Fold Holdings, Inc.

For the period ended Mar 31, 2025. Filed May 15, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 15, 2025

FLD$0.45-7.9%Stored close · as of Nov 6, 2026

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Condensed Statements of Operations

	Three Months Ended March 31,
	2025	2024
Revenues, net	$7,087,837	$4,931,211
Operating expenses
Banking and payment costs	6,758,924	4,626,748
Custody and trading costs	45,785	21,288
Compensation and benefits	6,457,940	757,365
Marketing expenses	399,798	42,467
Professional fees	1,788,505	36,668
Amortization expense	91,071	57,353
(Gain) loss on customer rewards liability	(1,100,857)	3,423,045
Loss (gain) on digital assets - rewards treasury	1,010,586	(3,491,889)
Other selling, general and administrative expenses	1,136,455	312,894
Total operating expenses	16,588,207	5,785,939
Operating loss	(9,500,370)	(854,728)
Other income (expense)
Loss on digital assets - investment treasury	(15,617,152)	-
Change in fair value of SAFEs	(6,503,113)	(95,064)
Change in fair value of convertible note	(6,534,143)	-
Convertible note issuance costs and fees	(9,569,109)	-
Interest expense	(1,271,638)	-
Other income	120,303	12,855
Other income (expense), net	(39,374,852)	(82,209)
Net loss before income taxes	(48,875,222)	(936,937)
Income tax expense	3,978	8,109
Net loss	$(48,879,200)	$(945,046)
Net loss per share attributable to common stockholders:
Basic and diluted	$(1.92)	$(0.16)
Weighted average common shares outstanding:
Basic and diluted	25,436,398	5,836,882

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