BitGo posted second-quarter 2026 revenue of $4.3 billion, a 79.6% increase from the same period last year, according to the company's August earnings announcement. The cryptocurrency custody and infrastructure firm attributed the growth to higher digital asset sales and increased stablecoin activity.
The company reported a net loss of $19 million for the quarter, alongside an adjusted EBITDA loss of $4.2 million. BitGo, a publicly traded entity under the ticker BTGO, has been positioning itself as a settlement and custody layer for institutional participants in digital assets.
The 79.6% year-over-year revenue jump follows sustained demand in crypto market infrastructure as institutions allocate capital to digital asset custody and trading infrastructure. BitGo's core business spans multi-signature wallet solutions, staking services, and institutional-grade settlement rails across Bitcoin and Ethereum networks.
Stablecoin activity has become a material revenue driver for infrastructure providers in 2026. BitGo's reported growth in this category aligns with high transaction volumes in on-chain payments and cross-border settlement channels that rely on tokenized currencies pegged to the dollar and other fiat bases.
The firm posted operating losses despite revenue growth. Gross margin compression, compliance costs, and regulatory expenses in multiple jurisdictions persist as structural headwinds for players in this category even as top-line demand accelerates.
BitGo's Q2 performance places it among the larger pure-play crypto infrastructure operators by reported revenue. Comparable custody and settlement providers do not publish quarterly results with the same transparency, making peer-to-peer revenue comparison difficult. The company's public status, however, requires quarterly SEC filings that detail operational and financial metrics.
