---
schema_version: "secwatch.filing_event.v1"
accession: "0001740604-26-000028"
form_type: "8-K"
ticker: "BTGO"
cik: "0001740604"
company_name: "BITGO HOLDINGS, INC."
filed_at: "2026-05-13T20:16:39+00:00"
generated_at: "2026-05-13T21:53:40.637131+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001740604-26-000028
- form_type: 8-K
- ticker: BTGO
- cik: 0001740604
- company_name: BITGO HOLDINGS, INC.
- filed_at: 2026-05-13T20:16:39+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740604/000174060426000028/0001740604-26-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740604/000174060426000028/btgo-20260513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740604-26-000028
- JSON: https://secwatch.observer/filing/0001740604-26-000028.json
- Plain text: https://secwatch.observer/filing/0001740604-26-000028.txt

## Key facts
- Earnings Releases
  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: $(0.62)
  - Result: reported results
  source text: key financial and operating metrics for Q1 2026. Financial Metrics ($ 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1740604/000174060426000028/0001740604-26-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.