Fold Holdings Inc (NASDAQ:FLD) Reports Mixed Q3 2025 Results with Strong Growth but Wider-Than-Expected Loss

Fold Holdings Inc (NASDAQ:FLD) reported its third quarter 2025 financial results, delivering a performance that has elicited a notable, though complex, market response. The company, which provides Bitcoin-focused financial services, posted significant year-over-year growth in key operational areas but fell short of analyst expectations on its bottom line, creating a mixed picture for investors.

Earnings and Revenue Versus Estimates

The core of the market's reaction stems from the divergence between Fold Holdings' reported figures and Wall Street's projections. The company demonstrated robust top-line growth but was unable to translate that fully into profitability as anticipated by analysts.

• Revenue: The company reported revenue of $7.4 million for the quarter. This represents a substantial 41% increase compared to the same period last year. However, it fell short of the analyst estimate of approximately $9.3 million.
• Earnings Per Share (EPS): Fold reported a non-GAAP EPS of -$0.15. This was worse than the analyst estimate of -$0.1279, indicating a larger-than-expected loss per share.

Market Reaction and Price Action

The immediate market reaction to these results has been decisively negative. Following the earnings release, the stock experienced a sharp decline in after-hours trading. This price action suggests that investors are focusing more heavily on the earnings and revenue misses rather than the strong year-over-year operational growth. The negative sentiment appears to outweigh the positive fundamental trends highlighted in the press release.

Key Takeaways from the Quarterly Report

Beyond the headline earnings figures, Fold's press release outlined several strong operational achievements that paint a picture of a company experiencing rapid user adoption and solidifying its strategic direction.

The company announced a 43% year-over-year increase in transaction volumes, a key indicator of platform engagement and user growth. Furthermore, Fold continues to actively execute on its Bitcoin-centric strategy, disclosing that it holds 1,526 Bitcoin within its corporate treasury. The press release also highlighted that the company achieved a net income of $0.6 million for the quarter, a positive sign of its potential path to sustainable profitability, even as its EPS figure came in below expectations.

Looking Ahead

The provided press release did not include a formal financial outlook from management for the upcoming quarter or the full year. Consequently, the market's reaction is based solely on the Q3 results versus estimates, without the forward-looking context that guidance can provide. For reference, analysts are currently estimating sales of $12.64 million and an EPS of -$0.13 for the fourth quarter of 2025.

For a more detailed breakdown of historical earnings and future analyst estimates, you can review the data here.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. The author has no position in any securities mentioned. All investment decisions involve risk, and readers should conduct their own research before making any investment decisions.