BITGO HOLDINGS, INC.

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

BTGO$4.27-16.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(unaudited, in thousands, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Revenue
Total revenue	$2,851,864	$5,810,456	$10,954,832	$9,995,582
Expenses
Digital assets sales cost	2,715,832	5,650,715	10,554,112	9,526,839
Staking fees	64,194	81,106	166,418	290,638
Stablecoin sponsor fees	34,490	23,628	105,537	38,877
Interest expense	5,497	2,738	17,360	5,675
Compensation and benefits	28,892	28,416	99,222	76,244
General and administrative expenses	19,434	18,963	60,825	51,988
Depreciation and amortization	2,761	1,008	6,609	2,749
Restructuring charges	—	—	1,300	—
Total expenses	2,871,100	5,806,574	11,011,383	9,993,010
Income (loss) from operations	(19,236)	3,882	(56,551)	2,572
Other income
Net change in unrealized appreciation (loss) on digital assets	71,498	19,135	(1,067)	41,169
Gain (loss) on disposal of digital assets	7,365	5,804	14,903	5,532
Total other income	78,863	24,939	13,836	46,701
Income (loss) before income taxes	59,627	28,821	(42,715)	49,273
Tax provision for (benefit from) income taxes	15,543	6,149	(7,101)	14,020
Net income (loss)	$44,084	$22,672	$(35,614)	$35,253
Net income (loss) attributable to common stockholders, of which:	$44,084	$7,125	$(35,614)	$8,104
Basic - Class A common stock and Class B common stock	$44,084	$—	$(35,614)	$—
Basic - Class A common stock	$—	$5,776	$—	$6,475
Basic - Class B common stock	$—	$17	$—	$7
Basic - Class F common stock	$—	$1,332	$—	$1,622
Diluted - Class A common stock and Class B common stock	$44,084	$—	$(35,614)	$—
Diluted - Class A common stock	$—	$7,495	$—	$8,731
Diluted - Class B common stock	$—	$14	$—	$6
Diluted - Class F common stock	$—	$1,220	$—	$1,465
Net income (loss) per share:
Basic - Class A common stock and Class B common stock	$0.38	$—	$(0.32)	$—
Basic - Class A common stock	$—	$0.18	$—	$0.21
Basic - Class B common stock	$—	$0.18	$—	$0.21
Basic - Class F common stock	$—	$0.18	$—	$0.21
Diluted - Class A common stock and Class B common stock	$0.36	$—	$(0.32)	$—
Diluted - Class A common stock	$—	$0.15	$—	$0.18
Diluted - Class B common stock	$—	$0.15	$—	$0.18
Diluted - Class F common stock	$—	$0.15	$—	$0.18
Weighted-average shares used in computing net income (loss) per share:
Basic - Class A common stock and Class B common stock	117,427	—	111,041	—
Basic - Class A common stock	—	32,605	—	30,233
Basic - Class B common stock	—	96	—	32
Basic - Class F common stock	—	7,518	—	7,573
Diluted - Class A common stock and Class B common stock	122,552	—	111,041	—
Diluted - Class A common stock	—	49,628	—	48,503
Diluted - Class B common stock	—	96	—	32
Diluted - Class F common stock	—	8,081	—	8,136

Condensed Consolidated Statements of Stockholders’ Equity

(unaudited, in thousands, except share data)

	Three Months Ended September 30, 2026
Common Stock Class A · Common Stock Class B
	Share	Amount	Share	Amount	Non-Controlling Interest	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Total Stockholders' equity
Balance at July 1, 2026	108,219,469	$10	8,855,382	$1	$1,638	$439,003	$(17,593)	$423,059
Issuance of common stock upon exercise of stock options	238,564	—	—	—	—	441	—	441
Issuance of common stock upon release of restricted stock units, net of shares withheld for taxes	389,352	—	—	—	—	(530)	—	(530)
Issuance of common stock under employee stock purchase plan	52,881	—	—	—	—	320	—	320
Issuance of common stock in connection with acquisition	5,933,577	1	—	—	—	42,484	—	42,485
Repurchase and retirement of common stock	(3,770,059)	—	—	—	—	(24,945)	—	(24,945)
Stock-based compensation expense	—	—	—	—	—	2,686	—	2,686
Non-controlling interest	—	—	—	—	(249)	—	—	(249)
Net income (loss)	—	—	—	—	—	—	44,084	44,084
Balance at September 30, 2026	111,063,784	$11	8,855,382	$1	$1,389	$459,459	$26,491	$487,351

	Three Months Ended September 30, 2025
Common Stock Class A · Common Stock Class B · Common Stock Class F · Convertible Preferred Stock
Share · Amount · Share · Amount · Share · Amount · Share · Amount · Non-Controlling Interest · Additional Paid-In Capital · Retained Earnings · Total Stockholders' equity
Balance at July 1, 2025	33,215,415	$3	—	$—	7,600,717	$1		60,806,143		$222,540		$2,204		$29,167		$89,468		$343,383
Issuance of common stock upon exercise of stock options	1,697,299	—	—	—	—	—		—		—		—		889		—		889
Issuance of common stock in connection with conversion of convertible shares	(1,227,310)	—	8,855,382	1	(7,600,717)		(1)		(27,355)		(60)		—		60		—		—
Stock-based compensation expense	—	—	—	—	—	—		—		—		—		823		—		823
Non-controlling interest	—	—	—	—	—	—		—		—		(76)		—		—		(76)
Net income	—	—	—	—	—	—		—		—		—		—		22,672		22,672
Balance at September 30, 2025	33,685,404	$3	8,855,382	$1	—	$—		60,778,788		$222,480		$2,128		$30,939		$112,140		$367,691

Condensed Consolidated Statements of Stockholders’ Equity

(unaudited, in thousands, except share data)

	Nine Months Ended September 30, 2026
Common Stock Class A · Common Stock Class B · Convertible Preferred Stock
Share · Amount · Share · Amount · Share · Amount · Non-Controlling Interest · Additional Paid-In Capital · Retained Earnings (Accumulated Deficit) · Total Stockholders' equity
Balance at January 1, 2026	33,822,318	$3	8,855,382	$1		60,778,788		$222,480	$1,953		$32,006		$62,105	$318,548
Issuance of common stock upon exercise of stock options	1,423,421	—	—	—		—		—	—		1,783		—	1,783
Conversion of preferred stock to common stock upon initial public offering	60,778,788	6			(60,778,788)		(222,480)			222,474			—
Issuance of common stock upon initial public offering, net of underwriting discounts and offering costs	11,026,365	1							173,984			173,985
Issuance of common stock upon release of restricted stock units, net of shares withheld for taxes	1,796,493	—	—	—		—		—	—		(3,635)		—	(3,635)
Issuance of common stock under employee stock purchase plan	52,881	—	—	—		—		—	—		320		—	320
Issuance of common stock in connection with acquisition	5,933,577	1	—	—		—		—	—		42,484		—	42,485
Repurchase and retirement of common stock	(3,770,059)	—	—	—		—		—	—		(24,945)		—	(24,945)
Stock-based compensation expense	—	—	—	—		—		—	—		14,988		—	14,988
Non-controlling interest	—	—	—	—		—		—	(564)		—		—	(564)
Net income (loss)	—	—	—	—		—		—	—		—		(35,614)	(35,614)
Balance at September 30, 2026	111,063,784	$11	8,855,382	$1		—		$—	$1,389		$459,459		$26,491	$487,351

	Nine Months Ended September 30, 2025
Common Stock Class A · Common Stock Class B · Common Stock Class F · Convertible Preferred Stock
	Share	Amount	Share	Amount	Share	Amount	Share	Amount	Non-Controlling Interest	Additional Paid-In Capital	Retained Earnings	Total Stockholders' equity
Balance at January 1, 2025	32,419,520	$3	—	$—	7,600,717	$1	60,806,143	$222,540	$2,429	$27,011	$76,887	$328,871
Issuance of common stock upon exercise of stock options	2,493,194	—	—	—	—	—	—	—	—	1,247	—	1,247
Issuance of common stock in connection with conversion of convertible shares	(1,227,310)	—	8,855,382	1	(7,600,717)	(1)	(27,355)	(60)	—	60	—	—
Stock-based compensation expense	—	—	—	—	—	—	—	—	—	2,621	—	2,621
Non-controlling interest	—	—	—	—	—	—	—	—	(301)	—	—	(301)
Net income	—	—	—	—	—	—	—	—	—	—	35,253	35,253
Balance at September 30, 2025	33,685,404	$3	8,855,382	$1	—	$—	60,778,788	$222,480	$2,128	$30,939	$112,140	$367,691

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.