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EarningsQ2 2026 Earnings Report
FLD Q2 2026 EPS Results
Actual EPS-$0.19
Consensus EPS-$0.15
Beat/MissMissed by -$0.04
One Year Ago EPS$0.28
FLD Q2 2026 Revenue Results
Actual Revenue$6.09M
Expected Revenue$7.67M
Beat/MissMissed by -$1.58M
YoY Revenue Growth-25.51%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
FLD Upcoming Earnings
Fold Holdings's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
FLD Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: near-term financial results were weak (Q2 revenue down 26%, a $9.7M net loss, and deeper negative adjusted EBITDA), reflecting industry-wide bitcoin-price headwinds and higher payroll/contractor costs. Offsetting those negatives were multiple strategic advances—banking partnership with Lead Bank, a proprietary core ledger, elimination of secured debt and improved liquidity, promising early credit card metrics (2k+ early users, ~80k waitlist, 4x transactions per user), and strong distribution traction via channels like TikTok Shop. Management framed the company as transitioning from a transaction-dependent model to a broader, assets-and-deposits-enabled financial platform with recurring revenue potential. Given the significant operational and strategic progress but meaningful current financial weakness, the overall tone is balanced between progress and near-term challenges.Company Guidance
Revenue and Q2 Topline
Generated Q2 revenue of $6.1 million; management framed this as part of a transition toward more recurring, asset-yield driven revenue rather than a pure transaction business.
Credit Card Early Access Performance
Credit card early access has >2,000 customers; transactions per user increase ~4x as customers establish usage; per-swipe economics reported as profitable and interchange/lending economics meet or exceed expectations; pipeline includes a waitlist of ~80,000 potential card applicants.
Strategic Banking and Infrastructure Partnerships
Announced partnership with Lead Bank and built a proprietary bank-grade core ledger to enable expanded banking capabilities, participation in deposit economics, and multi-asset account management—positioned as a long-term competitive advantage.
Capital Structure Improvements and Liquidity Actions
Eliminated $20 million of bitcoin-backed secured debt under the Two Prime facility, reducing monthly interest expense by nearly $145,000; company stated it eliminated all secured debt and retained an additional $25 million of unrestricted capital to increase financial flexibility.
Distribution and Marketing Traction
Expanded gift-card distribution into digital channels (notably TikTok Shop) and traditional retail; TikTok Shop showed very strong early engagement (creator videos receiving tens of thousands of views) and management described it as one of the most momentum-rich channels despite a depressed bitcoin market.
Product Pipeline and Commercial Programs
Bitcoin Bonus Program has anchor customers (e.g., Steak 'n Shake, Simple Mining) with positive early feedback for recruitment/retention use cases; management highlighted upcoming broader product launches later in the summer that are intended to expand addressable market beyond bitcoin-native users.
Cost and Operational De-risking Initiatives
Company is pursuing operational cost reductions, including vendor/contractor eliminations; management emphasized that many infrastructure investments are complete, positioning Fold to scale from a stronger operational foundation.
FLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed