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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $9.1M, roughly 1.3× Fold Holdings, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -379.9%, a 399.8% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% 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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
FLD vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $12.2M |
| Net Profit | $-34.7M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | -380.0% | — |
| Net Margin | -379.9% | 19.9% |
| Revenue YoY | 8.2% | 31.5% |
| Net Profit YoY | -7232.4% | 128.2% |
| 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 | $12.2M | ||
| Q3 25 | $7.4M | $66.7M | ||
| Q2 25 | $8.2M | $59.9M | ||
| Q1 25 | $7.1M | $77.1M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $5.2M | $54.9M | ||
| Q2 24 | $5.1M | $53.6M | ||
| Q1 24 | $4.9M | $78.1M |
| Q4 25 | $-34.7M | $2.4M | ||
| Q3 25 | $554.2K | $10.2M | ||
| Q2 25 | $13.4M | $26.5M | ||
| Q1 25 | $-48.9M | $-6.7M | ||
| Q4 24 | $486.4K | — | ||
| Q3 24 | $-62.3M | $-820.0K | ||
| Q2 24 | $-2.3M | $-23.5M | ||
| Q1 24 | $-945.0K | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | -380.0% | — | ||
| Q3 25 | 7.5% | 23.3% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | -689.6% | -8.0% | ||
| Q4 24 | -9.1% | — | ||
| Q3 24 | -15.3% | 3.8% | ||
| Q2 24 | -12.2% | -43.5% | ||
| Q1 24 | -14.7% | -3.0% |
| Q4 25 | -379.9% | 19.9% | ||
| Q3 25 | 7.5% | 15.3% | ||
| Q2 25 | 164.2% | 44.2% | ||
| Q1 25 | -689.6% | -8.7% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | -1188.7% | -1.5% | ||
| Q2 24 | -45.1% | -43.9% | ||
| Q1 24 | -19.2% | -3.7% |
| Q4 25 | $-0.02 | $0.01 | ||
| Q3 25 | $0.01 | $0.08 | ||
| Q2 25 | $0.28 | $0.24 | ||
| Q1 25 | $-1.92 | $-0.06 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $-10.68 | $-0.01 | ||
| Q2 24 | $-0.40 | $-0.21 | ||
| Q1 24 | $-0.16 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | — | $33.7M |
| Stockholders' EquityBook value | $63.0M | $299.9M |
| Total Assets | $153.5M | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $81.2M | ||
| Q3 25 | $6.7M | $82.6M | ||
| Q2 25 | $6.6M | $60.0M | ||
| Q1 25 | $11.7M | $15.1M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | — | $28.7M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | — | $33.7M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $39.1M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M |
| Q4 25 | $63.0M | $299.9M | ||
| Q3 25 | $94.7M | $295.4M | ||
| Q2 25 | $88.5M | $284.3M | ||
| Q1 25 | $71.9M | $248.3M | ||
| Q4 24 | $-67.8M | — | ||
| Q3 24 | $-7.4M | $274.4M | ||
| Q2 24 | $-74.0M | $275.2M | ||
| Q1 24 | $-9.4M | $296.2M |
| Q4 25 | $153.5M | $423.1M | ||
| Q3 25 | $191.0M | $418.4M | ||
| Q2 25 | $182.1M | $403.7M | ||
| Q1 25 | $148.5M | $377.1M | ||
| Q4 24 | $125.7M | — | ||
| Q3 24 | $52.2M | $417.8M | ||
| Q2 24 | $51.8M | $425.4M | ||
| Q1 24 | $51.5M | $458.4M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 90.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | — | ||
| Q3 25 | $-2.5M | $24.4M | ||
| Q2 25 | $-4.0M | — | ||
| Q1 25 | $-5.0M | $-6.4M | ||
| Q4 24 | $-3.3M | — | ||
| Q3 24 | $-2.2M | $4.3M | ||
| Q2 24 | $-859.6K | $5.7M | ||
| Q1 24 | $-354.2K | $-50.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-8.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -11.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | — | 90.8% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | -4.47× | 2.39× | ||
| 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% |
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
