Symbols / FLD Stock $1.52 +0.00% Fold Holdings, Inc.

Financial Services • Capital Markets • United States • NCM
FLD (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. William Reeves
Exch · Country NCM · United States
Market Cap 77.24M
Enterprise Value 146.77M
Income -69.59M
Sales 31.79M
FCF (ttm) -10.73M
Book/sh 1.30
Cash/sh 0.15
Employees 40
Insider 10d —
IPO Feb 09, 2022
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 2.40
Forward P/E -5.43
PEG —
P/S 2.43
P/B 1.17
P/C —
EV/EBITDA -5.20
EV/Sales 4.62
Quick Ratio 0.41
Current Ratio 0.86
Debt/Eq 124.90
LT Debt/Eq —
EPS (ttm) -1.65
EPS next Y -0.28
EPS Growth —
Revenue Growth —
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-14
Earnings (prior) 2026-03-17
ROA -12.78%
ROE —
ROIC —
Gross Margin -49.02%
Oper. Margin -90.25%
Profit Margin -218.88%
Shs Outstand 50.82M
Shs Float 5.17M
Insider Own 71.32%
Instit Own 15.03%
Short Float 1.76%
Short Ratio 2.96
Short Interest 446.93K
52W High 5.54
vs 52W High -72.54%
52W Low 1.00
vs 52W Low 52.00%
Beta 0.27
Impl. Vol. 74.61%
Rel Volume 0.53
Avg Volume 148.28K
Volume 79.21K
Target (mean) $3.20
Tgt Median $3.40
Tgt Low $2.00
Tgt High $4.00
# Analysts 4
Recom None
Prev Close $1.52
Price $1.52
Change 0.00%
About

Fold Holdings, Inc., a bitcoin financial services company, provides access to bitcoin through a suite of consumer financial products in the United States. Its financial services platform allows consumers to accumulate, save, and use bitcoin to accomplish financial goals. The company offers consumers an FDIC insured checking account, a Visa prepaid debit card, bill payments services, and an extensive catalog of merchant reward offers, as well as partners with third-party service providers that offer bitcoin exchange and custody services. It also invests in and accumulates bitcoin for treasury. The company offers its products and services through the Fold mobile application. Fold Holdings, Inc. was founded in 2019 and is headquartered in Phoenix, Arizona.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.20
Mean price target
2. Current target
$1.52
Latest analyst target
3. DCF / Fair value
$-3.80
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.52
Low
$2.00
High
$4.00
Mean
$3.20

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-18 main HC Wainwright & Co. Buy → Buy $3
2026-03-18 main Cantor Fitzgerald Overweight → Overweight $2
2026-02-09 reit HC Wainwright & Co. Buy → Buy $7
2025-07-28 init Cantor Fitzgerald — → Overweight $7
2025-05-27 init Northland Capital Markets — → Outperform $10
2025-04-14 reit HC Wainwright & Co. Buy → Buy $7
2025-04-07 init HC Wainwright & Co. — → Buy $7
News
RSS: Latest FLD news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-22 MCMANUS MATT Chief Operating Officer — 9,924 $1.50 $14,926
2026-04-20 REPASS WOLFE Chief Financial Officer — 236 $1.50 $354
2026-04-20 DICKMAN THOMAS J Chief Technology Officer — 61 $1.50 $92
2026-04-17 REPASS WOLFE Chief Financial Officer — 695 — —
2026-04-17 DICKMAN THOMAS J Chief Technology Officer — 178 — —
2026-04-10 REPASS WOLFE Chief Financial Officer — 482,289 — —
2026-04-10 REEVES WILLIAM BRIAN POPPIC Chief Executive Officer — 798,117 — —
2026-04-10 DICKMAN THOMAS J Chief Technology Officer — 211,048 — —
2026-04-10 MCMANUS MATT Chief Operating Officer — 286,104 — —
2026-04-02 REPASS WOLFE Chief Financial Officer — 1,326 $1.22 $1,620
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
31.79
+33.85%
23.75
0.00
-100.00%
28.88
Operating Revenue
31.78
+34.66%
23.60
0.00
-100.00%
28.93
Cost Of Revenue
47.38
+82.75%
25.93
+4.19%
24.88
-30.37%
35.73
Reconciled Cost Of Revenue
47.38
+82.75%
25.93
+3.56%
25.03
-30.08%
35.80
Gross Profit
-15.59
-617.39%
-2.17
+35.12%
-3.35
+51.17%
-6.86
Operating Expense
12.15
+233.55%
3.64
-2.39%
3.73
+7.47%
3.47
Selling General And Administration
11.99
+218.73%
3.76
+0.86%
3.73
+53.54%
2.43
Selling And Marketing Expense
6.58
+245.05%
1.91
+10.76%
1.72
-11.18%
1.94
General And Administrative Expense
5.41
+191.67%
1.86
-50.27%
3.73
+659.74%
0.49
Other Gand A
5.41
+191.67%
1.86
-50.27%
3.73
+659.74%
0.49
Other Operating Expenses
-0.40
+2.19%
-0.41
-975.53%
0.05
-94.04%
0.79
Total Expenses
59.52
+101.32%
29.57
+692.58%
3.73
-90.48%
39.21
Operating Income
-27.73
-376.98%
-5.81
-55.85%
-3.73
+63.88%
-10.33
Total Operating Income As Reported
-27.73
-376.98%
-5.81
-55.85%
-3.73
+63.88%
-10.33
EBITDA
-63.32
+1.91%
-64.56
-1053.73%
6.77
+167.17%
-10.08
Normalized EBITDA
-44.47
+52.59%
-93.80
-1485.83%
6.77
+167.17%
-10.08
Reconciled Depreciation
0.56
+90.92%
0.29
+27.57%
0.23
+25.33%
0.18
EBIT
-63.88
+1.49%
-64.85
-1058.04%
6.77
+165.54%
-10.33
Total Unusual Items
-18.85
-164.45%
29.25
—
—
Total Unusual Items Excluding Goodwill
-18.85
-164.45%
29.25
—
—
Special Income Charges
-9.61
0.00
—
—
Other Special Charges
9.61
—
—
—
Net Income
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Pretax Income
-69.59
-6.93%
-65.08
-1061.50%
6.77
+156.59%
-11.96
Net Non Operating Interest Income Expense
-5.71
-2338.97%
-0.23
-102.09%
11.21
—
Interest Expense Non Operating
5.71
+2338.97%
0.23
0.00
—
Net Interest Income
-5.71
-2338.97%
-0.23
-102.09%
11.21
—
Interest Expense
5.71
+2338.97%
0.23
0.00
—
Interest Income Non Operating
—
2.95
-73.64%
11.21
—
Interest Income
—
2.95
-73.64%
11.21
—
Other Income Expense
-36.15
+38.76%
-59.03
-8233.35%
-0.71
+56.65%
-1.63
Other Non Operating Income Expenses
-17.30
+80.40%
-88.28
-12362.03%
-0.71
+56.65%
-1.63
Gain On Sale Of Security
-9.24
-131.59%
29.25
—
—
Tax Provision
0.00
-80.11%
0.01
-99.68%
2.33
+21599.37%
0.01
Tax Rate For Calcs
0.00
-100.00%
0.00
-38.86%
0.00
+63.57%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
6.14
0.00
0.00
Net Income Including Noncontrolling Interests
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Net Income From Continuing Operation Net Minority Interest
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Net Income From Continuing And Discontinued Operation
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Net Income Continuous Operations
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Normalized Income
-50.74
+42.47%
-88.19
-2084.74%
4.44
+137.11%
-11.97
Net Income Common Stockholders
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Diluted EPS
—
-1.41
-1564.76%
0.10
+137.11%
-0.26
Basic EPS
—
-1.41
-1564.76%
0.10
+137.11%
-0.26
Basic Average Shares
—
46.14
+0.00%
46.14
+0.00%
46.14
Diluted Average Shares
—
46.14
+0.00%
46.14
+0.00%
46.14
Diluted NI Availto Com Stockholders
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Amortization
0.56
+90.92%
0.29
-23.10%
0.38
+51.94%
0.25
Amortization Of Intangibles Income Statement
0.56
+90.92%
0.29
-23.10%
0.38
+51.94%
0.25
Depreciation Amortization Depletion Income Statement
0.56
+90.92%
0.29
-23.10%
0.38
+51.94%
0.25
Depreciation And Amortization In Income Statement
0.56
+90.92%
0.29
-23.10%
0.38
+51.94%
0.25
Line Item Trend 2025-12-31
Total Assets
153.47
Current Assets
18.12
Cash Cash Equivalents And Short Term Investments
7.65
Cash And Cash Equivalents
7.65
Cash Financial
—
Other Short Term Investments
—
Receivables
0.93
Accounts Receivable
0.73
Other Receivables
0.20
Accrued Interest Receivable
0.01
Inventory
0.48
Prepaid Assets
2.18
Other Current Assets
6.87
Total Non Current Assets
135.35
Goodwill And Other Intangible Assets
1.39
Other Intangible Assets
1.39
Investments And Advances
133.66
Other Investments
133.66
Non Current Deferred Assets
0.00
Other Non Current Assets
0.30
Total Liabilities Net Minority Interest
90.48
Current Liabilities
21.11
Payables And Accrued Expenses
3.87
Payables
0.70
Accounts Payable
0.70
Current Accrued Expenses
3.17
Total Tax Payable
—
Income Tax Payable
—
Current Debt And Capital Lease Obligation
10.00
Current Debt
10.00
Other Current Borrowings
—
Current Deferred Liabilities
0.37
Current Deferred Revenue
0.37
Other Current Liabilities
6.87
Total Non Current Liabilities Net Minority Interest
69.37
Long Term Debt And Capital Lease Obligation
68.68
Long Term Debt
68.68
Non Current Deferred Liabilities
0.00
Non Current Deferred Revenue
0.00
Other Non Current Liabilities
0.69
Stockholders Equity
62.99
Common Stock Equity
62.99
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
0.00
Share Issued
48.48
Ordinary Shares Number
48.42
Treasury Shares Number
0.06
Additional Paid In Capital
233.92
Retained Earnings
-170.94
Total Equity Gross Minority Interest
62.99
Total Capitalization
131.67
Working Capital
-2.99
Invested Capital
141.67
Total Debt
78.68
Net Debt
71.03
Net Tangible Assets
61.60
Tangible Book Value
61.60
Current Notes Payable
—
Dueto Related Parties Current
—
Line Of Credit
10.00
Preferred Stock Equity
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-16.12
-386.27%
-3.31
+34.78%
-5.08
-240.66%
-1.49
Cash Flow From Continuing Operating Activities
-16.12
-386.27%
-3.31
+34.78%
-5.08
-240.66%
-1.49
Net Income From Continuing Operations
-69.59
-6.92%
-65.09
-1564.76%
4.44
+137.11%
-11.97
Depreciation Amortization Depletion
0.56
+90.92%
0.29
+27.57%
0.23
+25.33%
0.18
Amortization Cash Flow
0.56
+90.92%
0.29
+27.57%
0.23
+25.33%
0.18
Depreciation And Amortization
0.56
+90.92%
0.29
+27.57%
0.23
+25.33%
0.18
Amortization Of Intangibles
0.56
+90.92%
0.29
+27.57%
0.23
+25.33%
0.18
Other Non Cash Items
17.08
-80.62%
88.15
+939.56%
-10.50
-516.82%
2.52
Stock Based Compensation
9.97
0.00
-100.00%
0.01
-40.23%
0.01
Operating Gains Losses
18.85
+164.45%
-29.25
—
—
Gain Loss On Investment Securities
9.24
+131.59%
-29.25
—
—
Unrealized Gain Loss On Investment Securities
0.93
0.00
—
—
Change In Working Capital
6.09
+135.71%
2.58
+165.36%
0.97
-87.47%
7.77
Change In Receivables
-0.28
-259.44%
0.17
-84.98%
1.16
+478.40%
0.20
Changes In Account Receivables
-0.28
-259.44%
0.17
-83.03%
1.02
+411.78%
0.20
Change In Inventory
-0.22
-61.08%
-0.13
-160.29%
0.22
-58.71%
0.54
Change In Prepaid Assets
0.66
+471.19%
-0.18
-94.45%
-0.09
-127.39%
0.33
Change In Payables And Accrued Expense
3.36
+276.72%
0.89
+1080.02%
-0.09
-144.81%
0.20
Change In Accrued Expense
3.76
+2638.29%
0.14
+382.67%
-0.05
-184.00%
0.06
Change In Payable
-0.41
-154.26%
0.75
+928.77%
-0.09
-162.71%
0.14
Change In Account Payable
-0.41
-154.26%
0.75
+159.73%
0.29
+100.11%
0.14
Change In Other Working Capital
-0.51
-272.93%
-0.14
+54.74%
-0.30
-175.70%
0.40
Change In Other Current Liabilities
3.07
+56.47%
1.97
-43.09%
3.45
-43.35%
6.10
Investing Cash Flow
-8.97
-256.64%
-2.51
-102.52%
99.81
+2326.38%
-4.48
Cash Flow From Continuing Investing Activities
-8.97
-256.64%
-2.51
-102.52%
99.81
+2326.38%
-4.48
Capital Expenditure
-0.95
-28.85%
-0.74
-137.23%
-0.31
+5.20%
-0.33
Net Investment Purchase And Sale
-8.02
-351.39%
-1.78
+47.85%
-3.41
+18.03%
-4.15
Purchase Of Investment
-8.02
-326.22%
-1.88
+44.77%
-3.41
+18.03%
-4.15
Sale Of Investment
0.00
-100.00%
0.10
—
—
Net Intangibles Purchase And Sale
-0.95
-28.85%
-0.74
-137.23%
-0.31
+5.20%
-0.33
Purchase Of Intangibles
-0.95
-28.85%
-0.74
-137.23%
-0.31
+5.20%
-0.33
Net Other Investing Changes
—
117.32
+17.55%
99.81
—
Financing Cash Flow
14.41
-36.44%
22.67
+123.92%
-94.77
-1458.05%
6.98
Cash Flow From Continuing Financing Activities
14.41
-36.44%
22.67
+123.92%
-94.77
-1458.05%
6.98
Net Issuance Payments Of Debt
10.00
-47.16%
18.93
+834.57%
2.02
-71.07%
7.00
Issuance Of Debt
10.00
-47.16%
18.93
+834.57%
2.02
-71.07%
7.00
Long Term Debt Issuance
0.00
-100.00%
18.93
+3685.00%
0.50
-92.86%
7.00
Net Long Term Debt Issuance
0.00
-100.00%
18.93
+3685.00%
0.50
-92.86%
7.00
Short Term Debt Issuance
10.00
0.00
-100.00%
2.02
—
Net Short Term Debt Issuance
10.00
0.00
-100.00%
2.02
—
Net Common Stock Issuance
4.37
+365.30%
-1.65
+98.30%
-96.79
-442376.09%
-0.02
Common Stock Payments
—
-1.65
+98.30%
-96.79
-442376.09%
-0.02
Repurchase Of Capital Stock
—
-1.65
+98.30%
-96.79
-442376.09%
-0.02
Net Other Financing Charges
0.04
-99.27%
5.39
+977.98%
0.50
-92.86%
7.00
Changes In Cash
-10.68
-163.41%
16.84
+39343.08%
-0.04
-104.28%
1.00
Beginning Cash Position
18.33
+1128.95%
1.49
+1950.15%
0.07
-98.33%
4.35
End Cash Position
7.65
-58.25%
18.33
+61320.58%
0.03
-99.44%
5.35
Free Cash Flow
-17.07
-321.15%
-4.05
+20.25%
-5.08
-179.20%
-1.82
Interest Paid Supplemental Data
0.01
0.00
—
—
Income Tax Paid Supplemental Data
0.01
+97.40%
0.00
-99.89%
2.77
+24881.95%
0.01
Change In Income Tax Payable
—
-0.92
-155.67%
-0.36
—
Change In Tax Payable
—
-0.92
-155.67%
-0.36
—
Common Stock Issuance
4.37
—
—
—
Issuance Of Capital Stock
4.37
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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