BitGo Q3 2026 revenue falls 50.9% to $2.85 billion as net income nearly doubles

The crypto custodian's top line shrank with trading volumes, while an unrealized treasury gain lifted profit to $44.1 million BitGo Holdings, Inc. posted third-quarter 2026 revenue of $2.85 billion, a 50.9% drop from the same period a year earlier. In the same report, net income jumped 94.4% to $44.1 million. BitGo released the results on November 9. Revenue also fell 34.1% from the prior quarter, so the slide was not limited to a tough year-over-year comparison. The company attributed the decline mainly to lower digital asset sales activity as trading volumes softened. That matters because digital asset sales make up most of BitGo’s reported revenue. Digital asset sales contributed approximately $2.72 billion of the quarter’s top line. The margin on that activity was just $4.2 million.

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