Annual report pursuant to Section 13 and 15(d)

RECAST - Condensed Consolidated Balance Sheet (Details)

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RECAST - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
ASSETS        
Cash and cash equivalents     $ 225,464  
Restricted cash     547,950  
Trading securities $ 3,688,620 $ 2,412,556 1,158,377  
Available-for-sale securities, at fair value     161,364  
Margin lending, brokerage and other receivables, net 1,660,275 376,329 147,659  
Loans issued     92,446  
Fixed assets, net 83,002 54,017 17,823  
Intangible assets, net 47,668 17,615 5,163  
Goodwill 52,648 14,192 5,898  
Right-of-use asset 36,324 30,345 7,431  
Insurance contract assets 24,922 13,785 5,712  
Other assets     29,641  
Assets held for sale     825,419  
Total assets 8,301,930 5,084,558 3,230,347  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations 2,756,596 1,517,416 840,224  
Customer liabilities 2,273,830 1,925,247 765,628  
Margin lending and trade payables 867,880 122,900 45,083  
Liabilities from insurance activity (including $470 and $34 to related parties) 297,180 182,502 122,087  
Current income tax liability 32,996 4,547 14,556  
Securities sold, not yet purchased – at fair value     13,865  
Debt securities issued 267,251 60,025 34,390  
Lease liability 35,794 30,320 7,504  
Liability arising from continuing involvement     6,447  
Other liabilities     21,477  
Liabilities held for sale     812,478  
Total liabilities 7,134,972 4,313,822 2,683,739  
Commitments and Contingent Liabilities 0 0 0  
Equity [Abstract]        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding 0 0 0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively 60 59 59  
Additional paid in capital 183,788 164,162 174,745  
Retained earnings 998,740 647,064 441,924  
Accumulated other comprehensive loss (18,938) (34,000) (63,125)  
TOTAL FRHC SHAREHOLDERS’ EQUITY 1,163,650 777,285 553,603  
Non-controlling interest 3,308 (6,549) (6,995)  
TOTAL SHAREHOLDERS’ EQUITY 1,166,958 770,736 546,608 $ 307,674
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,301,930 $ 5,084,558 3,230,347  
As previously reported        
ASSETS        
Cash and cash equivalents     224,663  
Restricted cash     547,950  
Trading securities     1,080,982  
Available-for-sale securities, at fair value     1  
Margin lending, brokerage and other receivables, net     147,480  
Loans issued     92,403  
Fixed assets, net     17,387  
Intangible assets, net     3,512  
Goodwill     5,388  
Right-of-use asset     6,747  
Insurance contract assets     0  
Other assets     19,351  
Assets held for sale     825,419  
Total assets     2,971,283  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations     742,710  
Customer liabilities     766,627  
Margin lending and trade payables     45,082  
Liabilities from insurance activity (including $470 and $34 to related parties)     0  
Current income tax liability     14,556  
Securities sold, not yet purchased – at fair value     13,865  
Debt securities issued     34,390  
Lease liability     6,785  
Liability arising from continuing involvement     6,447  
Other liabilities     20,668  
Liabilities held for sale     812,478  
Total liabilities     2,463,608  
Commitments and Contingent Liabilities     0  
Equity [Abstract]        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding     0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively     59  
Additional paid in capital     141,340  
Retained earnings     426,563  
Accumulated other comprehensive loss     (53,291)  
TOTAL FRHC SHAREHOLDERS’ EQUITY     514,671  
Non-controlling interest     (6,996)  
TOTAL SHAREHOLDERS’ EQUITY     507,675  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     2,971,283  
ASC 326 Adoption Impact | FF Life acquisition        
ASSETS        
Cash and cash equivalents     1,429  
Restricted cash     0  
Trading securities     8,875  
Available-for-sale securities, at fair value     161,363  
Margin lending, brokerage and other receivables, net     172  
Loans issued     43  
Fixed assets, net     182  
Intangible assets, net     1,490  
Goodwill     359  
Right-of-use asset     532  
Insurance contract assets     3,555  
Other assets     9,863  
Assets held for sale     0  
Total assets     187,863  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations     47,690  
Customer liabilities     0  
Margin lending and trade payables     0  
Liabilities from insurance activity (including $470 and $34 to related parties)     108,925  
Current income tax liability     0  
Securities sold, not yet purchased – at fair value     0  
Debt securities issued     0  
Lease liability     543  
Liability arising from continuing involvement     0  
Other liabilities     551  
Liabilities held for sale     0  
Total liabilities     157,709  
Commitments and Contingent Liabilities     0  
Equity [Abstract]        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding     0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively     9,465  
Additional paid in capital     0  
Retained earnings     28,132  
Accumulated other comprehensive loss     (7,444)  
TOTAL FRHC SHAREHOLDERS’ EQUITY     30,153  
Non-controlling interest     1  
TOTAL SHAREHOLDERS’ EQUITY     30,154  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     187,863  
ASC 326 Adoption Impact | FF Life acquisition | Eliminations        
ASSETS        
Cash and cash equivalents     (917)  
Restricted cash     0  
Trading securities     0  
Available-for-sale securities, at fair value     0  
Margin lending, brokerage and other receivables, net     (34)  
Loans issued     0  
Fixed assets, net     0  
Intangible assets, net     0  
Goodwill     0  
Right-of-use asset     0  
Insurance contract assets     0  
Other assets     0  
Assets held for sale     0  
Total assets     (951)  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations     0  
Customer liabilities     (917)  
Margin lending and trade payables     0  
Liabilities from insurance activity (including $470 and $34 to related parties)     0  
Current income tax liability     0  
Securities sold, not yet purchased – at fair value     0  
Debt securities issued     0  
Lease liability     0  
Liability arising from continuing involvement     0  
Other liabilities     (34)  
Liabilities held for sale     0  
Total liabilities     (951)  
Commitments and Contingent Liabilities     0  
Equity [Abstract]        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding     0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively     (9,464)  
Additional paid in capital     16,498  
Retained earnings     (6,665)  
Accumulated other comprehensive loss     (369)  
TOTAL FRHC SHAREHOLDERS’ EQUITY     0  
Non-controlling interest     0  
TOTAL SHAREHOLDERS’ EQUITY     0  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     (951)  
ASC 326 Adoption Impact | FF Insurance acquisition        
ASSETS        
Cash and cash equivalents     371  
Restricted cash     0  
Trading securities     68,520  
Available-for-sale securities, at fair value     0  
Margin lending, brokerage and other receivables, net     61  
Loans issued     0  
Fixed assets, net     254  
Intangible assets, net     161  
Goodwill     151  
Right-of-use asset     152  
Insurance contract assets     2,157  
Other assets     427  
Assets held for sale     0  
Total assets     72,254  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations     49,824  
Customer liabilities     0  
Margin lending and trade payables     21  
Liabilities from insurance activity (including $470 and $34 to related parties)     13,162  
Current income tax liability     0  
Securities sold, not yet purchased – at fair value     0  
Debt securities issued     0  
Lease liability     176  
Liability arising from continuing involvement     0  
Other liabilities     292  
Liabilities held for sale     0  
Total liabilities     63,475  
Commitments and Contingent Liabilities     0  
Equity [Abstract]        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding     0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively     15,576  
Additional paid in capital     0  
Retained earnings     (4,812)  
Accumulated other comprehensive loss     (1,985)  
TOTAL FRHC SHAREHOLDERS’ EQUITY     8,779  
Non-controlling interest     0  
TOTAL SHAREHOLDERS’ EQUITY     8,779  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     72,254  
ASC 326 Adoption Impact | FF Insurance acquisition | Eliminations        
ASSETS        
Cash and cash equivalents     (82)  
Restricted cash     0  
Trading securities     0  
Available-for-sale securities, at fair value     0  
Margin lending, brokerage and other receivables, net     (20)  
Loans issued     0  
Fixed assets, net     0  
Intangible assets, net     0  
Goodwill     0  
Right-of-use asset     0  
Insurance contract assets     0  
Other assets     0  
Assets held for sale     0  
Total assets     (102)  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations     0  
Customer liabilities     (82)  
Margin lending and trade payables     (20)  
Liabilities from insurance activity (including $470 and $34 to related parties)     0  
Current income tax liability     0  
Securities sold, not yet purchased – at fair value     0  
Debt securities issued     0  
Lease liability     0  
Liability arising from continuing involvement     0  
Other liabilities     0  
Liabilities held for sale     0  
Total liabilities     (102)  
Commitments and Contingent Liabilities     0  
Equity [Abstract]        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding     0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively     (15,577)  
Additional paid in capital     16,907  
Retained earnings     (1,294)  
Accumulated other comprehensive loss     (36)  
TOTAL FRHC SHAREHOLDERS’ EQUITY     0  
Non-controlling interest     0  
TOTAL SHAREHOLDERS’ EQUITY     0  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     $ (102)