BitGo Holdings Inc. reported second-quarter 2026 revenue of $4.33 billion, a 79.6% increase from $2.41 billion a year earlier and a 14.7% rise from the previous quarter.
The digital asset infrastructure firm attributed the growth to higher digital asset sales and expansion of its stablecoin-as-a-service business. Despite the revenue surge, BitGo posted a net loss of $19 million, or $0.16 per share, compared with net income of $38.3 million in the same period last year. The loss narrowed from $60.7 million in the first quarter. Adjusted EBITDA was a loss of $4.2 million, versus a gain of $3 million in the prior-year period.
BitGo highlighted $159 million in cash, $147.7 million worth of bitcoin, and a newly authorized $50 million share repurchase program. Client numbers grew 26%, and normalized assets on the platform rose 31% to $65.2 billion. CFO Ed Reginelli, who will step down effective Sept. 15, said the company has financial flexibility to invest in priority opportunities while maintaining cost discipline. CEO Mike Belshe said BitGo streamlined its cost structure and expanded the use of AI across engineering and operations.
The company recorded an $18.8 million unrealized loss on digital assets in Q2 2026, compared with a $55.8 million unrealized gain a year earlier. The results underscore strong institutional demand for custody and stablecoin infrastructure, even as profitability remains constrained by investment and compliance costs.
