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Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

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Home›Coverage›FLDDW
On this page
OverviewFinancialsValuationQualitySmart moneyTimelineFilings

FLDDWFold Holdings, Inc.

Last earnings +0.0% on 2026-05-12

Sell
$0.09
▲ +13.81%
Rating
Sell
Quality
C-
Valuation
Fair value
Filings
Watch
How to read this →
SellRevenue grew 33.9% YoY; but unprofitable (net margin -218.9%).Revenue (FY2025) $31.8MFull call ↓
$0.09▼ -87.59%
over 1Y
L $0.08H $0.76
Our buy Our hold Our sell Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today
+13.8%
1W
-7.9%
1M
-43.6%
3M
-8.1%
YTD
-41.9%
1Y
-87.6%
OverviewFinancialsValuationQualitySmart moneyTimelineFilings
Sell
Conviction
Horizon
Medium (3–12mo)

Revenue grew 33.9% YoY; but unprofitable (net margin -218.9%).

Revenue (FY2025) $31.8M · FY2025

This call stands until the filings change it — the engine re-rates on new 10-K/10-Q/8-K facts, never on price moves. Hit Watch above to follow FLDDW (Pro alerts fire the moment a rating flips), or catch every change in Saturday’s Flip Side. How to read a call

Fold Holdings, Inc. shows $31.8M in FY2025 revenue (+33.9% YoY), a -218.9% net margin, and -110.5% ROE.

Supporting the case: revenue grew 33.9% YoY.

Is FLDDW a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~65d expiry
  • Long put 0.5 @ ~0.41 est
  • Short put 0.5 @ ~0.41 est
debit $0max +$0max $0

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →
Browse all model plays →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financialsannual, by fiscal year

Line itemFY22FY23FY24FY25
Revenue——$23.8M$31.8M
Gross profit————
Operating income-$1.78M-$3.73M-$2.92M—
Net income$1.12M$4.44M-$65.1M-$69.6M
Diluted EPS——-$11.15-$1.65
Net margin——-274.0%-218.9%

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value-$3.22M
EV / EBITDA—
EV / Sales-0.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-1569.1%
FCF yield—

Quality & risk

ROIC (est.)-3.7%
Free cash flow—
Total debt—
Net cash$7.65M
Altman Z-Score-1.41 distress
Piotroski F-Score3/7

Capital returns

Buyback yield2631.9%
Dividend yield (est.)—
Shareholder yield2631.9%
Shares Δ YoY+6.3%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timelineSEC · 8-Ks + reports

Some governance/structural items recently, but no outright red flags.
  1. 8-K Reg FD disclosure2026-06-10
  2. 8-K Reg FD disclosure2026-05-27
  3. 8-K Shareholder vote2026-05-20
  4. 8-K Earnings results2026-05-12
  5. 10-Q Quarterly report2026-05-12
  6. S-3 Shelf registration (potential raise)2026-05-07
  7. DEF 14A Proxy statement2026-04-08
  8. 8-K Reg FD disclosure2026-03-23
  9. 8-K Earnings results2026-03-17

Recent filings

all on EDGAR ↗
4Period ending 2026-07-012026-07-06open ↗4Period ending 2026-07-012026-07-06open ↗4Period ending 2026-07-012026-07-06open ↗144Filing2026-07-02open ↗144Filing2026-07-02open ↗144Filing2026-07-02open ↗4Period ending 2026-06-122026-06-15open ↗424B3Filing2026-06-10open ↗8-KPeriod ending 2026-06-102026-06-10open ↗S-8Filing2026-06-04open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗

Quality score

C-
ValueGrowthProfitHealthMom.
ValueA+
GrowthB-
ProfitabilityF
Financial healthC+
MomentumF
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
0.0852-week0.76
Revenue
$31.8M
+33.9% YoY
Net margin
-218.9%
ROE
-110.5%
P/E
—

SEC fundamentals · FY 2025

'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$31.8M+33.9%
Net income-$69.6M-6.9%
Operating income-$2.92M+21.7%
Diluted EPS-$1.65+85.2%
Cash & equivalents$7.65M-58.3%
Total assets$153M+22.1%
Total liabilities$90.5M-53.2%
Stockholders' equity$63.0M+192.9%
Op.: -9.2%L/E: 1.44x

Frequently asked

Is Fold Holdings, Inc. (FLDDW) a buy?
FLDDW currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 33.9% YoY; but unprofitable (net margin -218.9%).
What is Fold Holdings, Inc.'s quality score?
FLDDW scores 53.73942482079087/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

New filings change verdicts

The daily Brief delivers our freshest calls, rating flips and the filings behind them — every morning, free.

Sources: SEC EDGAR (CIK 0001889123, latest 10-Q filed 2026-05-12) · EODHD · as of 7/15/2026, 7:31:40 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 15, 2026, 3:31 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Intraday
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NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
Intraday
NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
Smart money○○○→

Smart moneyinsiders · Congress · funds

○○○

Disclosed smart-money activity in FLDDW, but no clear buy consensus.

▼
Corporate insiders
1 open-market buy · 12 sales · last 90 days
Form 4
—
Congress
No disclosed trades
STOCK Act · ~45d lag
—
Institutions
1 tracked fund hold · $39.7K
13F · quarterly

Different disclosure clocks — Form 4s file within days, Congress PTRs lag up to ~45 days, and 13F holdings are a quarterly snapshot (up to ~4.5 months old). A disclosed-accumulation view, not live correlation.

Insider activityForm 4 · SEC

all insiders →

Last 90 days: 1 open-market buy · 12 sales

2026-07-02
Dickman Thomas J
Chief Technology Officer
Selldiscretionary
5.00 @ $0.49$2.46
2026-07-02
Reeves William Brian Poppic
Chief Executive Officer
Selldiscretionary
4.45K @ $0.49$2.19K
2026-07-02
Reeves William Brian Poppic
Chief Executive Officer
Selldiscretionary
415.00 @ $0.49$204.18
2026-07-02
Repass Wolfe
Chief Financial Officer
Selldiscretionary
415.00 @ $0.49$204.18
2026-07-02
Repass Wolfe
Chief Financial Officer
Selldiscretionary
4.00 @ $0.49$1.97
2026-07-02
Repass Wolfe
Chief Financial Officer
Selldiscretionary
712.00 @ $0.49$350.30
2026-07-01
Dickman Thomas J
Chief Technology Officer
Exercise
17.00
2026-07-01
Reeves William Brian Poppic
Chief Executive Officer
Exercise
1.07K
2026-07-01
Reeves William Brian Poppic
Chief Executive Officer
Exercise
11.5K
2026-07-01
Repass Wolfe
Chief Financial Officer
Exercise
2.64K
2026-07-01
Repass Wolfe
Chief Financial Officer
Exercise
17.00
2026-07-01
Repass Wolfe
Chief Financial Officer
Exercise
1.54K

Held by tracked fundsForm 13F · SEC · quarterly

Sculptor Capital334K sh$39.7K

As of each fund’s latest quarterly 13F — a delayed snapshot, not a live position. All tracked funds →

Fails-to-deliver

SEC · settled 2026-06-11
5.17Kshares failed to deliverSpike · 5.5× median

FLDDW fails-to-deliver history — every published settlement day →

Aggregate CNS settlement fails on the latest published day, vs this name’s trailing median. From SEC fails-to-deliver data (published twice monthly) — a settlement metric, not short interest.

Earnings history

beat/miss · move
2026-05-12—▲ 0.00%8-K ↗
2026-03-17—▼ -6.11%8-K ↗
2025-11-10—▲ +3.35%8-K ↗
2025-08-12—▼ -13.64%8-K ↗
2025-05-15—▼ -2.94%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Fold Holdings Inc (FLD) Q4 2025 Earnings Call Highlights: Strategic Partnerships and Innovative ...Bullish
finance.yahoo.com· 2026-03-18
Fold Holdings Inc (FLD) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...Bullish
finance.yahoo.com· 2025-11-11
Fold Holdings, Inc. (FLD) Launches Bitcoin Rewards Credit Card with Stripe and VisaBullish
finance.yahoo.com· 2025-09-26

Vs tracked universe

compare →

1178 tracked peers · median

TENK Score54 vs 67
Revenue growth33.9% vs 7.6%
Net margin-218.9% vs 10.0%
Return on equity-110.5% vs 12.0%
P/E— vs 26.4