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Fold Holdings Valuation Multiples

Discover revenue and EBITDA valuation multiples for Fold Holdings and similar public comparables like BTCS, Bitcoin Depot, Metalpha Technology Holdings, BTCS and more.

Fold Holdings Overview

About Fold Holdings

Fold Holdings Inc is a bitcoin financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Its financial services platform that allows customers to earn, accumulate, and utilize bitcoin in their everyday life.


Founded

2021

HQ

United States

Employees

28

Financials (LTM)

Revenue: $36M
EBITDA: ($18M)

EV

$148M

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Fold Holdings Financials

Fold Holdings reported last 12-month revenue of $36M and negative EBITDA of ($18M).

In the same LTM period, Fold Holdings generated $2M in gross profit, ($18M) in EBITDA losses, and had net loss of ($58M).

Revenue (LTM)


Fold Holdings P&L

In the most recent fiscal year, Fold Holdings reported revenue of $32M and EBITDA of ($17M).

Fold Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Fold Holdings forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$36MXXX$32MXXXXXXXXX
Gross Profit$2MXXX($16M)XXXXXXXXX
Gross Margin7%XXX(49%)XXXXXXXXX
EBITDA($18M)XXX($17M)XXXXXXXXX
EBITDA Margin(50%)XXX(54%)XXXXXXXXX
EBIT Margin(74%)XXX(87%)XXXXXXXXX
Net Profit($58M)XXX($70M)XXXXXXXXX
Net Margin(160%)XXX(219%)XXXXXXXXX
Net Debt——$71MXXXXXXXXX

Financial data powered by Morningstar, Inc.

Fold Holdings Stock Performance

Fold Holdings has current market cap of $72M, and enterprise value of $148M.

Market Cap Evolution


Fold Holdings' stock price is $1.49.

See Fold Holdings trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$148M$72M0.0%XXXXXXXXX$-1.44

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Fold Holdings Valuation Multiples

Fold Holdings trades at 4.1x EV/Revenue multiple, and (8.1x) EV/EBITDA.

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EV / Revenue (LTM)


Fold Holdings Financial Valuation Multiples

As of April 8, 2026, Fold Holdings has market cap of $72M and EV of $148M.

Equity research analysts estimate Fold Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Fold Holdings has a P/E ratio of (1.2x).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$72MXXX$72MXXXXXXXXX
EV (current)$148MXXX$148MXXXXXXXXX
EV/Revenue4.1xXXX4.6xXXXXXXXXX
EV/EBITDA(8.1x)XXX(8.6x)XXXXXXXXX
EV/EBIT(5.5x)XXX(5.3x)XXXXXXXXX
EV/Gross Profit60.4xXXX(9.5x)XXXXXXXXX
P/E(1.2x)XXX(1.0x)XXXXXXXXX
EV/FCF—XXX(8.7x)XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Fold Holdings Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Fold Holdings Margins & Growth Rates

Fold Holdings' revenue in the last 12 month grew by 59%.

Fold Holdings' revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.4M for the same period.

Fold Holdings' rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Fold Holdings' rule of X is 88% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Fold Holdings and other 15K+ public comps

Fold Holdings Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth59%XXX53%XXXXXXXXX
EBITDA Margin(50%)XXX(54%)XXXXXXXXX
EBITDA Growth2%XXX21%XXXXXXXXX
Rule of 40—XXX10%XXXXXXXXX
Bessemer Rule of X—XXX88%XXXXXXXXX
Revenue per Employee—XXX$1.1MXXXXXXXXX
Opex per Employee—XXX$0.4MXXXXXXXXX
S&M Expenses to Revenue6%XXX21%XXXXXXXXX
G&A Expenses to Revenue—XXX17%XXXXXXXXX
Opex to Revenue—XXX38%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Fold Holdings Public Comps

See public comps and valuation multiples for other Crypto & Web3 Platforms comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
BTCSXXXXXXXXXXXXXXXXXX
Bitcoin DepotXXXXXXXXXXXXXXXXXX
Metalpha Technology HoldingsXXXXXXXXXXXXXXXXXX
BTCSXXXXXXXXXXXXXXXXXX
More ImpactXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Fold Holdings M&A Activity

Fold Holdings acquired XXX companies to date.

Last acquisition by Fold Holdings was on XXXXXXXX, XXXXX. Fold Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Fold Holdings

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Fold Holdings Investment Activity

Fold Holdings invested in XXX companies to date.

Fold Holdings made its latest investment on XXXXXXXX, XXXXX. Fold Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Fold Holdings

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Fold Holdings

When was Fold Holdings founded?Fold Holdings was founded in 2021.
Where is Fold Holdings headquartered?Fold Holdings is headquartered in United States.
How many employees does Fold Holdings have?As of today, Fold Holdings has over 28 employees.
Who is the CEO of Fold Holdings?Fold Holdings' CEO is Will Reeves.
Is Fold Holdings publicly listed?Yes, Fold Holdings is a public company listed on Nasdaq.
What is the stock symbol of Fold Holdings?Fold Holdings trades under FLD ticker.
When did Fold Holdings go public?Fold Holdings went public in 2025.
Who are competitors of Fold Holdings?Fold Holdings main competitors are BTCS, Bitcoin Depot, Metalpha Technology Holdings, BTCS.
What is the current market cap of Fold Holdings?Fold Holdings' current market cap is $72M.
What is the current revenue of Fold Holdings?Fold Holdings' last 12 months revenue is $36M.
What is the current revenue growth of Fold Holdings?Fold Holdings revenue growth (NTM/LTM) is 59%.
What is the current EV/Revenue multiple of Fold Holdings?Current revenue multiple of Fold Holdings is 4.1x.
Is Fold Holdings profitable?No, Fold Holdings is not profitable.
What is the current EBITDA of Fold Holdings?Fold Holdings has negative EBITDA and is not profitable.
What is Fold Holdings' EBITDA margin?Fold Holdings' last 12 months EBITDA margin is (50%).
What is the current EV/EBITDA multiple of Fold Holdings?Current EBITDA multiple of Fold Holdings is (8.1x).

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