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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) and Silence Therapeutics plc (SLN). Click either name above to swap in a different company.

Silence Therapeutics plc is the larger business by last-quarter revenue ($15.7M vs $9.1M, roughly 1.7× Fold Holdings, Inc.). Silence Therapeutics plc runs the higher net margin — -14.7% vs -379.9%, a 365.2% gap on every dollar of revenue.

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.

Silence Therapeutics is a London-based pharmaceutical company formed in 1994. The company has pioneered the development of short-interfering ribonucleic acid (siRNA) therapeutics for the treatment of rare diseases. Silence Therapeutics has offices in London, New Jersey, and Berlin, with its corporate headquarters located in Hammersmith, London.

FLD vs SLN — Head-to-Head

Bigger by revenue
SLN
SLN
1.7× larger
SLN
$15.7M
$9.1M
FLD
Higher net margin
SLN
SLN
365.2% more per $
SLN
-14.7%
-379.9%
FLD

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
FLD
FLD
SLN
SLN
Revenue
$9.1M
$15.7M
Net Profit
$-34.7M
$-2.3M
Gross Margin
82.2%
Operating Margin
-380.0%
-35.6%
Net Margin
-379.9%
-14.7%
Revenue YoY
8.2%
Net Profit YoY
-7232.4%
EPS (diluted)
$-0.02
$-0.02

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
SLN
SLN
Q4 25
$9.1M
Q3 25
$7.4M
Q2 25
$8.2M
Q1 25
$7.1M
Q4 24
$8.4M
Q3 24
$5.2M
Q2 24
$5.1M
Q1 24
$4.9M
$15.7M
Net Profit
FLD
FLD
SLN
SLN
Q4 25
$-34.7M
Q3 25
$554.2K
Q2 25
$13.4M
Q1 25
$-48.9M
Q4 24
$486.4K
Q3 24
$-62.3M
Q2 24
$-2.3M
Q1 24
$-945.0K
$-2.3M
Gross Margin
FLD
FLD
SLN
SLN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
82.2%
Operating Margin
FLD
FLD
SLN
SLN
Q4 25
-380.0%
Q3 25
7.5%
Q2 25
Q1 25
-689.6%
Q4 24
-9.1%
Q3 24
-15.3%
Q2 24
-12.2%
Q1 24
-14.7%
-35.6%
Net Margin
FLD
FLD
SLN
SLN
Q4 25
-379.9%
Q3 25
7.5%
Q2 25
164.2%
Q1 25
-689.6%
Q4 24
5.8%
Q3 24
-1188.7%
Q2 24
-45.1%
Q1 24
-19.2%
-14.7%
EPS (diluted)
FLD
FLD
SLN
SLN
Q4 25
$-0.02
Q3 25
$0.01
Q2 25
$0.28
Q1 25
$-1.92
Q4 24
$0.09
Q3 24
$-10.68
Q2 24
$-0.40
Q1 24
$-0.16
$-0.02

Balance Sheet & Financial Strength

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

Metric
FLD
FLD
SLN
SLN
Cash + ST InvestmentsLiquidity on hand
$7.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.0M
$156.8M
Total Assets
$153.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLD
FLD
SLN
SLN
Q4 25
$7.7M
Q3 25
$6.7M
Q2 25
$6.6M
Q1 25
$11.7M
Q4 24
$18.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLD
FLD
SLN
SLN
Q4 25
$63.0M
Q3 25
$94.7M
Q2 25
$88.5M
Q1 25
$71.9M
Q4 24
$-67.8M
Q3 24
$-7.4M
Q2 24
$-74.0M
Q1 24
$-9.4M
$156.8M
Total Assets
FLD
FLD
SLN
SLN
Q4 25
$153.5M
Q3 25
$191.0M
Q2 25
$182.1M
Q1 25
$148.5M
Q4 24
$125.7M
Q3 24
$52.2M
Q2 24
$51.8M
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
SLN
SLN
Operating Cash FlowLast quarter
$-16.1M
$-9.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLD
FLD
SLN
SLN
Q4 25
$-16.1M
Q3 25
$-2.5M
Q2 25
$-4.0M
Q1 25
$-5.0M
Q4 24
$-3.3M
Q3 24
$-2.2M
Q2 24
$-859.6K
Q1 24
$-354.2K
$-9.1M
Capex Intensity
FLD
FLD
SLN
SLN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Cash Conversion
FLD
FLD
SLN
SLN
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%

SLN
SLN

Segment breakdown not available.

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