Fold (NASDAQ:FLD) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

13 Aug 2026, 09:27 by Renee Jackson · The Cerbat Gem

Fold (NASDAQ:FLD – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04), FiscalAI reports. Fold had a negative net margin of 258.60% and a negative return on equity of 101.16%. The firm had revenue of $6.09 million for the quarter, compared to analyst estimates of $7.67 million.

Here are the key takeaways from Fold’s conference call:

Negative Sentiment: Q2 revenue fell 26% year over year to $6.1 million, while net loss was $9.7 million versus net income of $13.4 million a year earlier. Adjusted EBITDA declined to negative $5.5 million amid continued weakness in Bitcoin-related activity and higher payroll and contractor costs.
Positive Sentiment: The Fold Credit Card showed encouraging early performance, with more than 2,000 customers in early access and transactions per user increasing fourfold over several months. Management said per-swipe economics are profitable and most key metrics are meeting or exceeding expectations.
Positive Sentiment: Fold eliminated $20 million of Bitcoin-backed secured debt, reducing monthly interest expense by approximately $145,000 and retaining $25 million of unrestricted capital. Management said the move lowers treasury volatility and improves financial flexibility.
Neutral Sentiment: The company is shifting from a transaction-driven Bitcoin business toward a broader financial platform that earns yield on customer-held assets and targets mainstream cash-back users as well as Bitcoin customers. Management expects this to create more recurring revenue, but the strategy remains dependent on upcoming product launches and execution.
Negative Sentiment: Credit card expansion remains constrained by Fold’s balance sheet, making additional financing partners the key gating factor for scaling beyond the waitlist and existing users. Fold currently self-finances card receivables and expects to add strategic funding partners alongside its broader summer rollout.

Fold Trading Up 3.1%

NASDAQ FLD opened at $0.46 on Thursday. The stock has a fifty day simple moving average of $0.51 and a 200-day simple moving average of $1.09. The stock has a market cap of $23.56 million, a PE ratio of -0.30 and a beta of 0.36. Fold has a twelve month low of $0.36 and a twelve month high of $4.70.

Insider Transactions at Fold

In related news, Director Jonathan Kirkwood bought 105,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $0.61 per share, with a total value of $64,050.00. Following the completion of the transaction, the director directly owned 457,295 shares of the company’s stock, valued at $278,949.95. This represents a 29.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have bought 123,500 shares of company stock valued at $84,890 and have sold 91,539 shares valued at $93,754. Company insiders own 23.08% of the company’s stock.

Institutional Investors Weigh In On Fold

A number of institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC acquired a new stake in Fold in the 3rd quarter valued at approximately $39,000. Barclays PLC acquired a new position in Fold during the fourth quarter worth $26,000. Vontobel Holding Ltd. boosted its position in shares of Fold by 12.6% during the fourth quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock worth $235,000 after buying an additional 10,118 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Fold during the fourth quarter worth $28,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Fold in the third quarter valued at $46,000. 56.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLD has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Fold in a research report on Monday, June 15th. Northland Securities set a $3.50 price target on shares of Fold in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Cantor Fitzgerald reduced their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fold presently has a consensus rating of “Hold” and an average target price of $2.73.

Check Out Our Latest Analysis on FLD

Fold Company Profile

(Get Free Report)

Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company’s core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.