Freedom Holding Corp. is one of those companies you’ve probably heard of, but maybe you don’t know just how much of a splash they’ve made. Recently, they celebrated their fifth anniversary on the NASDAQ, and trust me, it’s been a wild ride. Let’s take a look at why this company’s growth has been nothing short of jaw-dropping.
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The Stock Surge That Turned Heads
Here’s the deal. Five years ago, Freedom Holding Corp. went public, and at the time, their stock was trading at about $14 per share. Fast forward to October 14, 2024, and their stock hit a new 52-week high of $101.01. Yeah, you read that right. That’s over 700% growth in just five years! Imagine getting in early on that—talk about a smart investment. Their stock now bounces around $99 to $100, making it one of the top performers in recent memory.
Revenue Explosion
Now, let’s talk money. In 2019, Freedom Holding pulled in $74.3 million in revenue. Not bad, right? But hold on. For the fiscal year ending March 31, 2024, their revenue skyrocketed to $1.6 billion. Let that sink in for a second. That’s more than a 20x increase in five years. Oh, and their earnings per share (EPS)? It jumped from $0.12 to $6.37 in that same period. If you’re wondering how they pulled this off, it’s all about their smart expansion into new financial services and markets.
Customer Base: From Small to Massive
Freedom Holding didn’t just grow their revenue; they blew up their customer base too. Back in 2019, they had around 100,000 customers using their brokerage services. Fast forward to today, and they’re serving around 530,000 clients. That’s a 400% jump in just five years. Their ability to consolidate financial brokers and expand into new services made them the go-to for many investors looking for reliable financial solutions.
Market Recognition: A Big Win on the Horizon
Here’s something else worth noting. Freedom Holding Corp. is about to get some major market visibility. Starting November 30, 2024, they’re going to be included in two major indexes—MSCI US Small Cap 1750 and MSCI US Investable Market 2500. What does that mean? It means institutional investors will now be paying even more attention, which could further drive up their stock and market presence.
Beyond Brokerage: A Fintech Powerhouse
You might think Freedom Holding is just another brokerage firm, but they’re way more than that. Over the past few years, they’ve evolved into a full-fledged fintech ecosystem. They’re not only offering brokerage and investment banking services but have ventured into retail banking, insurance, and even everyday services like online grocery shopping and travel bookings—all through their SuperApp. It’s like they’re building a one-stop-shop for everything you could need, and that’s been a key to their rapid growth.
A Workforce That Keeps on Growing
Behind this massive success is an equally massive team. Five years ago, they had around 1,000 employees. Fast forward to today, and that number has grown to over 6,000 employees. That’s a 500% increase in their workforce, reflecting how quickly they’re scaling up their operations to keep up with demand.
The Man Behind the Vision: Timur Turlov
At the heart of this whole operation is Timur Turlov, the founder and CEO. He’s been the driving force behind Freedom Holding’s rapid ascent, and according to him, they’re just getting started. He’s got big plans for the company, from organic growth to international acquisitions. If Turlov’s track record is anything to go by, Freedom Holding is gearing up for even bigger things in the near future.
What’s Next for Freedom Holding?
So, what’s on the horizon? If the past five years are anything to go by, Freedom Holding Corp. isn’t slowing down anytime soon. With stellar stock performance, massive revenue growth, and expanding services, this company is set to keep climbing. Investors are excited, customers are happy, and the workforce is growing like never before.
Timur Turlov said it best: “We’re just beginning this journey.” And honestly, it looks like it’s going to be one heck of a ride.
