Fold (NASDAQ:FLD) Issues Earnings Results

Fold (NASDAQ:FLD) released its earnings results on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04), FiscalAI reports. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. The company had revenue of $6.09 million for the quarter, compared to the consensus estimate 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 Price Performance

Shares of FLD traded down $0.00 during trading hours on Tuesday, hitting $0.45. The company’s stock had a trading volume of 172,599 shares, compared to its average volume of 1,026,108. The company has a market cap of $22.86 million, a price-to-earnings ratio of -0.42 and a beta of 0.36. The business has a 50 day simple moving average of $0.52 and a two-hundred day simple moving average of $1.11. Fold has a 52-week low of $0.36 and a 52-week high of $4.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FLD shares. Northland Securities set a $3.50 price target on shares of Fold in a report on Wednesday, May 13th. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Cantor Fitzgerald decreased their target price on Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Fold in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.73.

Key Stories Impacting Fold

Here are the key news stories impacting Fold this week:

• Positive Sentiment: Fold reported several strategic developments alongside its quarterly results, including the elimination of $20 million in secured debt, more than 2,000 Fold credit cards entering early access—more than double the prior quarter—and plans to expand into asset-based revenue streams. These initiatives could improve the company’s financial flexibility and create future revenue opportunities. Fold Holdings Announces Second Quarter 2026 Results
• Neutral Sentiment: Reported short interest was listed at zero shares as of August 11, unchanged from July 27, with a zero-day short-interest ratio. Because the data shows a zero-to-zero comparison and an invalid percentage change, it provides no meaningful indication of rising or falling bearish positioning.
• Negative Sentiment: Fold posted a quarterly loss of $0.19 per share, missing the consensus estimate of a $0.15 loss. Revenue of $6.09 million also came in below the $7.67 million analyst forecast. The company’s negative 164.63% net margin and negative 90.99% return on equity underscore its ongoing profitability challenges. Fold Quarterly Earnings Press Release

Insider Activity at Fold

In other Fold news, Director Jonathan Kirkwood purchased 105,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $0.61 per share, for a total transaction of $64,050.00. Following the purchase, the director 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 123,500 shares of company stock worth $84,890 and have sold 91,539 shares worth $93,754. Insiders own 23.08% of the company’s stock.

Institutional Investors Weigh In On Fold

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

About Fold

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.