Fold reports FY2025 revenue $31.8M (+34% YoY), launches Bitcoin credit card; loss per share $1.65

Fold Holdings, Inc.

Full-year 2025 revenue $31.8M (+34% YoY); GAAP operating loss $27.7M; adjusted EBITDA loss $17.2M; loss per share $1.65.
Q4 2025 revenue $9.1M (+8% YoY); transaction volume $215M (-3% YoY); verified accounts ~84,000.
Bitcoin treasury fell from 1,527 BTC at Dec 31, 2025 to 827 BTC as of Mar 17, 2026.
Launched Fold Bitcoin Rewards Credit Card (limited rollout, up to 4% BTC rewards) and Fold for Business enterprise service.
Retired all outstanding convertible notes, strengthening balance sheet and removing capital structure overhang.

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