NYSE : BTGO
BitGo Holdings, Inc. — Financial statements
Technology · Software - Application · United States
Last price 5.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 624.17M
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Financial statements
BitGo Holdings, Inc. (BTGO) reported revenue of 20.07B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 20.07B | 16.15B | 3.08B | 926.29M | 2.51B | 35.62M |
| Other Revenue | 1.16M | |||||
| Revenue | 20.07B | 16.15B | 3.08B | 926.29M | 2.51B | 36.78M |
| Cost of Revenue | 19.86B | 15.95B | 2.95B | 863.49M | 2.44B | 26.49M |
| Gross Profit | 206.31M | 199.11M | 130.62M | 62.79M | 69.26M | 10.29M |
| Selling, General & Admin | 211.03M | 180.16M | 132.76M | 96.89M | 134.41M | 11.59M |
| Other Operating Expenses | 9.23M | |||||
| Operating Expenses | 217.16M | 184.19M | 135.97M | 98.03M | 137.43M | 20.82M |
| Operating Income | -10.86M | 14.92M | -5.35M | -35.23M | -68.17M | -10.53M |
| Interest Expense | -19.77M | -10.85M | -1.63M | -1.36M | -6.10M | |
| Other Non Operating Income (Expenses) | -125.50M | -38.71M | 112.00M | 35.13M | 7.60B | -2.05B |
| EBT Excluding Unusual Items | -156.13M | -34.63M | 105.02M | -1.46M | 7.52B | -2.06B |
| Impairment of Goodwill | -36.50M | |||||
| Gain (Loss) on Sale of Assets | 11.11M | 11.11M | 117.43M | 187.00K | 1.91B | 24.68M |
| Asset Writedown | -4.82B | -93.16M | ||||
| Pretax Income | -146.32M | -23.52M | 185.95M | -1.27M | 4.61B | -2.13B |
| Income Tax Expense | -39.26M | -8.74M | 29.39M | 843.00K | 705.00K | -719.00K |
| Net Income | -107.06M | -14.78M | 156.55M | -2.12M | 4.61B | -2.13B |
| Preferred Dividends & Other Adjustments | -11.31M | 102.43M | 2.73B | |||
| Net Income to Common | -95.75M | -14.78M | 54.12M | -2.12M | 1.88B | -2.13B |
| Shares Outstanding (Basic) | 72.95M | 38.65M | 39.20M | 37.90M | 36.38M | 29.87M |
| Shares Outstanding (Diluted) | 72.95M | 38.65M | 52.06M | 37.90M | 39.41M | 29.87M |
| EPS (Basic) | -1.31 | -0.38 | 1.38 | -0.06 | 51.59 | -71.38 |
| EPS (Diluted) | -1.31 | -0.38 | 0.90 | -0.06 | 39.54 | -71.38 |
| Free Cash Flow | -10.60M | 17.50M | 8.60M | -51.41M | -26.08M | -16.48M |
| Free Cash Flow Per Share | -0.14 | 0.45 | 0.17 | -1.36 | -0.66 | -0.55 |
| Gross Margin | 1.03% | 1.23% | 4.24% | 6.78% | 2.76% | 27.97% |
| Operating Margin | -0.05% | 0.09% | -0.17% | -3.80% | -2.71% | -28.64% |
| Profit Margin | -0.48% | -0.09% | 1.76% | -0.23% | 74.74% | -5,796.83% |
| Free Cash Flow Margin | -0.05% | 0.11% | 0.28% | -5.55% | -1.04% | -44.80% |
| EBITDA | -4.72M | 18.95M | -2.14M | -34.09M | -65.15M | -9.11M |
| EBITDA Margin | -0.02% | 0.12% | -0.07% | -3.68% | -2.59% | -24.77% |
| D&A For EBITDA | 6.13M | 4.03M | 3.22M | 1.14M | 3.02M | 1.42M |
| EBIT | -10.86M | 14.92M | -5.35M | -35.23M | -68.17M | -10.53M |
| EBIT Margin | -0.05% | 0.09% | -0.17% | -3.80% | -2.71% | -28.64% |
| Effective Tax Rate | 15.81% | 0.01% | ||||
| Revenue as Reported | 36.78M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 158.96M | 106.28M | 87.42M | 46.19M | 15.49M | |
| Cash & Short-Term Investments | 158.96M | 106.28M | 87.42M | 46.19M | 15.49M | |
| Accounts Receivable | 17.36M | 15.77M | 21.85M | 10.38M | 5.72M | |
| Receivables | 185.08M | 223.20M | 118.68M | 35.36M | 80.77M | |
| Restricted Cash | 4.63B | 3.31B | ||||
| Other Current Assets | 1.03B | 877.07M | 463.77M | 6.84B | ||
| Total Current Assets | 6.03B | 4.53B | 672.67M | 6.92B | 96.26M | |
| Property, Plant & Equipment | 20.73M | 19.53M | 6.34M | 4.31M | 5.08M | |
| Other Intangible Assets | 407.00K | 1.23M | 3.72M | 49.04M | ||
| Other Long-Term Assets | 724.00K | 713.00K | 546.00K | 3.24M | 1.28B | |
| Total Assets | 6.05B | 4.55B | 683.28M | 6.92B | 1.43B | |
| Accounts Payable | 9.35M | 9.96M | 4.50M | 4.88M | 1.85M | |
| Accrued Expenses | 31.95M | 7.49M | 8.15M | |||
| Short-Term Debt | 438.98M | 352.54M | 30.00M | |||
| Current Portion of Leases | 2.55M | 2.48M | 1.44M | 1.23M | ||
| Current Income Taxes Payable | 4.41M | 9.79M | ||||
| Current Unearned Revenue | 4.51M | 4.71M | 4.70M | 3.25M | ||
| Other Current Liabilities | 5.14B | 3.81B | 274.83M | 6.77B | 2.09B | |
| Total Current Liabilities | 5.62B | 4.23B | 351.49M | 6.79B | 2.09B | |
| Long-Term Leases | 3.45M | 3.98M | 2.92M | 1.74M | ||
| Long-Term Unearned Revenue | 2.27M | |||||
| Other Long-Term Liabilities | 1.40B | |||||
| Total Liabilities | 5.62B | 4.23B | 354.41M | 6.79B | 3.50B | |
| Common Stock | 11.00K | 4.00K | 4.00K | 4.00K | 3.00K | |
| Additional Paid-In Capital | 439.00M | 32.01M | 27.01M | 22.38M | 16.25M | |
| Retained Earnings | -17.59M | 62.10M | 76.89M | -79.67M | -2.17B | |
| Total Common Equity | 421.42M | 94.11M | 103.90M | -57.28M | -2.16B | |
| Minority Interest | 1.64M | 1.95M | 2.43M | |||
| Shareholders' Equity | 423.06M | 318.55M | 328.87M | 136.81M | -2.06B | |
| Total Liabilities & Equity | 6.05B | 4.55B | 683.28M | 6.92B | 1.43B | |
| Total Debt | 444.98M | 359.00M | 34.36M | 2.97M | ||
| Net Cash (Debt) | -286.02M | -252.72M | 53.06M | 43.22M | 15.49M | |
| Net Cash Per Share | -3.92 | -6.54 | 1.02 | 1.14 | 0.52 | |
| Filing Date Shares Outstanding | 117.55M | 115.47M | 40.02M | 37.90M | 36.38M | 29.87M |
| Total Common Shares Outstanding | 117.07M | 42.68M | 40.02M | 37.90M | 36.38M | 29.87M |
| Working Capital | 404.65M | 301.06M | 321.19M | 131.01M | -2.00B | |
| Book Value Per Share | 3.60 | 2.21 | 2.60 | -1.51 | -72.20 | |
| Tangible Book Value | 421.01M | 92.89M | 100.18M | -57.28M | -2.21B | |
| Tangible Book Value Per Share | 3.60 | 2.18 | 2.50 | -1.51 | -73.84 | |
| Machinery | 6.73M | 17.23M | 4.60M | 12.93M | ||
| Leasehold Improvements | 1.12M | 1.12M | 1.31M | 834.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | -107.06M | -14.78M | 156.55M | -2.12M | 4.61B | -2.13B |
| Depreciation & Amortization | 6.13M | 4.03M | 3.22M | 1.14M | 3.02M | 1.42M |
| Loss (Gain) From Sale of Assets | -5.00K | 16.00K | ||||
| Asset Writedown & Restructuring Costs | 36.50M | |||||
| Stock-Based Compensation | 16.45M | 3.39M | 2.68M | 872.00K | 1.14M | 951.00K |
| Provision & Write-off of Bad Debts | 1.59M | 1.86M | 3.66M | 1.67M | 681.00K | |
| Other Operating Activities | 99.94M | -10.49M | -277.44M | -46.50M | -4.69B | 2.11B |
| Change in Accounts Receivable | -6.52M | -472.00K | -13.76M | -5.50M | 8.78M | -3.59M |
| Change in Accounts Payable | 2.55M | 5.15M | -2.42M | 2.42M | -3.86M | 2.99M |
| Change in Unearned Revenue | -3.62M | 14.00K | 1.44M | -2.14M | 2.06M | 1.16M |
| Change in Other Net Operating Assets | 2.14M | 56.67M | 84.32M | -976.00K | 58.68M | 7.24M |
| Operating Cash Flow | 1.85M | 29.97M | 10.68M | -51.11M | -25.08M | -16.34M |
| Capital Expenditures | -12.46M | -12.47M | -2.08M | -301.00K | -994.00K | -136.00K |
| Sale of Property, Plant & Equipment | 2.00K | 113.00K | ||||
| Cash Acquisitions | 4.91M | |||||
| Sale (Purchase) of Intangibles | -702.00K | |||||
| Other Investing Activities | -34.83M | -12.69M | -20.59M | -10.00M | 515.00K | |
| Investing Cash Flow | -82.49M | -114.33M | -58.92M | -34.84M | 230.41M | -22.32M |
| Short-Term Debt Issued | 158.66M | 30.00M | ||||
| Long-Term Debt Issued | 50.00M | |||||
| Total Debt Issued | 238.09M | 158.66M | 30.00M | 50.00M | ||
| Short-Term Debt Repaid | -69.82M | -200.00M | ||||
| Total Debt Repaid | -174.28M | -69.82M | -200.00M | |||
| Net Debt Issued (Repaid) | 63.81M | 88.85M | 30.00M | -150.00M | ||
| Issuance of Common Stock | 176.51M | 1.55M | 277.00K | 290.00K | 583.00K | 689.00K |
| Repurchase of Common Stock | -3.10M | -1.00K | ||||
| Other Financing Activities | 2.37B | 3.33B | 72.71M | |||
| Financing Cash Flow | 2.61B | 3.42B | 89.47M | 50.20M | -149.42M | 24.38M |
| Net Cash Flow | 2.53B | 3.33B | 41.24M | -35.76M | 55.91M | -14.28M |
| Free Cash Flow | -10.60M | 17.50M | 8.60M | -51.41M | -26.08M | -16.48M |
| Free Cash Flow Margin | -0.05% | 0.11% | 0.28% | -5.55% | -1.04% | -44.80% |
| Free Cash Flow Per Share | -0.14 | 0.45 | 0.17 | -1.36 | -0.66 | -0.55 |
| Levered Free Cash Flow | -348.94M | -287.10M | -179.71M | |||
| Unlevered Free Cash Flow | -336.58M | -280.32M | -178.69M | |||
| Cash Interest Paid | 4.81M | 4.85M | 1.64M | 1.36M | 3.59M | |
| Cash Income Tax Paid | 10.66M | 14.34M | 2.45M | 242.00K | 2.01M | |
| Change in Working Capital | -15.20M | 45.97M | 85.52M | -6.20M | 65.66M | 7.81M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 624.17M | |||||
| Enterprise Value | 910.19M | |||||
| Debt / Equity Ratio | 1.05 | 1.13 | 0.10 | 0.02 | ||
| Debt / EBITDA Ratio | 18.94 | |||||
| Debt / FCF Ratio | 20.51 | 3.99 | ||||
| Net Debt / Equity Ratio | 0.68 | 0.79 | -0.16 | -0.32 | 0.01 | |
| Net Debt / EBITDA Ratio | -60.57 | 13.34 | 24.82 | 1.27 | 1.70 | |
| Net Debt / FCF Ratio | -26.97 | 14.44 | -6.17 | 0.84 | 0.94 | |
| Asset Turnover | 4.34 | 6.17 | 0.81 | |||
| Quick Ratio | 0.03 | 0.03 | 0.31 | 0.01 | 0.01 | |
| Current Ratio | 1.07 | 1.07 | 1.91 | 1.02 | 0.05 | |
| Return on Equity (ROE) | -27.94% | -4.57% | 67.24% | |||
| Return on Assets (ROA) | -0.15% | 0.36% | -0.09% | |||
| Return on Invested Capital (ROIC) | -1.48% | 3.52% | -2.44% | -37.65% | ||
| Return on Capital Employed (ROCE) | -2.50% | 4.60% | -1.60% | -25.40% | 1.60% | |
| Buyback Yield / Dilution | -41.24% | 25.77% | -37.37% | 3.85% | -31.97% |