COINTELEGRAPH · 2026-11-10 09:05 UTC

BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%

BitGo reported $44.1 million in Q3 net income, nearly double a year earlier, driven by a $71.5 million unrealized gain on digital assets despite a $19.2 million operating loss. Revenue fell 51% to $2.85 billion as digital asset sales slowed; revenue after direct costs fell 32% to $37.3 million. BitGo missed Wall Street estimates for both revenue and earnings, with revenue about 32% below the $4.2 billion consensus; shares rose 4.9% to $5.10 but are down about 60% this year.

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