Fold Holdings Inc (NAS:FLD)

Q3 2025 Fold Holdings Inc Earnings Call Transcript

Nov 10, 2025 / 10:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Fold Holdings Inc (FLD) reported a 48% increase in year-to-date revenues through September 30th, 2025, compared to the first nine months of 2024.
The company achieved a 74% increase in total year-to-date transaction volumes, reaching $753 million.
Fold Holdings Inc (FLD) has successfully launched its Bitcoin gift card in 2,000 Kroger locations, with plans for further expansion.
The upcoming Bitcoin rewards credit card, in partnership with Visa and Stripe, has generated significant interest with a waitlist exceeding 80,000.
Fold Holdings Inc (FLD) maintains a healthy balance sheet with $6.7 million in cash and cash equivalents and no unsecured debt.

Negative

Operating expenses increased to $13.3 million, up from $9.4 million in Q3 2024, primarily due to higher cost of sales and operational expenses as a public company.
The company recorded an adjusted EBITDA loss of $4.2 million in Q3 2025, consistent with the loss in Q3 2024.
Bitcoin's volatility remains a challenge, impacting the company's financial results and market perception.
The launch date for the Bitcoin rewards credit card is still uncertain, with the company working towards a release in Q1 2026.
Fold Holdings Inc (FLD) faces competition in the rapidly expanding Bitcoin financial services market, requiring strategic marketing and product differentiation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FLD.OQ - Fold Holdings Inc
Q3 2025 Fold Holdings Inc Earnings Call
Nov 10, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Fold Holdings 3rd quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press 11 on your telephone. You will then hear an automated message advising your hand is raised to withdraw your question, please press 11 again. Please be advised today's conference is being recorded. I will now turn the conference over to your speaker today. Samir Jane, please go ahead.

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Unidentified_2 [2]
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