Fold Holdings, Inc.

For the period ended Mar 31, 2026. Filed May 12, 2026.

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, 2026 · Filed May 12, 2026

FLD$0.44-4.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Statements of Cash Flows

	Three Months Ended March 31,
2026 · 2025
Cash flows from operating activities
Net loss	$(29,167,906)		$(48,879,200)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense	156,079		91,071
Loss on digital assets - rewards treasury	1,689,455		1,010,586
Loss on digital assets - investment treasury	28,629,465		15,617,152
Gain on customer rewards liability	(1,507,471)		(1,100,857)
Change in fair value of convertible note	(13,200,089)		6,534,143
Convertible note issuance costs and fees	-		9,569,109
Loss on extinguishment of debt	4,005,132		-
Amortization of debt issuance costs	6,638		-
Amortization of debt discount and premium	(114,731)		525,921
Change in fair value of SAFEs	-		6,503,113
Share-based compensation expense	1,696,766		5,170,275
Other non-cash adjustments	(343,039)		-
Increase (decrease) in cash resulting from changes in:
Accounts receivable, net	188,854		(491,433)
Inventories	17,344		(140,782)
Prepaid expenses and other current assets	(11,187)		(962,423)
Accounts payable	948,516		373,426
Accrued expenses and other current liabilities	816,814		660,721
Customer reward liability	344,298		611,552
Deferred revenue	(57,625)		(46,574)
Other non-current liabilities	(689,680)		-
Net cash used in operating activities	(6,592,367)		(4,954,200)
Cash flows from investing activities
Purchases of digital assets	(716,500)		(1,562,973)
Proceeds from sales of digital assets	14,376,468		-
Payments for capitalized software development costs	(467,031)		(266,221)
Net cash provided by (used in) investing activities	13,192,937		(1,829,194)
Cash flows from financing activities
Proceeds from issuance of note	13,000,000		-
Repayment of convertible note	(25,166,667)		-
Proceeds from recapitalization	-		804,600
Payments of deferred IPO costs	-		(652,013)
Proceeds from issuance of common stock	389,665		-
Proceeds from credit facility	10,000,000		-
Common stock withheld for employee tax obligations	(949,300)		-
Net cash provided by (used in) financing activities	(2,726,302)		152,587
Net increase (decrease) in cash and cash equivalents	3,874,268		(6,630,807)
Cash and cash equivalents, beginning of period	7,652,203		18,330,359
Cash and cash equivalents, end of period	$11,526,471		$11,699,552
Non-cash investing and financing activities
Non-cash payment of interest with common stock	$613,334	$	-
Distributions of digital assets to fulfill customer reward redemptions	455,794		714,802
Distributions of digital assets to satisfy other current obligations	480,307		1,012
Non-cash repayment of convertible note via transfer of digital assets - related party	34,007,466		-
Non-cash amortization of deferred issuance costs	6,451		-
Non-cash allocation of convertible note proceeds to embedded derivative	63,418		-
Non-cash allocation of note proceeds to commitment shares	785,200		-
Recapitalization	-		173,019,904
Proceeds from convertible debt received in digital assets - related party	-		43,965,525
Distributions of digital assets for prepaid interest - related party	-		2,313,975
Supplemental disclosure of cash flow information
Cash paid during the period for interest expense	2,655,139		-

ContentsView on SEC.gov

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