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

Fold (NASDAQ:FLD) announced its quarterly earnings data 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 return on equity of 90.99% and a negative net margin of 164.63%.The firm had revenue of $6.09 million during the quarter, compared to analysts’ expectations 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 Down 0.3%

Shares of FLD stock traded down $0.00 during trading hours on Tuesday, reaching $0.45. The stock had a trading volume of 172,599 shares, compared to its average volume of 1,026,108. The stock’s fifty day simple moving average is $0.52 and its 200 day simple moving average is $1.11. The firm has a market capitalization of $22.86 million, a PE ratio of -0.42 and a beta of 0.36. Fold has a 12 month low of $0.36 and a 12 month high of $4.70.

Fold News Summary

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

Insiders Place Their Bets

In other news, Director Jonathan Kirkwood bought 105,000 shares of the stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of $0.61 per share, for a total transaction of $64,050.00. Following the purchase, the director directly owned 457,295 shares of the company’s stock, valued at $278,949.95. This trade represents a 29.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over 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. Company insiders own 23.08% of the company’s stock.

Institutional Investors Weigh In On Fold

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Fold during the second quarter valued at $749,000. Baird Financial Group Inc. purchased a new stake in shares of Fold in the 2nd quarter valued at about $445,000. Osaic Holdings Inc. bought a new stake in shares of Fold during the 2nd quarter valued at about $121,000. Vanguard Group Inc. boosted its position in shares of Fold by 650.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after acquiring an additional 1,538,920 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Fold during the third quarter worth about $39,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

Analysts Set New Price Targets

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

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.