NYSE$BTGO

BitGo Holdings, Inc · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

BitGo reported Q1 2026 total revenue of $3.77B and a net loss of $60.7M.

For the three months ended March 31, 2026, BitGo reported total revenue of $3.77 billion versus $1.77 billion in Q1 2025, reflecting growth in digital asset custody, staking, and trading-related activities. Net loss was $60.7 million as the company invested in infrastructure post-IPO. The filing details crypto asset safeguarding, regulatory developments, and segment revenue from institutional services.

  • Total revenue $3.77B (+112% YoY) on institutional digital asset activity.
  • Net loss $60.7M vs $25.7M prior-year quarter.
  • Post-IPO capital structure with Class A and B shares.
  • Crypto asset fair value and safeguarding policies central to results.
  • Interest expense related to revenue-based financing facilities.

Headline financials

Total Revenue

$3.77B

No prior period
EPS

-$0.62

No prior period
Capital Expenditures

-$2.31M

No prior period
Free Cash Flow

-$31.8M

No prior period
Net Income

-$60.7M

No prior period
Operating Income

-$19.9M

No prior period
Gross Profit

$3.77B

No prior period
Cash & Equivalents

$187M

No prior period
Total Assets

$5.89B

No prior period

Revenue & EPS history

BitGo Holdings, Inc · Revenue · Quarterly

$3.77B

Q1 2026
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Recently public digital asset infrastructure company; outlook tied to trading volumes, staking demand, and regulatory clarity for custody.

Tailwinds

  • Revenue more than doubled year over year.
  • Leading institutional custody positioning.
  • Diversified crypto service lines.

Headwinds

  • Net loss widened with growth investments.
  • Regulatory and market volatility for digital assets.
  • Complex fair value accounting for crypto balances.

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