Fold Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw revenue decline 26% year-over-year to $6.1 million, with a net loss of $9.7 million amid challenging Bitcoin market conditions. Strategic investments in credit, banking, and distribution are positioning the platform for broader growth, with early success in new products like the Fold Credit Card and expanded distribution channels.
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The meeting confirmed the election of directors and auditor ratification, reviewed strategic progress including new product launches and infrastructure upgrades, and outlined plans for scaling into a broader financial platform. No shareholder questions were submitted.
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Q1 2026 saw revenue and transaction declines due to Bitcoin market weakness, but foundational launches like the credit card and Bitcoin Bonus Program drove strong early engagement. Operating expenses and net loss improved year-over-year, and the company is positioned for growth as markets recover.
Fiscal Year 2025
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Revenue grew 34% year-over-year to $31.8M despite Q4 headwinds from Bitcoin volatility. The new Bitcoin Rewards Credit Card launched with 80,000+ on the wait list, and the company eliminated $66.3M in convertible debt, strengthening its balance sheet.
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Q3 2025 saw strong user and revenue growth, with transaction volumes up 43% and net revenues up 41% year-over-year. The company expanded its bitcoin product suite, launched new partnerships, and maintained a robust balance sheet, positioning for further growth in Q4 and 2026.
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Q2 2025 saw 59% revenue growth and a $13.4M net profit, driven by core business and a $37M Bitcoin treasury gain. New products like the Bitcoin gift card and credit card are set to expand revenue, with a $250M equity facility ready to support further growth.
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Revenue grew 45% year-over-year to $7.1M, with transaction volume up 70% and active accounts surpassing 600,000. New product launches, including a Bitcoin rewards credit card and gift card, are expected to drive further growth, though Q1 net loss was $48.9M due to non-cash adjustments.