BitGo Posts $44.1M Net Income in Q3, Total Revenue Down 50.9% YoY

November 10 — According to Business Wire, digital asset infrastructure company BitGo released its latest financial results: net income for the third quarter of 2026 was $44.1 million, driven mainly by appreciation of its digital asset treasury, compared with a net loss of $19 million in the prior quarter. Adjusted EBITDA was a loss of $4.3 million. Total revenue was $2.85 billion, down 50.9% year over year, mainly due to reduced digital asset sales activity amid a weak crypto trading environment.

As of September 30, assets on platform were $59.9 billion and staked assets were $10.5 billion; adjusted for uniform prices, platform assets and staked assets grew 32% and 41% year over year, respectively. During the quarter, BitGo completed its acquisition of NYDIG's institutional trading business and expanded its OKX off-exchange settlement integration. The company also repurchased $24.7 million of common stock. Based on September 30 prices, period-end platform assets were $83 billion and staked assets were $16.3 billion. The company holds 2,399 of its own bitcoin, valued at $200.4 million.