business
BitGo Reports Revenue Growth but Remains Unprofitable in Q2 2026
In the second quarter of 2026, BitGo posted revenue of $4.33 billion, up 80%, but recorded a net loss of $19 million. The company continues to grow its assets and client base, though profitability has not yet been achieved.
AS1 News
BitGo has experienced substantial growth in its revenue and client base during Q2 2026, with revenue reaching $4.33 billion, an 80% increase compared to previous periods. Despite this, the company reported a net loss of $19 million, primarily due to unrealized revaluations of digital assets. The firm’s assets under management and number of clients continue to expand, reflecting ongoing business development. In its strategic plans, BitGo announced an upcoming share buyback program worth $50 million. Additionally, the company's outgoing CFO is scheduled to leave the position on September 15, 2026. The financial results highlight the company's rapid growth trajectory amid ongoing challenges in achieving profitability.
The financial report underscores BitGo's growth in revenue and assets, with continued losses due to asset revaluations, indicating a phase of expansion rather than profitability.