marketNovember 11, 2026
BitGo net profit up 94% as revenue falls
BitGo has reported results for the third quarter of 2026. Revenue fell 50.9% to $2.85 billion. The company attributes this to lower trading activity and a larger share of low-margin stablecoin operations.
Net profit, meanwhile, rose 94.4% to $44.1 million. The result was driven by an unrealized gain of $71.5 million from the revaluation of crypto assets. The company still posted an operating loss of $19.2 million.
For someone who holds or exchanges cryptocurrency, the report shows that a company's bottom line can grow through crypto asset revaluation even when revenue from operations is weak.