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- Fold Holdings
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

Employees
28
Website
Financials (LTM)
EV
$148M
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
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $36M | XXX | $32M | XXX | XXX | XXX |
| Gross Profit | $2M | XXX | ($16M) | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | (49%) | XXX | XXX | XXX |
| EBITDA | ($18M) | XXX | ($17M) | XXX | XXX | XXX |
| EBITDA Margin | (50%) | XXX | (54%) | XXX | XXX | XXX |
| EBIT Margin | (74%) | XXX | (87%) | XXX | XXX | XXX |
| Net Profit | ($58M) | XXX | ($70M) | XXX | XXX | XXX |
| Net Margin | (160%) | XXX | (219%) | XXX | XXX | XXX |
| Net Debt | — | — | $71M | XXX | XXX | XXX |
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.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $148M | $72M | 0.0% | XXX | XXX | XXX | $-1.44 |
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Start Free TrialFold Holdings Valuation Multiples
Fold Holdings trades at 4.1x EV/Revenue multiple, and (8.1x) EV/EBITDA.
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).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $72M | XXX | $72M | XXX | XXX | XXX |
| EV (current) | $148M | XXX | $148M | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | (8.1x) | XXX | (8.6x) | XXX | XXX | XXX |
| EV/EBIT | (5.5x) | XXX | (5.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 60.4x | XXX | (9.5x) | XXX | XXX | XXX |
| P/E | (1.2x) | XXX | (1.0x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (8.7x) | XXX | XXX | XXX |
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.


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).
Fold Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 59% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Margin | (50%) | XXX | (54%) | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 88% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fold Holdings Public Comps
See public comps and valuation multiples for other Crypto & Web3 Platforms comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BTCS | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Depot | XXX | XXX | XXX | XXX | XXX | XXX |
| Metalpha Technology Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BTCS | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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).
Latest Acquisitions by Fold Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFold 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).
Latest Investments by Fold Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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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