BitGo Holdings Reports Q1 Net Loss of $60.7M, Adjusted EBITDA Turns Negative
BTGO sits 67% above its 52-week low of $7.25.
Summary
BitGo Holdings reported Q1 2026 revenue of $3.77 billion, a net loss of $(60.7) million, and negative Adjusted EBITDA of $(1.7) million. While revenue increased 112.6% year-over-year, it declined 38.7% sequentially. The net loss significantly widened from $(25.7) million in Q1 2025, and Adjusted EBITDA turned negative compared to $3.9 million in the prior year quarter. This marks a notable deterioration in profitability metrics, especially given the company's 2025 full-year report which showed a net loss but positive Adjusted EBITDA. The shift to negative Adjusted EBITDA and the widening net loss are material for a company of this size, indicating operational challenges despite growth in client base and assets on platform. Traders will closely watch future quarters for signs of improved profitability and the impact of new offerings like derivatives on the bottom line.
At the time of this announcement, BTGO was trading at $12.13 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $7.25 to $24.50. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.