BitGo Holdings posted $44.1 million in Q3 2026 net income, rebounding from a Q2 loss, even as total revenue dropped 50.9% to $2,851.9 million and Adjusted EBITDA remained negative at $4.3 million.
Q3'26 revenue fell 50.9% YoY to $2,851.9 and 34.1% QoQ, but net income of $44.1 was up 94.4% YoY and reversed a $19.0 loss in Q2'26. Clients rose 33.1% YoY to 6,640 and Normalized Assets on Platform grew 31.9% YoY to $59.9B, yet Adjusted EBITDA stayed negative at $(4.3). Mixed hard facts point in opposite directions.
BitGo Holdings reported a mixed third quarter for 2026, with net income rising 94.4% year-over-year to $44.1 million, a significant recovery from the $19.0 million loss in Q2 2026. However, total revenue fell 50.9% to $2,851.9 million, driven by a sharp decline in digital asset sales. While the company expanded its client base by 33.1% to 6,640, it continues to face profitability challenges, reporting a negative Adjusted EBITDA of $4.3 million for the quarter.
Yes, the filing shows quarterly net income of $44.1, up 94.4% from $22.7 a year earlier and a swing from a $(19.0) loss in Q2'26, though Adjusted EBITDA was still negative at $(4.3).
Total revenue fell 50.9% YoY to $2,851.9, mostly because Digital Asset Sales revenue dropped to $2,720.0; that business carries a very thin margin of just 15 bps.