Fold Holdings, Inc. · NASDAQ:FLD
Fold — Q3 2025 Earnings Presentation
15 slides from Fold's earnings presentation, Nov 10, 2025
Slide 1: Q3'25 Review
Q3`25 Review Nov 10, 2025
Slide 2: Disclaimer
Disclaimer Forward looking statements This Presentation contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. For example, statements regar
Slide 3: Company highlights and Q3 2025 highlights
Q3’25 A s of September 30, 2025 As of November 7, 2025 Fold Holdings, Inc. Accounts are current Fold accounts that have not been deactivated by Fold or the user Verified Accounts are current Fold accounts who have gone through Know Your Customer (“KYC”) verification to participate in our banking and
Slide 4: Product offerings
Product offerings Banking & Payments Custody & Trading Upcoming Bitcoin Rewards Credit Card FDIC insured cash account through Sutton Bank Buy, sell, deposit, and withdraw bitcoin Traditional unsecured credit card Visa prepaid debit card Currently available in 46 states Spend USD, earn bitcoin reward
Slide 5: Product offerings (continued)
Product offerings (continued) Merchant Rewards Bitcoin Gift Cards Bitcoin rewards marketplace New distribution channel for bitcoin financial services Gift cards, card-linked offers, partnerships, etc. Available online (Fold app, foldapp.com, giftcards.com, etc.) Brand offerings include Amazon, Uber,
Slide 6: Strategic partnerships
Strategic partnerships Q3'25 Review © Fold Holdings, Inc. 2025 6
Slide 7: Market cap, bitcoin treasury and sats per share
Q3’25 As of November 7, 2025 Market Cap is calculated as the closing price of FLD multiplied by the total number of Common Shares Outstanding as of the date indicated. Bitcoin Treasury Bitcoin NAV represents the total number of bitcoin the Company holds multiplied by the closing market price of one
Slide 8: Q3'25 Year over Year (YTD) KPI Highlights
Q3’25 – Year over Year (YTD) KPI Highlights KPI Q3 2025 (YTD) Q3 2024 (YTD) +/- +/- % Revenues $22,662,702 $15,311,724 $7,350,978 48% Net Income (Loss) $(34,899,390) $(65,575,171) $30,675,781 47% Adjusted EBITDA (non-GAAP) $(13,101,239) $(6,228,521) $(6,872,718) (110%) Total Accounts 625K+ 580K+ 45K
Slide 9: Q3'25 Year over Year (QTD) KPI Highlights
Q3’25 – Year over Year (QTD) KPI Highlights KPI Q3 2025 (QTD) Q3 2024 (QTD) +/- +/- % Revenues $7,398,939 $5,241,889 $2,157,050 41% Net Income (Loss) $554,242 $(62,310,678) $62,864,920 NM1 Adjusted EBITDA (non-GAAP) $(4,201,998) $(4,206,774) $4,776 0% New Accounts 7K+ 6K+ ~1K ~16% New Verified Accou
Slide 10: Q3'25 KPI Highlights
Q3’25 KPI Highlights Total accounts Total verified accounts 630K 82K 82K 625K 80K 620K 80K 619K 78K 610K 76K 609K 76K 600K 74K 72K 590K 591K 70K 71K 580K 68K 580K 68K 66K 570K 64K 560K 62K 550K 60K Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q3'25 Review © Fold Holdings, Inc. 2025 10
Slide 11: Appendices
Appendices
Slide 12: Financial statements: Non-GAAP financial metrics reconciliation
Financial statements Non-GAAP financial metrics reconciliation Q3'25 Supplemental Earnings Presentation © Fold Holdings, Inc. 2025 12
Slide 13: Q3'25 Shares Outstanding
Q3’25 O n June 16, 2025, the Company entered into a Waiver, Amendment and Joinder Agreement with its subsidiary, Fold, Inc., a Delaware corporation (“Subsidiary”), and the investor to amend the December Shares Outstanding 2024 Securities Purchase Agreement. This amendment resulted in the Company ext
Slide 14: Available Capital Market Strategies
Q3’25 Available Capital Market Strategies Potential sources of proceeds Planned use of proceeds BTC treasury guidelines We plan to accumulate bitcoin through a combination of operating cash flows and Add bitcoin to Investment Treasury strategic capital raises Accelerate product roadmap We will pursu
Slide 15: Fold is a bitcoin financial services company
Fold is a bitcoin financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial services. By integrating bitcoin into every day financial services, Fold aims to make the American Dream available to more people. www.foldapp.com