Fold Holdings, Inc. FLD
Founded in 2019, Fold is a bitcoin-focused financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Fold was formed to build a modern financial services platform that allows consumers to accumulate, save, and use bitcoin in connection with their everyday financial lives and long-term planning.
Fold has built a banking and payments platform that operates across both U.S. dollars ("USD") and bitcoin, and is designed to connect these systems in a seamless manner. By integrating traditional banking services with bitcoin-based rewards and savings functionality, Fold seeks to help customers compound positive financial outcomes over time while maintaining familiar financial workflows.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $31.8M | $23.8M | — | — | — |
| SG&A | — | $2.9M | $3.7M | — | — |
| Total operating expenses | $59.5M | $29.6M | — | — | — |
| Operating income | — | -$2.9M | -$3.7M | -$1.8M | — |
| Interest expense | $5.7M | $234.0K | — | — | — |
| Pre-tax income | -$69.6M | -$65.1M | $6.8M | $1.8M | — |
| Income tax | $1.5K | $7.4K | $2.3M | $726.4K | — |
| Net income | -$69.6M | -$65.1M | $4.4M | $1.1M | — |
| EPS, basic | -1.65 | -11.15 | — | — | — |
| EPS, diluted | -1.65 | -11.15 | — | — | — |
| Shares, diluted (wtd. avg.) | 42.2M | 5.8M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $7.7M | $18.3M | $1.5M | $72.8K | $1.2M |
| Receivables | $728.0K | $451.5K | — | — | — |
| Inventory | $478.0K | $262.8K | — | — | — |
| Total current assets | $18.1M | $28.3M | $306.1K | $258.0K | $1.6M |
| Total assets | $153.5M | $125.7M | $166.0M | $255.7M | $225.2M |
| Accounts payable | $704.8K | $1.1M | $114.7K | $111.1K | — |
| Total current liabilities | $21.1M | $21.9M | $3.4M | $492.0K | $93.6K |
| Total liabilities | $90.5M | $193.5M | $4.5M | $10.4M | $8.9M |
| Retained earnings | -$170.9M | -$101.3M | -$11.3M | -$8.5M | -$6.0M |
| Total equity | $63.0M | -$67.8M | -$8.4M | -$8.5M | -$6.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$16.1M | -$3.3M | -$5.1M | -$1.7M | — |
| Stock-based compensation | $10.0M | $0 | — | — | — |
| Investing cash flow | -$9.0M | -$2.5M | $99.8M | -$28.4M | — |
| Financing cash flow | $14.4M | $22.7M | -$94.8M | $29.0M | — |
| Buybacks | — | $116.7M | $96.8M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-110808.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | — | $23.8M | $31.8M |
| Gross profit | — | — | — | — | — |
| Net income | — | $1.1M | $4.4M | -$65.1M | -$69.6M |
Recent filings and events
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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