Filing Flows › Fold Holdings (FLD) › Q3 2025
Fold Holdings (FLD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Fold Holdings (FLD) reported revenue of $7.4M for the third quarter 2025 (Q3 2025), +41% from a year earlier and -10% from the quarter before. Operating margin was 7.5%, net earnings $554K (7.5% of revenue).
Fold Holdings, Q3 2025: revenue $7.4M (+41% year over year), operating margin 7.5%, net earnings $554K, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4M | -10% | +41% |
| Operating profit | $553K | -96% | — |
| Net earnings | $554K | -96% | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $7.4M in Q3 2025, up 41% year over year and down 10% from the previous quarter. Banking and Payment Revenues was the largest line at 95% of revenue. Banking and Payment Revenues added $1.8M year over year (up 35%), 85% of the total change.
Operating profit was $553K, a 7.5% margin (up 22.8 points year over year). Total costs grew 13% against revenue growth of 41%. Net earnings were $554K. The effective tax rate was -0.2%.
Operating cash flow was −$2.5M. Non-cash charges added back $1.6M of share-based compensation. Working capital and other items used $4.6M.
Questions
What was Fold Holdings' revenue in the third quarter 2025?
Fold Holdings (FLD) reported revenue of $7.4M for the third quarter 2025 (Q3 2025), +41% from a year earlier and -10% from the quarter before.
Was Fold Holdings profitable in the third quarter 2025?
Operating profit was $553K (7.5% of revenue) and net earnings $554K.
Source: Fold Holdings 10-Q on SEC EDGAR.