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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.
Outdoor Holding Co is the larger business by last-quarter revenue ($13.4M vs $9.1M, roughly 1.5× Fold Holdings, Inc.). Outdoor Holding Co runs the higher net margin — 16.7% vs -379.9%, a 396.6% gap on every dollar of revenue. On growth, Fold Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -54.1%).
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.
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
FLD vs POWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $13.4M |
| Net Profit | $-34.7M | $2.2M |
| Gross Margin | — | 87.1% |
| Operating Margin | -380.0% | 14.7% |
| Net Margin | -379.9% | 16.7% |
| Revenue YoY | 8.2% | -54.1% |
| Net Profit YoY | -7232.4% | 108.5% |
| EPS (diluted) | $-0.02 | $0.01 |
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.
| Q4 25 | $9.1M | $13.4M | ||
| Q3 25 | $7.4M | $12.0M | ||
| Q2 25 | $8.2M | $11.9M | ||
| Q1 25 | $7.1M | $12.6M | ||
| Q4 24 | $8.4M | $12.5M | ||
| Q3 24 | $5.2M | $12.0M | ||
| Q2 24 | $5.1M | $12.3M | ||
| Q1 24 | $4.9M | $-50.7M |
| Q4 25 | $-34.7M | $2.2M | ||
| Q3 25 | $554.2K | $1.4M | ||
| Q2 25 | $13.4M | $-6.5M | ||
| Q1 25 | $-48.9M | $-77.5M | ||
| Q4 24 | $486.4K | $-26.1M | ||
| Q3 24 | $-62.3M | $-12.4M | ||
| Q2 24 | $-2.3M | $-14.8M | ||
| Q1 24 | $-945.0K | $-5.2M |
| Q4 25 | — | 87.1% | ||
| Q3 25 | — | 87.1% | ||
| Q2 25 | — | 87.2% | ||
| Q1 25 | — | 87.5% | ||
| Q4 24 | — | 87.4% | ||
| Q3 24 | — | 86.9% | ||
| Q2 24 | — | 85.8% | ||
| Q1 24 | — | — |
| Q4 25 | -380.0% | 14.7% | ||
| Q3 25 | 7.5% | 5.9% | ||
| Q2 25 | — | -50.7% | ||
| Q1 25 | -689.6% | -213.6% | ||
| Q4 24 | -9.1% | -163.8% | ||
| Q3 24 | -15.3% | -50.3% | ||
| Q2 24 | -12.2% | -50.8% | ||
| Q1 24 | -14.7% | — |
| Q4 25 | -379.9% | 16.7% | ||
| Q3 25 | 7.5% | 11.7% | ||
| Q2 25 | 164.2% | -54.5% | ||
| Q1 25 | -689.6% | -614.5% | ||
| Q4 24 | 5.8% | -208.7% | ||
| Q3 24 | -1188.7% | -103.7% | ||
| Q2 24 | -45.1% | -120.2% | ||
| Q1 24 | -19.2% | 10.3% |
| Q4 25 | $-0.02 | $0.01 | ||
| Q3 25 | $0.01 | $0.01 | ||
| Q2 25 | $0.28 | $-0.06 | ||
| Q1 25 | $-1.92 | $-0.67 | ||
| Q4 24 | $0.09 | $-0.23 | ||
| Q3 24 | $-10.68 | $-0.11 | ||
| Q2 24 | $-0.40 | $-0.13 | ||
| Q1 24 | $-0.16 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.7M | $69.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $63.0M | $237.3M |
| Total Assets | $153.5M | $271.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $69.9M | ||
| Q3 25 | $6.7M | $65.7M | ||
| Q2 25 | $6.6M | $63.4M | ||
| Q1 25 | $11.7M | $30.2M | ||
| Q4 24 | $18.3M | $31.9M | ||
| Q3 24 | — | $33.5M | ||
| Q2 24 | — | $50.8M | ||
| Q1 24 | — | $55.6M |
| Q4 25 | $63.0M | $237.3M | ||
| Q3 25 | $94.7M | $235.4M | ||
| Q2 25 | $88.5M | $222.5M | ||
| Q1 25 | $71.9M | $222.0M | ||
| Q4 24 | $-67.8M | $299.6M | ||
| Q3 24 | $-7.4M | $325.6M | ||
| Q2 24 | $-74.0M | $342.5M | ||
| Q1 24 | $-9.4M | $358.0M |
| Q4 25 | $153.5M | $271.7M | ||
| Q3 25 | $191.0M | $270.3M | ||
| Q2 25 | $182.1M | $269.5M | ||
| Q1 25 | $148.5M | $297.3M | ||
| Q4 24 | $125.7M | $355.4M | ||
| Q3 24 | $52.2M | $368.9M | ||
| Q2 24 | $51.8M | $398.6M | ||
| Q1 24 | $51.5M | $403.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.1M | $5.7M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | $5.7M | ||
| Q3 25 | $-2.5M | $3.2M | ||
| Q2 25 | $-4.0M | $-6.7M | ||
| Q1 25 | $-5.0M | $-1.5M | ||
| Q4 24 | $-3.3M | $1.3M | ||
| Q3 24 | $-2.2M | $-9.3M | ||
| Q2 24 | $-859.6K | $-547.5K | ||
| Q1 24 | $-354.2K | $4.3M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $-2.3M | ||
| Q4 24 | — | $720.3K | ||
| Q3 24 | — | $-10.6M | ||
| Q2 24 | — | $-1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | -63.8% | ||
| Q1 25 | — | -18.6% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -88.3% | ||
| Q2 24 | — | -11.0% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 2.55× | ||
| Q3 25 | -4.47× | 2.29× | ||
| 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
| Banking And Payment Revenues | $8.4M | 92% |
| Other | $706.0K | 8% |
POWW
Segment breakdown not available.
