Crypto Firm BitGo Posts Loss in First Earnings Report After IPO -- WSJ

Dow Jones03-27

By Vicky Ge Huang

Crypto infrastructure firm BitGo posted a quarterly loss after a slide in digital asset prices late last year hurt the value of the company's bitcoin holdings.

Shares of BitGo edged lower in after-hours trading. The stock dropped more than 8% to close at an all-time low on Thursday.

BitGo reported a loss of $50 million or $1.03 per share in the fourth quarter, compared with a profit of $129.4 million a year ago. Revenue surged about 440% to $6.2 billion from $1.1 billion during the same period a year ago. Analysts polled by FactSet had estimated the company to lose $49.1 million on revenue of $59.2 million.

For the full year, BitGo lost $14.8 million on revenue of $16.2 billion.

BitGo's January public debut on the New York Stock Exchange was the first major test of digital-asset company IPOs since the sector's market downturn late last year. The stock rose on its first day of trading but has since lost about half of its value.

Earlier this week, BitGo partnered with Susquehanna Crypto to launch a service that lets hedge funds, family offices and ultra-high-net-worth individuals trade prediction markets using cryptocurrencies or stablecoins already held within BitGo's platform.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 26, 2026 17:00 ET (21:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2622891582?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-27 05:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2622891582","market":"sh","top_or_hot":-1,"title":"Crypto Firm BitGo Posts Loss in First Earnings Report After IPO -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     Crypto infrastructure firm BitGo posted a quarterly loss after a slide in digital asset prices late last year hurt the value of the company's bitcoin holdings. \n</p>\n<p>\n     Shares of BitGo edged lower in after-hours trading. The stock dropped more than 8% to close at an all-time low on Thursday. \n</p>\n<p>\n     BitGo reported a loss of $50 million or $1.03 per share in the fourth quarter, compared with a profit of $129.4 million a year ago. Revenue surged about 440% to $6.2 billion from $1.1 billion during the same period a year ago. Analysts polled by FactSet had estimated the company to lose $49.1 million on revenue of $59.2 million. \n</p>\n<p>\n     For the full year, BitGo lost $14.8 million on revenue of $16.2 billion. \n</p>\n<p>\n     BitGo's January public debut on the New York Stock Exchange was the first major test of digital-asset company IPOs since the sector's market downturn late last year. The stock rose on its first day of trading but has since lost about half of its value. \n</p>\n<p>\n     Earlier this week, BitGo partnered with Susquehanna Crypto to launch a service that lets hedge funds, family offices and ultra-high-net-worth individuals trade prediction markets using cryptocurrencies or stablecoins already held within BitGo's platform. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 17:00 ET (21:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Firm BitGo Posts Loss in First Earnings Report After IPO -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Firm BitGo Posts Loss in First Earnings Report After IPO -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-27 05:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     Crypto infrastructure firm BitGo posted a quarterly loss after a slide in digital asset prices late last year hurt the value of the company's bitcoin holdings. \n</p>\n<p>\n     Shares of BitGo edged lower in after-hours trading. The stock dropped more than 8% to close at an all-time low on Thursday. \n</p>\n<p>\n     BitGo reported a loss of $50 million or $1.03 per share in the fourth quarter, compared with a profit of $129.4 million a year ago. Revenue surged about 440% to $6.2 billion from $1.1 billion during the same period a year ago. Analysts polled by FactSet had estimated the company to lose $49.1 million on revenue of $59.2 million. \n</p>\n<p>\n     For the full year, BitGo lost $14.8 million on revenue of $16.2 billion. \n</p>\n<p>\n     BitGo's January public debut on the New York Stock Exchange was the first major test of digital-asset company IPOs since the sector's market downturn late last year. The stock rose on its first day of trading but has since lost about half of its value. \n</p>\n<p>\n     Earlier this week, BitGo partnered with Susquehanna Crypto to launch a service that lets hedge funds, family offices and ultra-high-net-worth individuals trade prediction markets using cryptocurrencies or stablecoins already held within BitGo's platform. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 17:00 ET (21:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTGO","symbol_name":"BitGo Holdings, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622891582","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622891582","pubTimestamp":1774558800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Crypto infrastructure firm BitGo posted a quarterly loss after a slide in digital asset prices late last year hurt the value of the company's bitcoin holdings.Shares of BitGo edged lower in after-hours trading. The stock dropped more than 8% to close at an all-time low on Thursday.BitGo reported a loss of $50 million or $1.03 per share in the fourth quarter, compared with a profit of $129.4 million a year ago. Revenue surged about 440% to $6.2 billion from $1.1 billion during the same period a year ago. Analysts polled by FactSet had estimated the company to lose $49.1 million on revenue of $59.2 million.For the full year, BitGo lost $14.8 million on revenue of $16.2 billion.BitGo's January public debut on the New York Stock Exchange was the first major test of digital-asset company IPOs since the sector's market downturn late last year. The stock rose on its first day of trading but has since lost about half of its value.Earlier this week, BitGo partnered with Susquehanna Crypto to la","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTGO":"BitGo Holdings, Inc.","BK4127":"投资银行业与经纪业"},"translate_title":"加密货币公司BitGo在IPO后的首份收益报告中公布亏损——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTGO":0.9},"content_text":"By Vicky Ge Huang \n\n\n     Crypto infrastructure firm BitGo posted a quarterly loss after a slide in digital asset prices late last year hurt the value of the company's bitcoin holdings. \n\n\n     Shares of BitGo edged lower in after-hours trading. The stock dropped more than 8% to close at an all-time low on Thursday. \n\n\n     BitGo reported a loss of $50 million or $1.03 per share in the fourth quarter, compared with a profit of $129.4 million a year ago. Revenue surged about 440% to $6.2 billion from $1.1 billion during the same period a year ago. Analysts polled by FactSet had estimated the company to lose $49.1 million on revenue of $59.2 million. \n\n\n     For the full year, BitGo lost $14.8 million on revenue of $16.2 billion. \n\n\n     BitGo's January public debut on the New York Stock Exchange was the first major test of digital-asset company IPOs since the sector's market downturn late last year. The stock rose on its first day of trading but has since lost about half of its value. \n\n\n     Earlier this week, BitGo partnered with Susquehanna Crypto to launch a service that lets hedge funds, family offices and ultra-high-net-worth individuals trade prediction markets using cryptocurrencies or stablecoins already held within BitGo's platform. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2026 17:00 ET (21:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622891582","isCrawlerRequest":true}