BitGo Holdings Inc. reported strong revenue growth in the second quarter of 2026, driven by business expansion, despite posting a net loss from digital asset devaluation.
According to its Wednesday disclosure, the digital asset infrastructure firm saw quarterly revenue of $4.33 billion, up 79.6% from $2.41 billion a year earlier and 14.7% from the previous quarter.
The revenue growth was mainly driven by higher digital asset sales and growth in its stablecoin-as-a-service business, the company said.
The disclosure also highlighted $159 million of cash holdings, $147.7 million worth of bitcoin, and a recently authorized $50 million share repurchase program.
"We have the financial flexibility to invest behind our highest-priority opportunities while maintaining discipline around costs and capital allocation," said BitGo Chief Financial Officer Ed Reginelli, who is set to step down from his role effective Sept. 15.
