BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss
Quick TakeBitGo reported $4.33 billion in total revenue in the second quarter of this year, up 79.6% year-over-year.The firm 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. 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. 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. The disclosure also highlighted $159 million of cash holdings, $147.7 million worth of bitcoin, and a recently authorized $50 million share repurchase program. “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. “As we enter the second half, our focus is translating continued business growth into stronger earnings, disciplined capital allocation, and more durable