Fold Reports $69.6 Million Net Loss in 2025, Bets on Bitcoin Credit Card to Expand User Base

Odaily News Nasdaq-listed Bitcoin financial services company Fold has released its 2025 financial report, revealing a full-year net loss of $69.6 million. Its operating loss expanded to $27.7 million, showing a significant year-on-year increase.

Despite the widening losses, the company's revenue grew 34% year-on-year to $31.8 million, and its total annual transaction volume increased 46% to $960 million. Fold added approximately 13,000 new users throughout the year, bringing its total number of accounts to 84,000.

The adjusted EBITDA loss was $17.2 million, corresponding to a loss per share of $0.41. Additionally, the company recorded approximately $9.6 million in one-time expenses related to the repayment of a portion of its convertible bonds to optimize its balance sheet structure.

Fold stated that it is currently expanding its user base and building a Bitcoin-centric financial services ecosystem by launching its enterprise business, "Fold For Business," and a new Bitcoin credit card. The company's CEO, Will Reeves, stated that these products will become crucial levers for future growth.