Bitgo Holdings Past Earnings Performance
Past criteria checks 0/6
Bitgo Holdings's earnings have been declining at an average annual rate of -177.4%, while the Capital Markets industry saw earnings growing at 6.9% annually. Revenues have been growing at an average rate of 322.7% per year.
Key information
-177.44%
Earnings growth rate
-179.14%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 322.68% |
| Return on equity | -11.33% |
| Net Margin | -0.27% |
| Next Earnings Update | 12 Aug 2026 |
Recent past performance updates
Recent updates
BTGO: July Lock Up Expiry And Cost Cuts Will Shape Future Upside
Analysts have trimmed their price target on BitGo Holdings in light of reduced fair value estimates to $6.94, lower future P/E assumptions near 85x, and updated views on softer crypto conditions and upcoming share supply overhang. Analyst Commentary Recent research on BitGo Holdings highlights a mixed backdrop, with several firms revising price targets and earnings assumptions as crypto trading and stablecoin activity have softened.BTGO: July Lock Up Expiry Will Shape Future Upside Potential
The Analyst Price Target for BitGo Holdings has been revised lower from $9.15 to $7.94 as analysts factor in softer crypto market and stablecoin activity, cost-cut initiatives, and upcoming share supply from the July lock up expiry, while still recognizing ongoing efforts to grow recurring revenue and improve operating leverage. Analyst Commentary Recent Street research on BitGo Holdings reflects a mixed but increasingly cautious tone, with several bearish analysts trimming price targets and highlighting execution and growth risks tied to the broader crypto cycle, cost actions, and upcoming share supply.BTGO: Class Action Over IPO Disclosures Will Shape Future Risk Profile
Analysts have reduced their BitGo Holdings price expectations. The updated fair value estimate has moved from about $10.15 to roughly $9.15, reflecting more cautious assumptions on revenue growth, profit margins, and the appropriate P/E multiple for the stock.BitGo: Institutional Crypto Infrastructure At A Discount
Summary BitGo Holdings is rated a Buy with a 12-month price target of $15, reflecting misunderstood post-IPO weakness rather than deteriorating fundamentals. BTGO's core business is accelerating: clients grew 42% YoY, normalized assets rose 29%, and stablecoin-as-a-service revenue surged 44% sequentially with expanding take rates. Stablecoin infrastructure and the OCC national bank charter position BTGO as a critical institutional control layer for digital assets, creating a durable competitive moat. Valuation appears attractive at 1.5–1.9x recurring platform revenue, with risk cushioned by recurring revenue streams and strong institutional adoption trends. Read the full article on Seeking AlphaRegulatory Tailwinds And Institutional Adoption Will Shape A Cautious Yet Constructive Outlook
Catalysts About Bitgo Holdings Bitgo Holdings provides institutional digital asset infrastructure, including wallets, custody, trading, staking, lending, stablecoin services and related compliance tools. What are the underlying business or industry changes driving this perspective?
Tokenization And Stablecoin Infrastructure Will Drive Powerful Long Term Upside
Catalysts About Bitgo Holdings Bitgo Holdings provides regulated digital asset infrastructure for institutional clients, including custody, trading, staking, stablecoin and related services. What are the underlying business or industry changes driving this perspective?
Institutional Adoption And Tokenization Trends Will Support Long Term Prospects For This Platform
Catalysts About Bitgo Holdings Bitgo Holdings provides institutional digital asset infrastructure, covering custody, trading, staking, stablecoins and related services across multiple regulated jurisdictions. What are the underlying business or industry changes driving this perspective?Revenue & Expenses Breakdown
How Bitgo Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 18,151 | -50 | 201 | 0 |
| 31 Dec 25 | 16,152 | -15 | 180 | 0 |
| 30 Sep 25 | 11,136 | 57 | 170 | 0 |
| 30 Jun 25 | 6,143 | 47 | 155 | 0 |
| 31 Mar 25 | 4,294 | 24 | 143 | 0 |
| 31 Dec 24 | 3,081 | 54 | 133 | 0 |
| 31 Dec 23 | 926 | -2 | 97 | 0 |
| 31 Dec 22 | 2,511 | 1,877 | 134 | 0 |
| 31 Dec 20 | 37 | -2,132 | 12 | 0 |
Quality Earnings: BTGO is currently unprofitable.
Growing Profit Margin: BTGO is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BTGO is unprofitable, and losses have increased over the past 5 years at a rate of 177.4% per year.
Accelerating Growth: Unable to compare BTGO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BTGO is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (35.8%).
Return on Equity
High ROE: BTGO has a negative Return on Equity (-11.33%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/10 08:04 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Vafi | Canaccord Genuity |
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Peter Christiansen | Citigroup Inc |