BTGO
BitGo Holdings, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Last price
6.90
▲ 0.30 (4.55%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
6.77
Prev close
6.60
Day high
7.20
Day low
6.66
Volume
2.44M
Market cap
$804.01M
P/E (TTM)
—
52W range
4.65 – 24.50
Day trading desk
Gap from prior close
+2.58%
Prior close 6.60
VWAP
6.91
-0.10% from price
Relative volume
6.46×
Unusually busy
Session range
8.18%
6.66 – 7.20
Position in range
44%
Mid range
ATR (14D)
0.42
6.11% of price
Prior day high
6.67
PDH
Prior day low
6.38
PDL
Bid / ask spread
—
Quote not published
Session volume
10.40M
Avg 1.61M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+18.75%
+20.1%
1M
+35.18%
+31.4%
3M
-11.86%
-15.0%
6M
-34.92%
-46.0%
YTD
-62.00%
-74.3%
1Y
—
-20.0%
3Y
—
-74.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BTGO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+51.11K
Net buying
Buy transactions
7
99.57K shares
Sell transactions
7
48.46K shares
Net transactions
+14
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
10.31M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 7, 26 | REGINELLI EDWARD Chief Financial Officer |
SELL | 91 | $456 | Direct |
| Aug 7, 26 | FANG CHEN Officer and Director |
SELL | 234 | $1.17K | Direct |
| Aug 7, 26 | METTLER JODY Chief Operating Officer |
SELL | 97 | $486 | Direct |
| Jul 24, 26 | REGINELLI EDWARD Chief Financial Officer |
SELL | 9.02K | $44.10K | Direct |
| Jul 24, 26 | BELSHE MICHAEL A. Chief Executive Officer |
SELL | 38.69K | $189.15K | Direct |
| Jul 22, 26 | HOROWITZ JEFF PETER Officer |
CONVERSION | 261 | $1.40K | Direct |
| Jul 8, 26 | REGINELLI EDWARD Chief Financial Officer |
SELL | 185 | $933 | Direct |
| Jul 8, 26 | METTLER JODY Chief Operating Officer |
SELL | 145 | $733 | Direct |
| May 22, 26 | HOROWITZ JEFF PETER Officer |
CONVERSION | 521 | $3.61K | Direct |
| Mar 30, 26 | REGINELLI EDWARD Chief Financial Officer |
STOCK | 52.96K | $0 | Direct |
| Mar 30, 26 | FANG CHEN Officer and Director |
STOCK | 2.00K | $0 | Direct |
| Mar 30, 26 | FANG CHEN Officer and Director |
STOCK | 21.67K | $0 | Direct |
| Mar 30, 26 | METTLER JODY Chief Operating Officer |
STOCK | 13.83K | $0 | Direct |
| Mar 30, 26 | HOROWITZ JEFF PETER Officer |
STOCK | 8.33K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BELSHE MICHAEL A. |
Chief Executive Officer | 798.46K | Sale |
BROOKS BRIAN P |
Director | 86.00K | Stock Award(Grant) |
EVANS JUSTIN |
Director | 36.00K | Stock Award(Grant) |
FANG CHEN |
Officer and Director | 1.26M | Stock Award(Grant) |
METTLER JODY |
Chief Operating Officer | 38.47K | Sale |
MURRAY BRIAN |
Director | 3.11K | Conversion of Exercise of derivative security |
PARASURAMAN SUNITA |
Director | 36.00K | Stock Award(Grant) |
REDPOINT VENTURES V LP |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
REGINELLI EDWARD |
Chief Financial Officer | 582.49K | Sale |
VALOR DIGITAL INVESTMENTS, LLC |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
Fundamentals
Market cap$804.01M
Enterprise value$1.09B
Revenue (TTM)$20.07B
Gross profit$206.31M
EBITDA$-4.72M
Net income$-95.75M
EPS (TTM)$-0.91
Free cash flow$-348.94M
Total cash$158.96M
Total debt$444.98M
Book value / share$3.60
Shares outstanding108.69M
Float68.86M
Short % of float3.95%
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E26.79
PEG ratio—
Price / sales—
Price / book1.90
EV / revenue0.05
EV / EBITDA-231.19
Gross margin1.03%
Operating margin-0.24%
Profit margin-0.53%
Return on equity-27.94%
Return on assets-0.15%
Debt / equity105.18
Current ratio1.07
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $16.15B | — | — | — | — |
| Operating revenue | $16.15B | — | — | — | — |
| Cost of revenue | $15.99B | — | — | — | — |
| Gross profit | $158.93M | — | — | — | — |
| Selling, general & admin | $75.99M | — | — | — | — |
| Total operating expense | $144.01M | — | — | — | — |
| Operating income | $14.92M | — | — | — | — |
| Net interest income | -$10.85M | — | — | — | — |
| Pre-tax income | -$23.52M | — | — | — | — |
| Tax provision | -$8.74M | — | — | — | — |
| Net income | -$14.78M | $156.55M | — | $4.61B | -109.4% |
| Net income to common | -$14.78M | — | — | — | — |
| Basic EPS | -0.13 | 0.47 | -0.02 | 16.24 | -127.3% |
| Diluted EPS | -0.13 | 0.47 | -0.02 | 16.24 | -127.3% |
| EBIT | -$12.68M | — | — | — | — |
| EBITDA | -$8.65M | — | — | — | — |
| Basic shares | 115.60M | 115.60M | 115.60M | 115.60M | 0.0% |
| Diluted shares | 115.60M | 115.60M | 115.60M | 115.60M | 0.0% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $106.28M | — | — | — |
| Cash & short-term investments | $106.28M | — | — | — |
| Accounts receivable | $15.77M | — | — | — |
| Total current assets | $4.53B | — | — | — |
| Property, plant & equipment | $19.53M | $6.34M | — | +208.2% |
| Goodwill & intangibles | $1.23M | $3.72M | — | -67.1% |
| Total assets | $4.55B | — | — | — |
| Total current liabilities | $4.23B | — | — | — |
| Current debt | $352.54M | — | — | — |
| Total debt | $359.00M | — | — | — |
| Total liabilities | $4.23B | — | — | — |
| Retained earnings | $62.10M | — | — | — |
| Shareholder equity | $316.60M | — | — | — |
| Working capital | $301.06M | — | — | — |
| Net tangible assets | $315.37M | $322.72M | — | -2.3% |
| Shares issued | 115.60M | 115.57M | 115.57M | +0.0% |
| Line item | 2025 | YoY |
|---|---|---|
| Net income | -$14.78M | |
| Depreciation & amortisation | $4.03M | |
| Stock-based compensation | $3.39M | |
| Change in working capital | $45.97M | |
| Operating cash flow | $29.97M | |
| Capital expenditure | -$25.16M | |
| Investing cash flow | -$114.33M | |
| Share buybacks | $0 | |
| Financing cash flow | $3.42B | |
| Free cash flow | $4.81M | |
| End cash position | $3.42B |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $3.77B | $6.16B | $5.81B | $2.41B | $1.77B | -38.7% |
| Operating revenue | $3.77B | $6.16B | $5.81B | $2.41B | $1.77B | -38.7% |
| Cost of revenue | $3.73B | $6.10B | $5.76B | $2.38B | $1.75B | -38.8% |
| Gross profit | $43.48M | $57.07M | $50.22M | $31.19M | $20.45M | -23.8% |
| Selling, general & admin | $20.30M | $24.00M | $18.96M | $17.48M | $15.55M | -15.4% |
| Total operating expense | $57.37M | $50.39M | $43.60M | $33.60M | $16.41M | +13.8% |
| Operating income | -$13.89M | $6.68M | $6.62M | -$2.41M | $4.03M | -308.0% |
| Net interest income | -$6.02M | -$5.17M | -$2.74M | -$1.25M | -$1.69M | -16.3% |
| Pre-tax income | -$71.64M | -$72.80M | $28.82M | $53.45M | -$32.99M | +1.6% |
| Tax provision | -$10.97M | -$22.76M | $6.15M | $15.13M | -$7.26M | +51.8% |
| Net income | -$60.67M | -$50.03M | $22.67M | $38.31M | -$25.73M | -21.3% |
| Net income to common | -$60.67M | -$22.89M | $6.84M | $27.00M | -$25.73M | -165.1% |
| Basic EPS | -0.62 | -0.43 | — | — | -0.22 | -43.2% |
| Diluted EPS | -0.62 | -0.43 | — | — | -0.22 | -43.2% |
| EBIT | -$65.62M | -$67.62M | $31.56M | $54.70M | -$31.31M | +3.0% |
| EBITDA | -$63.90M | -$66.35M | $32.57M | $55.57M | -$30.44M | +3.7% |
| Basic shares | 98.41M | 115.60M | — | — | 115.60M | -14.9% |
| Diluted shares | 98.41M | 115.60M | — | — | 115.60M | -14.9% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $186.60M | $106.28M | $248.63M | — | — | +75.6% |
| Cash & short-term investments | $186.60M | $106.28M | $248.63M | — | — | +75.6% |
| Accounts receivable | $13.99M | $15.77M | $19.65M | — | — | -11.3% |
| Total current assets | $5.87B | $4.53B | $4.33B | — | — | +29.7% |
| Property, plant & equipment | $19.84M | $19.53M | $10.24M | — | $6.34M | +1.6% |
| Goodwill & intangibles | $773.00K | $1.23M | — | — | $3.72M | -36.9% |
| Total assets | $5.89B | $4.55B | $4.35B | — | — | +29.5% |
| Total current liabilities | $5.45B | $4.23B | $3.81B | — | — | +29.0% |
| Current debt | $497.37M | $352.54M | $333.45M | — | — | +41.1% |
| Total debt | $503.23M | $359.00M | $340.90M | — | — | +40.2% |
| Total liabilities | $5.45B | $4.23B | $3.81B | — | — | +28.9% |
| Retained earnings | $1.43M | $62.10M | $107.42M | — | — | -97.7% |
| Shareholder equity | $437.05M | $316.60M | $535.75M | — | — | +38.0% |
| Working capital | $420.82M | $301.06M | $524.66M | — | — | +39.8% |
| Net tangible assets | $436.28M | $315.37M | $535.75M | — | $322.72M | +38.3% |
| Shares issued | 115.67M | 115.60M | 115.57M | 115.57M | 115.57M | +0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$60.67M | -$50.03M | $22.67M | $38.31M | -$25.73M | — | -21.3% |
| Depreciation & amortisation | $1.73M | $1.28M | $1.01M | $875.00K | $866.00K | — | +35.2% |
| Stock-based compensation | $11.25M | $768.00K | $823.00K | $848.00K | $950.00K | — | +1,364.6% |
| Change in working capital | -$25.52M | -$35.72M | $43.26M | $21.88M | $16.55M | — | +28.6% |
| Operating cash flow | -$29.48M | $26.35M | $11.68M | -$16.27M | $8.22M | — | -211.9% |
| Capital expenditure | -$17.12M | -$17.89M | -$2.21M | -$2.40M | -$2.66M | — | +4.3% |
| Investing cash flow | -$11.34M | -$31.29M | -$43.26M | -$38.85M | -$926.00K | — | +63.8% |
| Share buybacks | — | $0 | $0 | — | — | $0 | — |
| Financing cash flow | $1.20B | $658.85M | $534.48M | $2.20B | $19.76M | — | +82.2% |
| Free cash flow | -$46.60M | $8.46M | $9.47M | -$18.67M | $5.55M | — | -651.0% |
| End cash position | $4.58B | $3.42B | $2.77B | $2.26B | $114.48M | — | +33.9% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
0.21
Positioning, not flow
Max pain
5.00
-26.9% from spot
ATM implied vol
87.5%
Nearest strike to spot
Skew (10% OTM)
+51.6%
Puts bid over calls
Call volume
272
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
7.50
614 contracts
Heaviest put OI
5.00
173 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.07 | -0.03 | +49.8% |
| Mar 2026 | -0.10 | -0.13 | -30.6% |
| Dec 2025 | -0.42 | 0.07 | +117.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.04 | 2 | $4.39B | — |
| Next quarter | -0.01 | 2 | $4.68B | -24.0% |
| Current year | -0.08 | 3 | $17.14B | +6.1% |
| Next year | 0.26 | 4 | $21.00B | +22.5% |
Analyst targets & ownership
Mean target$10.15
High target$15.00
Low target$5.75
Implied upside47.04%
Analyst count12
ConsensusSTRONG BUY
Strong buy / Buy0 / 10
Hold2
Sell / Strong sell0 / 0
Held by insiders8.77%
Held by institutions43.45%
Institutions holding81
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
5.69
+21.27% from price
SMA 20
5.34
+28.19% from price
SMA 50
5.28
+29.64% from price
SMA 100
7.11
-2.91% from price
SMA 200
—
—
EMA 12
5.79
+19.14% from price
EMA 26
5.52
+25.11% from price
EMA 50
5.78
+19.45% from price
RSI (14)
70.5
Overbought
MACD (12,26,9)
0.28
Hist 0.21
ATR (14)
0.42
6.16% of price
Realised vol 30D
84.7%
Annualised
Bollinger upper
6.50
20, 2σ
Bollinger lower
4.18
20, 2σ
50 / 200 cross
—
—
Trend bias
—
—
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
3.47
More volatile than market
Correlation to SPY
0.47
Loosely linked
Realised vol 30D
84.7%
Annualised
Market vol 1Y
13.8%
SPY, annualised
Max drawdown 1Y
-74.6%
Peak to trough
Max drawdown 5Y
-74.6%
Peak to trough
ATR 14
0.42
6.16% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
3.18M
Prior 3.68M
Change vs prior
-13.7%
Shorts covering
% of float
3.95%
Normal
% of shares out
2.74%
Against total outstanding
Days to cover
3.7
Liquid
Float
68.86M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 21, 26 | Canaccord Genuity | MAINTAINED | Buy | Buy |
| Aug 17, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Aug 14, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Aug 14, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Aug 13, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Aug 13, 26 | Wedbush | MAINTAINED | Outperform | Outperform |
| Aug 13, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| May 14, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Apr 1, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Mar 27, 26 | Goldman Sachs | MAINTAINED | Neutral | Neutral |
| Mar 27, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Mar 27, 26 | Wedbush | MAINTAINED | Outperform | Outperform |
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-12
Corporate Changes & Voting Matters
8-K · 2026-06-25
Corporate Changes & Voting Matters
8-K · 2026-06-22
Corporate Changes & Voting Matters
8-K · 2026-06-17
Periodic Financial Reports
10-Q · 2026-05-14
Corporate Changes & Voting Matters
8-K · 2026-05-13
Corporate Changes & Voting Matters
8-K · 2026-04-06
Periodic Financial Reports
10-K · 2026-03-27
Headlines
BitGo Secures South Korea Virtual Asset License
CryptoProwl · 3d ago
World Liberty Gets Conditional OCC Approval to Issue USD1 Through National Trust Bank
CryptoProwl · 9d ago
Exclusive: BitGo says institutional conversations are shifting to tokenization
Investing.com · 10d ago
Wedbush Adjusts Price Target on BitGo to $8 From $15, Keeps Outperform Rating
MT Newswires · 10d ago
Deutsche Bank Adjusts BitGo PT to $8 From $10, Maintains Buy Rating
MT Newswires · 10d ago
BTGO Q2 Earnings Call Highlights
MarketBeat · 11d ago
BitGo Posts Q2 Loss; Revenue Rises
MT Newswires · 11d ago
Spotex Partners with BitGo to Deliver Regulated Custody and Prime Brokerage for Institutional Digital Asset Trading
GlobeNewswire · 18d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.