Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 263

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 263
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 |   |      170,746 |   |     |   |       26,932 |   |
| Other revenues                     |                |   |      161,000 |   |     |   |      152,625 |   |
| Less: Sales returns and allowances |                |   |      (11,594 | ) |     |   |      (15,422 | ) |
| Revenues, net                      |                | $ |   23,753,148 |   |     | $ |   21,534,032 |   |

The net reduction in revenue related to Revenue Rewards totaled $1.8 million and $3.2 million for the years ended December 31, 2024 and 2023, respectively. Deferred revenue Contract liabilities are classified as deferred revenue in our balance sheets. As of December 31, 2024 and 2023, the contract liability related to our deferred subscription revenues was $0.3 million and $0.4 million, respectively, and the contract liability related to the deferred Visa incentive was $0.6 million and $0.7 million, respectively. The activity in deferred revenue for the years ended December 31, 2024 and 2023 was as follows:

|                                                                                       |     |   |   Year Ended 
 December 31, 
         2024 |   |     |   |   Year Ended 
 December 31, 
         2023 |   |
|:--------------------------------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Beginning of the period contract liability                                            |     | $ |    1,012,010 |   |     | $ |    1,313,666 |   |
| Revenue recognized from the contract liabilities included in the beginning balance    |     |   |     (442,045 | ) |     |   |     (661,426 | ) |
| Increases due to cash received net of amounts recognized in revenue during the period |     |   |      305,501 |   |     |   |      359,770 |   |
| End of period contract liability                                                      |     | $ |      875,466 |   |     | $ |    1,012,010 |   |

Contract costs For the years ended December 31, 2024 and 2023, we did not incur any incremental costs to obtain and/or fulfill contracts