Fold Holdings Inc. (NASDAQ: FLD) ended fiscal year 2025 with strong growth momentum, achieving revenue of $31.8 million, up 34% year-over-year; transaction volume reached $960 million, up 46% year-over-year. The company ended the year with over 84,000 verified accounts, up 20% year-over-year, including approximately 13,000 net new accounts. Despite ongoing investments resulting in operating losses of $27.7 million and adjusted EBITDA losses of $17.2 million, the year still demonstrated continued expansion of platform scale and improved profitability. In Q4 2025, revenue grew 8% year-over-year to $9.1 million, but transaction volume declined 3% to $215 million, and net new account growth slowed to approximately 2,000 accounts, primarily attributable to weakness in the Bitcoin market.