Bitcoin monetary companies agency Fold reported fourth-quarter income of $9 million, up 8% from a 12 months earlier, because it added 2,000 prospects and expanded its Bitcoin rewards choices.
Income and product development
The outcomes arrived weeks after Fold launched its Bitcoin Rewards Credit score Card, a Visa and Stripe-powered product geared toward bringing bitcoin-backed perks into on a regular basis spending.
CEO Will Reeves stated on the corporate’s earnings name:
“Bitcoin rewards will overtake the airline miles as the popular client reward within the US.”
He stated Fold’s card packages might want to attain tens of millions of customers, although stronger fraud and threat controls are nonetheless wanted earlier than the corporate can scale extra aggressively.
Losses and transaction slowdown
Regardless of the income improve, Fold stated transaction quantity slipped 3% 12 months over 12 months to $215 million.
The corporate additionally posted a $6 million working loss and a full-year web lack of $69.6 million for 2025.
Reeves stated Fold nonetheless met its objectives in its first full 12 months as a public firm:
“We continued so as to add prospects and develop our platform whereas constructing the inspiration to scale a Bitcoin-native monetary companies ecosystem throughout a number of interconnected product strains.”
Fold has additionally rolled out Fold for Enterprise, which lets firms use bitcoin in payroll, bonuses and different monetary packages.
Steadiness sheet and bitcoin gross sales
Reeves stated Fold improved its stability sheet by paying off two convertible debt devices.
He added:
“With the bank card now stay, the launch of an enterprise product, and a cleaner capital construction in place, 2026 is about scaling what we’ve constructed throughout buyer acquisition, engagement, cross-sell, and retention.”
Even so, Fold’s bitcoin treasury fell from 1,527 BTC on the finish of 2025 to 827 BTC as of March 17.
Shares stay underneath strain
Fold shares are down 59% in 2026 and 83.8% over the past 12 months.
The inventory rose 13.4% in after-hours buying and selling after the earnings launch, however later fell 4.46% to $1.07.