Fold Holdings, Inc. (FLD) Earnings Call Transcripts
Fold Holdings, Inc.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, Fold Holdings, Inc. reported a revenue decline of 21% year-over-year, reflecting the broader challenges in the Bitcoin market. The company recorded a net loss of $29.2 million, an improvement from a loss of $48.9 million in the same quarter last year. Management signaled optimism for future growth, particularly with the rollout of the Fold Credit Card and other product initiatives, although they noted that the credit card's contribution to Q1 results was minimal. They expect these products to drive engagement and revenue growth moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $21.8M (miss) |
| Net Loss | $29.2M (positive) |
| Adjusted EBITDA | -$5.8M (negative) |
| Operating Expenses | $13.4M (positive) |
| Transaction Volumes | Down 31% (negative) |
| Cash and Cash Equivalents | $11.5M (positive) |
Guidance from management
Management expects to continue expanding access to the Fold Credit Card and anticipates that the card will significantly contribute to transaction volume and revenue growth as the market stabilizes. They are also focused on scaling the Bitcoin bonus program and other product launches in the coming quarters.
What analysts pressed on
Analysts expressed concerns about the impact of declining Bitcoin prices on consumer behavior and transaction volumes. There were questions regarding the pace of the credit card rollout and the potential risks associated with scaling the program amid market volatility.
Main topics on the call
- Credit Card Rollout — The Fold Credit Card has launched with over 1,000 cardholders, and management is pleased with early demand and customer engagement. CEO Will Reeves stated, "We are accelerating that rollout" and confirmed that the produc...
- Bitcoin Gift Card Performance — The Bitcoin Gift Card continues to perform strongly, onboarding thousands of new customers and re-engaging existing users. Reeves mentioned that the gift card program is now viewed as cost neutral on the front end, with ...
- Operational Cost Management — Fold successfully reduced operating expenses to $13.4 million from $16.6 million year-over-year, a decrease of approximately 19%. CFO Wolfe Repass noted that this reduction was driven by lower direct costs and share-base...
- Market Conditions Impact — The company faced challenges due to a nearly 50% decline in Bitcoin prices, which led to a 31% decrease in transaction volumes year-over-year. Repass stated, "These pullbacks caused many consumers to risk adjust their sp...
Read the full Fold Holdings, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Fold Holdings, Inc.
Fold Holdings, Inc. (FLD) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NasdaqCM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 3 calls on record spanning March 17, 2026 to August 11, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 3 Fold Holdings, Inc. earnings call transcripts on record, spanning March 17, 2026 to August 11, 2026. Based on this history, Fold Holdings, Inc. reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FLD
- Exchange
- NasdaqCM
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 3
- First call
- March 17, 2026
- Most recent
- August 11, 2026
- Reporting cadence
- quarterly
| Quarter | Date | |
|---|---|---|
| Q2 FY2026 | Aug 11, 2026 | Read transcript → |
| Q1 FY2026 | May 12, 2026 | Read transcript → |
| Q4 FY2025 | Mar 17, 2026 | Read transcript → |