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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.
SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $9.1M, roughly 1.4× Fold Holdings, Inc.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -379.9%, a 381.2% gap on every dollar of revenue. On growth, Fold Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -0.7%). Over the past eight quarters, Fold Holdings, Inc.'s revenue compounded faster (36.1% CAGR vs 12.5%).
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.
FLD vs SLSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $12.5M |
| Net Profit | $-34.7M | $163.0K |
| Gross Margin | — | 27.5% |
| Operating Margin | -380.0% | 1.5% |
| Net Margin | -379.9% | 1.3% |
| Revenue YoY | 8.2% | -0.7% |
| Net Profit YoY | -7232.4% | 129.2% |
| EPS (diluted) | $-0.02 | $0.00 |
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 | $12.5M | ||
| Q3 25 | $7.4M | $14.6M | ||
| Q2 25 | $8.2M | $20.4M | ||
| Q1 25 | $7.1M | $14.6M | ||
| Q4 24 | $8.4M | $12.6M | ||
| Q3 24 | $5.2M | $16.9M | ||
| Q2 24 | $5.1M | $13.0M | ||
| Q1 24 | $4.9M | $9.9M |
| Q4 25 | $-34.7M | $163.0K | ||
| Q3 25 | $554.2K | $-1.1M | ||
| Q2 25 | $13.4M | $2.7M | ||
| Q1 25 | $-48.9M | $80.0K | ||
| Q4 24 | $486.4K | $-559.0K | ||
| Q3 24 | $-62.3M | $3.0M | ||
| Q2 24 | $-2.3M | $856.0K | ||
| Q1 24 | $-945.0K | $893.0K |
| Q4 25 | — | 27.5% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 36.2% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 36.3% |
| Q4 25 | -380.0% | 1.5% | ||
| Q3 25 | 7.5% | -5.4% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | -689.6% | 1.8% | ||
| Q4 24 | -9.1% | -1.8% | ||
| Q3 24 | -15.3% | 19.0% | ||
| Q2 24 | -12.2% | 8.0% | ||
| Q1 24 | -14.7% | 11.3% |
| Q4 25 | -379.9% | 1.3% | ||
| Q3 25 | 7.5% | -7.7% | ||
| Q2 25 | 164.2% | 13.1% | ||
| Q1 25 | -689.6% | 0.5% | ||
| Q4 24 | 5.8% | -4.4% | ||
| Q3 24 | -1188.7% | 18.1% | ||
| Q2 24 | -45.1% | 6.6% | ||
| Q1 24 | -19.2% | 9.0% |
| Q4 25 | $-0.02 | $0.00 | ||
| Q3 25 | $0.01 | $-0.02 | ||
| Q2 25 | $0.28 | $0.04 | ||
| Q1 25 | $-1.92 | $0.00 | ||
| Q4 24 | $0.09 | $0.00 | ||
| Q3 24 | $-10.68 | $0.04 | ||
| Q2 24 | $-0.40 | $0.01 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.7M | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $63.0M | $17.6M |
| Total Assets | $153.5M | $50.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $1.3M | ||
| Q3 25 | $6.7M | $429.0K | ||
| Q2 25 | $6.6M | $4.1M | ||
| Q1 25 | $11.7M | $1.8M | ||
| Q4 24 | $18.3M | $1.4M | ||
| Q3 24 | — | $2.9M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | $63.0M | $17.6M | ||
| Q3 25 | $94.7M | $17.2M | ||
| Q2 25 | $88.5M | $18.2M | ||
| Q1 25 | $71.9M | $15.2M | ||
| Q4 24 | $-67.8M | $14.9M | ||
| Q3 24 | $-7.4M | $15.2M | ||
| Q2 24 | $-74.0M | $11.9M | ||
| Q1 24 | $-9.4M | $5.0M |
| Q4 25 | $153.5M | $50.1M | ||
| Q3 25 | $191.0M | $54.0M | ||
| Q2 25 | $182.1M | $60.0M | ||
| Q1 25 | $148.5M | $57.0M | ||
| Q4 24 | $125.7M | $50.0M | ||
| Q3 24 | $52.2M | $48.0M | ||
| Q2 24 | $51.8M | $40.8M | ||
| Q1 24 | $51.5M | $38.5M |
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 | $1.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 11.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | $1.8M | ||
| Q3 25 | $-2.5M | $-2.5M | ||
| Q2 25 | $-4.0M | $-654.0K | ||
| Q1 25 | $-5.0M | $-7.2M | ||
| Q4 24 | $-3.3M | $2.2M | ||
| Q3 24 | $-2.2M | $4.2M | ||
| Q2 24 | $-859.6K | $-565.0K | ||
| Q1 24 | $-354.2K | $-3.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-404.0K | ||
| Q3 24 | — | $2.8M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | -8.0% | ||
| Q1 24 | — | -39.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 11.16× | ||
| Q3 25 | -4.47× | — | ||
| Q2 25 | -0.30× | -0.25× | ||
| Q1 25 | — | -90.26× | ||
| Q4 24 | -6.82× | — | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | -0.66× | ||
| Q1 24 | — | -4.32× |
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% |
SLSN
Segment breakdown not available.
