BTGO (BitGo Holdings) Operating Margin %: -0.37% (As of Mar. 2026)


BTGO BitGo Holdings Inc BTGO
13 GF Score
Price $5.11
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What is BitGo Holdings Operating Margin %?

BitGo Holdings BTGO -0.39% 13 Operating Margin % is -0.37% as of Mar. 2026. GuruFocus rates BTGO with a GF Score™ of 13/100. Among 667 Capital Markets companies, BitGo Holdings ranks worse than 62.82% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. BitGo Holdings's Operating Income for the three months ended in Mar. 2026 was $-14 Mil. BitGo Holdings's Revenue for the three months ended in Mar. 2026 was $3,774 Mil. Therefore, BitGo Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was -0.37%.

The historical rank and industry rank for BitGo Holdings's Operating Margin % or its related term are showing as below:

BTGO' s Operating Margin % Range Over the Past 10 Years
Min: -3.8   Med: -1.44   Max: 0.09
Current: -0.02


BTGO's Operating Margin % is ranked worse than
62.82% of 667 companies
in the Capital Markets industry
Industry Median: 7.13 vs BTGO: -0.02

BitGo Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

BitGo Holdings's Operating Income for the three months ended in Mar. 2026 was $-14 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-3 Mil.


BitGo Holdings  (NYSE:BTGO) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


BitGo Holdings Operating Margin % Related Terms


BitGo Holdings Operating Margin % Historical Data

* Premium members only.

The historical data trend for BitGo Holdings's Operating Margin % 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 Operating Margin % Chart

BitGo Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Margin %
-2.71 -3.80 -0.17 0.09

BitGo Holdings Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial 0.23 -0.10 0.11 0.11 -0.37

BTGO vs AXG, GEMI, CSHR: Operating Margin % Comparison

For the Capital Markets subindustry, BitGo Holdings's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitGo Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where BitGo Holdings's Operating Margin % falls into.


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

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

BitGo Holdings's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=14.924 / 16152.121
=0.09 %

BitGo Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-13.886 / 3773.573
=-0.37 %

* 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 Operating Margin % →
What does a Operating Margin % of -0.37% mean?
BitGo Holdings (BTGO) has a Operating Margin % of -0.37% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on BitGo Holdings and its competitors. According to the industry distribution chart, BitGo Holdings ranks #419 out of 667 companies in the Capital Markets industry, placing it in the top 62.8%.
Is BitGo Holdings' Operating Margin % too high?
BitGo Holdings' current Operating Margin % is -0.37%. Based on the distribution chart, BitGo Holdings ranks #419 out of 667 companies in the Capital Markets industry, which is below the industry midpoint. Overall, BitGo Holdings has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does BitGo Holdings' Operating Margin % compare to AXG and GEMI?
According to the Capital Markets industry distribution chart, BitGo Holdings ranks #419 out of 667 companies for Operating Margin %. This places BitGo Holdings in the lower half of its industry. The industry median Operating Margin % is 7.13. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.13, based on 667 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on BitGo Holdings and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BitGo Holdings's current Operating Margin % is -0.37%. 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 Operating Margin % of -0.37%. The current Operating Margin % is -0.37%. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For BitGo Holdings (BTGO), the current Operating Margin % is -0.37% 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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