FLD Research | Milton Maxwell

FLD

Fold Holdings, Inc.

3.0100

+0.2300+8.27%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

145.41M

P/E (TTM)

5.02

Basic EPS (TTM)

0.60

Dividend Yield

Recent Filings

8-K

Fold unveils 2026 bitcoin plans

1/27/26Jan 27, 2026

Fold Holdings disclosed 2026 plans via customer letter on January 27, including a rebuilt bitcoin credit card with Stripe and Visa, offering no annual fee and up to 4% bitcoin back monthly. Fold will eliminate Fold+ subscriptions, provide zero-fee recurring buys, and custody bitcoin via federally regulated BitGo with $250M insurance. Holds 1,526 bitcoin in treasury. Plans carry execution risks.

8-K

Amends Bitcoin loan terms

11/24/25Nov 24, 2025

Fold Holdings amended its Master Loan Agreement with Two Prime on November 19, 2025, hiking the interest rate to 8.5% per annum while easing collateral requirements—Initial Collateral Level drops to 160% from 250%, Collateral Call to 135%. The facility supports up to $45M in Bitcoin-collateralized fixed-term loans maturing September 30, 2026. Lender can now re-pledge rights in limited cases.

8-K

Q3 revenue up 41% YoY

11/10/25Nov 10, 2025

Fold Holdings reported Q3 revenue of $7.4 million, up 41% YoY, with net income of $0.6 million versus prior losses. Transaction volume hit $235 million, up 43%, while bitcoin treasury stood at 1,526 BTC. Secured $45M credit facility. Growth accelerates.

10-Q

Q3 FY2025 results

11/10/25Nov 10, 2025

Fold Holdings posted Q3 revenue of $7.4M, up 41% y/y from $5.2M, fueled by banking and payments jumping 35% y/y while custody and trading surged. Operating loss widened to $5.9M from $4.2M y/y, yet bitcoin investment treasury delivered $10.2M gain, flipping net to $0.01 diluted EPS (46.9M shares). Cash dipped to $6.7M amid $11.4M YTD operating burn, offset by $170M bitcoin holdings (800 BTC collateralized) and $66M convertible notes (March/June 2025, bitcoin-secured). $250M equity facility tapped for $3.5M. Bitcoin volatility swings earnings hard.

8-K

Secures $45M bitcoin-backed facility

10/1/25Oct 1, 2025

Fold Holdings' subsidiary inked a $45M revolving credit facility with Two Prime on October 1, 2025, secured by bitcoin collateral at 250% initial level. Loans carry 6.5% interest, mature October 1, 2026, funding working capital while preserving bitcoin treasury optionality. Bitcoin drops trigger margin calls at 175%, liquidation at 150%. Non-dilutive cash, yet volatility bites.

About

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. It offers consumers an FDIC insured checking account, a Visa prepaid debit card, bill payments, and an extensive catalog of merchant reward offers, as well as partners with third-party service providers that offer bitcoin exchange and custody services. The company also invests in and accumulates bitcoin for treasury. The company offers its products and services through the Fold mobile app. Fold Holdings, Inc. was founded in 2019 and is headquartered in Phoenix, Arizona.

CEO

Mr. William Reeves

IPO

2/9/2022

Website

https://foldapp.com

Employees

Sector

Financial Services

Industry

Capital Markets