BTGO (NYSE:BTGO) Issues Quarterly Earnings Results

BTGO (NYSE:BTGO) posted its quarterly earnings results on Thursday. The company reported ($1.03) earnings per share for the quarter, Zacks reports. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.11 billion.

Here are the key takeaways from BTGO’s conference call:

• BitGo reported 424% full‑year revenue growth to $16.2 billion, driven primarily by digital asset sales, higher subscriptions and services, and the launch of Stablecoin‑as‑a‑Service.
• Client and usage metrics expanded meaningfully: clients grew 104% to 5,322, users rose to 1.2 million, and price‑normalized assets on platform increased ~16% year‑over‑year (BTC units +8%).
• The new Stablecoin‑as‑a‑Service scaled quickly (assets under management exceeded $5 billion) and secured partners such as SoFi, creating a durable, recurring revenue stream.
• Profitability is under pressure: BitGo posted a Q4 net loss of $50 million and a full‑year net loss of $14.8 million, largely from unrealized losses on its digital‑asset treasury and sharply lower staking revenue (assets staked down ~51% YoY).
• Regulatory and product catalysts may boost growth — BitGo secured an OCC national bank charter, is expanding international licenses, and launched derivatives (≈$3 billion notional traded so far), which management expects to meaningfully expand trading revenue and margins.

BTGO Price Performance

Shares of NYSE:BTGO traded down $1.42 during trading on Friday, hitting $7.69. The company had a trading volume of 1,294,587 shares, compared to its average volume of 565,772. The stock has a fifty day moving average price of $10.86. BTGO has a one year low of $7.60 and a one year high of $24.50.

Analyst Ratings Changes

BTGO has been the topic of several research analyst reports. Compass Point began coverage on shares of BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of BTGO to a “hold” rating in a report on Tuesday, February 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of BTGO in a research note on Friday. Wall Street Zen downgraded shares of BTGO from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Wells Fargo & Company initiated coverage on shares of BTGO in a report on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.59.

More BTGO News

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo announced a partnership with zkSync to build a tokenized deposit platform for banks — a product initiative that could expand addressable market and revenue diversification if adoption and regulatory testing proceed as planned. BitGo (BTGO) Partners with ZKsync to Launch Tokenized Deposit Platform for Banks
• Positive Sentiment: BitGo reported a strong Q4 with revenue jumping substantially (reported as a >400% increase in some coverage) and beat expectations; the company also highlighted its new status as a federally chartered digital asset infrastructure firm — facts that support longer‑term growth thesis. BitGo Holdings Announces Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Several sell‑side firms continue to carry buy/overweight ratings with mid‑teens price targets (Canaccord, Rosenblatt, Wedbush, Cantor Fitzgerald reaffirmed/maintained bullish views), indicating some analysts still see multi‑quarter upside despite near‑term volatility. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results
• Negative Sentiment: Multiple analysts lowered forecasts and trimmed price targets after the Q4 release; notably Goldman Sachs cut its target and moved to a neutral rating — those downgrades and lowered targets helped trigger selling pressure despite the beat. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results

Insider Buying and Selling

In related news, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $1,941,957.18. Following the completion of the sale, the insider directly owned 311,118 shares in the company, valued at $5,208,115.32. This trade represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward Reginelli sold 45,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $753,300.00. Following the transaction, the chief financial officer owned 539,000 shares in the company, valued at $9,022,860. This trade represents a 7.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 436,007 shares of company stock worth $7,298,757.

About BTGO

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.