Fold Holdings (FLD)
NASDAQ:FLD
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Earnings Data
Report Date
Aug 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.15Last Year’s EPS
0.28Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear strategic and product progress (credit card rollout, gift card traction, new business offerings, cost reductions, stronger cash and a large Bitcoin treasury) against significant near-term operational headwinds (transaction volumes down 31%, revenues down 21%, widened adjusted EBITDA loss, higher cash used in operations) driven largely by a sharp Bitcoin price pullback. Management emphasized disciplined scaling, positive contribution margins across products, simplified capital structure, and multiple upcoming launches that could materially improve revenue and engagement if market conditions stabilize.Company Guidance
Credit Card Launch and Early Traction
Fold Credit Card launched into early access in March and is live with more than 1,000 cardholders (cohort >1,000), with a wait list of over 8,000 potential users. Early cohorts are using the card across everyday and larger purchases, behaving as a primary card and engaging multiple Fold products. Credit lines extend up to ~$20,000 for some cardholders. Management is intentionally throttling rollout to validate underwriting, fraud controls, and economics.
Bitcoin Gift Card Drives User Acquisition
Bitcoin Gift Card continues to perform strongly, onboarding thousands of new customers and reengaging existing users via retail distribution (notably Kroger). Fold is restructuring gift card economics to materially reduce or eliminate customer-facing fees to accelerate distribution and adoption.
New Business Offering: Bitcoin Bonus Program
Launched Spotify 'Bitcoin bonus' program with Steak 'n Shake and others to let employees earn Bitcoin bonuses. Early employer and employee feedback is positive, management sees large addressable market across SMBs and enterprise customers and potential expansion into payroll, benefits, treasury, and corporate spend.
Company-Level Cost Reductions
Q1 operating expenses of $13.4 million versus $16.6 million in Q1 2025, a decrease of ~19%. Drivers included lower direct costs, lower share-based compensation, and reduced professional services fees.
Improved Net Loss Year-over-Year
Net loss narrowed to $29.2 million in Q1 2026 from $48.9 million in Q1 2025, reflecting improvements in several non-operating and cost areas.
Stronger Cash Position and Simplified Capital Structure
Cash and cash equivalents increased to $11.5 million from $7.7 million at year-end. Company extinguished its previously existing convertible notes in Q1, simplifying the capital structure and improving financing optionality.
Significant Bitcoin Treasury
Fold held 826 Bitcoin in its investment treasury valued at nearly $67 million as of March 31, 2026, providing a material asset position and potential upside as Bitcoin prices recover.
All Products Generate Positive Contribution Margins
Management stated that all current products generate positive contribution margins, positioning the business to scale profitably as volume and customers grow.
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
FLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $1.48 | $1.41 | -4.73% |
Mar 17, 2026 | $1.12 | $1.07 | -4.46% |
Nov 10, 2025 | $2.94 | $3.09 | +5.10% |
Aug 12, 2025 | $4.11 | $4.28 | +4.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fold Holdings (FLD) report earnings?
Fold Holdings (FLD) is schdueled to report earning on Aug 18, 2026, After Close (Confirmed).
What is Fold Holdings (FLD) earnings time?
Fold Holdings (FLD) earnings time is at Aug 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLD EPS forecast?
FLD EPS forecast for the fiscal quarter 2026 (Q2) is -0.15.