FRHC Q1 revenue +39.8% to $732.5M; net income -15.2% to $31.7M; SEC Wells Notice disclosed

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

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  Company and CEO Timur Turlov received SEC Wells Notice on March 11, 2026, indicating staff's preliminary determination to recommend enforcement action. Investigation ongoing since 2021 via subpoenas and testimony requests.

  MD&A: SEC Wells Notice verify on EDGAR →
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  Banking customers grew 86% YoY to 5.4M; banking assets reached $6.0B (+12% from Mar 2026).

  MD&A: Turkish Bank acquisition & Banking segment verify on EDGAR →
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  Net income fell 15.2% to $31.7M despite 39.8% revenue growth, as operating expenses rose faster than revenue. Diluted EPS rose 3.8% to $0.52 due to share-count changes.

  Key Financials view on EDGAR →