Fold Holdings Q3 revenue misses estimates
FLD•Fold Holdings reported Q3 2026 revenue of $4.20 million, below the $7.73 million analyst estimate, and a net loss of $2.60 million. Custody & Trading revenue rose 270%, driven by TikTok Shop gift card sales.
1. Quarterly results
Fold Holdings reported Q3 2026 revenue of $4.20 million, missing the $7.73 million consensus estimate from four analysts. The company posted a net loss of $2.60 million.
2. Revenue and products
Custody & Trading revenue rose 270%, with TikTok Shop becoming the company’s largest gift card and customer acquisition channel. Fold said early demand for new balance products, including Fold Reserve and Lead Bank accounts, ran ahead of expectations, with customers holding balances several times larger than the average user.
3. Credit card plans
Fold expects to announce a financing partner for its Credit Card program soon and plans to add a credit facility partner to scale the program.
