secwatch.observer — SEC 8-K summary
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Issuer:     BITGO HOLDINGS, INC. (BTGO)
CIK:        0001740604
Form:       8-K
Filed at:   2026-05-13T20:16:39+00:00
Accession:  0001740604-26-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740604/000174060426000028/0001740604-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740604/000174060426000028/btgo-20260513.htm
  HTML page:      https://secwatch.observer/filing/0001740604-26-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer