Fold Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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, 2026 · Filed Nov 10, 2026
FLD$0.44-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Cash Flows
| Nine Months Ended September 30, | |||
|---|---|---|---|
| 2026 · 2025 | |||
| Cash flows from operating activities | |||
| Net loss | $(41,469,352) | $(34,899,390) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Amortization expense | 545,431 | 430,756 | |
| Loss (gain) on digital assets - rewards treasury | 687,458 | (1,961,803) | |
| Loss (gain) on digital assets - investment treasury | 24,445,385 | (31,203,938) | |
| (Gain) loss on customer rewards liability | (284,149) | 1,477,444 | |
| Change in fair value of convertible note | (13,200,089) | 14,470,683 | |
| Convertible note issuance costs and fees | - | 9,569,109 | |
| Loss on extinguishment of debt | 4,005,132 | 9,612,199 | |
| Amortization of debt issuance costs | 6,638 | 122,902 | |
| Amortization of debt discount and premium | 392,082 | 768,225 | |
| Change in fair value of SAFEs | - | 6,503,113 | |
| Share-based compensation expense | 5,108,887 | 8,470,932 | |
| Other non-cash adjustments | (484,019) | - | |
| Legal settlement paid in digital assets | 1,374,828 | - | |
| Increase (decrease) in cash resulting from changes in: | - | ||
| Accounts receivable, net | (394,103) | 161,515 | |
| Credit card receivable, net | (3,957,933) | - | |
| Inventories | (316,518) | (103,236) | |
| Prepaid expenses and other current assets | 605,834 | 581,100 | |
| Accounts payable | 117,127 | (104,846) | |
| Accrued expenses and other current liabilities | 1,981,699 | 2,413,679 | |
| Customer rewards liability | 1,170,468 | 1,826,398 | |
| Deferred revenue | (223,471) | (52,470) | |
| Other non-current liabilities | (689,680) | 491,397 | |
| Net cash used in operating activities | (20,578,345) | (11,426,231) | |
| Cash flows from investing activities | |||
| Purchases of digital assets | (3,359,836) | (3,138,623) | |
| Proceeds from sales of digital assets | 59,120,684 | - | |
| Payments for capitalized software development costs | (1,210,540) | (619,446) | |
| Net cash provided by (used in) investing activities | 54,550,308 | (3,758,069) | |
| 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) | |
| Payment of debt issuance costs | - | (113,320) | |
| Payment of deferred offering costs | (125,000) | ||
| Proceeds from issuance of common stock | 3,294,846 | 3,478,137 | |
| Proceeds from credit facility | 10,000,000 | - | |
| Repayment of credit facility | (20,000,000) | - | |
| Common stock withheld for employee tax obligations | (949,300) | - | |
| Net cash (used in) provided by financing activities | (19,946,121) | 3,517,404 | |
| Net increase (decrease) in cash and cash equivalents | 14,025,842 | (11,666,896) | |
| Cash and cash equivalents, beginning of period | 7,652,203 | 18,330,359 | |
| Cash and cash equivalents, end of period | $21,678,045 | $6,663,463 | |
| Non-cash investing and financing activities | |||
| Non-cash payment of interest with common stock | $613,334 | $1,246,667 | |
| Distributions of digital assets to fulfill customer reward redemptions | 1,370,878 | 2,577,906 | |
| Distributions of digital assets to satisfy other current obligations | 2,231,157 | 184,983 | |
| Non-cash payment for intellectual property acquisition with common stock | 182,379 | - | |
| Non-cash repayment of convertible note via transfer of digital assets - related party | 34,007,466 | - | |
| Non-cash amortization of deferred issuance costs | 167,539 | 43,806 | |
| 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 | |
| Change in fair value of Series C Warrants included in loss on extinguishment | - | 498,771 | |
| 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 | $3,733,749 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.