Fold Holdings Earnings Call Transcripts
Fiscal Year 2026
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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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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.