Fold Holdings (FLD) Operating Expenses (2022 - 2026)

Fold Holdings (FLD) recorded quarterly Operating Expenses of $13.4 million in Q1 2026, down 11.08% quarter-over-quarter from $15.1 million in Q4 2025, and down 19.08% on a YoY basis from $16.6 million in Q1 2025.

Fold Holdings (FLD) Operating Expenses (2022 - 2026) Analysis & Trends

Fold Holdings' Operating Expenses history runs 5 years deep, the most recent figure standing at $13.4 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 19.08% year-over-year to $13.4 million; the TTM figure through Mar 2026 stood at $56.4 million (up 39.61% YoY), while the FY2025 annual figure was $59.5 million, up 101.32% from the prior year.
  • Operating Expenses was $13.4 million for Q1 2026 at Fold Holdings, down from $15.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $16.6 million in Q1 2025 to a low of $383532.0 in Q2 2022.
  • Historically, Operating Expenses has averaged $6.4 million across 5 years, with a median of $5.8 million in 2024.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses jumped 1276.79% in 2024, then retreated 19.08% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $458073.0 in 2022, then soared by 222.98% to $1.5 million in 2023, then soared by 443.6% to $8.0 million in 2024, then surged by 87.7% to $15.1 million in 2025, then retreated by 11.08% to $13.4 million in 2026.
  • The last three Operating Expenses figures came in at $13.4 million (Q1 2026), $15.1 million (Q4 2025), and $13.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - 386,258.80
2 Morgan Stanley 331.35 Bn 197.82 Bn - 13.47 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 10.43 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 3.29 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 381.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 4.45 Bn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 330.51 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 242.35 Mn
10 Fold Holdings 33.55 Mn 22.02 Mn 5.32 Mn 13.42 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 13.42 Mn
Dec 31, 2025 15.10 Mn
Sep 30, 2025 13.34 Mn
Jun 30, 2025 14.50 Mn
Mar 31, 2025 16.59 Mn
Dec 31, 2024 8.04 Mn
Sep 30, 2024 9.41 Mn
Jun 30, 2024 6.33 Mn
Mar 31, 2024 5.79 Mn
Dec 31, 2023 1.48 Mn
Sep 30, 2023 683,551.00
Jun 30, 2023 694,546.00
Mar 31, 2023 872,897.00
Dec 31, 2022 458,073.00
Sep 30, 2022 445,778.00
Jun 30, 2022 383,532.00
Mar 31, 2022 489,504.00