Filing Flows › Financials › Fold Holdings (FLD)
Fold Holdings (FLD) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Fold Holdings (FLD) Q2 2026 earnings results →
Q2 2026 Revenue down 26% year over year to $6.1M · 158¢ of every $1 of revenue lost · operating margin -158.5%
Fold Holdings made $6.1M in Q2 2026 (-26% Y/Y): Banking and Payment Revenues $5.3M, Custody and Trading Revenues $772K, Other Revenues $28K. Operating margin -158.5%, net loss $9.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $6.1M in Q2 2026, down 26% year over year and up 9% from the previous quarter. Banking and Payment Revenues was the largest line at 87% of revenue. Banking and Payment Revenues lost $2.6M year over year (down 33%), 126% of the total change.
Operating costs exceeded revenue by $9.7M, an operating margin of -158.5%. The quarter ended with a net loss of $9.7M, narrower than the previous quarter's $29.2M loss.
Operating cash flow was −$9.5M. Non-cash charges added back $1.7M of share-based compensation. Working capital and other items used $1.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $6.1M | -26% | -158.5% | −$9.7M | −$9.5M |
| Q1 2026 | 10-Q | May 12, 2026 | $5.6M | -21% | -521.5% | −$29.2M | −$6.6M |
| Q4 2025 | 10-K | Mar 17, 2026 | $9.1M | +8% | -380.0% | −$34.7M | −$4.7M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $7.4M | +41% | 7.5% | $554K | −$2.5M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $8.2M | +59% | 164.2% | $13.4M | −$4.0M |
| Q1 2025 | 10-Q | May 15, 2025 | $7.1M | +44% | -689.6% | −$48.9M | −$5.0M |
| Q4 2024 | 10-K | Mar 28, 2025 | $8.4M | — | -9.1% | −$424K | −$1.3M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Fold Holdings
Unless the context requires otherwise, references to “Fold,” “we,” “us,” or “our” and the "Company” in this section are to the business and operations of Fold Holdings, Inc. after the closing of the Merger and to the business and operations of Fold, Inc. prior to the closing of the Merger (as such term is defined below). Founded in 2019, Fold is a bitcoin-focused financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Fold was formed to build a modern financial services platform that allows consumers to accumulate, save, and use bitcoin in connection with their everyday financial lives and long-term planning.
In its own words, from its 10-K, filed Mar 17, 2026.
Fold Holdings against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -26% against the peers' median +17%. Operating margin: -158.5% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FLD Fold Holdings | Q2 2026 | $6.1M | -26% | -158.5% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Fold Holdings 10-Q on SEC EDGAR · CIK 1889123 · Finance Services
13F: who owns FLD and who is buying
More on FLD
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results