BitGo Q2 2025 revenue hit $4.3B, up 80% YoY — but still posted a $19M net loss.
Why? Unrealized losses on their crypto holdings ~$18.8M (vs. $55.8M gain same quarter last year). But it's a massive improvement from Q1's $60.7M bloodbath.
Company approved $50M buyback after laying off 15% of staff in June.
Stock moved overnight — classic risk-on/risk-off signal for custodians holding bags in a volatile market.
Why? Unrealized losses on their crypto holdings ~$18.8M (vs. $55.8M gain same quarter last year). But it's a massive improvement from Q1's $60.7M bloodbath.
Company approved $50M buyback after laying off 15% of staff in June.
Stock moved overnight — classic risk-on/risk-off signal for custodians holding bags in a volatile market.