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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) and MediWound Ltd. (MDWD). Click either name above to swap in a different company.

Fold Holdings, Inc. is the larger business by last-quarter revenue ($9.1M vs $5.7M, roughly 1.6× MediWound Ltd.). MediWound Ltd. runs the higher net margin — -233.3% vs -379.9%, a 146.6% gap on every dollar of revenue. On growth, MediWound Ltd. posted the faster year-over-year revenue change (12.7% vs 8.2%).

Fold Holdings, Inc. is a U.S.-based fintech firm specializing in crypto-integrated consumer financial products. Its core offerings include a rewards debit card that provides Bitcoin and other cryptocurrency cashback on routine purchases, alongside user-friendly digital wallet tools for secure crypto storage, serving primarily the North American consumer market.

MediWound Ltd. is a biopharmaceutical company specializing in the research, development, production and commercialization of innovative products for burn care, chronic wound treatment and soft tissue repair. It operates mainly across North America, Europe and Asia, serving hospitals, healthcare providers and patients in the wound care segment.

FLD vs MDWD — Head-to-Head

Bigger by revenue
FLD
FLD
1.6× larger
FLD
$9.1M
$5.7M
MDWD
Growing faster (revenue YoY)
MDWD
MDWD
+4.6% gap
MDWD
12.7%
8.2%
FLD
Higher net margin
MDWD
MDWD
146.6% more per $
MDWD
-233.3%
-379.9%
FLD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FLD
FLD
MDWD
MDWD
Revenue
$9.1M
$5.7M
Net Profit
$-34.7M
$-13.3M
Gross Margin
23.5%
Operating Margin
-380.0%
-100.1%
Net Margin
-379.9%
-233.3%
Revenue YoY
8.2%
12.7%
Net Profit YoY
-7232.4%
-111.2%
EPS (diluted)
$-0.02
$-1.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLD
FLD
MDWD
MDWD
Q4 25
$9.1M
Q3 25
$7.4M
Q2 25
$8.2M
$5.7M
Q1 25
$7.1M
Q4 24
$8.4M
Q3 24
$5.2M
Q2 24
$5.1M
$5.1M
Q1 24
$4.9M
Net Profit
FLD
FLD
MDWD
MDWD
Q4 25
$-34.7M
Q3 25
$554.2K
Q2 25
$13.4M
$-13.3M
Q1 25
$-48.9M
Q4 24
$486.4K
Q3 24
$-62.3M
Q2 24
$-2.3M
$-6.3M
Q1 24
$-945.0K
Gross Margin
FLD
FLD
MDWD
MDWD
Q4 25
Q3 25
Q2 25
23.5%
Q1 25
Q4 24
Q3 24
Q2 24
8.8%
Q1 24
Operating Margin
FLD
FLD
MDWD
MDWD
Q4 25
-380.0%
Q3 25
7.5%
Q2 25
-100.1%
Q1 25
-689.6%
Q4 24
-9.1%
Q3 24
-15.3%
Q2 24
-12.2%
-88.6%
Q1 24
-14.7%
Net Margin
FLD
FLD
MDWD
MDWD
Q4 25
-379.9%
Q3 25
7.5%
Q2 25
164.2%
-233.3%
Q1 25
-689.6%
Q4 24
5.8%
Q3 24
-1188.7%
Q2 24
-45.1%
-124.5%
Q1 24
-19.2%
EPS (diluted)
FLD
FLD
MDWD
MDWD
Q4 25
$-0.02
Q3 25
$0.01
Q2 25
$0.28
$-1.23
Q1 25
$-1.92
Q4 24
$0.09
Q3 24
$-10.68
Q2 24
$-0.40
$-0.68
Q1 24
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLD
FLD
MDWD
MDWD
Cash + ST InvestmentsLiquidity on hand
$7.7M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.0M
$20.1M
Total Assets
$153.5M
$67.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLD
FLD
MDWD
MDWD
Q4 25
$7.7M
Q3 25
$6.7M
Q2 25
$6.6M
$1.1M
Q1 25
$11.7M
Q4 24
$18.3M
Q3 24
Q2 24
$3.8M
Q1 24
Stockholders' Equity
FLD
FLD
MDWD
MDWD
Q4 25
$63.0M
Q3 25
$94.7M
Q2 25
$88.5M
$20.1M
Q1 25
$71.9M
Q4 24
$-67.8M
Q3 24
$-7.4M
Q2 24
$-74.0M
$17.9M
Q1 24
$-9.4M
Total Assets
FLD
FLD
MDWD
MDWD
Q4 25
$153.5M
Q3 25
$191.0M
Q2 25
$182.1M
$67.0M
Q1 25
$148.5M
Q4 24
$125.7M
Q3 24
$52.2M
Q2 24
$51.8M
$57.3M
Q1 24
$51.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLD
FLD
MDWD
MDWD
Operating Cash FlowLast quarter
$-16.1M
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLD
FLD
MDWD
MDWD
Q4 25
$-16.1M
Q3 25
$-2.5M
Q2 25
$-4.0M
$-5.8M
Q1 25
$-5.0M
Q4 24
$-3.3M
Q3 24
$-2.2M
Q2 24
$-859.6K
$-3.6M
Q1 24
$-354.2K
Cash Conversion
FLD
FLD
MDWD
MDWD
Q4 25
Q3 25
-4.47×
Q2 25
-0.30×
Q1 25
Q4 24
-6.82×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLD
FLD

Banking And Payment Revenues$8.4M92%
Other$706.0K8%

MDWD
MDWD

Segment breakdown not available.

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