BitGo Holdings shared its earnings for the third quarter of 2026, showing $2.9 billion in revenue.

Nov 9, 2026, 6:05 PM ETResultsRead the original at Benzinga

Bad for BTGO

BitGo's Q3 revenue fell 34.1% from Q2 and 50.9% from a year earlier, as most trading clients did less business. Its profit included a $71.5 million unrealized gain, and new services, NYDIG, slight asset growth, cost cuts, and repurchases do not erase weaker trading.

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AI read · Bad for BTGO

The AI's read

The main concern is weaker trading: about 2 in 3 clients who traded in Q2 traded less in Q3. The reported profit included an unrealized gain from digital assets, so it does not show only income from ongoing work. BitGo added services and bought NYDIG's institutional trading business, which it expects to contribute significantly in 2027. Client assets edged up after accounting for price changes, and the company cut costs and repurchased shares. These steps help, but do not yet outweigh weaker trading.

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