Fold Holdings ($FLD) revenue down 43.8%, swung to a loss in Q3
Original headline매출 43.8% 감소한 폴드 홀딩스($FLD), 3분기 적자 전환
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Fold Holdings ($FLD) reported third-quarter 2026 net revenue of $4.16 million, down 43.8% from $7.40 million a year earlier, and swung to a net loss of $2.65 million from a $554,242 profit, per its 10-Q filed with the SEC. Operating expenses fell 21.5% year over year to $10.47 million. The company attributed the revenue decline to lower customer trading volumes and reduced merchant-benefit product sales, with average monthly trading volume of $53 million in the quarter. The results matter because they show the bitcoin-linked rewards and trading platform failing to offset a slump in transaction activity even as it cut costs. What to watch next is whether trading volumes and merchant-benefit revenue stabilize in the fourth quarter and whether further expense cuts can narrow the loss.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Fold Holdings, SEC