Fold Holdings posts quarterly earnings miss, revenue below forecasts

Fold Holdings Inc. reported adjusted earnings per share of $0.12 for the quarter ended March 31, missing the consensus estimate of $0.16 by $0.04, according to data compiled by Refinitiv. Revenue totaled $45.2 million, falling short of the $48.5 million forecast by analysts.

The company cited softer demand in its core markets and higher operating costs as key factors behind the underperformance. Fold Holdings, which operates in the financial services sector, had previously guided for a revenue range of $46 million to $49 million for the quarter.

Shares of Fold Holdings were down 3.2% in after-hours trading following the release of the results. The stock had closed at $12.45 in regular trading on Tuesday, reflecting a 1.8% decline for the session.

Analysts at Jefferies maintained a Hold rating on the stock, citing concerns over near-term margin pressures despite acknowledging long-term growth potential in the company's digital payment solutions segment. The firm set a price target of $14.00, which remains above the current trading level.

Fold Holdings has not provided updated guidance for the current quarter, though management indicated that it expects sequential improvement in revenue as seasonal trends normalize. The company plans to host an earnings call on May 15 to discuss the results in further detail.