BTGO (BitGo Holdings) EBIT: $-47 Mil (TTM As of Mar. 2026)


BTGO BitGo Holdings Inc BTGO
13 GF Score
Price $5.11
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What is BitGo Holdings EBIT?

BitGo Holdings BTGO -0.39% 13 EBIT is $-47 Mil as of Mar. 2026. GuruFocus rates BTGO with a GF Score™ of 13/100.

BitGo Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BitGo Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -0.93%. BitGo Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -57.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BitGo Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.16%.

BitGo Holdings  (NYSE:BTGO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BitGo Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-55.544 * ( 1 - 15.31% )/( (4404.248 + 5698.427)/ 2 )
=-47.0402136/5051.3375
=-0.93 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4548.667 - 38.144 - ( 106.275 - max(0, 4226.141 - 4527.202+106.275))
=4404.248

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5892.241 - 7.216 - ( 186.598 - max(0, 5450.074 - 5870.899+186.598))
=5698.427

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

BitGo Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-262.488/( ( (19.526 + max(342.375, 0)) + (19.843 + max(533.737, 0)) )/ 2 )
=-262.488/( ( 361.901 + 553.58 )/ 2 )
=-262.488/457.7405
=-57.34 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.774 + 0 + 4197.724) - (38.144 + 12.384 + 3820.595)
=342.375

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.989 + 0 + 5469.915) - (7.216 + 12.223 + 4930.728)
=533.737

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

BitGo Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-46.987/910.976
=-5.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BitGo Holdings EBIT Related Terms

BitGo Holdings EBIT Historical Data

* Premium members only.

The historical data trend for BitGo Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BitGo Holdings EBIT Chart

BitGo Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EBIT
4,611.89 0.09 187.58 -12.68

BitGo Holdings Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial -31.31 54.70 31.56 -67.62 -65.62

BTGO vs AXG, GEMI, CSHR: EBIT Comparison

For the Capital Markets subindustry, BitGo Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitGo Holdings EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitGo Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BitGo Holdings's EV-to-EBIT falls into.


BTGO
13GF Score
BitGo Holdings Inc BTGO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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BitGo Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-47 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-47 Mil mean?
BitGo Holdings (BTGO) has a EBIT of $-47 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BitGo Holdings.
Is BitGo Holdings' EBIT too high?
BitGo Holdings' current EBIT is $-47 Mil. Overall, BitGo Holdings has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does BitGo Holdings' EBIT compare to AXG and GEMI?
BitGo Holdings' EBIT of $-47 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BitGo Holdings. BitGo Holdings's current EBIT is $-47 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BitGo Holdings stock overvalued right now?
BitGo Holdings (BTGO) has a current EBIT of $-47 Mil. The current EBIT is $-47 Mil. BitGo Holdings' overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For BitGo Holdings (BTGO), the current EBIT is $-47 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BitGo Holdings Business Description

Other Exchanges O7S:Germany
Address 101 S. Reid Street, Suite 307, PMB No. 9793, Sioux Falls, SD, USA, 57108
BitGo Holdings Inc provides various offerings to its clients including multi-signature blockchain wallet solutions allowing for secure storage, trade settlement, staking solutions, and lending of digital assets. The Company also provides professional services to develop smart contracts. Its clients range from crypto-native companies that use its self-custody wallet technology to traditional financial services firms that leverage its licensed custody, staking and trading capabilities within their own products and services.
13GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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