Bitgo Holdings (BTGO) Stock Overview
Operates as a digital asset infrastructure company in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
BTGO Community Fair Values
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Analyst Price Targets
Bitgo Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.51 |
| 52 Week High | US$24.50 |
| 52 Week Low | US$4.65 |
| Beta | 0 |
| 1 Month Change | 49.30% |
| 3 Month Change | 38.05% |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -59.38% |
Recent News & Updates
BTGO: Crypto Cycles And Weak Monetization Will Pressure Shares Despite Cost Cuts
Analysts lifted their fair value estimate for BitGo Holdings to $6.50 from $5.75, pointing to a modestly lower discount rate, higher modeled revenue growth, a slightly reduced profit margin, and a future P/E assumption of about 20x as the main drivers of the updated price target. Analyst Commentary Recent Street research on BitGo Holdings highlights a mixed backdrop, with many firms cutting price targets even as they acknowledge structural crypto themes and client growth.BTGO: Weaker Monetization And Crypto Volumes Will Pressure Shares After Lockup Expiry
Analysts have reduced the BitGo Holdings price target to $5.75 from $6.75, reflecting weaker recent monetization trends and crypto trading activity, alongside growing platform assets and client balances. Analyst Commentary Recent research on BitGo Holdings shows a clear reset in expectations as multiple bearish analysts have trimmed price targets following Q2 results and softer crypto trading activity.BTGO: July Lock Up Expiry And Cost Cuts Will Shape Future Upside
Analysts have trimmed their price target on BitGo Holdings in light of reduced fair value estimates to $6.94, lower future P/E assumptions near 85x, and updated views on softer crypto conditions and upcoming share supply overhang. Analyst Commentary Recent research on BitGo Holdings highlights a mixed backdrop, with several firms revising price targets and earnings assumptions as crypto trading and stablecoin activity have softened.Recent updates
BTGO: Crypto Cycles And Weak Monetization Will Pressure Shares Despite Cost Cuts
Analysts lifted their fair value estimate for BitGo Holdings to $6.50 from $5.75, pointing to a modestly lower discount rate, higher modeled revenue growth, a slightly reduced profit margin, and a future P/E assumption of about 20x as the main drivers of the updated price target. Analyst Commentary Recent Street research on BitGo Holdings highlights a mixed backdrop, with many firms cutting price targets even as they acknowledge structural crypto themes and client growth.BTGO: Weaker Monetization And Crypto Volumes Will Pressure Shares After Lockup Expiry
Analysts have reduced the BitGo Holdings price target to $5.75 from $6.75, reflecting weaker recent monetization trends and crypto trading activity, alongside growing platform assets and client balances. Analyst Commentary Recent research on BitGo Holdings shows a clear reset in expectations as multiple bearish analysts have trimmed price targets following Q2 results and softer crypto trading activity.BTGO: July Lock Up Expiry And Cost Cuts Will Shape Future Upside
Analysts have trimmed their price target on BitGo Holdings in light of reduced fair value estimates to $6.94, lower future P/E assumptions near 85x, and updated views on softer crypto conditions and upcoming share supply overhang. Analyst Commentary Recent research on BitGo Holdings highlights a mixed backdrop, with several firms revising price targets and earnings assumptions as crypto trading and stablecoin activity have softened.BTGO: July Lock Up Expiry Will Shape Future Upside Potential
The Analyst Price Target for BitGo Holdings has been revised lower from $9.15 to $7.94 as analysts factor in softer crypto market and stablecoin activity, cost-cut initiatives, and upcoming share supply from the July lock up expiry, while still recognizing ongoing efforts to grow recurring revenue and improve operating leverage. Analyst Commentary Recent Street research on BitGo Holdings reflects a mixed but increasingly cautious tone, with several bearish analysts trimming price targets and highlighting execution and growth risks tied to the broader crypto cycle, cost actions, and upcoming share supply.BTGO: Class Action Over IPO Disclosures Will Shape Future Risk Profile
Analysts have reduced their BitGo Holdings price expectations. The updated fair value estimate has moved from about $10.15 to roughly $9.15, reflecting more cautious assumptions on revenue growth, profit margins, and the appropriate P/E multiple for the stock.BitGo: Institutional Crypto Infrastructure At A Discount
Summary BitGo Holdings is rated a Buy with a 12-month price target of $15, reflecting misunderstood post-IPO weakness rather than deteriorating fundamentals. BTGO's core business is accelerating: clients grew 42% YoY, normalized assets rose 29%, and stablecoin-as-a-service revenue surged 44% sequentially with expanding take rates. Stablecoin infrastructure and the OCC national bank charter position BTGO as a critical institutional control layer for digital assets, creating a durable competitive moat. Valuation appears attractive at 1.5–1.9x recurring platform revenue, with risk cushioned by recurring revenue streams and strong institutional adoption trends. Read the full article on Seeking AlphaRegulatory Tailwinds And Institutional Adoption Will Shape A Cautious Yet Constructive Outlook
Catalysts About Bitgo Holdings Bitgo Holdings provides institutional digital asset infrastructure, including wallets, custody, trading, staking, lending, stablecoin services and related compliance tools. What are the underlying business or industry changes driving this perspective?
Tokenization And Stablecoin Infrastructure Will Drive Powerful Long Term Upside
Catalysts About Bitgo Holdings Bitgo Holdings provides regulated digital asset infrastructure for institutional clients, including custody, trading, staking, stablecoin and related services. What are the underlying business or industry changes driving this perspective?
Institutional Adoption And Tokenization Trends Will Support Long Term Prospects For This Platform
Catalysts About Bitgo Holdings Bitgo Holdings provides institutional digital asset infrastructure, covering custody, trading, staking, stablecoins and related services across multiple regulated jurisdictions. What are the underlying business or industry changes driving this perspective?Shareholder Returns
| BTGO | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 6.2% | -0.6% | -0.2% |
| 1Y | n/a | 3.1% | 14.8% |
Return vs Industry: Insufficient data to determine how BTGO performed against the US Capital Markets industry.
Return vs Market: Insufficient data to determine how BTGO performed against the US Market.
Price Volatility
| BTGO volatility | |
|---|---|
| BTGO Average Weekly Movement | 11.8% |
| Capital Markets Industry Average Movement | 3.3% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: BTGO's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: BTGO's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 603 | Mike Belshe | www.bitgo.com |
Bitgo Holdings, Inc. operates as a digital asset infrastructure company in the United States and internationally. The company offers self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service to investors, builders, and other participants in the digital asset ecosystem. Its clients range from crypto-native companies that use its self-custody wallet technology to financial services firms, digital asset ecosystem companies, technology platforms, corporations, and government agencies, as well as high net worth individuals.
Bitgo Holdings, Inc. Fundamentals Summary
| BTGO fundamental statistics | |
|---|---|
| Market cap | US$909.80m |
| Earnings (TTM) | -US$95.75m |
| Revenue (TTM) | US$20.07b |
Is BTGO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BTGO income statement (TTM) | |
|---|---|
| Revenue | US$20.07b |
| Cost of Revenue | US$19.86b |
| Gross Profit | US$206.31m |
| Other Expenses | US$302.05m |
| Earnings | -US$95.75m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.81 |
| Gross Margin | 1.03% |
| Net Profit Margin | -0.48% |
| Debt/Equity Ratio | 103.8% |
How did BTGO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 00:28 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bitgo Holdings, Inc. is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Vafi | Canaccord Genuity |
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Peter Christiansen | Citigroup Inc |