BitGo Revenue Jumps 80% to $4.3 Billion in Q2 Despite Posting Net Loss

BitGo Holdings reported strong revenue growth for the second quarter of 2026, even as the digital asset infrastructure firm recorded a net loss tied to falling crypto valuations.

Revenue Growth Driven by Digital Assets and Stablecoins

The company posted quarterly revenue of 4.33 billion dollars, up 79.6 percent from 2.41 billion dollars a year earlier and 14.7 percent from the previous quarter. This growth was largely fueled by higher digital asset sales and expansion of its stablecoin-as-a-service business. BitGo also reported 159 million dollars in cash holdings, 147.7 million dollars in bitcoin, and a newly authorized 50 million dollar share repurchase program.

Client Base and Assets Expand

The firm saw a 26 percent increase in its client base and a 31 percent rise in normalized platform assets, reaching 65.2 billion dollars. BitGo Chief Financial Officer Ed Reginelli, who is set to step down in September, said the company has the flexibility to invest in priority areas while maintaining cost discipline.

Net Loss Narrows From Previous Quarter

Despite the growth, BitGo posted a net loss of 19 million dollars, or 16 cents per share, compared with net income of 38.3 million dollars a year earlier. The loss stemmed mainly from an 18.8 million dollar unrealized loss on digital assets. Still, the loss narrowed significantly from 60.7 million dollars in the first quarter. The company also cut staff by 15 percent in June and expanded its use of AI across engineering and operations to improve efficiency.