BTGO
BitGo Holdings, Inc.Financial Services·Financial - Capital Markets
$6.01
$256M market cap
Revenue
$9.9B
Free Cash Flow
$-18.8M
Rev Growth
+0.0%
FCF Margin
-0.2%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Bitgo Holdings, Inc. operates as a digital asset infrastructure company that allows institutional clients to secure, manage, utilize, and create digital assets through its technology platform. The company, through its platform, 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
2-Year Price History
$6.93-52.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 3,774 | -63.9 | -67.6 | -60.7 | -33.4 | -35.7 | -2.3 | 4,579 | 5.9 | 98.4 | -98.8% | -10.6x | -- |
| Act | 2025-Q4 | 6,157 | -66.4 | 6.7 | -50.0 | 24.9 | 16.9 | -5.5 | 3,420 | 359.0 | 115.5 | 5.8% | -12.8x | -- |
Valuation & Metrics
Market Stats
Price$6.01
Market Cap$256M
Enterprise Value$-4.3B
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)-0.2%
FCF Yield-7.3%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$9.9B
Net Income$-110.7M
Free Cash Flow$-18.8M
Revenue Growth (YoY)+0.0%
EBITDA Margin-1.3%
Net Margin-1.1%
FCF Margin-0.2%
CapEx % of Revenue0.1%
SBC % of Revenue0.0%
ROIC-46.5%
WC Change % Rev0.0%
Interest Coverage-11.6x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares2.5M
Days to Cover5.2
Change (vs Prior)-4.1%
Need at least 2 settlement dates for chart
Employees
Headcount566
Revenue / Employee$17,544,367
Gross Profit / Employee$181,210
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
86.1%
46 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
2.5%
7 filers
Vanguard, iShares, SPDR
Market makers
0.2%
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
Not enough quarterly ownership history to chart yet.
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Valor Management LLC | $103M | $8.23 | +$103M | +$103M | — | $181M |
| Redpoint Management, LLC | $88.5M | $8.23 | +$88.5M | +$88.5M | — | $201M |
| Pantera Capital Partners LP | $27.3M | $8.23 | +$27.3M | +$27.3M | — | $158M |
| GOLDMAN SACHS GROUP INC | $17.4M | $8.23 | +$17.4M | +$17.4M | — | $760.93B |
| Jump Financial, LLC | $12.9M | $8.23 | +$12.9M | +$12.9M | — | $6.09B |
| Tidal Investments LLC | $9.5M | $8.23 | +$9.5M | +$9.5M | — | $32.04B |
| a16z Capital Management, L.L.C. | $5.5M | $8.23 | +$5.5M | +$5.5M | — | $1.29B |
| Alpine Global Management, LLC | $4.0M | $8.23 | +$4.0M | +$4.0M | — | $566M |
| BlackRock, Inc.Passive | $2.9M | $8.23 | +$2.9M | +$2.9M | — | $5.69T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $2.8M | $8.23 | +$2.8M | +$2.8M | — | $1.61T |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $2.7M | $8.23 | +$2.7M | +$2.7M | — | $60.08B |
| BAIN CAPITAL VENTURE INVESTORS, LLC | $1.7M | $8.23 | +$1.7M | +$1.7M | — | $175M |
| Intesa Sanpaolo S.p.A. | $1.4M | $8.23 | +$1.4M | +$1.4M | — | $1.60B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.4M | $8.23 | +$1.4M | +$1.4M | — | $4.04T |
| Monashee Investment Management LLC | $1.2M | $8.23 | +$1.2M | +$1.2M | — | $174M |
| UBS Group AG | $1.0M | $8.23 | +$1.0M | +$1.0M | — | $562.11B |
| Ghisallo Capital Management LLC | $658K | $8.23 | +$658K | +$658K | — | $2.56B |
| MILLENNIUM MANAGEMENT LLC | $625K | $8.23 | +$625K | +$625K | — | $127.40B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $546K | $8.23 | +$546K | +$546K | — | $645.81B |
| LMR Partners LLP | $528K | $8.23 | +$528K | +$528K | — | $8.84B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-4.56%
avg per quarter
Holders (ex-self)
—
excl. this stock
Buyers (this Q)
-4.56%
55 buyers · $0.29B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 99% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-8.7%
how holders react when this stock falls
On quiet Qs
-1.4%
−10% to +10% baseline
On rallies (+10%+)
-7.8%
how they react when this stock rises
Holders' portfolio flow this Q
+93.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
New buyers this quarter
Valor Management LLC+$0.10BRedpoint Management, LLC+$0.09BPantera Capital Partners LP+$0.03BGOLDMAN SACHS GROUP INC+$0.02BJump Financial, LLC+$0.01BTidal Investments LLC+$0.01Ba16z Capital Management, L.L.C.+$0.01BAlpine Global Management, LLC+$0.00BBlackRock, Inc.+$0.00BGEODE CAPITAL MANAGEMENT, LLC+$0.00B
Top-5 holders · 85.5%
Valor Management LLC--
Redpoint Management, LLC--
Pantera Capital Partners LP--
GOLDMAN SACHS GROUP INC--
Jump Financial, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
Not enough holder history to plot.
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (4 analysts)$14.1313510.0%
Last Year (13 analysts)$15.2315340.0%
Current Price$6.01
Analyst Ratings
6
1
Buy: 6Hold: 1Consensus: Buy
Corporate
Order Flow (FINRA, ~3w lag)
29.4%retail+0.8pp
17.4%dark-1.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.