Quarterly ResultMay 12, 2026, 04:23 PM
Fold Holdings Q1 Net Loss $(29.17)M, EPS $(0.59); Debt Restructured
AI Summary
Fold Holdings reported a net loss of $(29.17) million for Q1 2026, a significant improvement from $(48.88) million in Q1 2025, with EPS improving to $(0.59) from $(1.92). Revenues decreased to $5.59 million. The company undertook substantial debt restructuring, extinguishing previous convertible notes and issuing a new $13.0 million note, alongside drawing $20.0 million from its credit facility. Total assets declined by nearly 49% to $78.33 million, largely due to a reduction in digital assets held in the investment treasury.
Key Highlights
- Q1 2026 net loss improved to $(29.17)M from $(48.88)M YoY.
- Q1 2026 basic & diluted EPS improved to $(0.59) from $(1.92) YoY.
- Q1 2026 net revenues decreased 21.2% to $5.59M.
- Total assets fell 49% to $78.33M as of March 31, 2026.
- Digital assets in investment treasury decreased 57.9% to $56.36M.
- Extinguished prior convertible notes; issued new $13.0M note.
- Borrowed $20.0M from $45.0M revolving credit facility.
- Sold 1.59M common shares for $4.7M via equity facility.
Price Impact
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