Quarterly ResultMay 12, 2026, 04:12 PM
Fold Holdings Q1 Revenue $5.6M, Down 21.1%; Net Loss $(29.2)M
AI Summary
Fold Holdings, Inc. announced its first quarter 2026 financial results, reporting a 21.1% year-over-year decrease in revenue to $5.6 million and a net loss of $(29.2) million. The company experienced a 32% decline in total transaction volume, attributed to lower Bitcoin prices. Despite the challenging market, Fold is progressing with its Bitcoin Rewards Credit Card, now with over 1,000 cards in circulation, and is restructuring its Bitcoin Gift Card fees to boost distribution and customer acquisition.
Key Highlights
- Revenue: $5.6 million, a 21.1% year-over-year decrease.
- Net Loss: $(29.2) million for the quarter.
- Loss Per Share: $(0.59) per share.
- Total Transaction Volume: $172 million, down 32% year-over-year.
- Adjusted EBITDA (Loss): $(5.8) million.
- Bitcoin Investment Treasury Holdings: 826 BTC as of March 31, 2026.
- Fold Bitcoin Credit Cards: Over 1,000 cards now in circulation.
- Bitcoin Gift Card: Restructuring fees to accelerate distribution.