BitGo Q1 2026 Financial Report: Revenue of $3.774 billion, up 112.6% year-on-year

BitGo announced its Q1 2026 financial results: total revenue for the quarter was $3.774 billion, representing a 112.6% year-on-year increase but a 38.7% sequential decline; net loss was $60.7 million, compared to a net loss of $25.7 million in the same period last year. During the same period, BitGo’s newly launched derivatives business recorded approximately $3 billion in notional trading volume. The company noted that some customers shifted trading activity from spot to derivatives—since derivatives revenue is recognized on a net basis while spot trading revenue is recognized on a gross basis, the revenue recognition methodology differs from prior periods and is therefore not fully comparable. The number of clients reached 5,569 in Q1, an increase of 42% year-on-year.