BitGo Net Loss Widens to $60.7 Million Despite 112.6% Revenue Growth
BeInCrypto
BitGo reported a 112.6% revenue increase to $3.77 billion in Q1 2026, yet net losses widened to $60.7 million due to market volatility.Summary
BitGo Holdings saw its Q1 2026 revenue climb 112.6% year-over-year to $3.77 billion, fueled by increased digital asset sales and stablecoin services. However, the company reported a widened net loss of $60.7 million, up from $25.7 million the previous year. BitGo attributed this deficit primarily to non-cash mark-to-market impacts on its Bitcoin treasury and elevated IPO-related stock compensation expenses.
(Source：BeInCrypto)