KSPI
Joint Stock Company Kaspi.kz
NasdaqGSUSDEQUITY
Technology
DELAYED
Neutral
+7/100
Last price
92.07
▼ 1.09 (1.17%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
92.94
Prev close
93.16
Day high
93.55
Day low
91.78
Volume
38.63K
Market cap
$17.50B
P/E (TTM)
8.44
52W range
68.59 – 109.94
Day trading desk
Gap from prior close
-0.24%
Prior close 93.16
VWAP
92.35
-0.31% from price
Relative volume
0.07×
Quiet session
Session range
1.26%
91.78 – 92.94
Position in range
25%
Near session low
ATR (14D)
2.55
2.77% of price
Prior day high
94.90
PDH
Prior day low
92.70
PDL
Bid / ask spread
—
Quote not published
Session volume
38.17K
Avg 538.77K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-2.12%
-3.9%
1M
-14.12%
-15.4%
3M
+3.92%
+0.7%
6M
+20.51%
+5.7%
YTD
+17.84%
+4.1%
1Y
+18.63%
+3.1%
3Y
—
-81.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on KSPI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
38.72M
Total on file
Fundamentals
Market cap$17.50B
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA$2.48T
Net income—
EPS (TTM)$10.91
Free cash flow$-612.42B
Total cash—
Total debt—
Book value / share$11,908.49
Shares outstanding190.03M
Float104.26M
Short % of float0.83%
Dividend yield6.15%
Beta (5Y)0.18
Valuation & profitability ratios
Trailing P/E8.44
Forward P/E0.01
PEG ratio—
Price / sales—
Price / book0.01
EV / revenue—
EV / EBITDA—
Gross margin69.44%
Operating margin0.00%
Profit margin24.15%
Return on equity44.78%
Return on assets13.54%
Debt / equity22.17
Current ratio6.52
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $4.03T | $2.52T | $1.89T | $1.25T | +59.8% |
| Operating revenue | $4.03T | $2.52T | $1.89T | $1.25T | +59.8% |
| Cost of revenue | $2.12T | $949.47B | $671.84B | $383.61B | +123.2% |
| Gross profit | $1.91T | $1.57T | $1.22T | $870.60B | +21.4% |
| Research & development | $208.58B | $109.55B | $88.66B | $60.81B | +90.4% |
| Selling, general & admin | $224.48B | $76.89B | $51.36B | $50.39B | +192.0% |
| Total operating expense | $594.71B | $300.40B | $219.65B | $166.41B | +98.0% |
| Operating income | $1.31T | $1.27T | $998.80B | $704.19B | +3.4% |
| Pre-tax income | $1.33T | $1.28T | $1.02T | $720.57B | +3.9% |
| Tax provision | $264.21B | $225.46B | $173.23B | $131.73B | +17.2% |
| Net income | $1.07T | $1.04T | $841.35B | $585.03B | +3.2% |
| Net income to common | $1.07T | $1.04T | $841.35B | $585.03B | +3.2% |
| Basic EPS | 5,631.00 | 5,477.00 | 4,431.00 | 3,051.00 | +2.8% |
| Diluted EPS | 5,592.00 | 5,431.00 | 4,381.00 | 3,016.00 | +3.0% |
| EBIT | $1.31T | $1.27T | $998.80B | $704.19B | +3.4% |
| EBITDA | $1.31T | $1.27T | $998.80B | $704.19B | +3.4% |
| Basic shares | 190.58M | 189.83M | 189.86M | 191.73M | +0.4% |
| Diluted shares | 191.90M | 191.43M | 192.06M | 193.99M | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $903.14B | $619.47B | $820.47B | $615.36B | +45.8% |
| Cash & short-term investments | $2.06T | $2.11T | $2.20T | $1.72T | -2.4% |
| Accounts receivable | $26.38B | $0 | — | — | — |
| Inventory | $124.52B | $16.16B | $14.37B | $2.27B | +670.4% |
| Total current assets | $9.84T | $8.02T | $5.03T | $3.85T | +22.7% |
| Property, plant & equipment | $313.90B | $193.21B | $142.73B | $116.54B | +62.5% |
| Goodwill & intangibles | $847.59B | $93.52B | $65.69B | $15.30B | +806.3% |
| Total assets | $11.08T | $8.38T | $6.82T | $5.12T | +32.3% |
| Total current liabilities | $7.99T | $6.70T | $5.70T | $4.26T | +19.3% |
| Current debt | $100.82B | $145.93B | $222.00B | $245.38B | -30.9% |
| Long-term debt | $348.18B | $75.52B | $154.00M | $21.68B | +361.0% |
| Total debt | $470.58B | $221.46B | $222.16B | $267.06B | +112.5% |
| Total liabilities | $8.48T | $6.80T | $5.72T | $4.30T | +24.6% |
| Retained earnings | $2.54T | $1.47T | $1.05T | $762.50B | +73.6% |
| Shareholder equity | $2.49T | $1.52T | $1.08T | $819.16B | +64.2% |
| Working capital | $1.85T | $1.32T | -$670.91B | -$407.88B | +39.9% |
| Net tangible assets | $1.64T | $1.42T | $1.01T | $803.86B | +15.5% |
| Shares issued | 199.50M | 199.50M | 199.50M | 190.31M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Change in working capital | -$734.10B | -$582.62B | $284.94B | $382.48B | -26.0% |
| Operating cash flow | $673.61B | $581.89B | $1.11T | $1.02T | +15.8% |
| Capital expenditure | -$182.51B | -$95.73B | -$50.26B | -$59.47B | -90.7% |
| Investing cash flow | -$507.80B | -$108.36B | -$218.36B | -$487.16B | -368.6% |
| Share buybacks | -$21.91B | -$2.85B | -$60.70B | -$63.67B | -668.1% |
| Dividends paid | $0 | -$646.06B | -$560.13B | -$210.10B | +100.0% |
| Financing cash flow | $150.25B | -$709.77B | -$675.97B | -$275.91B | +121.2% |
| Free cash flow | $491.10B | $486.17B | $1.06T | $961.52B | +1.0% |
| End cash position | $903.14B | $619.47B | $820.47B | $615.36B | +45.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.10T | $1.06T | $1.14T | $1.10T | $969.51B | +4.6% |
| Operating revenue | $1.10T | $1.06T | $1.14T | $1.10T | $969.51B | +4.6% |
| Cost of revenue | $308.90B | $589.39B | $624.02B | $598.15B | $278.69B | -47.6% |
| Gross profit | $795.13B | $466.43B | $519.48B | $500.61B | $690.82B | +70.5% |
| Research & development | $63.70B | $61.58B | $56.74B | $58.05B | $50.89B | +3.5% |
| Selling, general & admin | $56.50B | $53.30B | $71.97B | $66.05B | $44.30B | +6.0% |
| Total operating expense | $179.53B | $168.94B | $166.53B | $165.50B | $140.11B | +6.3% |
| Operating income | $615.61B | $297.50B | $352.95B | $335.10B | $550.71B | +106.9% |
| Net interest income | -$285.60B | — | — | — | -$218.29B | — |
| Pre-tax income | $327.98B | $322.30B | $356.00B | $346.51B | $321.96B | +1.8% |
| Tax provision | $69.09B | $70.39B | $79.01B | $68.47B | $63.33B | -1.8% |
| Net income | $256.73B | $249.39B | $284.38B | $279.42B | $257.33B | +2.9% |
| Net income to common | $256.73B | $249.39B | $284.38B | $279.42B | $257.33B | +2.9% |
| Basic EPS | 1,352.00 | 1,313.00 | 1,456.06 | 1,465.00 | 1,348.00 | +3.0% |
| Diluted EPS | 1,346.00 | 1,308.00 | 1,456.06 | 1,458.00 | 1,343.00 | +2.9% |
| EBIT | $613.58B | $297.50B | $352.95B | $335.10B | $540.24B | +106.2% |
| EBITDA | $616.81B | $300.71B | $352.95B | $335.10B | $543.23B | +105.1% |
| Basic shares | 189.89M | 189.87M | 190.23M | 190.73M | 190.90M | +0.0% |
| Diluted shares | 190.74M | 190.65M | 190.23M | 191.64M | 191.61M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $998.61B | $797.08B | $903.14B | $501.52B | $1.08T | +25.3% |
| Cash & short-term investments | $2.55T | $1.98T | $2.06T | $1.77T | $2.25T | +28.7% |
| Accounts receivable | — | — | $26.38B | — | — | — |
| Inventory | $110.64B | $106.00B | $124.52B | $142.28B | $111.48B | +4.4% |
| Total current assets | $10.63T | $9.73T | $9.84T | $9.06T | $8.87T | +9.2% |
| Property, plant & equipment | $748.24B | $715.01B | $313.90B | $427.93B | $396.95B | +4.6% |
| Goodwill & intangibles | $459.12B | $448.60B | $847.59B | $617.72B | $569.49B | +2.3% |
| Total assets | $12.06T | $11.10T | $11.08T | $10.35T | $10.05T | +8.6% |
| Total current liabilities | $8.44T | $7.71T | $7.99T | $7.38T | $7.00T | +9.5% |
| Current debt | $76.98B | $76.84B | $100.82B | — | — | +0.2% |
| Long-term debt | $612.31B | $334.79B | $348.18B | $438.05B | $591.47B | +82.9% |
| Total debt | $689.30B | $411.64B | $470.58B | $438.05B | $591.47B | +67.5% |
| Total liabilities | $9.33T | $8.32T | $8.48T | $8.01T | $8.02T | +12.1% |
| Retained earnings | $2.70T | $2.77T | $2.54T | $2.27T | $1.99T | -2.5% |
| Shareholder equity | $2.64T | $2.68T | $2.49T | $2.27T | $1.95T | -1.7% |
| Working capital | $2.19T | $2.03T | $1.85T | $1.68T | $1.87T | +8.2% |
| Net tangible assets | $2.18T | $2.24T | $1.64T | $1.65T | $1.38T | -2.5% |
| Shares issued | 190.03M | 199.50M | 199.50M | 199.50M | 199.50M | -4.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Change in working capital | $347.04B | -$291.63B | $92.04B | -$417.18B | $79.19B | +219.0% |
| Operating cash flow | $711.42B | $86.51B | $460.06B | -$111.43B | $449.65B | +722.4% |
| Capital expenditure | -$56.40B | -$32.96B | -$72.00B | -$32.22B | -$51.47B | -71.1% |
| Investing cash flow | -$451.25B | -$88.65B | $29.65B | -$409.89B | -$12.15B | -409.0% |
| Share buybacks | $0 | -$28.37B | -$21.91B | $0 | $0 | +100.0% |
| Dividends paid | — | — | $0 | $0 | — | — |
| Financing cash flow | -$53.54B | -$80.28B | -$66.14B | -$60.07B | -$49.59B | +33.3% |
| Free cash flow | $655.01B | $53.55B | $388.06B | -$143.65B | $398.19B | +1,123.3% |
| End cash position | $998.61B | $797.08B | $903.14B | $501.52B | $1.08T | +25.3% |
Options analytics
Put / call volume
1.20
Put-heavy session
Put / call open interest
2.51
Positioning, not flow
Max pain
100.00
+8.6% from spot
ATM implied vol
71.3%
Nearest strike to spot
Skew (10% OTM)
-10.4%
Calls bid over puts
Call volume
15
Contracts, this expiry
Put volume
18
Contracts, this expiry
Heaviest call OI
100.00
128 contracts
Heaviest put OI
95.00
400 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1,295.25 | — | — |
| Mar 2026 | 1,226.71 | 1,335.65 | +8.9% |
| Dec 2025 | 1,609.42 | 1,470.00 | -8.7% |
| Sep 2025 | 1,571.18 | 1,458.00 | -7.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1,420.40 | 1 | $1.25T | +12.2% |
| Next quarter | 1,514.14 | 1 | $1.28T | +12.0% |
| Current year | 5,844.96 | 3 | $4.72T | +16.7% |
| Next year | 6,629.91 | 3 | $5.53T | +17.0% |
Analyst targets & ownership
Mean target$107.89
High target$135.66
Low target$88.42
Implied upside17.18%
Analyst count7
ConsensusBUY
Strong buy / Buy0 / 4
Hold3
Sell / Strong sell0 / 0
Held by insiders20.38%
Held by institutions47.55%
Institutions holding320
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
93.94
-1.99% from price
SMA 20
95.76
-3.85% from price
SMA 50
98.12
-6.17% from price
SMA 100
92.55
-0.51% from price
SMA 200
85.35
+7.88% from price
EMA 12
94.47
-2.54% from price
EMA 26
96.29
-4.38% from price
EMA 50
96.07
-4.16% from price
RSI (14)
37.5
Neutral
MACD (12,26,9)
-1.82
Hist -0.41
ATR (14)
2.55
2.77% of price
Realised vol 30D
30.8%
Annualised
Bollinger upper
100.59
20, 2σ
Bollinger lower
90.92
20, 2σ
50 / 200 cross
Golden
98.12 vs 85.35
Trend bias
Above 200
+7.88%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.04
More volatile than market
Correlation to SPY
0.40
Loosely linked
Realised vol 30D
30.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-18.2%
Peak to trough
Max drawdown 5Y
-50.4%
Peak to trough
ATR 14
2.55
2.77% of price
Beta (reported)
0.18
5Y monthly, from filing
Short interest
Shares short
850.62K
Prior 1.09M
Change vs prior
-22.3%
Shorts covering
% of float
0.83%
Normal
% of shares out
0.45%
Against total outstanding
Days to cover
1.2
Liquid
Float
104.26M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 25, 26 | Wolfe Research | MAINTAINED | Outperform | Outperform |
| Aug 12, 26 | Susquehanna | MAINTAINED | Neutral | Neutral |
| Mar 6, 26 | Freedom Broker | INITIATED | — | Hold |
| Aug 20, 25 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| Aug 1, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| May 13, 25 | Susquehanna | MAINTAINED | Positive | Positive |
| Dec 2, 24 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Nov 4, 24 | Citigroup | INITIATED | — | Buy |
| Aug 20, 24 | JP Morgan | MAINTAINED | Overweight | Overweight |
| May 7, 24 | New Street Research | INITIATED | — | Buy |
| Mar 11, 24 | JP Morgan | INITIATED | — | Overweight |
| Feb 27, 24 | Susquehanna | INITIATED | — | Positive |
Dividends & splits
Forward rate$5.74 / yr
Forward yield6.15%
5-year avg yield4.37%
Payout ratio33.12%
Ex-dividend dateSep 10, 2026
Next pay dateSep 17, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-10
Corporate Changes & Voting Matters
6-K · 2026-08-12
Corporate Changes & Voting Matters
6-K · 2026-08-10
Corporate Changes & Voting Matters
6-K · 2026-06-12
Corporate Changes & Voting Matters
6-K · 2026-05-14
Corporate Changes & Voting Matters
6-K · 2026-05-12
Corporate Changes & Voting Matters
6-K · 2026-05-11
Corporate Changes & Voting Matters
6-K · 2026-04-24
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.