Fold Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 10, 2025
FLD$0.45-7.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $6,663,463 | $18,330,359 |
| Accounts receivable, net | 289,940 | 451,455 |
| Inventories | 366,049 | 262,813 |
| Digital assets - rewards treasury | 9,295,587 | 8,569,651 |
| Prepaid expenses and other current assets | 2,460,384 | 687,100 |
| Total current assets | 19,075,423 | 28,301,378 |
| Digital assets - investment treasury | 170,392,495 | 93,568,700 |
| Capitalized software development costs, net | 1,188,750 | 1,000,065 |
| Deferred transaction costs | - | 2,784,893 |
| Other non-current assets | 309,444 | - |
| Total assets | $190,966,112 | $125,655,036 |
| Liabilities and stockholders' equity (deficit) | ||
| Current liabilities | ||
| Accounts payable | $1,051,437 | $1,113,552 |
| Accrued expenses and other current liabilities | 2,221,132 | 71,858 |
| December 2024 convertible note, net | - | 11,752,905 |
| Customer rewards liability | 9,295,587 | 8,569,651 |
| Deferred revenue | 382,983 | 387,776 |
| Total current liabilities | 12,951,139 | 21,895,742 |
| Deferred revenue, long-term | 440,013 | 487,690 |
| June 2025 convertible note, net | 21,644,139 | - |
| March 2025 convertible note - related party | 60,750,183 | - |
| Simple Agreements for Future Equity (“SAFEs”) | - | 171,080,533 |
| Other non-current liabilities | 491,397 | - |
| Total liabilities | 96,276,871 | 193,463,965 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity (deficit) | ||
| Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2025 and 10,204,880 shares issued and outstanding at December 31, 2024 | - | 1,020 |
| Common stock, $0.0001 par value; 600,000,000 shares authorized, 48,720,405 shares issued and 48,018,545 shares outstanding at September 30, 2025 and 5,836,882 shares issued and outstanding at December 31, 2024 | 4,873 | 584 |
| Additional paid-in-capital | 230,932,280 | 33,537,989 |
| Accumulated deficit | (136,247,912) | (101,348,522) |
| Total stockholders’ equity (deficit) | 94,689,241 | (67,808,929) |
| Total liabilities and stockholders’ equity | $190,966,112 | $125,655,036 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.