Fold Holdings reports 34% revenue growth despite ongoing losses in 2025
Fold Holdings Inc. has released its financial results for fiscal year 2025, showing strong growth in key areas. The company reported a 34% rise in annual revenue, reaching $31.8 million. Despite ongoing investments, it also expanded its user base and transaction volumes significantly.
The company's revenue for the year climbed to $31.8 million, up from the previous period. In the final quarter alone, earnings grew by 8% to $9.1 million. However, transaction volume in that quarter dipped slightly by 3% to $215 million.
Over the full year, transaction volume surged by 46%, hitting $960 million. Verified accounts also increased by 20%, with the total exceeding 84,000 by year-end. This included around 13,000 net new accounts, with approximately 2,000 added in the last quarter.
Operating losses remained high at $27.7 million, while adjusted EBITDA stood at negative $17.2 million. Stonegate Capital Partners noted that these figures reflect continued investment in growth. The firm highlighted Fold's diversified product range—including its credit card, gift card, and business platform—as key drivers for 2026.
Analysts at Stonegate described the company as having 'real scale momentum' moving forward. They also pointed to its financial strength as a buffer against cryptocurrency market fluctuations.
Fold Holdings Inc. ends the year with higher revenue, more users, and expanded transaction activity. The company's losses reflect its focus on scaling operations, with plans to build on its product offerings in 2026. Its financial position is seen as stable despite ongoing market challenges.
