AI · The Block
BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss
Compiled by KHAO Editorial — aggregated from 1 source + 3 references discovered via search. See llms.txt for citation guidance.
✓ KHAO Verified
BitGo Holdings Inc. reported strong revenue growth in the second quarter of 2026, driven by business expansion, despite posting a net loss from digital asset devaluation.
Key facts
- Adjusted EBITDA was a loss of $4.2 million, versus a gain of $3 million in the second quarter of 2025
- According to its Wednesday disclosure, the digital asset infrastructure firm saw quarterly revenue of $4.33 billion, up 79.6% from $2.41 billion a year earlier and 14.7% from the previous quarter
- Despite the expansion, BitGo recorded a net loss of $19 million, or $0.16 per share, in Q2, compared with net income of $38.3 million in the same period last year
- The year-over-year change primarily reflected a $18.8 million unrealized loss on digital assets in Q2 2026, compared with a $55.8 million unrealized gain in the prior-year period," the company
Summary
According to its Wednesday disclosure, the digital asset infrastructure firm saw quarterly revenue of $4.33 billion, up 79.6% from $2.41 billion a year earlier and 14.7% from the previous quarter. The revenue growth was mainly driven by higher digital asset sales and growth in its stablecoin-as-a-service business, the company said. "We have the financial flexibility to invest behind our highest-priority opportunities while maintaining discipline around costs and capital allocation," said BitGo Chief Financial Officer Ed Reginelli, who is set to step down from his role effective Sept. 15. BitGo said its business growth was reflected in a 26% growth in the number of clients and a 31% rise in normalized assets on its platform to $65.2 billion.