# Joint Stock Company Kaspi.kz (KSPI)

- Sector: Technology · Industry: Software Infrastructure
- SEC CIK: 0001985487 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001985487))
- Full page: https://inspectstocks.com/stocks/kspi
- Data as of: price 2026-09-29; newest filing used 2026-08-12; latest fiscal period ended 2026-06-30

## Grade

**B+** on the growth-and-cash rubric, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed |  |  |
| Revenue growing recently | passed |  |  |
| Free cash flow positive | passed |  |  |
| Free cash flow growing overall | failed |  |  |
| Free cash flow growing recently | passed |  |  |

Business quality (the + / − mark): 4 of 4 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed |  |  |
| Healthy profit margin | passed |  |  |
| Good return on equity | passed |  |  |
| Turns sales into cash | passed |  |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, converted from KZT at today's spot rate (every period alike).

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $9.1B |
| Net income, trailing twelve months | $2.4B |
| Free cash flow, trailing twelve months | $1.1B |
| Net margin | 26.5% |
| Return on equity | 41.3% |
| Diluted EPS, trailing twelve months | $12.65 |
| Share price | $95.73 |
| Market value | $18.2B |
| Price / earnings | 7.6x |
| Price / sales | 2.0x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/kspi)
- [Financial statements](https://inspectstocks.com/stocks/kspi/financials)
- [Competitors](https://inspectstocks.com/stocks/kspi/peers)
- [Earnings](https://inspectstocks.com/stocks/kspi/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.