WallStSmart

Freedom Holding Corp (FRHC)vsBRC Group Holdings, Inc. (RILY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Freedom Holding Corp generates 56% more annual revenue ($1.63B vs $1.05B). RILY leads profitability with a 50.8% profit margin vs 9.4%. RILY trades at a lower P/E of 0.6x. RILY earns a higher WallStSmart Score of 64/100 (C+).

FRHC

Avoid

33

out of 100

Grade: F

Growth: 7.3Profit: 4.0Value: 4.0Quality: 4.0
Piotroski: 4/9Altman Z: 0.84

RILY

Buy

64

out of 100

Grade: C+

Growth: 8.0Profit: 8.0Value: 6.7Quality: 4.0
Piotroski: 5/9Altman Z: 0.64

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRHC1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
146.7%10/10

Revenue surging 146.7% year-over-year

RILY5 strengths · Avg: 10.0/10
P/E RatioValuation
0.6x10/10

Attractively priced relative to earnings

Profit MarginProfitability
50.8%10/10

Keeps 51 of every $100 in revenue as profit

Operating MarginProfitability
40.2%10/10

Strong operational efficiency at 40.2%

Revenue GrowthGrowth
113.4%10/10

Revenue surging 113.4% year-over-year

EPS GrowthGrowth
11633.0%10/10

Earnings expanding 11633.0% YoY

Areas to Watch

FRHC4 concerns · Avg: 2.5/10
Return on EquityProfitability
0.2%3/10

ROE of 0.2% — below average capital efficiency

Debt/EquityHealth
1.573/10

Elevated debt levels

P/E RatioValuation
55.1x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-3.1%2/10

Earnings declined 3.1%

RILY4 concerns · Avg: 2.0/10
Market CapQuality
$308.93M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-3385.0%2/10

ROE of -3385.0% — below average capital efficiency

Altman Z-ScoreHealth
0.642/10

Distress zone — elevated risk

Debt/EquityHealth
17.371/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : FRHC

The strongest argument for FRHC centers on Revenue Growth. Revenue growth of 146.7% demonstrates continued momentum.

Bull Case : RILY

The strongest argument for RILY centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 50.8% and operating margin at 40.2%. Revenue growth of 113.4% demonstrates continued momentum.

Bear Case : FRHC

The primary concerns for FRHC are Return on Equity, Debt/Equity, P/E Ratio. A P/E of 55.1x leaves little room for execution misses. Debt-to-equity of 1.57 is elevated, increasing financial risk.

Bear Case : RILY

The primary concerns for RILY are Market Cap, Return on Equity, Altman Z-Score. Debt-to-equity of 17.37 is elevated, increasing financial risk.

Key Dynamics to Monitor

FRHC profiles as a hypergrowth stock while RILY is a growth play — different risk/reward profiles.

RILY carries more volatility with a beta of 1.16 — expect wider price swings.

FRHC is growing revenue faster at 146.7% — sustainability is the question.

RILY generates stronger free cash flow (223M), providing more financial flexibility.

Bottom Line

RILY scores higher overall (64/100 vs 33/100), backed by strong 50.8% margins and 113.4% revenue growth. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Freedom Holding Corp

FINANCIAL SERVICES · FINANCIAL CONGLOMERATES · USA

Freedom Holding Corp. The company is headquartered in Almaty, Kazakhstan.

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BRC Group Holdings, Inc.

FINANCIAL SERVICES · FINANCIAL CONGLOMERATES · USA

B. Riley Financial, Inc. provides collaborative financial services and solutions in North America, Australia and Europe. The company is headquartered in Los Angeles, California.

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