Fold Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	31.79	23.75	21.53	28.88
Revenue Growth (YoY)	33.85%	10.30%	-25.43%	-
Cost of Revenue	47.38	25.93	24.88	35.73
Gross Profit	-15.59	-2.17	-3.35	-6.86
Selling, General & Admin	11.99	3.76	2.14	2.43
Amortization of Goodwill & Intangibles	0.56	0.29	0.38	0.25
Other Operating Expenses	0.39	-5.63	-4.24	5.4
Operating Expenses	12.94	-1.58	-1.71	8.08
Operating Income	-28.53	-0.59	-1.63	-14.93
Interest Expense	-5.71	-0.23	-	-
Interest & Investment Income	0.39	0.09	-	-
Other Non Operating Income (Expenses)	-25.21	-64.35	-5.53	2.97
EBT Excluding Unusual Items	-59.05	-65.08	-7.16	-11.96
Other Unusual Items	-10.54	-	-	-
Pretax Income	-69.59	-65.08	-7.16	-11.96
Income Tax Expense	0	0.01	0.01	0.01
Net Income	-69.59	-65.09	-7.17	-11.97
Net Income to Common	-69.59	-65.09	-7.17	-11.97
Shares Outstanding (Basic)	42	6	7	7
Shares Outstanding (Diluted)	42	6	7	7
Shares Change (YoY)	623.31%	-17.47%	-0.44%	-
EPS (Basic)	-1.65	-11.15	-1.01	-1.69
EPS (Diluted)	-1.65	-11.15	-1.01	-1.69
Gross Margin	-49.02%	-9.15%	-15.55%	-23.74%
Operating Margin	-89.73%	-2.50%	-7.59%	-51.72%
Profit Margin	-218.88%	-274.02%	-33.31%	-41.46%
EBITDA	-28.22	-0.57	-1.61	-14.68
EBITDA Margin	-88.77%	-2.38%	-7.46%	-50.85%
D&A For EBITDA	0.31	0.03	0.03	0.25
EBIT	-28.53	-0.59	-1.63	-14.93
EBIT Margin	-89.73%	-2.50%	-7.59%	-51.72%

Source: S&P Capital IQ. Standard template. Financial Sources.