Filing Flows › Fold Holdings (FLD) › Q1 2025
Fold Holdings (FLD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Fold Holdings (FLD) reported revenue of $7.1M for the first quarter 2025 (Q1 2025), +44% from a year earlier and -16% from the quarter before. Operating margin was -689.6%, net loss $48.9M (689.6% of revenue).
Fold Holdings, Q1 2025: revenue $7.1M (+44% year over year), operating margin -689.6%, net loss $48.9M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | -16% | +44% |
| Operating profit | −$48.9M | — | — |
| Net earnings | −$48.9M | — | — |
| Operating cash flow | −$5.0M | — | — |
What changed
Revenue was $7.1M in Q1 2025, up 44% year over year and down 16% from the previous quarter. Banking and Payment Revenues was the largest line at 98% of revenue. Banking and Payment Revenues added $2.0M year over year (up 41%), 93% of the total change.
Operating costs exceeded revenue by $48.9M, an operating margin of -689.6%. Total costs grew 889% against revenue growth of 44%. The quarter ended with a net loss of $48.9M, narrower than the previous quarter's $63.5M loss.
Operating cash flow was −$5.0M. Non-cash charges added back $5.2M of share-based compensation. Working capital and other items added $38.8M.
Questions
What was Fold Holdings' revenue in the first quarter 2025?
Fold Holdings (FLD) reported revenue of $7.1M for the first quarter 2025 (Q1 2025), +44% from a year earlier and -16% from the quarter before.
Was Fold Holdings profitable in the first quarter 2025?
Operating loss was $48.9M (-689.6% of revenue) and net loss $48.9M.
Source: Fold Holdings 10-Q on SEC EDGAR.