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Fold Holdings
(NASDAQ:FLD)
Fold Holdings (FLD) vs. SPDR S&P 500 ETF (SPY)
Fold Holdings Business Overview & Revenue Model
Fold Holdings Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 21.53M | 28.88M | 0.00 |
| Gross Profit | 0.00 | 17.65M | 25.06M | 0.00 |
| EBITDA | -2.89M | -3.70M | -14.68M | 636.00 |
| Net Income | -1.87M | 4.44M | -11.97M | -120.00K |
Balance Sheet | ||||
| Total Assets | 52.22M | 165.96M | 255.66M | 225.17M |
| Cash, Cash Equivalents and Short-Term Investments | 906.04K | 29.84K | 72.75K | 1.23M |
| Total Debt | 5.74M | 2.02M | 0.00 | 0.00 |
| Total Liabilities | 60.54M | 4.55M | 10.35M | 8.95M |
| Stockholders Equity | -8.32M | -8.43M | -1.27M | 216.22M |
Cash Flow | ||||
| Free Cash Flow | -3.43M | -5.08M | -1.82M | -712.14K |
| Operating Cash Flow | -3.43M | -5.08M | -1.49M | -712.14K |
| Investing Cash Flow | 117.32M | 99.81M | -28.43M | -266.64M |
| Financing Cash Flow | -113.01M | -94.77M | 28.98M | 268.82M |
Fold Holdings Technical Analysis
Fold Holdings Risk Analysis
Fold Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ― | ― | ― | ― | 5.57% | -16.40% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $158.52M | 44.58 | 1.21% | 26.17% | -49.76% | -84.43% | |
66 Neutral | $202.44M | 9.17 | 10.74% | 3.53% | 11.05% | 8.18% | |
54 Neutral | $326.93M | 28.86 | 26.01% | ― | ― | ― | |
45 Neutral | $591.54M | ― | -125.22% | ― | -33.99% | -121.80% | |
44 Neutral | $190.44M | ― | -54.34% | ― | ― | -8567.69% |
Fold Holdings Corporate Events
On February 28, 2025, Fold Holdings‘ Compensation Committee approved salary increases for its top executives. The CEO, Mr. Will Reeves, and CFO, Mr. Wolfe Repass, received raises to $500,000 and $400,000, respectively, effective February 19, 2025.
On August 8, 2025, Fold Holdings, Inc. announced the approval of its Annual Bonus Plan, which applies to all full-time employees, including executive officers. The plan outlines performance criteria such as revenue, adjusted EBITDA, and the success of the Fold Bitcoin Credit Card launch. Bonuses will be paid by March of the following year, contingent on continued employment. On August 11, 2025, Fold Holdings issued Participation Notices to its CEO and CFO under the Executive Severance Plan, detailing their eligibility for benefits in the event of a qualifying termination.
Fold Holdings reported a strong second quarter for 2025, with a 59% year-over-year increase in revenue to $8.2 million and a net income of $13.4 million. The company also saw significant growth in new accounts and transaction volumes, alongside securing a $250 million equity purchase facility to expand its Bitcoin holdings. Fold’s strategic initiatives, including the upcoming launch of the Fold Credit Card and the successful introduction of the Bitcoin Gift Card, are expected to enhance its market presence and drive further growth. The company’s Bitcoin Investment Treasury holds 1,492 BTC, valued at $160 million as of June 30, 2025, underscoring its commitment to Bitcoin as a core asset.
Fold Holdings, Inc. has reached a severance agreement with its former Vice President of Risk and Compliance, Nicolleta Goncalves, following her employment termination. The agreement, dated July 22, 2025, includes a severance payment, coverage of a COBRA premium for August 2025, a release of claims by Goncalves, and restrictive covenants such as nondisclosure and non-solicitation clauses.
On July 11, 2025, Fold Holdings, Inc. terminated the employment of Nicolleta Goncalves, who served as the Vice President of Risk and Compliance. This decision may impact the company’s risk management strategies and compliance operations, potentially affecting its industry positioning and stakeholder confidence.
On June 16, 2025, Fold Holdings, Inc. entered into a $250 million Equity Purchase Facility Agreement with an accredited investor, allowing the company to issue and sell newly issued shares of its common stock at its discretion. The proceeds from this facility are intended primarily for purchasing additional bitcoin for Fold’s corporate treasury. The agreement provides Fold with flexibility in managing its equity sales, but also poses risks of stock dilution and potential share price volatility for existing shareholders. The facility is subject to various conditions and limitations, including a cap on the percentage of shares that can be issued without stockholder approval.