Fold (NASDAQ:FLD) Issues Quarterly Earnings Results

Fold (NASDAQ:FLD) announced its quarterly earnings results on Tuesday. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.43), FiscalAI reports. The company had revenue of $5.59 million for the quarter, compared to analyst estimates of $10.00 million. Fold had a negative return on equity of 81.78% and a negative net margin of 218.88%.

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

• Fold said Q1 was a challenging quarter for the Bitcoin industry, with lower Bitcoin prices pressuring transaction volumes, trading activity, consumer engagement, revenue, and operating performance. Transaction volumes fell 31% year over year and revenue declined 21% year over year.
• The Fold credit card is now live with more than 1,000 cardholders, and management said rollout is proceeding ahead of schedule with strong early demand and encouraging user behavior. The company is intentionally throttling access while it validates fraud controls, underwriting, servicing, and economics.
• Management believes the credit card could become a major acquisition and engagement engine across the Fold ecosystem, especially as it expands through a wait list of more than 80,000 potential users. The company also said it is working on additional capital facilities to support larger-scale growth.
• The Bitcoin Gift Card continues to perform well, onboarding thousands of new customers and re-engaging existing users, and Fold is restructuring distribution economics to reduce customer friction and expand retail placement. Management expects the business to become increasingly cost neutral upfront while driving longer-term cross-sell into other products.
• Fold’s new Bitcoin Bonus Program with Steak ‘n Shake and others is drawing interest from additional employers, which management says could broaden into payroll, benefits, treasury, and corporate spending tools over time. The company views this as a potentially significant new business channel beyond consumer rewards.

Fold Price Performance

Shares of Fold stock traded up $0.01 during trading hours on Tuesday, reaching $1.48. The stock had a trading volume of 294,391 shares, compared to its average volume of 142,364. The stock’s 50 day moving average is $1.34 and its 200 day moving average is $2.16. The firm has a market capitalization of $73.75 million, a PE ratio of -0.62 and a beta of 0.39. Fold has a twelve month low of $1.00 and a twelve month high of $5.54. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09.

Analysts Set New Price Targets

A number of brokerages have recently commented on FLD. Cantor Fitzgerald lowered their target price on Fold from $4.50 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings restated a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. HC Wainwright lowered their target price on Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, Wall Street Zen upgraded Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Insider Buying and Selling at Fold

In other Fold news, CFO Wolfe Repass sold 21,857 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $1.48, for a total value of $32,348.36. Following the completion of the transaction, the chief financial officer owned 150,377 shares in the company, valued at approximately $222,557.96. This represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 122,099 shares of company stock valued at $178,281 in the last three months. Corporate insiders own 23.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barclays PLC acquired a new position in shares of Fold during the 4th quarter worth about $26,000. Goldman Sachs Group Inc. purchased a new stake in Fold during the 4th quarter valued at about $28,000. Aptus Capital Advisors LLC purchased a new stake in Fold during the 3rd quarter valued at about $39,000. Charles Schwab Investment Management Inc. purchased a new stake in Fold during the 4th quarter valued at about $41,000. Finally, Squarepoint Ops LLC purchased a new stake in Fold during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

Trending Headlines about Fold

Here are the key news stories impacting Fold this week:

• Negative Sentiment: Fold reported first-quarter revenue of $5.6 million, down 21.1% year over year, while transaction volumes fell 32% from a year earlier, signaling weaker business activity. Fold Holdings, Inc. (NASDAQ: FLD) Announces First Quarter 2026 Results
• Negative Sentiment: The company posted a quarterly loss of $0.59 per share, missing analyst expectations by a wide margin, and revenue also came in below estimates at $5.59 million versus about $10.0 million expected. Quarterly Earnings Press Release
• Neutral Sentiment: Fold said it now has more than 1,000 Fold Bitcoin Credit Cards in circulation and is using restructuring fees on its Bitcoin Gift Card to support distribution, which may help future growth but is not an immediate earnings driver. Fold Holdings, Inc. (NASDAQ: FLD) Announces First Quarter 2026 Results
• Neutral Sentiment: Several unrelated articles about Samsung, Motorola, and Apple foldable phones were also circulating, but they do not appear to directly affect Fold Holdings’ operating results.

Fold Company Profile

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.

Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.