BitGo

BitGo reported Q2 2026 revenue of $4.3 billion, up 79.6% year-over-year and 14.7% sequentially, driven primarily by Digital Asset Sales and Stablecoin-as-a-Service growth. The company posted a net loss of $19.0 million versus net income of $38.3 million in Q2 2025, primarily reflecting an $18.8 million unrealized loss on digital assets compared with a $55.8 million unrealized gain in the prior-year period. Digital Asset Sales margin compressed to 17 basis points from 32 basis points in Q1, due to lower spreads on spot trading and reduced derivatives mix. Staking revenue grew 30.9% sequentially but fell 28.8% year-over-year as take rates declined to 6.0% from 10.0%. Subscriptions and Services revenue increased 8.5% year-over-year. Adjusted EBITDA was negative $4.2 million versus positive $3.0 million in Q2 2025. The company sharpened investment priorities to generate approximately $15 million in annualized cost savings and authorized a $50 million share repurchase program.