Earnings Releases·Nov 10, 2026, 4:06 PM ET

Fold Holdings, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue declined to $4.2 million from $7.4 million in Q3 2025, while operating expenses fell 21% year-over-year to $10.5 million; the company reported a net loss of $2.6 million ($0.05 per share) compared to net income of $0.6 million in the prior year period.
Management highlighted a strategic pivot from transaction-based to balance-based economics, citing custody and trading revenue growth of approximately 270% driven by the TikTok Shop channel and the launch of "Fold Reserve" and "Lead Bank" products.
The company secured a reverse stock split authorization to meet Nasdaq listing requirements by January 11, 2027, and extended a $13 million note maturity to November 2027 while replacing a $250 million equity line with a $25 million committed facility.
Cash and cash equivalents increased to $21.7 million, and the Bitcoin treasury holds 247 BTC, though the nine-month net loss totaled $41.5 million including $1.4 million in non-recurring legal settlements.
Future outlook includes an imminent announcement of a financing partner for the Fold Credit Card program, which expanded to 2,500 cardholders, with management characterizing the quarter as an "inflection point" ahead of expectations.