According to CoinMeta, the financial report released by BitGo on August 12 showed that revenue in the second quarter of 2026 reached $4.3 billion, a year-on-year increase of 79.6%. Despite the revenue growth, BitGo still recorded a net loss of $19 million, which is a decrease from the net income of $38.3 million in the same period last year. The company pointed out in the report that the expansion of digital asset sales and stablecoin business was the main driver of revenue growth. BitGo also laid off 15% of its employees this quarter, continues to face weaknesses in internal control, and will see a change in its chief financial officer.