Fold published a Form 8-K reporting Q4 and full-year 2025 results. FY 2025 revenue was USD 31.8 million, up 34% YoY, and operating loss was USD 27.7 million. FY 2025 total transaction volume was USD 960 million, up 46% YoY, and bitcoin investment treasury holdings were 1,527 BTC. Q4 revenue was USD 9.1 million, up 8% YoY, while operating loss was USD 6 million. Chairman and CEO Will Reeves said Fold began a limited launch of its Bitcoin rewards credit card and launched Fold for Business, while also retiring its outstanding convertible debt instruments.
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