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

Taoping Inc. is the larger business by last-quarter revenue ($17.6M vs $9.1M, roughly 1.9× Fold Holdings, Inc.). Taoping Inc. runs the higher net margin — -26.6% vs -379.9%, a 353.3% gap on every dollar of revenue. On growth, Fold Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -2.6%).

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.

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

FLD vs TAOP — Head-to-Head

Bigger by revenue
TAOP
TAOP
1.9× larger
TAOP
$17.6M
$9.1M
FLD
Growing faster (revenue YoY)
FLD
FLD
+10.8% gap
FLD
8.2%
-2.6%
TAOP
Higher net margin
TAOP
TAOP
353.3% more per $
TAOP
-26.6%
-379.9%
FLD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FLD
FLD
TAOP
TAOP
Revenue
$9.1M
$17.6M
Net Profit
$-34.7M
$-4.7M
Gross Margin
10.1%
Operating Margin
-380.0%
-23.8%
Net Margin
-379.9%
-26.6%
Revenue YoY
8.2%
-2.6%
Net Profit YoY
-7232.4%
-894.8%
EPS (diluted)
$-0.02
$-6.54

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
TAOP
TAOP
Q4 25
$9.1M
Q3 25
$7.4M
Q2 25
$8.2M
$17.6M
Q1 25
$7.1M
Q4 24
$8.4M
$18.6M
Q3 24
$5.2M
Q2 24
$5.1M
$18.1M
Q1 24
$4.9M
Net Profit
FLD
FLD
TAOP
TAOP
Q4 25
$-34.7M
Q3 25
$554.2K
Q2 25
$13.4M
$-4.7M
Q1 25
$-48.9M
Q4 24
$486.4K
$-2.4M
Q3 24
$-62.3M
Q2 24
$-2.3M
$588.7K
Q1 24
$-945.0K
Gross Margin
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
10.1%
Q1 25
Q4 24
19.5%
Q3 24
Q2 24
22.9%
Q1 24
Operating Margin
FLD
FLD
TAOP
TAOP
Q4 25
-380.0%
Q3 25
7.5%
Q2 25
-23.8%
Q1 25
-689.6%
Q4 24
-9.1%
-8.0%
Q3 24
-15.3%
Q2 24
-12.2%
-0.7%
Q1 24
-14.7%
Net Margin
FLD
FLD
TAOP
TAOP
Q4 25
-379.9%
Q3 25
7.5%
Q2 25
164.2%
-26.6%
Q1 25
-689.6%
Q4 24
5.8%
-13.0%
Q3 24
-1188.7%
Q2 24
-45.1%
3.3%
Q1 24
-19.2%
EPS (diluted)
FLD
FLD
TAOP
TAOP
Q4 25
$-0.02
Q3 25
$0.01
Q2 25
$0.28
$-6.54
Q1 25
$-1.92
Q4 24
$0.09
$-3.58
Q3 24
$-10.68
Q2 24
$-0.40
$3.29
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
TAOP
TAOP
Cash + ST InvestmentsLiquidity on hand
$7.7M
$2.2M
Total DebtLower is stronger
$5.8M
Stockholders' EquityBook value
$63.0M
$14.5M
Total Assets
$153.5M
$30.3M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLD
FLD
TAOP
TAOP
Q4 25
$7.7M
Q3 25
$6.7M
Q2 25
$6.6M
$2.2M
Q1 25
$11.7M
Q4 24
$18.3M
$1.6M
Q3 24
Q2 24
$480.3K
Q1 24
Total Debt
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
$5.8M
Q1 25
Q4 24
$5.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLD
FLD
TAOP
TAOP
Q4 25
$63.0M
Q3 25
$94.7M
Q2 25
$88.5M
$14.5M
Q1 25
$71.9M
Q4 24
$-67.8M
$15.9M
Q3 24
$-7.4M
Q2 24
$-74.0M
$15.8M
Q1 24
$-9.4M
Total Assets
FLD
FLD
TAOP
TAOP
Q4 25
$153.5M
Q3 25
$191.0M
Q2 25
$182.1M
$30.3M
Q1 25
$148.5M
Q4 24
$125.7M
$35.1M
Q3 24
$52.2M
Q2 24
$51.8M
$34.1M
Q1 24
$51.5M
Debt / Equity
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
0.40×
Q1 25
Q4 24
0.37×
Q3 24
Q2 24
Q1 24

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
TAOP
TAOP
Operating Cash FlowLast quarter
$-16.1M
$-1.5M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-16.0%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLD
FLD
TAOP
TAOP
Q4 25
$-16.1M
Q3 25
$-2.5M
Q2 25
$-4.0M
$-1.5M
Q1 25
$-5.0M
Q4 24
$-3.3M
$147.4K
Q3 24
$-2.2M
Q2 24
$-859.6K
$-2.5M
Q1 24
$-354.2K
Free Cash Flow
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
$-2.8M
Q1 25
Q4 24
$-129.3K
Q3 24
Q2 24
$-3.3M
Q1 24
FCF Margin
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
-16.0%
Q1 25
Q4 24
-0.7%
Q3 24
Q2 24
-18.3%
Q1 24
Capex Intensity
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
Q2 25
7.6%
Q1 25
Q4 24
1.5%
Q3 24
Q2 24
4.3%
Q1 24
Cash Conversion
FLD
FLD
TAOP
TAOP
Q4 25
Q3 25
-4.47×
Q2 25
-0.30×
Q1 25
Q4 24
-6.82×
Q3 24
Q2 24
-4.30×
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%

TAOP
TAOP

Segment breakdown not available.

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