BitGo reported a loss in the fourth quarter due to a decline in Bitcoin assets, but revenue increased by 440% year over year.

LootboxPhobia · 2026-03-26T20:56:07+00:00

BitGo Holdings announces Q4 earnings, with a loss of $1.03 billion, affected by the decline in digital asset prices, despite a significant increase in revenue to $6.2 billion. The total annual revenue was $16.2 billion, with a net loss of $14.8 million, and the number of clients more than doubled.

LootboxPhobia

2026-03-26 20:56:07

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New York - BitGo Holdings, Inc. (NYSE:BTGO) announced a loss for the fourth quarter, as falling digital asset prices impacted the company’s Bitcoin holdings, despite significant revenue growth. For the quarter ending December 31, 2025, the company reported a loss of $1.03 per share, compared to earnings of $1.24 per share in the same period last year. The stock price fell 0.5% after the earnings release.

Total revenue reached $6.2 billion, a 440% year-over-year increase from $1.1 billion, mainly driven by increased digital asset trading activity, higher subscription and service revenue, and growth in stablecoin-as-a-service business. The company’s net loss was $50 million, compared to a net profit of $129.4 million in Q4 2024, primarily due to the decline in digital asset prices affecting Bitcoin holdings.

Adjusted EBITDA grew 188% year-over-year, from $4.2 million to $12.1 million, demonstrating operational leverage in the company’s business model. Revenue from digital asset sales surged 531% to $6 billion, though profit margins compressed from 0.34% last year to 0.24%. Staking revenue declined 64% to $58.3 million, while subscription and service revenue increased 75% to $39.3 million.

BitGo CEO Mike Belshe stated, “In January this year, BitGo became the first federally chartered digital asset infrastructure company to go public. This milestone, combined with our strong fourth-quarter and full-year 2025 performance and ongoing market share expansion, enhances our value proposition while supporting investments in our strategy.”

For the full year 2025, BitGo’s total revenue was $16.2 billion, a 424% increase year-over-year, with a net loss of $14.8 million, compared to net income of $156.6 million in 2024. The company’s client base more than doubled year-over-year, from 2,615 to 5,322.

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