BitGo's net income in the third quarter was 44.1 million USD, with total revenue decreasing by 50.9% year-on-year

According to Business Wire, digital asset infrastructure company BitGo has released its latest financial report, showing a net income of 44.1 million USD for the third quarter of 2026, primarily driven by the appreciation of digital asset treasury, compared to a net loss of 19 million USD in the previous quarter. Adjusted EBITDA loss was 4.3 million USD. Total revenue was 2.85 billion USD, a year-on-year decrease of 50.9%, mainly affected by a decline in digital asset sales activities due to a weak cryptocurrency trading environment.

As of September 30, platform assets amounted to 59.9 billion USD, with staked assets at 10.5 billion USD; after adjusting for a uniform price, platform assets and staked assets grew by 32% and 41% year-on-year, respectively. BitGo completed the acquisition of NYDIG's institutional trading business during the quarter and expanded its OKX over-the-counter settlement integration, while also repurchasing 24.7 million USD of common stock. Based on the September 30 price, the end-of-quarter platform assets were 83 billion USD, and staked assets were 16.3 billion USD. The company holds 2,399 of its own bitcoins, valued at 200.4 million USD.