BitGo reported Q1 2026 revenue $3.77 bn, up 112.6% YoY, but net loss widened to $60.7 mn.
Adjusted EBITDA swung to a $1.7 mn loss from a $3.9 mn gain a year earlier, impacted by weaker market and $3 mn legal costs.
Digital asset sales revenue hit $3.66 bn with margins improving to 32 bps, while staking revenue fell 66.2% YoY to $49.4 mn.
Client base grew 42% YoY to 5,569, and stablecoin-as-a-service revenue rose 43.6% sequentially to $38.2 mn.