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Side-by-side financial comparison of Freedom Holding Corp. (FRHC) and iQIYI, Inc. (IQ). Click either name above to swap in a different company.

iQIYI, Inc. is the larger business by last-quarter revenue ($971.6M vs $628.6M, roughly 1.5× Freedom Holding Corp.).

Freedom Holding Corp. is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, banking and other consumer services. Its main area of focus is in the American stock market, as well as the markets of Europe and Central Asia, mainly Kazakhstan.

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

FRHC vs IQ — Head-to-Head

Bigger by revenue
IQ
IQ
1.5× larger
IQ
$971.6M
$628.6M
FRHC

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
FRHC
FRHC
IQ
IQ
Revenue
$628.6M
$971.6M
Net Profit
$76.2M
Gross Margin
96.0%
Operating Margin
14.9%
0.8%
Net Margin
12.1%
Revenue YoY
-4.1%
Net Profit YoY
-2.6%
EPS (diluted)
$1.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FRHC
FRHC
IQ
IQ
Q1 26
$971.6M
Q4 25
$628.6M
Q3 25
$526.1M
Q2 25
$533.4M
Q1 25
$363.7M
$906.0M
Q4 24
$655.2M
Q3 24
$580.9M
Q2 24
$450.7M
Net Profit
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
$76.2M
Q3 25
$38.7M
Q2 25
$30.4M
Q1 25
$-142.7M
Q4 24
$78.3M
Q3 24
$114.7M
Q2 24
$34.4M
Gross Margin
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
96.0%
Q3 25
97.1%
Q2 25
97.4%
Q1 25
96.6%
Q4 24
98.6%
Q3 24
99.1%
Q2 24
99.0%
Operating Margin
FRHC
FRHC
IQ
IQ
Q1 26
0.8%
Q4 25
14.9%
Q3 25
11.5%
Q2 25
7.6%
Q1 25
-42.7%
4.3%
Q4 24
15.0%
Q3 24
22.1%
Q2 24
9.2%
Net Margin
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
12.1%
Q3 25
7.4%
Q2 25
5.7%
Q1 25
-39.2%
Q4 24
11.9%
Q3 24
19.7%
Q2 24
7.6%
EPS (diluted)
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
$1.25
Q3 25
$0.63
Q2 25
$0.50
Q1 25
$-2.35
Q4 24
$1.29
Q3 24
$1.89
Q2 24
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRHC
FRHC
IQ
IQ
Cash + ST InvestmentsLiquidity on hand
$869.2M
$4.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$13.3M
Total Assets
$12.4B
$46.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRHC
FRHC
IQ
IQ
Q1 26
$4.4M
Q4 25
$869.2M
Q3 25
$636.0M
Q2 25
$567.9M
Q1 25
$837.3M
$3.5M
Q4 24
$577.9M
Q3 24
$569.2M
Q2 24
$718.7M
Stockholders' Equity
FRHC
FRHC
IQ
IQ
Q1 26
$13.3M
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
$13.4M
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.1B
Total Assets
FRHC
FRHC
IQ
IQ
Q1 26
$46.7M
Q4 25
$12.4B
Q3 25
$10.3B
Q2 25
$9.7B
Q1 25
$9.9B
$45.8M
Q4 24
$9.1B
Q3 24
$8.8B
Q2 24
$8.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRHC
FRHC
IQ
IQ
Operating Cash FlowLast quarter
$717.8M
Free Cash FlowOCF − Capex
$651.7M
FCF MarginFCF / Revenue
103.7%
Capex IntensityCapex / Revenue
10.5%
Cash ConversionOCF / Net Profit
9.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
$717.8M
Q3 25
$535.3M
Q2 25
$480.8M
Q1 25
$1.3B
Q4 24
$-72.8M
Q3 24
$-438.0M
Q2 24
$854.1M
Free Cash Flow
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
$651.7M
Q3 25
$456.4M
Q2 25
$450.0M
Q1 25
Q4 24
$-92.7M
Q3 24
$-447.5M
Q2 24
$829.9M
FCF Margin
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
103.7%
Q3 25
86.7%
Q2 25
84.4%
Q1 25
Q4 24
-14.1%
Q3 24
-77.0%
Q2 24
184.1%
Capex Intensity
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
10.5%
Q3 25
15.0%
Q2 25
5.8%
Q1 25
Q4 24
3.0%
Q3 24
1.6%
Q2 24
5.4%
Cash Conversion
FRHC
FRHC
IQ
IQ
Q1 26
Q4 25
9.42×
Q3 25
13.82×
Q2 25
15.82×
Q1 25
Q4 24
-0.93×
Q3 24
-3.82×
Q2 24
24.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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