Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Fold Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
23.8
31.8
Selling and marketing
0.3
1.2
General and administrative
3.73
2.92
Operating expenses
29.6
59.5
Operating income
-1.78
-3.73
-2.92
Interest expense
0.23
5.71
Interest income
3.62
11.2
2.95
Other non-operating income
10.5
-59.3
-41.9
Pre-tax income
1.84
6.77
-65.1
-69.6
Income tax
0.73
2.33
0.01
0
Income from continuing operations
-5.81
-27.7
Net income
1.12
4.44
-65.1
-69.6
EPS, basic
-11.15
-1.65
EPS, diluted
-11.15
-1.65
Shares, basic (weighted)
5.84
42.2
Shares, diluted (weighted)
5.84
42.2
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.07
1.49
18.3
7.65
Receivables
0.45
0.73
Inventory
0.26
0.48
Other current assets
0.19
0.19
0.69
2.38
Total current assets
0.26
0.31
28.3
18.1
Other non-current assets
0
0.3
Total assets
256
166
126
153
Accounts payable
0.11
0.11
1.11
0.7
Deferred revenue
1.01
0.88
0.37
Total current liabilities
0.49
3.39
21.9
21.1
Other non-current liabilities
0
0.69
Total liabilities
10.4
4.55
193
90.5
Paid-in capital
6.98
33.5
234
Retained earnings
-8.5
-11.3
-101
-171
Shareholders' equity
-8.5
-8.43
-67.8
63
Total equity
-8.5
-8.43
-67.8
63
Total liabilities and equity
256
166
126
153
Shares outstanding
5.84
48.4
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
1.12
4.44
-65.1
-69.6
Stock-based compensation
0
9.97
Deferred income tax
0
0
Change in receivables
0.17
-0.28
Change in inventory
-0.13
-0.22
Change in payables
0.03
0.29
0.75
-0.41
Cash from operations
-1.7
-5.08
-3.31
-16.1
Cash from investing
-28.4
99.8
-2.51
-8.97
Stock issued
-1.65
4.37
Share buybacks
-96.8
-117
Cash from financing
29
-94.8
22.7
14.4
Net change in cash
-1.16
-0.04
16.8
-10.7
Interest paid
0.05
Income taxes paid
2.77
0
0.01
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.54 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-258.6%
Pre-tax income / revenue.
Net margin
-258.6%
Net income / revenue.
Operating cash flow margin
-82.3%
Cash from operations / revenue.
Return on equity (ROE)
-233.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-139.0%
Net income / average total assets.
Stock-based pay / revenue
23.0%
Stock-based compensation (from the cash flow statement) / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
33.9%
Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
22.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-15.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
623.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.84x
Current assets / current liabilities.
Quick ratio
1.37x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.34x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.54
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.45
Cash from operations / diluted weighted shares.
Book value per share
$0.57
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.05x
Market cap / revenue.
P/B
0.95x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.95x
Market cap / tangible book value, when positive.
EV/Sales
0.04x
Enterprise value / revenue.
Earnings yield
-246.8%
Net income / market cap (the inverse of P/E).
What was Fold Holdings, Inc.'s revenue in fiscal 2025?
Fold Holdings, Inc. reported revenue of $31.8M for fiscal 2025, 33.9% higher than the year before.
Was Fold Holdings, Inc. profitable in fiscal 2025?
No. It reported a net loss of $69.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.