By Vicky Ge Huang

Crypto infrastructure firm BitGo posted a quarterly loss after a slide in digital asset prices late last year hurt the value of the company's bitcoin holdings.

Shares of BitGo edged lower in after-hours trading. The stock dropped more than 8% to close at an all-time low on Thursday.

BitGo reported a loss of $50 million or $1.03 per share in the fourth quarter, compared with a profit of $129.4 million a year ago. Revenue surged about 440% to $6.2 billion from $1.1 billion during the same period a year ago. Analysts polled by FactSet had estimated the company to lose $49.1 million on revenue of $59.2 million.

For the full year, BitGo lost $14.8 million on revenue of $16.2 billion.

BitGo's January public debut on the New York Stock Exchange was the first major test of digital-asset company IPOs since the sector's market downturn late last year. The stock rose on its first day of trading but has since lost about half of its value.

Earlier this week, BitGo partnered with Susquehanna Crypto to launch a service that lets hedge funds, family offices and ultra-high-net-worth individuals trade prediction markets using cryptocurrencies or stablecoins already held within BitGo's platform.

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March 26, 2026 17:00 ET (21:00 GMT)

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