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Fold announces 2025 financial report: annual net loss of 69.6 million USD, revenue increased by 34% year-on-year to 31.8 million USD
According to The Block, Nasdaq-listed Bitcoin infrastructure company Fold released its 2025 financial report, expecting a net loss of $69.6 million for the year, with an operating loss widening to $27.7 million, and revenue increasing by 34% year-on-year to $31.8 million.
Adjusted EBITDA loss was $17.2 million, with an adjusted loss per share of $0.41. The company added 13,000 new customers, bringing the total verified accounts to 84,000, and the total transaction volume for the year increased by 46% to $960 million. To simplify its balance sheet, the company paid over $9.6 million to settle two outstanding convertible bonds.
Fold recently launched its enterprise service Fold For Business and a Bitcoin rewards credit card, offering up to 4% BTC cashback. The CEO stated that the credit card will significantly expand the addressable market. Fold currently holds 1,527 Bitcoins, and as of the time of writing, its stock price has dropped 61% year-to-date.
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