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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) and cbdMD, Inc. (YCBD). Click either name above to swap in a different company.
Fold Holdings, Inc. is the larger business by last-quarter revenue ($9.1M vs $5.0M, roughly 1.8× cbdMD, Inc.). cbdMD, Inc. runs the higher net margin — -5.6% vs -379.9%, a 374.3% gap on every dollar of revenue. On growth, Fold Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -1.9%). Over the past eight quarters, Fold Holdings, Inc.'s revenue compounded faster (36.1% CAGR vs 7.1%).
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.
cbdMD, Inc. is a U.S.-based consumer wellness company that manufactures and distributes hemp-derived CBD products, including tinctures, topicals, gummies, pet care items, and bath products. All offerings undergo third-party quality testing, and are sold via e-commerce platforms, brick-and-mortar retail stores, and wellness partner channels primarily across the United States.
FLD vs YCBD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $5.0M |
| Net Profit | $-34.7M | $-283.1K |
| Gross Margin | — | 59.8% |
| Operating Margin | -380.0% | -5.7% |
| Net Margin | -379.9% | -5.6% |
| Revenue YoY | 8.2% | -1.9% |
| Net Profit YoY | -7232.4% | -1975.7% |
| EPS (diluted) | $-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.
| Q4 25 | $9.1M | $5.0M | ||
| Q3 25 | $7.4M | $4.7M | ||
| Q2 25 | $8.2M | $4.6M | ||
| Q1 25 | $7.1M | $4.7M | ||
| Q4 24 | $8.4M | $5.1M | ||
| Q3 24 | $5.2M | $4.6M | ||
| Q2 24 | $5.1M | $5.2M | ||
| Q1 24 | $4.9M | $4.4M |
| Q4 25 | $-34.7M | $-283.1K | ||
| Q3 25 | $554.2K | $-680.0K | ||
| Q2 25 | $13.4M | $-895.3K | ||
| Q1 25 | $-48.9M | $-480.8K | ||
| Q4 24 | $486.4K | $15.1K | ||
| Q3 24 | $-62.3M | $-152.8K | ||
| Q2 24 | $-2.3M | $459.7K | ||
| Q1 24 | $-945.0K | $-3.0M |
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 58.8% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 62.3% | ||
| Q4 24 | — | 66.5% | ||
| Q3 24 | — | 53.9% | ||
| Q2 24 | — | 65.8% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | -380.0% | -5.7% | ||
| Q3 25 | 7.5% | -14.5% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | -689.6% | -10.2% | ||
| Q4 24 | -9.1% | -1.7% | ||
| Q3 24 | -15.3% | -6.9% | ||
| Q2 24 | -12.2% | -7.4% | ||
| Q1 24 | -14.7% | -35.4% |
| Q4 25 | -379.9% | -5.6% | ||
| Q3 25 | 7.5% | -14.4% | ||
| Q2 25 | 164.2% | -19.4% | ||
| Q1 25 | -689.6% | -10.1% | ||
| Q4 24 | 5.8% | 0.3% | ||
| Q3 24 | -1188.7% | -3.4% | ||
| Q2 24 | -45.1% | 8.9% | ||
| Q1 24 | -19.2% | -68.8% |
| 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 | $-0.15 | ||
| Q1 24 | $-0.16 | $-1.35 |
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 | $3.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $63.0M | $9.0M |
| Total Assets | $153.5M | $11.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $3.4M | ||
| Q3 25 | $6.7M | $2.3M | ||
| Q2 25 | $6.6M | $1.1M | ||
| Q1 25 | $11.7M | $1.8M | ||
| Q4 24 | $18.3M | $2.0M | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $2.1M |
| Q4 25 | $63.0M | $9.0M | ||
| Q3 25 | $94.7M | $7.2M | ||
| Q2 25 | $88.5M | $6.1M | ||
| Q1 25 | $71.9M | $665.8K | ||
| Q4 24 | $-67.8M | $1.8M | ||
| Q3 24 | $-7.4M | $2.0M | ||
| Q2 24 | $-74.0M | $3.0M | ||
| Q1 24 | $-9.4M | $3.1M |
| Q4 25 | $153.5M | $11.8M | ||
| Q3 25 | $191.0M | $10.4M | ||
| Q2 25 | $182.1M | $9.9M | ||
| Q1 25 | $148.5M | $10.9M | ||
| Q4 24 | $125.7M | $11.5M | ||
| Q3 24 | $52.2M | $10.6M | ||
| Q2 24 | $51.8M | $13.8M | ||
| Q1 24 | $51.5M | $14.6M |
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 | $-812.5K |
| Free Cash FlowOCF − Capex | — | $-977.3K |
| FCF MarginFCF / Revenue | — | -19.5% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | $-812.5K | ||
| Q3 25 | $-2.5M | $-240.7K | ||
| Q2 25 | $-4.0M | $-704.2K | ||
| Q1 25 | $-5.0M | $-189.5K | ||
| Q4 24 | $-3.3M | $-317.9K | ||
| Q3 24 | $-2.2M | $167.4K | ||
| Q2 24 | $-859.6K | $289.8K | ||
| Q1 24 | $-354.2K | $-704.1K |
| Q4 25 | — | $-977.3K | ||
| Q3 25 | — | $-243.6K | ||
| Q2 25 | — | $-705.7K | ||
| Q1 25 | — | $-205.0K | ||
| Q4 24 | — | $-482.3K | ||
| Q3 24 | — | $157.4K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-708.7K |
| Q4 25 | — | -19.5% | ||
| Q3 25 | — | -5.2% | ||
| Q2 25 | — | -15.3% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | — | -9.4% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -16.2% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -4.47× | — | ||
| Q2 25 | -0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.82× | -21.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.63× | ||
| 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% |
YCBD
| Sales Channel Directly To Consumer | $3.6M | 72% |
| Sales Channel Through Intermediary | $1.4M | 28% |
