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Fold Holdings, Inc. logo

Fold Holdings, Inc.

FLD

NASDAQFinancial ServicesFinancial - Capital Markets

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Previous close

$0.4961

+$0.0443 · +9.81%

Aug 21, 4:00 PM ET

FLD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

17

Strong Down

Sentiment

58

Mixed

Risk resilience

37

High Risk

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Company profile

Company website

Fold Holdings, Inc., a bitcoin financial services company, provides access to bitcoin through a suite of consumer financial products in the United States. Its financial services platform allows consumers to accumulate, save, and use bitcoin to accomplish financial goals. The company offers consumers an FDIC insured checking account, a Visa prepaid debit card, bill payments services, and an extensive catalog of merchant reward offers, as well as partners with third-party service providers that offer bitcoin exchange and custody services. It also invests in and accumulates bitcoin for treasury. The company offers its products and services through the Fold mobile application. Fold Holdings, Inc. was founded in 2019 and is headquartered in Phoenix, Arizona.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
William Reeves
Listed since
Feb 9, 2022
Employees
43

Market position

Day range

Current $0.4961

52-week range

Current $0.4961

Open
$0.4755
Previous close
$0.4518
Volume
2.44M
1.05× average
Average volume
2.31M
Average daily volume
Market cap
25.19M USD
Beta
0.35
Market reference 1
50-day average
$0.4836
+2.59% above average
200-day average
$1.5424
-67.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
181.22M USD
EV / EBITDA
-2.86×
Earnings yield
-63.15%
Free cash flow yield
-14.63%

Profitability & efficiency

Return on equity
-110.48%
Return on assets
-45.35%
Return on invested capital
-19.48%

Financial health

Current ratio
0.86×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%-35%-140%-245%Gross margin, FY2022: -23.74%Gross margin, FY2023: -15.55%Gross margin, FY2025: 44.35%Operating margin, FY2022: -35.76%Operating margin, FY2023: -17.32%Operating margin, FY2025: -87.22%Net margin, FY2022: -41.46%Net margin, FY2023: 20.64%Net margin, FY2025: -218.88%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2022 -23.74%. Gross margin FY2023 -15.55%. Gross margin FY2025 44.35%. Operating margin FY2022 -35.76%. Operating margin FY2023 -17.32%. Operating margin FY2025 -87.22%. Net margin FY2022 -41.46%. Net margin FY2023 20.64%. Net margin FY2025 -218.88%.

Income trends

Revenue

31.79M USD+47.64%

Operating income

−27.73M USD-849.69%

Net income

−69.59M USD-3623.41%
Income trends across reported periods41.93M USD1.38M USD−39.18M USD−79.73M USDRevenue, FY2022: 28.88M USDRevenue, FY2023: 21.53M USDRevenue, FY2025: 31.79M USDOperating income, FY2021: −120.62K USDOperating income, FY2022: −10.33M USDOperating income, FY2023: −3.73M USDOperating income, FY2024: −2.92M USDOperating income, FY2025: −27.73M USDNet income, FY2021: −120K USDNet income, FY2022: −11.97M USDNet income, FY2023: 4.44M USDNet income, FY2024: −1.87M USDNet income, FY2025: −69.59M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2022 28.88M USD. Revenue FY2023 21.53M USD. Revenue FY2025 31.79M USD. Operating income FY2021 −120.62K USD. Operating income FY2022 −10.33M USD. Operating income FY2023 −3.73M USD. Operating income FY2024 −2.92M USD. Operating income FY2025 −27.73M USD. Net income FY2021 −120K USD. Net income FY2022 −11.97M USD. Net income FY2023 4.44M USD. Net income FY2024 −1.87M USD. Net income FY2025 −69.59M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue31.79M USD—21.53M USD28.88M USD—
Cost of goods sold17.69M USD—24.88M USD35.73M USD—
Gross profit14.1M USD—−3.35M USD−6.86M USD—
Research and development——400K USD——
Selling, general, and administrative11.99M USD2.92M USD3.73M USD2.43M USD120.62K USD
Operating expenses41.83M USD2.92M USD2.57M USD3.47M USD120.62K USD
Interest income—2.95M USD11.21M USD—636 USD
Interest expense5.71M USD434.7K USD———
Depreciation and amortization557.98K USD29.09K USD29.09K USD250.14K USD120.62K USD
Operating income−27.73M USD−2.92M USD−3.73M USD−10.33M USD−120.62K USD
Net income−69.59M USD−1.87M USD4.44M USD−11.97M USD−120K USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 6 misses, 0 met estimates
Average EPS surprise
-455.78%
6 comparable reports
Latest EPS result
-0.19
Estimate -0.15 · Miss by 26.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.29-0.5-1.29-2.08Q1 '25No estimateQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 0.13, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual -1.92, estimate -0.1, surprise -1820.00%, Miss. Q3 2025, reported Aug 12, 2025: actual -0.18, estimate -0.1, surprise -80.00%, Miss. Q4 2025, reported Nov 10, 2025: actual -0.15, estimate -0.12, surprise -25.00%, Miss. Q1 2026, reported Mar 17, 2026: actual -0.86, estimate -0.14, surprise -514.29%, Miss. Q2 2026, reported May 12, 2026: actual -0.59, estimate -0.16, surprise -268.75%, Miss. Q3 2026, reported Aug 11, 2026: actual -0.19, estimate -0.15, surprise -26.67%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate -0.1, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.33M9.92M7.51M5.09MQ1 '25No estimateQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 5.96M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 7.09M USD, estimate 8.4M USD, surprise -15.62%, Miss. Q3 2025, reported Aug 12, 2025: actual 8.18M USD, estimate 11.83M USD, surprise -30.91%, Miss. Q4 2025, reported Nov 10, 2025: actual 7.4M USD, estimate 10.12M USD, surprise -26.86%, Miss. Q1 2026, reported Mar 17, 2026: actual 9.1M USD, estimate 10.12M USD, surprise -10.05%, Miss. Q2 2026, reported May 12, 2026: actual 5.59M USD, estimate 10M USD, surprise -44.05%, Miss. Q3 2026, reported Aug 11, 2026: actual 6.09M USD, estimate 7.67M USD, surprise -20.61%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 7.64M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$2.60

424.09% upside
Past 12 months12-month forecastHigh $3.50Average $2.60Low $1.70

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ETFs holding FLD

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
479.7K
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
73.14K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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