# BitGo's Q1: Revenue Soars, Losses Balloon

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitgo-s-q1-revenue-soars-losses-balloon
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitgo-s-q1-revenue-soars-losses-balloon.md
Podcast: [Bitcoin & Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-05-14T08:31:33+00:00
Episode link: https://api.fastcast.ai/audio/cb872dd4-060c-4eeb-95a8-9496bfde0b01.mp3
Audio file: https://api.fastcast.ai/audio/cb872dd4-060c-4eeb-95a8-9496bfde0b01.mp3
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Duration seconds: 83

## Resource

BitGos Q1 earnings show a mixed bag: revenue surged by 100% to $3.8 billion, driven by increased trading and stablecoin growth. However, net losses ballooned to $60.7 million, up from $25.7 million last year, due to a non-cash hit on Bitcoin treasury, stock compensation, and IPO expenses. Client numbers and total users grew, but stablecoin revenue rose while staking dipped. This reflects the broader crypto market trend, where Coinbase also posted a loss. Shares slipped after hours, but BitGo anticipates improved performance in future quarters. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/5a75d0215d2b6b3d

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## Transcript

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