AI brief of an SEC Form 8-K · BITGO HOLDINGS, INC. (BTGO)
BitGo Q3 revenue falls 50.9% to $2.9 billion; net income rises to $44.1 million
BitGo reported third-quarter 2026 results on November 9, 2026. Total revenue fell to $2.9 billion, down 50.9% from a year earlier, driven mainly by lower digital asset sales in a soft crypto trading environment. Net income rose to $44.1 million, but the filing attributes it mainly to a $71.5 million unrealized gain on the company's digital asset treasury, and adjusted EBITDA was a loss of $4.3 million.
Key points
- Total revenue of $2.9 billion, down 50.9% year-over-year and 34.1% sequentially
- Net income of $44.1 million, versus a net loss of $19.0 million in Q2 2026, driven by a $71.5 million unrealized gain on digital assets
- Adjusted EBITDA loss of $4.3 million, compared with a $13.5 million profit in Q3 2025
- Repurchased $24.7 million of common stock during the quarter under a $50 million authorization
The filing
CompanyBITGO HOLDINGS, INC. (BTGO)
Form8-K, current report
Filed with the SECNov 9, 2026, 4:18 PM ET
Accession number0001740604-26-000068
Written by AI on Nov 9, 2026, 6:16 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.