Fold reported $4.2 million in revenue and a $2.6 million net loss for the third quarter of 2026 in a November 10, 2026 announcement. It attributed an approximately 270% increase in custody and trading revenue to Bitcoin gift-card sales and said TikTok Shop had become its largest gift-card and customer-acquisition channel. Those sales do not establish that recipients will become recurring customers.
Fold reported more than 88,500 verified accounts and about 2,500 early-access credit-card holders. Its Reserve product is stored value, not an FDIC-insured deposit account; its balance does not earn interest, and advertised rewards depend on conditions. Fold says Bitcoin purchases and rewards have no FDIC or SIPC protection. Its adjusted EBITDA loss narrowed to $4.5 million from $5.5 million in the preceding quarter, but remained a loss.
