NEW YORK, December 31, 2025, 14:07 ET — Regular session
- Freedom Holding shares fall about 3% in afternoon trading, extending a choppy stretch into year-end.
- The move comes as U.S. stocks ease in holiday-thin trading, amplifying intraday swings.
- Investors are watching for the company’s next quarterly update after its last reported results highlighted heavy investment spending.
Freedom Holding Corp (FRHC) shares fell about 3% on Wednesday, sliding to $121.99 in afternoon trading after touching an intraday low of $121.64.
The drop lands on Wall Street’s final session of 2025, when trading often thins out as investors close books and rebalance portfolios. In a low-liquidity market — meaning fewer buyers and sellers to absorb trades — smaller orders can move prices more than usual.
U.S. stocks drifted lower in holiday-thin trading, with tech weighing on the major indexes. “It’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity, pointing to profit-taking when liquidity is low. Reuters
Freedom’s decline outpaced moves in several listed brokerage peers. Interactive Brokers (IBKR) was down about 0.5%, Charles Schwab (SCHW) dipped roughly 0.1%, and Robinhood (HOOD) fell about 1.4%.
The company has not posted a fresh quarterly or annual filing since a Nov. 7 10-Q, and its latest current report on the investor relations site is an Oct. 1 8-K.
In its most recent reported quarter, Freedom said total revenue, net, was $526.1 million and net income was $38.7 million, or $0.63 per share on a diluted basis. It also reported $4.5 billion in cash, restricted cash and investment securities at Sept. 30, 2025, with total assets of $10.3 billion.
Chief executive Timur Turlov said in that earnings release the company was investing to build an integrated, technology-driven ecosystem spanning brokerage, banking and other services, describing the spending as aimed at longer-term scale and efficiency.
That strategy keeps the focus on whether customer growth can translate into stronger margins, especially if trading activity cools from peak periods. Freedom said its total customers rose to 6.2 million as of Sept. 30, 2025.
From a trading perspective, the stock has been volatile into year-end. It fell 4.84% on Dec. 29, rose 0.61% on Dec. 30 and was down more than 3% on Dec. 31, according to Investing.com data.
Investors are also watching key levels after a steep pullback from earlier highs. The stock has traded between $111.85 and $194.01 over the past 52 weeks, Investing.com data shows, leaving the $120 area in play as a near-term gauge of risk appetite.
