Bitgo Holdings (BTGO) FY2024 results: revenue $3.1 billion, up 232.6% on the year
Bitgo Holdings, Inc. (BTGO) reported revenue of $3.1 billion for fiscal 2024, the year ended 31 December 2024, up 232.6% on the year before. Net income was $157 million, and diluted earnings per share $0.90. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
| $ million | FY2024 | FY2023 | FY2022 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 3,081 | 926 | 2,511 | +232.6% | |
| Operating income | -7.0 | -36.6 | -74.3 | ||
| Operating margin | -0.2% | -4.0% | -3.0% | ||
| Pre-tax income | 186 | -1.3 | 4,606 | ||
| Net income | 157 | -2.1 | 4,605 | ||
| Net margin | 5.1% | -0.2% | 183.4% | ||
| Diluted EPS | $0.90 | -$0.06 | $39.54 |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | FY2024 | FY2023 | FY2022 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 10.7 | -51.1 | -25.1 | ||
| Depreciation and amortisation | 3.2 | 1.1 | 3.0 | +182.4% | |
| Share-based compensation | 2.7 | 0.9 | 1.1 | +206.9% | |
| Diluted shares, weighted | 52m | 30m | 39m | +71.8% |
Balance sheet
| $ million | FY2024 | FY2023 | FY2022 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 329 | 137 | n/a | +140.4% | |
| Short-term borrowings | 30.0 | n/a | n/a | ||
| Other liabilities | 324 | 6,787 | n/a | -95.2% | |
| Cash and equivalents | 87.4 | 46.2 | n/a | +89.3% | |
| Total assets | 683 | 6,924 | n/a | -90.1% |
10-K for the year ended 31 December 2024, filed 27 March 2026: the filing.