BitGo
Institutional digital-asset custody, wallets, trading, staking, and settlement infrastructure.
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Profile
Provides regulated digital-asset custody and wallet technology alongside trading, financing, staking, stablecoin infrastructure, and settlement. Gross trading presentation dominates reported revenue, while the platform operates through regulated entities and retains founder voting control.
Combines regulated digital-asset custody and wallet technology with institutional trading, financing, lending, staking, stablecoin infrastructure, and settlement. Custody spans qualified and cold storage, hot wallets, self-custody, and multi-signature and threshold-signature wallet technology.
BitGo Prime brings trading, over-the-counter execution, liquidity access, collateral management, financing, lending, and settlement into one workflow. Go Network supports off-exchange cash and digital-asset settlement within its custody environment, while Crypto-as-a-Service APIs let banks and fintechs embed wallets and on/off ramps. Serves a geographically distributed client base and employee organization across North America, Europe, Asia, Latin America, and the Middle East.
Results depend on digital-asset prices and activity, private-key security, blockchain and third-party reliability, and product-specific regulation across jurisdictions. A dual-class share structure preserves founder voting control.
Company facts
Categories
Key statistics
Year to date −61.9% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Goldman Sachs | Reiterate | Neutral | $5.75 | $6.50 |
| Aug 17, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $17 | $13 |
| Aug 14, 2026 | Mizuho Securities | Target | $17 | $11 | |
| Aug 13, 2026 | Deutsche Bank | Target | $14 | $8 | |
| Aug 13, 2026 | Goldman Sachs | Target | $7.75 | $5.75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.05 | −$0.16 | −230.8% | $51.7M | $42.5M | −17.8% | +10.82% |
| May 13, 2026Q1 FY26 | −$0.07 | −$0.26 | −271.4% | $48.4M | $48.9M | +1.2% | −17.21% |
| Mar 26, 2026Q4 FY25 | −$0.39 | −$1.03 | −164.1% | $59.2M | $59.9M | +1.2% | −15.71% |
Financial highlights
| 8 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.09B | $2.09B | $5.81B | $6.16B | $3.77B | $4.33B | |
| Gross profit | $42.1M | $42.1M | $50.2M | $57.1M | $45.5M | $38.2M | |
| Operating income | −$655.0K | −$655.0K | $3.9M | $6.7M | −$67.6M | −$29.1M | |
| Net income | $6.3M | $6.3M | $6.8M | −$50.0M | −$60.7M | −$19.0M | |
| Diluted EPS | $0.01 | $0.01 | $0.06 | −$0.20 | −$0.62 | −$0.16 | |
| Gross margin | 2.0% | 2.0% | 0.9% | 0.9% | 1.2% | 0.9% | |
| Operating margin | -0.0% | -0.0% | 0.1% | 0.1% | -1.8% | -0.7% |
Fiscal years (4-quarter sums)FY25 $16.15B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.52B · Total debt $445.0M · Total assets $6.05B · Shareholders' equity $423.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 107.10M · Float 67.27M · 62.8% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Valor Management LLC | 12.54M | 11.71% | 13F | May 13, 2026 |
| Redpoint Management, LLC | 10.75M | 10.04% | 13F | May 15, 2026 |
| Redpoint Ventures V, L.P. | 10.48M | 9.80% | 13G | May 15, 2026 |
| Valor Digital Investments, LLC | 9.81M | 9.20% | 13G | Jun 5, 2026 |
| Pantera Capital Partners LP | 3.32M | 3.10% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Chen Fang | director, officer: Chief Revenue Officer | −234 | $5.02 |
| Aug 7, 2026 | Edward Reginelli | officer: Chief Financial Officer | −91 | $5.02 |
| Aug 7, 2026 | Jody Mettler | officer: Chief Operating Officer | −97 | $5.02 |
| Jul 24, 2026 | Edward Reginelli | officer: CFO | −9,021 | $4.89 |
| Jul 24, 2026 | Michael Belshe | director, 10 percent owner, officer: CEO, President, CTO | −38,691 | $4.89 |
Peers
- Coinbase
Full-stack institutional custody, prime, staking and wallet rival.
- Gemini
Institutional custody, execution, staking and stablecoin products overlap.
- Galaxy Digital
Institutional trading, lending, staking and wallet technology overlap.
- Bullish
Institutional spot and derivatives exchange challenges prime execution.
- Circle
Stablecoin issuance, payments and developer rails overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BitGo | $6.90 | +0.53% | $734.7M | — | 310.8 | 0.0 | — |
| Coinbase | $178.50 | −0.02% | $47.13B | — | 206.3 | 8.5 | −18.5% |
| Gemini | $4.38 | +1.39% | $525.4M | — | — | 2.7 | — |
| Galaxy Digital | $23.29 | +0.30% | $7.70B | — | — | 0.1 | +0.6% |
| Bullish | $32.60 | −0.84% | $4.99B | — | 54.5 | 0.0 | −99.8% |
| Circle | $86.80 | −0.38% | $23.29B | 46.4 | — | 8.0 | +6.6% |
| Median | 46.4 | 130.4 | 2.7 | −9.0% |