BitGo Q2 Revenue Rises 80% to $4.3B as Loss Hits $19M
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Payward reports $508M Q2 revenue as funded accounts rise 42% despite volume decline
Payward's strategic diversification and user growth amid declining trading volumes highlight its resilience and potential IPO readiness. The post Payward reports $508M Q2 revenue as funded accounts rise 42% despite volume decline appeared first on Crypto Briefing.
BitGo made $4.3 billion in revenue last quarter, but direct costs swallowed 99.8% of it
BitGo's second-quarter earnings showed $4.329 billion of revenue, but almost all of the sales generated by its largest business line flowed back out as transaction costs. Revenue increased 79.6% from a year earlier, according to BitGo’s second-quarter earnings release. Yet the headline number can obscure the underlying economics: Digital Asset Sales generated $4.198 billion of revenue against $4.190 billion of direct costs. That left a spread of…
Key points of the news: BitGo reported a net loss of $19 million in the second quarter of 2026, despite the fact that revenues grew almost 80% year-on-year. An unrealized loss of $18.8 million in digital assets and weaker trading margins explains the negative result of the quarter. The company authorized a share buy-back program of up to $50 million and forecast $15 million in annual savings after cutting 15% of its workforce. BitGo, the infrast…
Cryptocurrency fund manager BitGo reported revenue of $4.33 billion in Q2 2026, up 79.6% year-on-year. However, the company posted a net loss of $19 million, compared to a profit of $38.3 million in Q2 2025. The main reason for this was the correction in the digital asset market.
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