GlobeNewswire·Nov 10, 2026, 4:15 PM ET

Fold Holdings, Inc. (NASDAQ: FLD) Announces Third Quarter 2026 Results

FLD

Fold Holdings reported Q3 2026 revenue of $4.2 million & total operating expenses of $10.5 million, down 21% year-over-year.
The company recorded a net loss of $2.6 million ($0.05 per share) & an adjusted EBITDA loss of $4.5 million, improving from the $5.5 million loss in Q2 2026.
Custody & trading revenue increased approximately 270%, driven by the launch of Bitcoin gift cards on TikTok Shop.
Fold Credit Card expansion reached ~2,500 cardholders in early access, transitioning from a waitlist to an invite system with new pre-approval capabilities.
Total verified accounts surpassed 88,500, adding 1,500 new verified accounts during the quarter, while total transaction volume hit $159 million.
New balance products launched include Fold Reserve & Lead Bank accounts, with thousands of customers activating these to hold funds & unlock higher rewards tiers.
Pass-through bitcoin buying was introduced, allowing direct purchases from linked bank accounts without first moving funds into Fold.
Bitcoin treasury holdings stood at 247 BTC as of September 30, 2026, consisting of 171 BTC in investment treasury & 76 BTC in rewards treasury.
The company ended the quarter with $21.7 million in cash & cash equivalents & extended its $13 million note maturity to November 2027.
A $250 million equity line was replaced with a $25 million committed equity facility to reduce potential dilution & provide cost-efficient capital.
Stockholders approved a reverse stock split authorization on October 22, 2026, to regain compliance with Nasdaq listing requirements by the January 11, 2027 deadline.
CEO Will Reeves stated the company is shifting from a transaction-based model to one focused on monetizing customer balances & gathering assets.
Merchant offers were consolidated onto the Blackhawk platform, restoring nearly all previously unavailable merchants & improving economics.
Fold hosted a conference call on November 10, 2026, at 5:00 p.m. ET to discuss results & answer investor questions.

Company: Fold, Inc.
Keywords: Nasdaq:FLD, Fold, Inc., Bitcoin, Bitcoin Credit Card, Consumer Finance, Credit Card, Debit Card, Finance, Fintech, Personal Finance