BitGo reported about $44.1 million in net income for the third quarter of 2026, while adjusted EBITDA was negative $4.3 million. The company attributed the positive accounting result partly to treasury-related appreciation, so the net income figure should not be taken as a measure of cash generated by ordinary operations.
Revenue was about $2.85 billion, down from $5.81 billion a year earlier, but included about $2.81 billion in direct costs tied to transaction-related activity. BitGo said normalized assets on its platform rose 31.9% to $59.9 billion and normalized staked assets grew 41.1%. The platform-assets figure follows the company’s definition and does not represent assets BitGo owns or can freely use.
