Filing Flows › Fold Holdings (FLD) › Q1 2026 › vs Q4 2025
Fold Holdings (FLD) Q1 2026 vs Q4 2025 (quarter over quarter)
Fold Holdings's revenue fell $3.5M (-39%) from $9.1M in Q4 2025 to $5.6M in Q1 2026. The biggest changes: Banking and Payment Revenues −$3.5M (-41%); Custody and Trading Revenues −$57K (-8%); Other Revenues −$1K (-85%).
Fold Holdings, Q1 2026: revenue $5.6M (-21% year over year), operating margin -521.5%, net loss $29.2M, operating cash flow −$6.6M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Banking and Payment Revenues | $4.9M | $8.4M | −$3.5M | -41% |
| Custody and Trading Revenues | $665K | $722K | −$57K | -8% |
| Other Revenues | $97 | $1K | −$1K | -85% |
| Revenue | $5.6M | $9.1M | −$3.5M | -39% |
| Net loss | $29.2M | $34.7M | −$5.5M | -16% |
| Costs & expenses | $34.8M | $43.8M | −$9.1M | -21% |
| Operating costs | $34.8M | $43.8M | −$9.1M | -21% |
| Income tax | $3K | −$3K | $6K | — |
| Operating cash sources | $29.2M | $34.7M | −$5.5M | -16% |
| Share-based compensation | $1.7M | $1.5M | $199K | +13% |
| Working capital & other | $20.9M | $28.5M | −$7.6M | -27% |
| Cash used in operations | $6.6M | $4.7M | $1.9M | +40% |
| Net loss absorbed | $29.2M | $34.7M | −$5.5M | -16% |
Questions
How much did Fold Holdings's revenue grow quarter over quarter in Q1 2026?
Fold Holdings's revenue fell $3.5M (-39%) from $9.1M in Q4 2025 to $5.6M in Q1 2026.
What drove Fold Holdings's revenue change in Q1 2026?
Banking and Payment Revenues −$3.5M (-41%); Custody and Trading Revenues −$57K (-8%); Other Revenues −$1K (-85%).