BitGo posts a $50 million net loss despite a 440% surge in Q4 revenue

Uk Jin

Summary

BitGo said in its first earnings release since going public that full-year 2025 revenue surged 424% from a year earlier.
BitGo said its fourth-quarter revenue rose 440% year on year to $6.16 billion.
However, BitGo said it posted a $50 million net loss in the fourth quarter due to mark-to-market losses stemming from the decline in Bitcoin prices.

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Crypto-asset (cryptocurrency) custodian BitGo reported explosive revenue growth in its first earnings release since going public. However, it posted a loss as the value of its holdings declined.

According to crypto news outlet BeInCrypto on the 27th (Korea time), BitGo said its full-year 2025 revenue surged 424% year on year to $16.15 billion. Fourth-quarter revenue in particular jumped 440% from a year earlier to $6.16 billion.

Still, BitGo recorded a $50 million net loss in the fourth quarter. A year earlier, it posted a profit of $129.4 million. The loss is attributed to mark-to-market losses tied to the decline in Bitcoin prices being reflected in the company’s holdings.

The company said, “With the IPO, we are strengthening our position as a digital-asset infrastructure company, and we will continue to grow through various partnerships and new businesses.”