Filing Flows › Fold Holdings (FLD) › Q4 2025
Fold Holdings (FLD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 17, 2026
Fold Holdings (FLD) reported revenue of $9.1M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +23% from the quarter before. Operating margin was -380.0%, net loss $34.7M (379.9% of revenue).
Fold Holdings, Q4 2025: revenue $9.1M (+8% year over year), operating margin -380.0%, net loss $34.7M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | +23% | +8% |
| Operating profit | −$34.7M | -6370% | — |
| Net earnings | −$34.7M | -6359% | — |
| Operating cash flow | −$4.7M | — | — |
What changed
Revenue was $9.1M in Q4 2025, up 8% year over year and up 23% from the previous quarter. Banking and Payment Revenues was the largest line at 92% of revenue.
Operating costs exceeded revenue by $34.7M, an operating margin of -380.0%. Total costs grew 376% against revenue growth of 8%. The quarter ended with a net loss of $34.7M, after a profit of $554K the previous quarter.
Operating cash flow was −$4.7M. Non-cash charges added back $1.5M of share-based compensation. Working capital and other items added $28.5M.
Questions
What was Fold Holdings' revenue in the fourth quarter 2025?
Fold Holdings (FLD) reported revenue of $9.1M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +23% from the quarter before.
Was Fold Holdings profitable in the fourth quarter 2025?
Operating loss was $34.7M (-380.0% of revenue) and net loss $34.7M.
Source: Fold Holdings 10-K on SEC EDGAR.