BitGo Q1 2026: Net loss widens to $60.7M; revenue up 113% to $3.77B

BITGO HOLDINGS, INC.

Revenue $3.77B (+112.6% YoY) but down 38.7% sequentially; net loss $60.7M vs $25.7M loss year ago.
Clients grew 42.0% YoY to 5,569; normalized Assets on Platform up 29.4% YoY to $63B (ex-price impact).
Digital asset sales margin improved to 32 bps from 20 bps prior year; staking take rate improved to 16.1%.
Launched derivatives offering in Q1 with ~$3B notional volume; revenue mix shift from spot to derivatives reduced reported revenue.
Adjusted EBITDA loss $1.7M vs $3.9M gain year ago; CFO cites $3M one-time IPO-related costs.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BITGO HOLDINGS, INC. reported first quarter ended March 31, 2026 results: revenue $ 3,773.6, net income $(60.7) million, EPS $(0.62).

Period: first quarter ended March 31, 2026
Revenue: $ 3,773.6
Net income: $(60.7) million
EPS: $(0.62)
Result: reported results

Exact text from the filing

key financial and operating metrics for Q1 2026. Financial Metrics ($ in millions, unless otherwise stated; unaudited) Metric Q1 2026 Q1 2025 YoY Q4 2025 QoQ Total Revenue $ 3,773.6 $ 1,774.7 112.6 % $ 6,156.5 (38.7) % Direct Costs (1) $ 3,724.6 $ 1,729.9 115.3 % $ 6,096.7 (38.9) % Net Loss $ (60.7) $ (25.7) (135.8) % $ (50.0) (21.3) % Adjusted EBITDA $ (1.7)

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BITGO HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001740604-26-000028

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