Quarterly ResultMay 14, 2026, 06:08 AM
BitGo Q1 Revenue $3.77B; Net Loss $(60.67)M; Completed IPO
AI Summary
BitGo Holdings, Inc. reported its first-quarter 2026 financial results, showing a significant increase in total revenue to $3.77 billion, up from $1.77 billion in Q1 2025. Despite the revenue growth, the company posted a net loss of $(60.67) million, widening from $(25.73) million in the prior year. The quarter also marked the completion of its initial public offering in January 2026, raising approximately $174.3 million in net proceeds.
Key Highlights
- Completed IPO in January 2026, raising $174.3 million net proceeds.
- Total revenue for Q1 2026 increased to $3.77 billion from $1.77 billion in Q1 2025.
- Net loss widened to $(60.67) million in Q1 2026 from $(25.73) million in Q1 2025.
- Net loss per share was $(0.62) for Class A and B common stock in Q1 2026.
- Cash and cash equivalents increased to $186.6 million as of March 31, 2026.
- Restricted cash for stablecoin holders grew to $4.39 billion from $3.31 billion.
- Digital assets sales revenue was $3.66 billion in Q1 2026.
- U.S. revenue was $1.95 billion, International revenue $1.83 billion in Q1 2026.
Price Impact
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