Filing Flows › Fold Holdings (FLD) › Q2 2025
Fold Holdings (FLD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Fold Holdings (FLD) reported revenue of $8.2M for the second quarter 2025 (Q2 2025), +59% from a year earlier and +15% from the quarter before. Operating margin was 164.2%, net earnings $13.4M (164.2% of revenue).
Fold Holdings, Q2 2025: revenue $8.2M (+59% year over year), operating margin 164.2%, net earnings $13.4M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.2M | +15% | +59% |
| Operating profit | $13.4M | — | — |
| Net earnings | $13.4M | — | — |
| Operating cash flow | −$4.0M | — | — |
What changed
Revenue was $8.2M in Q2 2025, up 59% year over year and up 15% from the previous quarter. Banking and Payment Revenues was the largest line at 97% of revenue. Banking and Payment Revenues added $2.8M year over year (up 55%), 92% of the total change.
Operating profit was $13.4M, a 164.2% margin (up 176.4 points year over year). Net earnings were $13.4M. The effective tax rate was 0.0%.
Operating cash flow was −$4.0M. Non-cash charges added back $1.7M of share-based compensation. Working capital and other items used $19.1M.
Questions
What was Fold Holdings' revenue in the second quarter 2025?
Fold Holdings (FLD) reported revenue of $8.2M for the second quarter 2025 (Q2 2025), +59% from a year earlier and +15% from the quarter before.
Was Fold Holdings profitable in the second quarter 2025?
Operating profit was $13.4M (164.2% of revenue) and net earnings $13.4M.
Source: Fold Holdings 10-Q on SEC EDGAR.