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← CockpitCompetitor Analysis › BTGO BitGo Holdings, Inc. Class AOpen in the cockpit ↗

BitGo Holdings, Inc. Class ABTGOCompetitor analysis, valuation and peers

United States · USD·Information Technology›Data Processing Services
Momentum laggard 12
Mkt cap
$571M
US dollars, full cap
Free float
54%
of shares outstanding
$/day
$5.53M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-27.1 pp
WACC 11.4%
Hurdle
n/a
no reverse DCF
Next earnings
3 days
9 Nov 2026
Close · USD$4.86
1D+2.1%
1W-8.5%
1M-32.3%
3M-3.4%
6M-61.3%
YTDn/a
1Yn/a
ATR %9.9%
52w lowhigh80.2% off high

What BitGo does

Employees: 603

BitGo at a glance

Size BitGo (BTGO) is a United States Information Technology company (Data Processing Services) with a market value of $571M, the 2601st largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.86 on 6 Nov 2026.

Performance Over six months the shares fell 61.3%, against -25.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 20 in its peer set.

Growth Revenue grew 424.2% over the last twelve months (peer median +0.5%); the operating margin is -0.7% (peer median 1.3%).

Valuation It trades at 0.0× enterprise value to sales against a peer median of 5.0× (cheapest of 20).

Capital Return on invested capital runs 27.1 points below its cost of capital (11.4% WACC).

Short interest Short interest is 3.8% of the free float (15 Oct 2026).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 73BTGO 37
Six months, rebased to 100: BitGo against the median of its 20 peers (local-currency closes).

BitGo financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$20.1B$16.2B$3.08B$926M$2.51B
Revenue growth—+424%+233%-63%—
Gross profit$200M$195M$127M$61.7M$66.2M
EBITDA-$135M-$9.95M$110M$1.04M$7.53B
Net income-$95.7M-$14.8M$54.1M-$2.12M$1.88B
Free cash flown/a-$47.7M-$105M-$53.4M-$82.5M
Capital expendituren/a$12.5M$2.08M$1.00M$994,000
Total debt$445M$359M$34.4M$2.97Mn/a

Quarterly statements and history in the cockpit →

BitGo competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-40%-20%0%2597301110WIITHAPPSTMNDSRXT301302300603HIVE3778PSIYEXTSHAZ688228WYFIABTC300895MKTWBTGO6-month return →1-month return →
Up and to the right = strong over both horizons. BitGo is the large dot.

Fundamentals: revenue growth against valuation

0%+1,000%+2,000%0×200×400×2597301110WYFIABTCBTGORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. BitGo is the large dot.

BitGo competitors and peer comparison

How BitGo compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

BitGo against its 20 peers (data as of 6 Nov 2026)
MeasureBTGOPeer medianRank in peer set
1-month return-32.3%-12.3%4th lowest of 21
6-month return-61.3%-25.9%2nd lowest of 20
Distance from 52-week high-80.2%-45.5%3rd lowest of 21
Revenue growth (TTM)+424.2%+0.5%2nd highest of 21
Operating margin-0.7%1.3%11th highest of 21
EV / Sales0.0×5.0×cheapest of 20
ROIC minus cost of capital-27.1 pp-8.6 pp2nd lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
BitGo BTGOUnited States$571M-61%+424%-1%0.0×n/an/a
Beijing Xunzhong Communication Technology 2597.HKHong Kong$586M+7%-1%10%5.1×n/an/a
Qingmu Tec 301110.SZChina$637M-32%+5%9%2.4×11.9%+16.9%
WIIT WIIT.MIItaly$638M-34%-2%16%6.0×23.9%+25.8%
Happiest Minds Technologies HAPPSTMNDS.NSIndia$506M-19%+12%15%1.9×11.4%+24.5%
Rackspace Technology RXTUnited States$645M-54%0%-2%1.4×35.0%-0.2%
Beijing Huaru Technology 301302.SZChina$506M-10%+52%-38%7.6×n/an/a
Leon Technology 300603.SZChina$501M-29%-19%-22%5.0×n/an/a
HIVE Digital Technologies HIVE.TOCanada$491M-36%+155%-44%1.9×n/an/a
SAKURA Internet 3778.TJapan$688M-13%+26%8%3.0×n/an/a
Pason Systems PSI.TOCanada$742M-10%-2%18%2.4×1.5%+21.8%
Yext YEXTUnited States$749M+88%-1%10%2.0×9.6%+4.7%
SharonAI SHAZUnited States$781M-59%+257%-894%n/an/an/a
Ucap Cloud Information Technology 688228.SSChina$786M-26%-39%-14%13.1×39.9%+6.8%
Infomaniak INFO.SWSwitzerland$414Mn/a+141%-2%9.0×n/an/a
WhiteFiber WYFIUnited States$402M-58%-94%-37%529.2×n/an/a
American Bitcoin ABTCUnited States$390M-70%+2,495%7%2.1×n/an/a
Claritev CTEVUnited States$385M-16%+6%4%5.1×n/an/a
Beijing Topnew Info & Tech 300895.SZChina$938M-27%+1%-25%23.4×54.6%-3.4%
MarketWise MKTWUnited States$339M+4%-11%9%0.2×n/an/a
Kairuide 002072.SZChina$335M-16%-20%-3%5.5×n/an/a

Questions

Which companies are BitGo's closest peers?
The cockpit's peer set: Beijing Xunzhong Communication Technology (2597.HK), Qingmu Tec (301110.SZ), WIIT (WIIT.MI), Happiest Minds Technologies (HAPPSTMNDS.NS), Rackspace Technology (RXT), Beijing Huaru Technology (301302.SZ), Leon Technology (300603.SZ), HIVE Digital Technologies (HIVE.TO).
Is BitGo expensive compared with its peers?
On ev / sales it trades at 0.0× against a peer median of 5.0×, cheapest of 20 in its peer set.
How has BitGo stock performed?
Over six months to 6 Nov 2026 the shares returned -61.3% against -25.9% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.