Bitgo Holdings (BTGO) Stock Overview

Operates as a digital asset infrastructure company that allows institutional clients to secure, manage, utilize, and create digital assets through its technology platform. More details

BTGO fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 59.5% below our estimate of its fair value

Earnings grew by 42.8% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Large one-off items impacting financial results

Profit margins (0.5%) are lower than last year (1.6%)

BTGO Community Fair Values

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Bitgo Holdings, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Bitgo Holdings
Historical stock prices
Current Share Price	US$14.50
52 Week High	US$24.50
52 Week Low	US$14.49
Beta	0
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-21.58%

Recent updates

Shareholder Returns

	BTGO	US Professional Services	US Market
7D	n/a	-1.6%	-0.4%
1Y	n/a	-8.9%	12.7%

Return vs Industry: Insufficient data to determine how BTGO performed against the US Professional Services industry.

Return vs Market: Insufficient data to determine how BTGO performed against the US Market.

Price Volatility

Is BTGO's price volatile compared to industry and market?
BTGO volatility
BTGO Average Weekly Movement	n/a
Professional Services Industry Average Movement	6.3%
Market Average Movement	6.5%
10% most volatile stocks in US Market	16.3%
10% least volatile stocks in US Market	3.0%

Stable Share Price: BTGO's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine BTGO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2013	566	Mike Belshe	www.bitgo.com

Bitgo Holdings, Inc. operates as a digital asset infrastructure company that allows institutional clients to secure, manage, utilize, and create digital assets through its technology platform. The company, through its platform, offers self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service to investors, builders, and other participants in the digital asset ecosystem. Its clients range from crypto-native companies that use its self-custody wallet technology to financial services firms, digital asset ecosystem companies, technology platforms, corporations, and government agencies, as well as high net worth individuals.

Bitgo Holdings, Inc. Fundamentals Summary

How do Bitgo Holdings's earnings and revenue compare to its market cap?
BTGO fundamental statistics
Market cap	US$1.68b
Earnings (TTM)	US$57.09m
Revenue (TTM)	US$11.14b

29.4x

P/E Ratio

0.2x

P/S Ratio

Is BTGO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTGO income statement (TTM)
Revenue	US$11.14b
Cost of Revenue	US$10.95b
Gross Profit	US$182.99m
Other Expenses	US$125.90m
Earnings	US$57.09m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.49
Gross Margin	1.64%
Net Profit Margin	0.51%
Debt/Equity Ratio	90.7%

How did BTGO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/25 02:12
End of Day Share Price	2026/01/23 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bitgo Holdings, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Bitgo Holdings, Inc.NYSE:BTGO Stock Report