Fold Loses $69.6 Million Net in 2025, Betting on Bitcoin Credit Card to Expand User Base

SmartContractAuditor · 2026-03-18T23:23:45+00:00

Fold released its 2025 financial report showing a net loss of $69.6 million and operating loss of $27.7 million. Despite the expanded losses, revenue grew 34% year-over-year to $31.8 million, with approximately 13,000 new users added throughout the year. The company plans to launch new business initiatives to drive future growth.

SmartContractAuditor

2026-03-18 23:23:45

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Odaily Planet Daily reports that Nasdaq-listed Bitcoin financial services company Fold announced its 2025 financial results, with a full-year net loss of $69.6 million, and operating losses expanding to $27.7 million, a significant year-over-year increase.

Despite the increased losses, the company’s revenue grew 34% year-over-year to $31.8 million, and total transaction volume for the year increased 46% to $960 million. Fold added approximately 13,000 new users throughout the year, reaching a total of 84,000 accounts.

Adjusted EBITDA loss was $17.2 million, corresponding to a loss of $0.41 per share. Additionally, the company recorded about $9.6 million in one-time expenses related to repaying some convertible bonds to optimize its balance sheet.

Fold stated that it is currently expanding its user base and building a Bitcoin-centric financial services ecosystem through the launch of its enterprise business “Fold For Business” and a new Bitcoin credit card. CEO Will Reeves said these products will become key growth drivers in the future.

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