Fold Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw lower transaction volumes and revenues due to a sharp Bitcoin price decline, but foundational launches like the credit card and Bitcoin Bonus Program position the platform for future growth. Operating expenses fell 19%, and net loss narrowed year-over-year.
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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Q1 2025 revenue grew 45% year-over-year to $7.1M, with transaction volume up 70% and strong customer growth. New Bitcoin credit card and gift card launches are set to expand the addressable market, while treasury Bitcoin holdings now represent 80% of market cap.