Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Mar. 31, 2025
ASSETS    
Cash and cash equivalents $ 869,167 $ 837,302
Restricted cash (including $$463,254 and $30 to related parties) 2,643,375 807,468
Investment securities 3,129,439 2,814,733
Margin lending, brokerage and other receivables, net 3,010,625 3,319,145
Loans issued (including $19,534 and $188,445 to related parties) 1,982,543 1,595,435
Fixed assets, net 328,805 191,103
Intangible assets, net 65,856 54,186
Goodwill 49,453 49,093
Right-of-use asset 41,929 39,828
Insurance contract assets 28,011 37,183
Other assets, net (including $37,559 and $18,080 with related parties) 227,607 168,541
Total assets 12,376,810 9,914,017
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Securities repurchase agreement obligations 1,055,274 1,418,443
Customer liabilities 6,815,396 4,304,999
Margin lending and trade payables 557,938 1,322,241
Liabilities from insurance activity 580,106 481,539
Current income tax liability 50,248 28,919
Debt securities issued 1,075,397 469,551
Lease liability 43,767 40,525
Liability arising from continuing involvement 520,397 503,705
Other liabilities 283,440 129,737
TOTAL LIABILITIES 10,981,963 8,699,659
Commitments and Contingent Liabilities (Note 23) 0 0
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock - $0.001 par value; 500,000,000 shares authorized; 61,180,039 shares issued and outstanding as of December 31, 2025, and 60,993,949 shares issued and outstanding as of March 31, 2025, respectively 61 61
Additional paid in capital 299,849 246,610
Retained earnings 1,230,917 1,085,565
Accumulated other comprehensive loss (135,980) (117,995)
TOTAL FRHC SHAREHOLDERS’ EQUITY 1,394,847 1,214,241
Non-controlling interest 0 117
TOTAL SHAREHOLDERS’ EQUITY 1,394,847 1,214,358
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,376,810 $ 9,914,017