{"id":599049,"date":"2026-05-14T10:53:49","date_gmt":"2026-05-14T10:53:49","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/05\/14\/bitgo-posts-wider-q1-loss-despite-revenue-more-than-doubling\/"},"modified":"2026-05-14T10:53:49","modified_gmt":"2026-05-14T10:53:49","slug":"bitgo-posts-wider-q1-loss-despite-revenue-more-than-doubling","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/05\/14\/bitgo-posts-wider-q1-loss-despite-revenue-more-than-doubling\/","title":{"rendered":"BitGo posts wider Q1 loss despite revenue more than doubling"},"content":{"rendered":"

\"BitGo<\/p>\n

BitGo\u2019s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.<\/p>\n

Digital asset infrastructure company BitGo reported a wider first-quarter net loss as Bitcoin treasury mark-to-market losses and IPO-related expenses outweighed stronger client growth and a year-over-year jump in revenue.<\/p>\n

Revenue for the quarter ended March 31 was $3.8 billion, up from $1.8 billion a year earlier, driven by higher digital asset trading activity and growing contributions from its stablecoin business, the company announced<\/a> Wednesday. Revenue fell 38.7% from Q4 2025\u2019s $6.2 billion, partly due to a shift in client trading from spot to derivatives, a product BitGo launched at the start of the quarter that generated roughly $3 billion in notional volume.<\/p>\n

However, net loss widened to $60.7 million from $25.7 million in Q1 2025, hit by a $53.7 million non-cash loss tied to the declining value of the company\u2019s Bitcoin treasury, as well as stock-based compensation from its recent IPO. BitGo said stock compensation costs are expected to normalize going forward.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

BitGo\u2019s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter. Digital asset infrastructure company BitGo reported a wider first-quarter net loss as Bitcoin treasury mark-to-market losses and IPO-related expenses outweighed stronger client growth and a year-over-year jump in […]<\/p>\n","protected":false},"author":1,"featured_media":599051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-599049","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/599049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=599049"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/599049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/599051"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=599049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=599049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=599049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}