BitGo said on Aug. 12 that second-quarter 2026 revenue rose 79.6% year over year to $4.33 billion, with digital asset sales contributing $4.20 billion, Stablecoin-as-a-Service revenue climbing 148% to $38.8 million, staking revenue falling 28.8% to $64.7 million and subscriptions and services revenue rising 8.5% to $27.5 million. Direct costs on digital asset sales were $4.19 billion, leaving about $7.1 million of margin as trading margin narrowed to 17 basis points from 32 basis points in the first quarter. The company posted a $19 million net loss, compared with net income of $38.3 million a year earlier and a $60.7 million loss in the first quarter, as an $18.8 million unrealized loss on its digital assets and a negative $4.2 million Adjusted EBITDA weighed on results. Client count rose 26.2% to 5,833 and normalized assets on platform increased 31.4% to $65.2 billion, underscoring BitGo's role as one of the few public gauges of institutional activity through regulated crypto channels after its January 2026 NYSE debut under ticker BTGO. BitGo also ended June with $159 million in cash, no corporate-level debt and 2,523 company-owned Bitcoin worth about $147.7 million after adding 74 BTC during the second quarter, up from 2,449 BTC at March 31 and 1,673 BTC at the end of 2025. The company said more institutions are prioritizing regulated custody, pointing to a January 2026 Coinbase and EY-Parthenon survey, the Office of the Comptroller of the Currency's conditional December 2025 approval for BitGo Bank & Trust to convert into a national trust bank, and BitGo's post-quarter custody work on DTCC's tokenized-securities demonstration. BitGo also said it cut nearly 15% of staff in June, expanded AI use in engineering and operations, expects about $15 million of annualized cash savings, alongside a newly authorized $50 million share buyback, and said CFO Ed Reginelli will step down on Sept. 15.