Fold Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $31.8M | $23.8M | — | — | — |
| Operating expenses | $59.5M | $29.6M | — | — | — |
| Operating income | — | -$2.9M | -$3.7M | -$1.8M | -$100,518 |
| Interest expense | $5.7M | $234,035 | — | — | — |
| Pretax income | -$69.6M | -$65.1M | $6.8M | $1.8M | — |
| Income tax expense | $1,472 | $7,400 | $2.3M | $726,410 | — |
| Net income | -$69.6M | -$65.1M | $4.4M | $1.1M | -$99,988 |
| Balance Sheet | |||||
| Cash and equivalents | $7.7M | $18.3M | — | $72,753 | $1.2M |
| Current assets | $18.1M | $28.3M | $306,059 | $257,966 | $1.6M |
| Total assets | $153.5M | $125.7M | $166.0M | $255.7M | $225.2M |
| Current liabilities | $21.1M | $21.9M | $3.4M | $492,008 | $93,582 |
| Total liabilities | $90.5M | $193.5M | $4.5M | $10.4M | $8.9M |
| Stockholders' equity | $63.0M | -$67.8M | -$8.4M | -$8.5M | -$6.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$16.1M | -$3.3M | -$5.1M | -$1.7M | -$593,448 |
| Stock-based compensation | $10.0M | $0 | — | — | — |
| Share repurchases | — | $116.7M | $96.8M | — | — |
Shares outstanding 50.8M · Free float 12.8%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.