Fold Holdings, Inc. (FLD) Income Statement
FLD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFLD revenue and net income
Where FLD's revenue goes
2025Each bar shows an amount and its share of revenue. FLD kept −218.9% of revenue as net income.
FLD profit margins
FLD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +33.9% | +3.3% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FLD quarterly EPS vs estimates
Fold beat the analyst EPS estimate in 3 of the last 6 quarters. Next report: November 9, 2026 (estimate $-0.10).
FLD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $31.8M | $23.8M | $21.5M | $28.9M | $0 |
| Cost of revenue | $17.7M | $25.9M | $24.9M | $35.7M | — |
| Gross profit | $14.1M | −$2.2M | −$3.3M | −$6.9M | — |
| Research & development | — | — | $400,000 | — | — |
| Sales, general & admin | $12.0M | $2.9M | $3.7M | $2.4M | — |
| Total operating expenses | $41.8M | $2.9M | $2.6M | $3.5M | $120,622 |
| Operating income | −$27.7M | −$2.9M | −$3.7M | −$10.3M | −$120,622 |
| Interest income | — | $3.0M | $11.2M | $3.6M | — |
| Interest expense | $5.7M | $434,696 | $0 | — | — |
| Income before taxes | −$69.6M | −$1.2M | $6.8M | −$12.0M | −$119,986 |
| Income taxes | $1,472 | $628,508 | $2.3M | $10,715 | $636 |
| Net income | −$69.6M | −$1.9M | $4.4M | −$12.0M | −$120,000 |
| EBITDA | −$63.3M | −$2.6M | −$3.5M | −$10.1M | $636 |
| EPS (diluted) | −$0.78 | −$0.02 | $0.14 | $0.03 | −$0.11 |
| Gross margin | 44.4% | −9.1% | −15.5% | −23.7% | — |
| Operating margin | −87.2% | −12.3% | −17.3% | −35.8% | — |
| Net margin | −218.9% | −7.9% | 20.6% | −41.5% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1M | $5.6M | $9.1M | $7.4M | $8.2M | $7.1M | $0 | $5.2M | $5.0M | $4.9M | $5.7M | $5.0M |
| Cost of revenue | $3.8M | $4.0M | −$17.6M | $10.5M | $11.5M | $13.3M | $16.9M | $828,984 | $5.6M | $778,653 | $725,069 | $1.0M |
| Gross profit | $2.3M | $1.6M | $26.7M | −$3.1M | −$3.3M | −$6.2M | −$32.3M | $4.4M | −$515,540 | $4.2M | $5.0M | $3.9M |
| Research & development | — | — | — | — | — | $100,000 | — | — | — | — | — | — |
| Sales, general & admin | $1.7M | $3.6M | $2.8M | $2.7M | $1.3M | $1.8M | $526,000 | $3.7M | $626,004 | $392,029 | $391,294 | $477,744 |
| Total operating expenses | $10.1M | $9.4M | $32.7M | $2.8M | $3.0M | $3.3M | −$35.5M | $8.6M | $506,314 | $5.0M | $5.9M | $5.4M |
| Operating income | −$7.8M | −$7.8M | −$6.0M | −$5.9M | −$6.3M | −$9.5M | $3.3M | −$4.2M | −$1.0M | −$854,728 | −$854,948 | −$1.4M |
| Interest income | — | — | — | — | — | — | — | $668,748 | $664,259 | $1.0M | $2.2M | $3.3M |
| Interest expense | $921,881 | $2.3M | $1.3M | $1.2M | $2.0M | $1.3M | — | $128,012 | $126,620 | $68,565 | — | $0 |
| Income before taxes | −$9.7M | −$29.2M | −$34.7M | $553,361 | $13.4M | −$48.9M | $64.3M | −$62.3M | −$1.6M | −$936,937 | −$1.4M | −$1.8M |
| Income taxes | — | $3,471 | −$2,506 | −$881 | $881 | $3,978 | $613,941 | $6,699 | $3,934 | $8,109 | $238 | $2,367 |
| Net income | −$9.7M | −$29.2M | −$34.7M | $554,242 | $13.4M | −$48.9M | $63.7M | −$62.3M | −$1.6M | −$945,046 | −$1.4M | −$1.8M |
| EBITDA | −$8.3M | −$26.7M | −$33.3M | $2.0M | $15.5M | −$47.5M | $955,615 | −$4.2M | $197,116 | −$879,584 | −$793,312 | −$1.4M |
| EPS (diluted) | −$0.19 | −$0.59 | −$0.10 | −$0.12 | −$0.14 | −$0.42 | $0.07 | −$0.03 | −$0.02 | −$0.05 | $0.01 | $0.04 |
| Gross margin | 37.8% | 27.9% | 292.4% | −41.8% | −40.7% | −87.1% | — | 84.2% | −10.2% | 84.2% | 87.4% | 79.6% |
| Operating margin | −127.6% | −140.0% | −65.3% | −80.3% | −77.4% | −134.0% | — | −79.5% | −20.3% | −17.3% | −14.9% | −28.6% |
| Net margin | −158.5% | −521.6% | −379.9% | 7.5% | 164.2% | −689.6% | — | −1,188.7% | −32.4% | −19.2% | −24.0% | −36.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FLD's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FLD financial results
In fiscal year 2025 (ended December 31, 2025), Fold reported revenue of $31.8 million, up 33.9% from the year before. It had a net loss of $69.6 million, a net profit margin of −218.9%. Diluted earnings per share came to −$0.78.
See the FLD stock overview for the latest quote and news, or the FLD chart for price history and technical indicators.
FLD income statement FAQ
What is Fold's annual revenue?
Fold reported total revenue of $31.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 33.9% from $23.8 million the previous year.
Is Fold profitable?
No. Fold reported a net loss of $69.6 million in fiscal 2025, a net profit margin of −218.9%; its operating margin was −87.2%.
What is Fold's gross margin?
Fold's gross margin was 44.4% in fiscal 2025: for every $100 of revenue, Fold kept $44 after the direct cost of its products and services.
What are Fold's earnings per share?
Fold earned $-0.78 per diluted share in fiscal 2025, compared with $-0.02 a year earlier.
When will Fold report its next earnings?
Fold is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Fold's fiscal year end?
Fold's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 17, 2026.