BitGo Holdings, Inc. reported third-quarter 2026 revenue of $2.85 billion, marking a 50.9% decline compared to the same period in 2025. The company also saw a 34.1% revenue drop quarter-over-quarter.
Net income for the period reached $44.1 million, a 94.4% increase. This growth was driven by an unrealized gain of $71.5 million from the company's treasury holdings of digital assets.
Core operations faced challenges, with adjusted EBITDA showing a loss of $4.3 million. Digital asset sales, which generated $2.72 billion in revenue, yielded a margin of only $4.2 million.
The Stablecoin-as-a-Service business grew by 52.5% to $37.4 million. Additionally, the company closed the acquisition of NYDIG’s institutional trading unit for $57.7 million on August 27, 2026.
As of September 30, 2026, BitGo served 6,640 clients, an increase of 33.1% from the previous year. Meanwhile, total assets on the platform fell by 42.4% year-over-year to $59.9 billion.
