Fold Holdings, Inc. (NASDAQ: FLD) Announces Third Quarter 2026 Results
Globe Newswire•10/11/2026•16:15 ET
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Key Highlights
- ➤Q3 revenue $4.2 million; operating expenses $10.5 million, down 21% year over year
- ➤Net loss $2.6 million, or $0.05 per share
- ➤Adjusted EBITDA loss $4.5 million, improving from $5.5 million in Q2
- ➤Custody and Trading revenues increased approximately 270% on gift card sales
- ➤Fold ended Q3 with $21.7 million cash and 247 BTC treasury holdings
Expert Statements
Will Reeves, Chairman and CEO of Fold Holdings, Inc.
“We believe Q3 was an inflection point for Fold”
Will Reeves, Chairman and CEO of Fold Holdings, Inc.
“Over the last few months we’ve evolved from strictly a transaction-based business to one that also monetizes customer balances, broadened our focus from bitcoin earners to every American who earns rewards, strengthened our balance sheet, maintained a focus on operational efficiency, and opened new distribution channels that take our products to audiences we’ve never reached before.”
Will Reeves, Chairman and CEO of Fold Holdings, Inc.
“We are reshaping Fold from a business built on gathering customers into one built on gathering assets. A transaction pays us once. A customer balance earns for us every month it stays on the platform, and it ties that customer more closely to everything else we offer. Early demand for our new balance products is running ahead of our expectations, and those customers hold balances several times larger than our average user. Fold is becoming a place where customers keep their money, not just a place where they spend it.”
Will Reeves, Chairman and CEO of Fold Holdings, Inc.
“The bitcoin market remained soft through the quarter, and our Q3 results reflect the noise of a major transition: a new banking partner, a new deposit strategy, a consolidated merchant platform, and a shift toward balance-based economics. The benefits of this transition are ahead of us, and we’ve de-risked the path to them. With our only debt extended two years, operating expenses down, and a financing partner for our Credit Card expected to be announced shortly, we believe Fold has never been better positioned for its next stage of growth.”
Launched Fold Reserve and Lead Bank Accounts Custody & Trading Revenue Up 270%, Driven by TikTok Shop Distribution Fold Credit Card Expanded to ~2,500 Cardholders
PHOENIX, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”, “we”, or “our”), the first publicly traded bitcoin financial services company, today announced financial results for the third quarter ended September 30, 2026.
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