Fold Holdings, Inc. (FLD) AI Stock Analysis

Fold Holdings, Inc. is a bitcoin financial services company that provides access to bitcoin through consumer financial products in the United States. Its platform allows consumers to accumulate, save, and use bitcoin through the Fold mobile application. The company offers an FDIC insured checking account, a Visa prepaid debit card, bill payment services, and merchant reward offers. In addition, it partners with third-party providers for bitcoin exchange and custody services, while investing in and accumulating bitcoin for its corporate treasury. Fold was founded in 2019, is based in Phoenix, Arizona, and employs 43 people.

Fold Holdings generated a 3-year revenue compound annual growth rate of 3.3% between FY2022 and FY2025. Annual revenue shifted from $28.9M in FY2022 to $21.5M in FY2023, $23.8M in FY2024, and reached $31.8M in FY2025. Gross margin expanded from -23.7% in FY2022 to 44.4% in FY2025. However, FY2025 operating margin was -87.2%, leading to net income of -$69.6M and EPS of -$0.78. Over the trailing twelve months ended June 30, 2026, revenue stood at $28.2M with a net profit margin of -258.6%. In the latest quarter ended June 30, 2026, quarterly revenue fell 25.5% year-over-year.

As of June 30, 2026, Fold Holdings held $28.4M in cash and short-term investments and $12.4M in total debt, leaving net cash of $15.9M. Total assets were $52.5M and shareholders' equity was $31.3M, supporting a current ratio of 1.84 and a debt-to-equity ratio of 0.40. Operating cash flow in FY2025 was -$16.1M, and free cash flow was -$16.1M. Capital expenditures were $951,669 for FY2025, while the company's 5-year share count increased by 4637.2%.

FLD has a market capitalization of $28.0M and an enterprise value of $15.1M. Its price-to-sales ratio is 1.0x and EV to EBITDA is 4.0x, both below the median of its US-listed Financial Services peers, which report 3.2x price-to-sales and 11.7x EV to EBITDA. Its price-to-book ratio is 1.0x. Over the past year, FLD returned -86.6%, trailing the S&P 500 benchmark return of 16.8%. The stock traded at $0.51 on October 16, 2026, which is 52.0% below its 200-day moving average.

Wall Street analysts hold 3 Strong Buy ratings on FLD, with 0 Buy, Hold, Sell, or Strong Sell ratings. The mean price target is $2.10, indicating 311.0% upside compared to the last close of $0.51. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $29.1M and an EPS of -$0.98. For the following fiscal year, analysts forecast revenue of $45.6M and an EPS of -$0.42. Over the last four quarters, the company beat EPS estimates 1 time. The next earnings date is November 9, 2026.

This page is an AI-written research summary of Fold Holdings, Inc. (FLD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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