Fold Holdings Q1 revenue falls on lower Bitcoin prices and transactions

Fold Holdings

12/05/2026 21:42

Overview

Bitcoin financial services firm's Q1 revenue fell 21% yr/yr, missing analyst expectations

Q1 adjusted EBITDA loss widened and missed analyst estimates

Company restructuring Bitcoin Gift Card fees to accelerate distribution and customer acquisition

Outlook

Fold expects continued distribution of its Bitcoin Rewards Credit Card throughout the year

Company is restructuring Bitcoin Gift Card fees to accelerate distribution and customer acquisition

Fold believes full distribution of Bitcoin Gift Card will drive new user growth and product adoption

Result Drivers

LOWER BITCOIN PRICES - Co said lower bitcoin prices reduced transaction volumes, trading activity, and consumer engagement

TRANSACTION VOLUME DECLINE - Total transaction volume fell 32% yr/yr, contributing to lower revenue

PRODUCT INITIATIVES - Co continued rollout of Bitcoin Rewards Credit Card and is restructuring Bitcoin Gift Card fees to drive customer acquisition

Company press release: ID:nGNX3WJ6T6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$5.59 mln
$10 mln (4 Analysts)
Q1 EPS
-$0.59
Q1 Net Income
-$29.16 mln
Q1 Adjusted EBITDA
Miss
-$5.80 mln
-$5.68 mln (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Fold Holdings Inc is $3.00, about 104.1% above its May 11 closing price of $1.47

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)