	545
Short-Term Investments	-	-	82	213	-	-	0.00	0.00	239	217
Accounts Receivable	-	-	0.48	-	-	114	50	148	376	1,660
Plant, Property, & Equipment, net	0.00	0.00	1.10	2.41	0.00	6.38	16	18	54	83
Total Noncurrent Assets	0.01	0.01	16	70	301	204	1,119	1,183	3,834	5,797
Long-Term Investments	-	-	-	-	-	-	-	0.00	826	1,382
Goodwill	-	-	0.98	3.29	2.94	2.61	7.14	5.90	14	53
Intangible Assets	-	-	-	5.69	4.23	3.42	3.90	5.16	18	48
Other Noncurrent Operating Assets	0.01	0.01	14	35	293	197	1,108	1,172	2,976	4,315
Total Liabilities & Shareholders' Equity	0.41	8.69	121	351	351	454	2,100	3,230	5,085	8,302
Total Liabilities	0.05	8.58	77	224	233	324	1,825	2,684	4,314	7,135
Total Current Liabilities	0.05	8.58	9.22	9.01	33	9.81	36	15	4.55	33
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	0.15	0.00	0.75	1.41	14	15	4.55	33
Total Noncurrent Liabilities	0.00	0.00	68	215	200	315	1,788	1,815	4,309	7,102
Long-Term Debt	-	-	0.00	7.14	4.01	0.00	35	34	60	267
Other Noncurrent Operating Liabilities	-	-	68	208	196	315	1,073	1,781	4,249	6,835
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.36	0.11	44	127	118	129	276	547	771	1,167
Total Preferred & Common Equity	0.36	0.11	44	127	118	131	277	554	777	1,164
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.36	0.11	44	127	118	131	277	554	777	1,164
Common Stock	0.50	0.74	35	100	99	103	105	175	164	184
Retained Earnings	-0.14	-0.63	16	34	41	66	209	442	647	999
Accumulated Other Comprehensive Income / (Loss)	-	-	-6.94	-7.56	-23	-38	-36	-63	-34	-19
Noncontrolling Interest	-	-	-	-	0.00	-2.27	-1.64	-7.00	-6.55	3.31

This table presents Freedom's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	12/31/2021	6/30/2022	9/30/2022	12/31/2022	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024
Total Assets	2,727	3,891	4,784	5,368	6,540	7,138	7,449	8,484	8,816	9,135
Total Current Assets	1,260	1,867	2,482	1,518	6,269	6,849	1,523	2,199	2,478	3,034
Cash & Equivalents	146	246	790	664	597	464	562	719	569	578
Short-Term Investments	0.00	219	168	-	3,591	3,796	-	263	285	419
Accounts Receivable	194	232	408	404	521	1,025	961	1,218	1,624	2,038
Plant, Property, & Equipment, net	17	22	37	44	64	66	78	100	142	159
Total Noncurrent Assets	1,449	2,002	2,265	3,807	207	223	5,848	6,184	6,196	5,941
Long-Term Investments	-	-	-	-	-	-	1,346	1,315	1,369	1,454
Goodwill	7.84	5.93	9.51	9.46	51	52	52	51	53	48
Intangible Assets	3.67	5.38	7.69	9.01	42	44	47	46	46	44
Other Noncurrent Operating Assets	1,438	1,989	2,245	2,827	114	127	4,403	4,773	4,728	4,394
Total Liabilities & Shareholders' Equity	2,727	3,891	4,784	5,368	6,540	7,138	7,449	8,484	8,816	9,135
Total Liabilities	2,136	3,284	4,163	4,686	5,714	6,224	6,410	7,331	7,553	7,872
Total Current Liabilities	71	91	88	142	2,978	2,628	28	40	28	48
Current Deferred & Payable Income Tax Liabilities	21	24	19	0.00	16	23	28	40	28	48
Total Noncurrent Liabilities	2,065	3,193	4,075	4,543	2,736	3,596	6,382	7,291	7,525	7,824
Long-Term Debt	37	56	57	-	65	66	266	266	267	469
Other Noncurrent Operating Liabilities	1,216	2,017	2,928	4,543	2,671	3,530	6,116	7,024	7,258	7,355
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	591	607	621	682	826	914	1,039	1,152	1,263	1,263
Total Preferred & Common Equity	592	616	629	691	822	911	1,036	1,149	1,260	1,260
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	592	616	629	691	822	911	1,036	1,149	1,260	1,260
Common Stock	115	153	156	160	165	166	168	197	209	223
Retained Earnings	516	503	529	592	691	807	904	1,033	1,148	1,226
Accumulated Other Comprehensive Income / (Loss)	-39	-40	-56	-61	-34	-63	-35	-81	-97	-189
Noncontrolling Interest	-0.84	-8.99	-8.04	-8.50	3.46	3.35	3.05	3.17	3.00	2.85

This table displays calculated financial ratios and metrics derived from Freedom's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	57.94%	12.26%	315.29%	99.17%	7.79%	119.91%
EBITDA Growth	94.60%	-510.03%	100.00%	100.00%	-3.10%	60.31%	282.45%	142.71%	22.27%	8.97%
EBIT Growth	94.94%	-514.15%	100.00%	100.00%	-10.12%	69.62%	286.36%	139.58%	22.32%	-2.14%
NOPAT Growth	94.94%	-514.15%	100.00%	100.00%	27.59%	-41.37%	292.38%	153.95%	-1.11%	16.62%
Net Income Growth	98.80%	-2,518.83%	100.00%	0.00%	-62.84%	209.64%	579.08%	47.01%	-6.94%	82.38%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	495.35%	50.00%	-10.16%	83.48%
Operating Cash Flow Growth	102.23%	-1,439.84%	0.00%	0.00%	404.70%	41.29%	540.75%	-176.76%	-134.19%	-11.84%
Free Cash Flow Firm Growth	-508.59%	194.43%	431.13%	13.79%	-234.09%	159.77%	-46.33%	1,395.40%	-18.10%	-61.16%
Invested Capital Growth	99.52%	-20,523.16%	-507.03%	-99.73%	144.85%	-101.07%	9,329.69%	-730.63%	-82.54%	13.08%
Revenue Q/Q Growth	0.00%	0.00%	-100.00%	-100.00%	61.12%	-24.07%	82.45%	18.44%	-7.33%	47.93%
EBITDA Q/Q Growth	84.66%	-105.51%	100.00%	-100.00%	2,708.49%	-27.44%	30.75%	25.04%	12.33%	6.68%
EBIT Q/Q Growth	85.76%	-105.45%	100.00%	-100.00%	1,025.08%	-26.17%	29.89%	22.51%	10.21%	-4.44%
NOPAT Q/Q Growth	85.76%	-105.45%	100.00%	-100.00%	1,536.89%	-26.96%	29.54%	23.47%	-8.51%	-1.03%
Net Income Q/Q Growth	96.55%	-169.76%	-100.00%	-100.00%	5,905.88%	-8.99%	64.44%	14.12%	-12.94%	11.47%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	59.01%	18.15%	-16.46%	11.84%
Operating Cash Flow Q/Q Growth	102.23%	-1,439.84%	0.00%	100.00%	50.72%	1.70%	-14.41%	42.99%	-305.80%	42.75%
Free Cash Flow Firm Q/Q Growth	4.79%	-4.67%	7,475.60%	-61.88%	-307.98%	194.42%	-93.81%	196.55%	-67.39%	165.08%
Invested Capital Q/Q Growth	0.00%	2.07%	-496.60%	6.32%	166.55%	-101.59%	109.28%	-220.03%	41.44%	-17.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	0.00%	0.00%	100.00%	100.00%	100.00%	99.64%	100.00%	98.70%
EBITDA Margin	0.00%	0.00%	0.00%	0.00%	33.92%	48.44%	44.61%	54.36%	61.66%	30.56%
Operating Margin	0.00%	0.00%	0.00%	0.00%	89.25%	47.12%	43.67%	52.73%	52.82%	26.63%
EBIT Margin	0.00%	0.00%	0.00%	0.00%	31.18%	47.12%	43.83%	52.73%	59.83%	26.63%
Profit (Net Income) Margin	0.00%	0.00%	0.00%	0.00%	9.62%	26.54%	43.39%	32.03%	27.65%	22.93%
Tax Burden Percent	25.53%	99.95%	0.00%	0.00%	83.93%	76.07%	99.00%	60.75%	87.14%	86.12%
Interest Burden Percent	91.52%	99.68%	0.00%	0.00%	36.76%	74.04%	100.00%	100.00%	53.03%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	16.07%	16.96%	15.35%	10.61%	18.13%	13.88%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	92.07%	365.18%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	104.02%	351.88%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	-74.12%	-290.92%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-10.98%	-210.92%	0.00%	0.00%	6.14%	17.95%	74.27%	53.74%	31.21%	38.70%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-245.30%	0.00%	79.53%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	6.80%	9.77%	11.89%	13.65%	10.70%	6.50%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	2.10%	5.50%	11.77%	8.29%	4.95%	5.60%
Return on Common Equity (ROCE)	-10.98%	-210.92%	0.00%	0.00%	6.14%	18.11%	74.99%	54.30%	31.53%	38.77%
Return on Equity Simple (ROE_SIMPLE)	-5.20%	-467.88%	0.00%	0.00%	6.08%	16.85%	54.19%	39.91%	26.45%	32.22%
Net Operating Profit after Tax (NOPAT)	-0.06	-0.35	0.00	0.00	56	33	128	325	322	375
NOPAT Margin	0.00%	0.00%	0.00%	0.00%	74.91%	39.13%	36.97%	47.13%	43.24%	22.93%
Net Nonoperating Expense Percent (NNEP)	0.83%	-3.24%	0.00%	0.00%	-30.24%	-11.95%	13.30%	-17.39%	-8.99%	0.00%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	0.00%	1.30%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.32%	54.07%	24.86%	17.70%	19.18%	18.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	10.75%	52.88%	56.33%	46.91%	47.18%	72.08%
Earnings before Interest and Taxes (EBIT)	-0.08	-0.49	0.00	0.00	23	39	152	364	445	435
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.08	-0.49	0.00	0.00	25	40	154	375	458	500
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.24	21.33	0.05	3.10	4.33	6.31	11.25	6.41	5.50	3.61
Price to Tangible Book Value (P/TBV)	1.24	21.33	0.05	3.34	4.61	6.61	11.71	6.54	5.74	3.95
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	6.85	9.93	9.00	5.14	5.75	2.57
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	33.36	20.84	15.60	20.86	11.19
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	3.00%	4.80%	6.41%	4.79%	8.94%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	6.46	0.00	42.09	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	6.23	8.35	8.62	4.86	3.61	1.42
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	18.38	17.24	19.31	8.93	5.86	4.66
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	19.99	17.72	19.65	9.21	6.04	5.35
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	8.32	21.34	23.30	10.30	8.35	6.21
Enterprise Value to Operating Cash Flow (EV/OCF)	1.08	0.00	0.00	0.00	7.92	8.43	5.64	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	1.70	0.00	6.63	52.92	3.97	3.89	8.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.06	0.03	0.00	0.13	0.06	0.08	0.23
Long-Term Debt to Equity	0.00	0.00	0.00	0.06	0.03	0.00	0.13	0.06	0.08	0.23
Financial Leverage	-26.28	-19.37	-2.37	-3.05	-1.38	-0.71	-0.83	-1.46	-1.96	-1.79
Leverage Ratio	26.31	19.51	2.96	2.76	2.93	3.26	6.31	6.48	6.31	6.91
Compound Leverage Factor	24.08	19.45	0.00	0.00	1.08	2.41	6.31	6.48	3.35	6.91
Debt to Total Capital	0.00%	0.00%	0.00%	5.32%	3.30%	0.00%	11.19%	5.92%	7.23%	18.63%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	5.32%	3.30%	0.00%	11.19%	5.92%	7.23%	18.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	-1.76%	-0.53%	-1.20%	-0.79%	0.23%
Common Equity to Total Capital	100.00%	100.00%	100.00%	94.68%	96.70%	101.76%	89.34%	95.28%	93.56%	81.14%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.16	0.00	0.22	0.09	0.13	0.53
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-1.82	0.00	-0.86	-0.51	-3.46	-3.76
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.16	0.00	0.22	0.09	0.13	0.53
Debt to NOPAT	0.00	0.00	0.00	0.00	0.07	0.00	0.27	0.11	0.19	0.71
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-0.83	0.00	-1.04	-0.59	-4.93	-5.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.07	0.00	0.27	0.11	0.19	0.71
Altman Z-Score	5.10	-0.12	1.15	2.11	1.96	2.82	2.10	1.70	1.49	1.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.92%	-0.97%	-1.05%	-1.03%	-0.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.84	1.01	11.35	30.91	1.49	24.83	26.67	25.63	263.21	73.40
Quick Ratio	7.80	0.01	11.35	30.91	1.49	18.04	6.01	25.63	263.21	73.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8.62	8.14	43	72	-176	105	56	843	690	268
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	1,238.09%	4,141.45%	35,222.69%	-7,226.84%	-2,469.21%	-2,432.77%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-12.00	10.30	0.00	0.00	3.30	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	3.99	8.10	0.00	0.00	-4.55	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	3.67	7.90	0.00	0.00	-4.74	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.22	0.21	0.27	0.26	0.18	0.24
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	4.24	7.00	2.84	1.61
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	31.55	41.31	20.70	23.87
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	86.00	52.17	128.61	227.32
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	86.00	52.17	128.61	227.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-0.04	-8.53	-52	-144	72	-0.77	71	-447	-816	-709
Invested Capital Turnover	0.00	0.00	0.00	0.00	-1.69	2.35	9.88	-3.67	-1.18	-2.14
Increase / (Decrease) in Invested Capital	8.57	-8.49	-43	-72	231	-72	72	-518	-369	107
Enterprise Value (EV)	0.04	-6.39	-102	123	463	696	2,984	3,350	2,685	2,329
Market Capitalization	0.45	2.24	2.24	394	509	828	3,119	3,548	4,279	4,202
Book Value per Share	$0.01	$0.00	$0.16	$0.00	$2.03	$2.25	$4.74	$9.30	$13.05	$19.51
Tangible Book Value per Share	$0.01	$0.00	$0.15	$0.00	$1.90	$2.15	$4.56	$9.11	$12.52	$17.82
Total Capital	0.36	0.11	44	134	122	129	310	581	831	1,434
Total Debt	0.00	0.00	0.00	7.14	4.01	0.00	35	34	60	267
Total Long-Term Debt	0.00	0.00	0.00	7.14	4.01	0.00	35	34	60	267
Net Debt	-0.40	-8.63	-104	-271	-46	-130	-133	-191	-1,587	-1,876
Capital Expenditures (CapEx)	0.00	-0.00	0.00	0.00	4.72	2.00	1.50	5.62	39	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.05	-8.53	-8.74	-9.01	-33	104	761	133	372	1,627
Debt-free Net Working Capital (DFNWC)	0.35	0.10	95	270	17	234	929	359	1,192	2,389
Net Working Capital (NWC)	0.35	0.10	95	270	17	234	929	359	1,192	2,389
Net Nonoperating Expense (NNE)	-0.04	0.15	0.00	0.00	48	10	-22	104	116	0.00
Net Nonoperating Obligations (NNO)	-0.40	-8.63	-96	-271	-46	-130	-205	-994	-1,587	-1,876
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	2.03	1.11	2.69	11	14	64
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	-45.03%	124.57%	219.84%	19.30%	50.00%	99.52%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	22.23%	280.22%	268.36%	51.98%	160.35%	146.11%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	22.23%	280.22%	268.36%	51.98%	160.35%	146.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.45	$0.00	$3.50	$6.37
Adjusted Weighted Average Basic Shares Outstanding	55.79M	244.21M	490M	0.00	58.04M	58.16M	58.39M	0.00	58.63M	58.96M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.45	$0.00	$3.45	$6.33
Adjusted Weighted Average Diluted Shares Outstanding	55.79M	244.21M	490M	0.00	58.24M	58.25M	58.44M	0.00	59.50M	59.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.79M	244.21M	280.34M	0.00	58.09M	0.00	59.47M	0.00	0.00	60.63M
Normalized Net Operating Profit after Tax (NOPAT)	-0.06	-0.35	0.00	0.00	57	32	129	325	322	375
Normalized NOPAT Margin	0.00%	0.00%	0.00%	0.00%	76.60%	37.88%	37.36%	47.13%	43.24%	22.93%
Pre Tax Income Margin	0.00%	0.00%	0.00%	0.00%	11.46%	34.88%	43.83%	52.73%	31.73%	26.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	1.58	3.85	0.00	0.00	2.13	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	3.80	3.20	0.00	0.00	1.54	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	1.26	3.66	0.00	0.00	1.94	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	3.48	3.00	0.00	0.00	1.35	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Freedom's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	35.17%	-43.27%	55.72%	63.16%	88.31%	141.83%	116.78%	261.75%	39.98%	33.36%	56.51%
EBITDA Growth	27.31%	-59.72%	57.49%	340.38%	105.44%	170.20%	152.58%	-241.18%	25.47%	12.33%	-2.88%
EBIT Growth	27.81%	-59.95%	37.64%	344.21%	95.08%	165.46%	134.64%	-223.17%	4.28%	-7.63%	-5.51%
NOPAT Growth	31.57%	-63.34%	2.38%	278.85%	86.98%	221.39%	227.96%	-246.08%	15.50%	7.90%	8.63%
Net Income Growth	6.69%	-86.84%	22.62%	161.80%	14.98%	324.37%	53.97%	67.79%	-49.56%	-0.86%	-18.67%
EPS Growth	10.75%	-87.32%	22.09%	165.49%	11.65%	343.18%	55.24%	72.04%	-50.43%	-3.08%	-20.86%
Operating Cash Flow Growth	-325.44%	549.04%	33.12%	-310.10%	-244.41%	-282.30%	95.08%	163.59%	193.43%	-0.10%	-235.83%
Free Cash Flow Firm Growth	11.09%	-46.64%	273.00%	-5.41%	1,127.57%	4,311.09%	-129.71%	-149.62%	-166.56%	-174.20%	169.93%
Invested Capital Growth	143.94%	0.00%	-474.13%	-82.54%	-2,659.31%	-1,099.28%	56.77%	13.08%	76.90%	81.13%	-19.41%
Revenue Q/Q Growth	-35.72%	7.27%	7.21%	4.80%	56.24%	37.75%	-3.89%	92.77%	-39.54%	31.24%	12.79%
EBITDA Q/Q Growth	-18.90%	12.09%	14.45%	-17.22%	93.46%	47.42%	6.99%	-146.27%	271.93%	31.98%	-7.50%
EBIT Q/Q Growth	-18.97%	12.13%	0.25%	-0.79%	74.93%	52.58%	-11.39%	-152.08%	248.10%	35.15%	-9.36%
NOPAT Q/Q Growth	-15.36%	-4.87%	-9.36%	6.20%	104.17%	63.52%	-7.50%	-165.81%	261.44%	52.75%	-6.88%
Net Income Q/Q Growth	-32.46%	-53.93%	129.31%	-8.81%	19.36%	70.02%	-16.80%	-0.62%	-64.12%	234.18%	-31.75%
EPS Q/Q Growth	-36.02%	-57.28%	138.64%	-11.43%	23.66%	69.57%	-16.41%	-1.84%	-64.38%	231.58%	-31.75%
Operating Cash Flow Q/Q Growth	-214.77%	190.43%	-283.48%	-10.33%	-88.14%	52.13%	95.05%	1,526.17%	176.40%	-151.28%	83.39%
Free Cash Flow Firm Q/Q Growth	-4,730.57%	120.55%	2,139.19%	-75.65%	817.05%	-11.78%	-115.08%	63.87%	-1,130.14%	1.64%	114.21%
Invested Capital Q/Q Growth	-18.09%	-305.98%	-355.71%	41.44%	-365.58%	3.48%	83.57%	-17.75%	-23.73%	21.16%	-3.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	98.55%	97.93%	100.00%	103.04%	95.47%	98.93%	100.84%	99.06%	100.40%	98.21%	95.33%
EBITDA Margin	55.36%	57.84%	61.75%	48.77%	60.39%	64.63%	71.94%	-19.03%	54.13%	54.44%	44.64%
Operating Margin	62.04%	57.32%	42.79%	50.73%	63.61%	70.72%	67.80%	-17.27%	51.18%	55.06%	50.97%
EBIT Margin	54.83%	57.32%	53.59%	50.73%	56.81%	62.92%	58.01%	-17.27%	42.32%	43.58%	35.02%
Profit (Net Income) Margin	35.18%	15.11%	32.31%	28.12%	21.48%	26.51%	22.95%	13.04%	7.74%	19.71%	11.93%
Tax Burden Percent	113.59%	43.99%	121.26%	80.58%	80.31%	85.74%	86.07%	91.38%	82.36%	89.10%	79.47%
Interest Burden Percent	56.48%	59.91%	49.72%	68.77%	47.09%	49.14%	45.96%	-82.61%	22.21%	50.75%	42.85%
Effective Tax Rate	17.07%	20.40%	9.85%	22.95%	19.69%	14.26%	13.93%	8.62%	17.64%	10.90%	20.53%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	47.81%	36.15%	37.08%	31.21%	29.94%	39.42%	39.08%	38.70%	34.51%	31.25%	28.01%
Cash Return on Invested Capital (CROIC)	-92.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	13.37%	8.79%	10.62%	9.07%	9.71%	12.11%	12.43%	-4.22%	9.92%	10.42%	9.05%
Return on Assets (ROA)	8.58%	2.32%	6.41%	5.03%	3.67%	5.10%	4.92%	3.19%	1.82%	4.71%	3.08%
Return on Common Equity (ROCE)	48.35%	36.62%	37.35%	31.53%	30.05%	39.54%	39.20%	38.77%	34.39%	31.16%	27.94%
Return on Equity Simple (ROE_SIMPLE)	36.47%	35.69%	34.18%	0.00%	26.08%	33.22%	32.46%	0.00%	29.70%	27.00%	25.59%
Net Operating Profit after Tax (NOPAT)	86	82	74	79	162	264	244	-116	187	285	265
NOPAT Margin	51.45%	45.63%	38.57%	39.09%	51.08%	60.64%	58.36%	-15.78%	42.15%	49.06%	40.51%
Net Nonoperating Expense Percent (NNEP)	-4.84%	-5.93%	-1.05%	-1.72%	-3.68%	-5.40%	-7.98%	12.19%	-4.58%	-5.22%	-10.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	18.71%	-	-	-	15.33%
Cost of Revenue to Revenue	1.45%	2.07%	0.00%	-3.04%	4.53%	1.07%	-0.84%	0.94%	-0.40%	1.80%	4.67%
SG&A Expenses to Revenue	23.34%	19.63%	21.05%	13.56%	18.91%	16.80%	19.38%	17.34%	29.94%	26.22%	27.22%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.51%	40.61%	57.21%	52.31%	31.86%	28.21%	33.04%	116.33%	49.22%	43.15%	44.35%
Earnings before Interest and Taxes (EBIT)	92	103	103	103	180	274	243	-126	187	253	229
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	93	104	119	99	191	282	301	-139	240	316	292
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.29	4.65	5.02	5.50	5.85	5.54	4.63	3.61	3.91	4.48	6.18
Price to Tangible Book Value (P/TBV)	4.37	4.78	5.16	5.74	6.60	6.19	5.12	3.95	4.26	4.86	6.67
Price to Revenue (P/Rev)	3.60	3.99	4.32	5.75	5.40	4.40	3.50	2.57	2.55	2.96	3.63
Price to Earnings (P/E)	11.33	12.54	14.16	20.86	22.68	16.71	14.31	11.19	13.13	16.56	24.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.83%	7.97%	7.06%	4.79%	4.41%	5.98%	6.99%	8.94%	7.61%	6.04%	4.15%
Enterprise Value to Invested Capital (EV/IC)	14.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.03	2.75	2.92	3.61	0.21	0.41	2.30	1.42	1.40	1.94	2.71
Enterprise Value to EBITDA (EV/EBITDA)	5.57	5.04	5.74	5.86	0.35	0.64	3.26	4.66	4.35	5.83	8.43
Enterprise Value to EBIT (EV/EBIT)	5.61	5.09	5.81	6.04	0.36	0.67	3.53	5.35	5.35	7.81	11.10
Enterprise Value to NOPAT (EV/NOPAT)	6.37	5.77	6.67	8.35	0.48	0.81	4.24	6.21	6.15	8.86	12.84
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.50	5.25	8.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.77	1.11	3.89	0.04	0.12	0.00	8.68	0.00	0.00	10.20
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.09	0.00	0.08	0.08	0.07	0.26	0.23	0.23	0.21	0.37
Long-Term Debt to Equity	0.09	0.09	0.00	0.08	0.08	0.07	0.26	0.23	0.23	0.21	0.37
Financial Leverage	-1.20	-1.49	-1.80	-1.96	-3.55	-3.59	-2.16	-1.79	-3.36	-3.00	-1.57
Leverage Ratio	6.40	7.70	6.36	6.31	7.28	7.76	7.45	6.91	7.60	7.33	7.20
Compound Leverage Factor	3.62	4.61	3.16	4.34	3.43	3.82	3.42	-5.71	1.69	3.72	3.09
Debt to Total Capital	8.51%	8.43%	0.00%	7.23%	7.30%	6.73%	20.40%	18.63%	18.78%	17.47%	27.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	8.51%	8.43%	0.00%	7.23%	7.30%	6.73%	20.40%	18.63%	18.78%	17.47%	27.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-1.36%	-1.18%	-1.25%	-0.79%	0.39%	0.34%	0.23%	0.23%	0.22%	0.20%	0.16%
Common Equity to Total Capital	92.85%	92.75%	101.25%	93.56%	92.31%	92.93%	79.37%	81.14%	81.00%	82.34%	72.76%
Debt to EBITDA	0.14	0.14	0.00	0.13	0.12	0.09	0.27	0.53	0.47	0.42	0.68
Net Debt to EBITDA	-1.03	-2.26	0.00	-3.46	-8.58	-6.32	-1.69	-3.76	-3.59	-3.09	-2.88
Long-Term Debt to EBITDA	0.14	0.14	0.00	0.13	0.12	0.09	0.27	0.53	0.47	0.42	0.68
Debt to NOPAT	0.16	0.16	0.00	0.19	0.16	0.11	0.36	0.71	0.66	0.64	1.04
Net Debt to NOPAT	-1.17	-2.58	0.00	-4.93	-11.63	-7.92	-2.20	-5.00	-5.06	-4.70	-4.39
Long-Term Debt to NOPAT	0.16	0.16	0.00	0.19	0.16	0.11	0.36	0.71	0.66	0.64	1.04
Altman Z-Score	1.48	1.40	1.12	1.27	1.48	1.64	1.15	1.01	1.12	1.28	1.49
Noncontrolling Interest Sharing Ratio	-1.14%	-1.29%	-0.73%	-1.03%	-0.39%	-0.31%	-0.32%	-0.17%	0.34%	0.29%	0.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	20.53	28.17	10.66	263.21	2.11	2.61	54.97	73.40	54.33	88.99	62.85
Quick Ratio	7.68	15.51	7.50	263.21	1.94	2.46	54.97	73.40	54.33	88.99	62.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-400	82	1,840	448	4,109	3,625	-547	-222	-2,735	-2,690	382
Operating Cash Flow to CapEx	-5,416.78%	1,936.39%	-4,381.93%	-4,339.48%	-8,557.70%	-4,992.64%	-128.78%	4,130.37%	3,532.41%	-4,628.49%	-364.90%
Free Cash Flow to Firm to Interest Expense	-9.98	2.01	35.36	5.90	43.23	26.01	-4.17	0.00	-18.77	-21.58	2.92
Operating Cash Flow to Interest Expense	-6.62	5.87	-8.46	-6.40	-9.62	-3.14	-0.17	0.00	5.86	-3.51	-0.55
Operating Cash Flow Less CapEx to Interest Expense	-6.75	5.57	-8.66	-6.54	-9.73	-3.20	-0.29	0.00	5.70	-3.59	-0.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.15	0.20	0.18	0.17	0.19	0.21	0.24	0.23	0.24	0.26
Accounts Receivable Turnover	4.15	1.80	2.68	2.84	2.37	1.60	2.01	1.61	2.03	1.44	1.43
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	34.90	19.90	26.20	20.70	20.79	22.21	22.51	23.87	21.44	18.26	18.05
Accounts Payable Turnover	0.02	0.09	0.06	0.00	0.10	0.11	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	87.97	203.17	135.95	128.61	154.03	227.94	181.46	227.32	180.11	253.51	255.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	16,370.66	4,097.68	5,715.09	0.00	3,830.86	3,350.09	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-16,282.69	-3,894.51	-5,579.14	128.61	-3,676.83	-3,122.14	181.46	227.32	180.11	253.51	255.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	148	-306	-1,393	-816	-3,799	-3,667	-602	-709	-878	-692	-719
Invested Capital Turnover	-7.75	-2.40	-1.57	-1.18	-0.49	-0.58	-1.38	-2.14	-0.75	-0.88	-3.24
Increase / (Decrease) in Invested Capital	486	0.00	-1,766	-369	-3,947	-3,361	791	107	2,921	2,975	-117
Enterprise Value (EV)	2,222	2,015	2,344	2,685	191	466	3,161	2,329	2,463	3,690	5,802
Market Capitalization	2,641	2,924	3,467	4,279	4,812	5,044	4,799	4,202	4,489	5,642	7,782
Book Value per Share	$10.34	$10.57	$11.60	$13.05	$13.81	$15.27	$17.37	$19.51	$18.95	$20.75	$20.79
Tangible Book Value per Share	$10.15	$10.28	$11.29	$12.52	$12.24	$13.67	$15.71	$17.82	$17.37	$19.11	$19.26
Total Capital	663	679	682	831	891	980	1,306	1,434	1,419	1,531	1,732
Total Debt	56	57	0.00	60	65	66	266	267	266	267	469
Total Long-Term Debt	56	57	0.00	60	65	66	266	267	266	267	469
Net Debt	-409	-901	-1,114	-1,587	-4,625	-4,581	-1,642	-1,876	-2,030	-1,955	-1,982
Capital Expenditures (CapEx)	4.90	12	10	11	11	8.76	17	7.48	24	9.46	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,310	1,436	261	372	-1,399	-427	934	1,627	1,177	1,596	1,989
Debt-free Net Working Capital (DFNWC)	1,776	2,394	1,375	1,192	3,291	4,221	1,496	2,389	2,159	2,450	2,986
Net Working Capital (NWC)	1,776	2,394	1,375	1,192	3,291	4,221	1,496	2,389	2,159	2,450	2,986
Net Nonoperating Expense (NNE)	27	55	12	22	94	149	148	-211	152	171	187
Net Nonoperating Obligations (NNO)	-458	-927	-2,076	-1,587	-4,625	-4,581	-1,642	-1,876	-2,030	-1,955	-1,982
Total Depreciation and Amortization (D&A)	0.88	0.94	16	-3.98	11	7.44	58	-13	52	63	63
Debt-free, Cash-free Net Working Capital to Revenue	178.58%	195.78%	32.56%	50.00%	-156.87%	-37.19%	68.01%	99.52%	66.84%	83.71%	92.82%
Debt-free Net Working Capital to Revenue	242.10%	326.50%	171.40%	160.35%	368.99%	367.87%	108.94%	146.11%	122.56%	128.48%	139.31%
Net Working Capital to Revenue	242.10%	326.50%	171.40%	160.35%	368.99%	367.87%	108.94%	146.11%	122.56%	128.48%	139.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.45	$1.38	$0.96	$1.16	$1.97	$1.65	$1.59	$0.58	$1.93	$1.32
Adjusted Weighted Average Basic Shares Outstanding	0.00	58.67M	58.68B	58.63M	58.51M	58.58M	58.58M	58.96M	59.26M	59.36M	59.37M
Adjusted Diluted Earnings per Share	$0.00	$0.44	$1.36	$0.93	$1.15	$1.95	$1.63	$1.60	$0.57	$1.89	$1.29
Adjusted Weighted Average Diluted Shares Outstanding	0.00	59.52M	59.52B	59.50M	59.29M	59.29M	59.29M	59.36M	60.26M	60.46M	60.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	59.54M	59.54M	0.00	0.00	59.66M	59.66M	60.63M	60.75M	60.61M	60.62M
Normalized Net Operating Profit after Tax (NOPAT)	86	82	74	79	162	264	244	-116	187	285	265
Normalized NOPAT Margin	51.45%	45.63%	38.57%	39.09%	51.08%	60.64%	58.36%	-15.78%	42.15%	49.06%	40.51%
Pre Tax Income Margin	30.97%	34.34%	26.65%	34.89%	26.75%	30.92%	26.66%	14.27%	9.40%	22.12%	15.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.30	2.53	1.99	1.35	1.89	1.97	1.85	0.00	1.29	2.03	1.75
NOPAT to Interest Expense	2.16	2.01	1.43	1.04	1.70	1.90	1.86	0.00	1.28	2.29	2.02
EBIT Less CapEx to Interest Expense	2.18	2.22	1.80	1.20	1.78	1.90	1.72	0.00	1.12	1.95	1.60
NOPAT Less CapEx to Interest Expense	2.03	1.71	1.24	0.89	1.59	1.83	1.73	0.00	1.11	2.21	1.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Freedom's Financials

When does Freedom's fiscal year end?

According to the most recent income statement we have on file, Freedom's financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has Freedom's net income changed over the last 9 years?

Freedom's net income appears to be on an upward trend, with a most recent value of $374.95 million in 2024, falling from -$18.79 thousand in 2015. The previous period was $205.59 million in 2023.

What is Freedom's operating income?

Freedom's total operating income in 2024 was $435.37 million, based on the following breakdown:

Total Gross Profit: $1.61 billion
Total Operating Expenses: $1.18 billion

How has Freedom revenue changed over the last 9 years?

Over the last 9 years, Freedom's total revenue changed from $0.00 in 2015 to $1.64 billion in 2024, a change of 163,508,000,000.0%.

How much debt does Freedom have?

Freedom's total liabilities were at $7.13 billion at the end of 2024, a 65.4% increase from 2023, and a 13,808,097.9% increase since 2015.

How much cash does Freedom have?

In the past 9 years, Freedom's cash and equivalents has ranged from $99.68 thousand in 2016 to $581.42 million in 2023, and is currently $545.08 million as of their latest financial filing in 2024.

How has Freedom's book value per share changed over the last 9 years?

Over the last 9 years, Freedom's book value per share changed from 0.01 in 2015 to 19.51 in 2024, a change of 299,976.9%.

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This page (NASDAQ:FRHC) was last updated on 6/11/2025 by MarketBeat.com Staff

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Freedom (FRHC) Financials

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Freedom (FRHC) Financials

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