Earnings Releases·Nov 9, 2026, 4:18 PM ET

BitGo — Q3 2026 Earnings Summary

Total revenue declined 50.9% YoY and 34.1% QoQ to $2,851.9 million, while net income surged 94.4% YoY to $44.1 million, driven primarily by a $71.5 million unrealized gain on the digital asset treasury.
Management completed the acquisition of NYDIG's institutional trading business to expand derivatives and structured product capabilities, while repurchasing $24.7 million of common stock under an existing authorization.
Strategic positioning focuses on tokenized equities and the convergence of traditional finance with blockchain infrastructure, supported by a 33.1% YoY increase in clients to 6,640 and normalized assets on platform rising 31.9% YoY to $59.9 billion.
Adjusted EBITDA loss narrowed slightly to $4.3 million from a $4.2 million loss in Q2, though diluted EPS improved to $0.36 from a $0.16 loss in the prior quarter; no specific financial guidance was issued.
The company faces ongoing risks from volatile digital asset prices, an evolving regulatory landscape, and the need to remediate material weaknesses in internal financial controls.