Fold Holdings Inc. (NASDAQ: FLD) closed fiscal year 2025 with significant operational momentum, according to an update from Stonegate Capital Partners. The company reported full-year revenue of $31.8 million, up 34% year-over-year, driven by transaction volume of $960 million, which increased 46% compared to the prior year. Verified accounts grew 20% to over 84,000, including approximately 13,000 net new accounts added during the year. The results underscore continued platform scaling and broader product adoption, though profitability remained under pressure due to ongoing investments. Operating loss for the year stood at $27.7 million, with adjusted EBITDA of negative $17.2 million, reflecting the company's focus on long-term growth over near-term earnings.
In the fourth quarter of fiscal 2025, revenue rose 8% year-over-year to $9.1 million, but key operating metrics softened. Transaction volume declined 3% compared to the same period last year to $215 million, and verified account growth moderated to approximately 2,000 net additions. Stonegate attributed the slowdown to weaker bitcoin market conditions, describing it as market-driven rather than structural. The quarterly performance suggests that while Fold's core business remains on a growth trajectory, it is not immune to cryptocurrency market volatility.
Looking ahead, Fold's expansion into credit cards, gift cards, and Fold for Business is expected to meaningfully enhance monetization, user engagement, and customer acquisition heading into fiscal 2026. These new products broaden the company's addressable market and provide multiple revenue streams beyond transaction fees. Additionally, Fold maintains a sizable Bitcoin treasury and a flexible balance sheet, offering added liquidity to support execution as new products scale. The company's financial position provides a buffer against market fluctuations and enables continued investment in growth initiatives.
The full announcement and additional details are available through the official release. For more information, visit the Stonegate Capital Partners website or the Reportable distribution platform.
