The company's financial position is increasingly vulnerable, with a current ratio of 0.48 and accumulated deficits ballooning to $200.1M by 2026Q1.
| Total Current Assets | 19.98M | 18.12M | 926.45K | 306.06K | 11.77M | 1.64M |
| Cash & Short-Term Investments | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 7.45M | 9.26M | 0 | 83.5K | 1.41M | 0 |
| Total Non-Current Assets | 58.35M | 135.35M | 51.29M | 165.65M | 648.79K | 223.53M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 471.53K | 0 |
| Long-Term Investments | 159.86M | 0 | 0 | 0 | 177.26K | 0 |
| Other Non-Current Assets | - | - | - | - | - | - |
| Total Assets | 78.33M | 153.47M | 52.22M | 165.96M | 12.42M | 225.17M |
| Asset Turnover | 0.20x | 0.21x | - | - | 2.33x | - |
| Asset Growth % | 458.42% | 193.91% | -68.54% | 1236.56% | -94.49% | - |
| Total Current Liabilities | 41.98M | 21.11M | 9.29M | 3.39M | 4.31M | 93.58K |
| Accounts Payable | 1.65M | 704.79K | 533.2K | 0 | 302.14K | 77.13K |
| Days Payables Outstanding | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 5.74M | 2.02M | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - |
| Other Current Liabilities | 40.02M | 20.04M | -1.19M | 0 | 3.27M | 0 |
| Current Ratio | 0.48x | 0.86x | 0.10x | 0.09x | 2.73x | 17.52x |
| Quick Ratio | 0.48x | 0.86x | 0.10x | 0.09x | 2.73x | 17.52x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 69.37M | 51.25M | 166.88M | 9.38M | 8.86M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - |
| Total Liabilities | 41.98M | 90.48M | 60.54M | 170.27M | 13.68M | 8.95M |
| Total Debt | 0 | 0 | 5.74M | 2.02M | 0 | 0 |
| Net Debt | -11.53M | -7.65M | 4.84M | 2M | -5.35M | -1.23M |
| Debt / Equity | 0.00x | - | - | - | - | - |
| Debt / EBITDA | -0.00x | - | - | - | - | - |
| Net Debt / EBITDA | 0.45x | - | - | - | - | - |
| Interest Coverage | -11.15x | -11.19x | -6.72x | - | - | - |
| Total Equity | 36.35M | 62.99M | -8.32M | -4.31M | -1.27M | 216.22M |
| Equity Growth % | 1892.16% | 856.83% | -93.03% | -240.02% | -100.59% | - |
| Book Value per Share | 0.73 | 1.49 | -0.56 | -0.13 | -0.03 | 36.06 |
| Total Shareholders' Equity | 36.35M | 62.99M | -8.32M | -4.31M | -1.27M | 216.22M |
| Common Stock | 5.08K | 4.85K | 959 | 959 | 707 | 222.2M |
| Retained Earnings | -200.11M | -170.94M | -14.33M | -11.3M | -29.09M | -5.98M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and solvency pressure
As reported in financial statements, Fold Holdings Inc's total assets have contracted from a peak of $191.0M in 2025Q3 to $78.3M by 2026Q1, reflecting a rapid depletion of the capital base as the company struggles to achieve operational scale while sustaining significant net losses.
The consistent decline in total assets suggests that the company is consuming its capital reserves to fund ongoing operations rather than reinvesting in productive capacity. This trajectory warrants close monitoring, as the shrinking asset base limits the company's flexibility to navigate future market volatility.
According to recent SEC filings, the company's current ratio has deteriorated to 0.48 as of 2026Q1, indicating that current liabilities significantly outweigh liquid assets and leaving the firm with a precarious buffer against sudden shocks in its transactional business model.
A current ratio below 1.0 suggests that the company may face difficulty meeting its short-term obligations without continuous external capital injections. This liquidity profile appears highly sensitive to the timing of cash inflows from its transactional segments, which remain inherently unpredictable.
Based on the reported figures, the company's equity position has been severely impacted by accumulated deficits, which reached $200.1M in 2026Q1, signaling that historical losses have effectively consumed the majority of the capital previously provided by investors and stakeholders.
The persistent negative retained earnings highlight a structural inability to generate internal capital, forcing a reliance on external financing to maintain operations. Investors should consider whether the current equity structure can support the company's long-term ambitions without further dilutive events.
As evidenced by the provided balance sheet data, the absence of significant PPE or tangible assets suggests that the company's value is almost entirely tied to intangible factors, which may be subject to rapid impairment if the core rewards-based engagement model fails to gain traction.
The lack of hard assets implies that the company's book value is highly sensitive to the valuation of its intangible assets and potential goodwill. This composition makes the balance sheet particularly vulnerable to shifts in market sentiment regarding the long-term viability of its proprietary rewards engine.
Quick answers to the most common questions about buying FLD stock.
As of 2025, Fold Holdings Inc (FLD) had total assets of $153.5M including $18.1M in current assets.
Fold Holdings Inc (FLD) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Fold Holdings Inc (FLD) has total shareholders' equity (book value) of $63.0M ($1.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Fold Holdings Inc (FLD) reported a current ratio of 0.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.