Fold (NASDAQ:FLD) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Fold (NASDAQ:FLD) released its earnings results on Tuesday. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06, FiscalAI reports. The business had revenue of $4.16 million for the quarter, compared to the consensus estimate of $7.73 million. Fold had a negative net margin of 258.60% and a negative return on equity of 116.17%.

Here are the key takeaways from Fold’s conference call:

• Q3 results reflected weaker activity: Revenue fell 44% year over year to $4.2 million, and monthly transaction volume declined to about $53 million from $78 million a year earlier. GAAP net loss was $2.6 million, while Adjusted EBITDA loss was $4.5 million, roughly flat year over year.
• Fold is shifting toward deposits and balances with its new Lead Bank spending accounts and Fold Reserve products. Thousands of customers activated the products soon after launch, and Reserve customers held several times the balance of a typical user; management said it is still early.
• Bitcoin gift cards gained traction through digital distribution: custody and trading revenue nearly quadrupled to $1.3 million, with gift cards contributing $1.2 million. TikTok became Fold’s largest gift-card and customer-acquisition channel during the quarter.
• Credit-card growth remains constrained at about 2,500 cardholders until Fold secures a receivables financing partner. Management said a facility is key to issuing more cards and expanding credit limits, but emphasized that negotiations are ongoing and the terms matter to program economics.
• Operating expenses fell 21% year over year, and Adjusted EBITDA loss improved from the first half of 2026. Fold ended the quarter with $21.7 million in cash and replaced its prior equity line with a $25 million committed facility, which it began using in October.

Fold Trading Down 8.5%

FLD stock traded down $0.04 during midday trading on Wednesday, reaching $0.40. The company had a trading volume of 80,075 shares, compared to its average volume of 805,434. Fold has a 1 year low of $0.36 and a 1 year high of $3.35. The company has a market capitalization of $22.06 million, a P/E ratio of -0.26 and a beta of 0.35. The company has a 50 day moving average of $0.53 and a two-hundred day moving average of $0.91.

Recent Fold Headlines

Investors following FLD have been watching these headlines:

• Positive Sentiment: Fold said custody and trading revenue rose 270%, helped by TikTok Shop distribution. It also launched Fold Reserve and Lead Bank accounts, expanded its credit card to about 2,500 cardholders, and reported more than 88,500 verified accounts and $159 million in transaction volume. Third-quarter results
• Positive Sentiment: The company reported operating expenses down 21% year over year and an adjusted EBITDA loss of $4.5 million, improved from a $5.5 million loss in Q2. Its reported net loss was $2.6 million, or $0.05 per share; some coverage characterized EPS as better than expected. Earnings call transcript
• Negative Sentiment: Revenue was $4.2 million, substantially below the $7.73 million analyst estimate, and Fold remained loss-making. EPS figures in coverage differ: MarketBeat reports a $0.05 loss, while Zacks reports a $0.11 loss, slightly worse than its consensus estimate. The revenue miss and reporting discrepancy may add uncertainty for investors. Zacks earnings report

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FLD shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fold in a research report on Friday, September 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of Fold in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fold currently has a consensus rating of “Hold” and an average target price of $2.40.

Fold Company Profile

Fold Holdings, Inc. (NASDAQ: FLD) is a financial technology company focused on making bitcoin more accessible through everyday financial products and services. Its platform is designed to allow consumers to earn, buy, sell, hold and use bitcoin alongside traditional financial tools. The company’s offerings have included a bitcoin rewards card, a mobile application and related services that enable users to receive bitcoin rewards from eligible purchases and manage their digital assets. Fold has also provided mechanisms for customers to purchase and transact in bitcoin, with products aimed primarily at individual consumers in the United States.