Slide 1: BitGo 2Q 2026 Investor Presentation Earnings Update
BitGo BitGo 2QPresentation Investor 2026 Earnings Update June 2026 NYSE: BTGO NYSE: BTGO ©2026 BitGo. All rights reserved. Confidential not for distribution. No legal, tax, investment, or other advice is provided by any BitGo entity. Digital asset holdings involve a high degree of risk, and can fluctu
Slide 2: Disclaimers
Disclaimers Q2'26 Earnings · NYSE BTGO Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation other than statements of historical fact, including state
Slide 3: Q2 2026 Financial Results
Q2 2026 Financial Results Q2'26 Earnings · NYSE BTGO $4,329M $4,287M $(19.0)M $(4.2)M Total Revenue Direct Costs1 Net Income Adjusted EBITDA Increased 79.6% YoY Increased 80.8% YoY Compared to net gain of $38.3M in Compared to gain of $3.0M in Increased 14.7% QoQ Increased 15.1% QoQ Q2’25 and net l
Slide 4: Strengthening the Platform
Strengthening the Platform Q2'26 Earnings · NYSE BTGO Operational Growth Operational Discipline Key Achievements $65.2B $11.9B • ~$15M of annualized cash savings from organizational Assets on Platform Assets Staked optimization and additional efficiency initiatives Normalized AoP1 +31.4% YoY and Norm
Slide 5: The Digital Asset Infrastructure Opportunity Continues to Expand
The Digital Asset Infrastructure Q2'26 Earnings · NYSE BTGO Opportunity Continues to Expand DRIVERS KEY INDICATOR ● US Clarity: GENIUS Act, CLARITY Act, SEC/CFTC rulemaking, OCC expanding bank charters Regulatory Momentum ● EU Clarity: MiCA fully operational across the EU ● …leading to adoption at
Slide 6: BitGo is at the Center of Demand for Regulated Infrastructure
BitGo is at the Center of Demand Q2'26 Earnings · NYSE BTGO for Regulated Infrastructure Three major markets are converging on the same institutional infrastructure layer. Tokenized Capital Markets Issuance, collateral and settlement moving on-chain Banking & ✓ Secure custody Stablecoins ✓ Complian
Slide 7: Next-Generation Platform Innovations
Next-Generation Platform Innovations Q2'26 Earnings · NYSE BTGO Tokenized Equities Quantum-Resistant Wallets ● Beneficial ownership under the same legal framework as a ● Quantum-resistant wallet capabilities available today brokerage account – and never synthetic exposure ● Designed to address emerg
Slide 8: BitGo Bitcoin Wallets: Quantum Resistant Today
BitGo Bitcoin Wallets: Quantum Resistant Today Q2'26 Earnings · NYSE BTGO As an institutional digital asset provider, BitGo is investing in quantum resilient infrastructure to meet cryptographic standards for clients. ● Identify exposed Bitcoin UTXOs with BitGo’s Quantum Resistance Score. ● Remedia
Slide 9: How the Platform Creates Long-term Value
How the Platform Creates Long-term Value Q2'26 Earnings · NYSE BTGO 01 Platform Advantage 02 Establish Trust 03 Expand Client Workflows 04 Generate Long-term Value Regulatory Higher revenue infrastructure per client Trading Financing Settlement Technology Higher & innovation retention Qualified Insti
Slide 10: Financial Highlights
Q2'26 Earnings · NYSE BTGO Financial Highlights
Slide 11: Q2 2026 Financial Metrics
Q2 2026 Financial Metrics Q2'26 Earnings · NYSE BTGO Financial Metrics ($ in millions, unless otherwise stated; unaudited) Metric Q2 2026 Q2 2025 YoY Q1 2026 QoQ Total Revenue $4,329.4 $2,410.5 79.6% $3,773.6 14.7% Direct Costs(1) $4,286.9 $2,371.0 80.8% $3,724.6 15.1% Net Income/ (Loss) ($19.0) $3
Slide 12: Detailed Business Line Review
1 Detailed Business Line Review Q2'26 Earnings · NYSE BTGO ($ in millions, unless otherwise stated; unaudited) Line Digital Asset Sales Staking Subscriptions & Services Stablecoin-as-a-Service Q2 2026 • Revenue: $4,197.5 • Revenue: $64.7 • Revenue: $27.5 • Revenue: $38.8 Results • Direct Costs: $4,
Slide 13: Q2 2026 Operational Expenses
Q2 2026 Operational Expenses Q2'26 Earnings · NYSE BTGO Operational Expenses ($ in millions, unless otherwise stated; unaudited) Metric Q2 2026 Q2 2025 YoY Q1 2026 QoQ Interest Expense $5.8 $1.3 366.9% $6.0 (2.9)% Compensation and Benefits 29.5 23.5 25.6% 40.8 (27.6)% General and Administrative Expe
Slide 14: Capital Structure Supports Financial Flexibility
Capital Structure Supports Financial Flexibility Q2'26 Earnings · NYSE BTGO Balance Sheet Capital Structure $159.0M Cash and cash equivalents1 $50M 12-15% 2,523 BTC Authorized share buyback Insider Ownership3 BitGo-owned Bitcoin4 $0 As of May 15, 2026 all lock-up shares have been released. Corporat
Slide 15: Q3 2026 Outlook
Q3 2026 Outlook Q2'26 Earnings · NYSE BTGO Digital asset market conditions remain challenging entering the quarter; Outlook assumes that market activity and digital asset prices remain broadly consistent with recent levels Q3 2026 Outlook Digital Asset Sales • Expect reported revenue to be relative
Slide 16: Thank you
Q2'26 Earnings · NYSE BTGO Thank you Contact us → investors@bitgo.com
Slide 17: Appendix
Q2'26 Earnings · NYSE BTGO Appendix
Slide 18: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Q2'26 Earnings · NYSE BTGO (unaudited, in thousands, except share data) As of June 30, 2026 December 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 158,963 $ 106,275 Cash and cash equivalents segregated for the benefit of stablecoin holders - restr
Slide 19: Condensed Consolidated Balance Sheets (cont'd)
Condensed Consolidated Balance Sheets (cont’d) Q2'26 Earnings · NYSE BTGO (unaudited, in thousands, except share data) As of June 30, 2026 December 31, 2025 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 9,347 $ 9,955 Deferred revenue, current 4,507 4,710 Deposits from
Slide 20: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations Q2'26 Earnings · NYSE BTGO (unaudited, in thousands, except share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue Total revenue $ 4,329,395 $ 2,410,462 $ 8,102,968 $ 4,185,126 Expenses Digital assets sales cost
Slide 21: Condensed Consolidated Statements of Operations (cont'd)
Condensed Consolidated Statements of Operations (cont’d) Q2'26 Earnings · NYSE BTGO (unaudited, in thousands, except share data) Three Months Ended June 30, Six Months Ended June 30, Net income (loss) attributable to common stockholders, of which: $ (19,025) $ 13,453 $ (79,698) $ 1,267 Basic - Clas
Slide 22: Q2 2026 Adjusted EBITDA Reconciliation
Q2 2026 Adjusted EBITDA Reconciliation Q2'26 Earnings · NYSE BTGO ($ in thousands, unless otherwise stated; unaudited) Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 Net income (loss) $(19,025) $38,315 Provision for (benefit from) income taxes (11,677) 15,132 Depreciation and amor
Slide 23: Q2 2026 Business Line Metrics
Q2 2026 Business Line Metrics Q2'26 Earnings · NYSE BTGO ($ in millions, unless otherwise stated; unaudited) Offerings Q2 2026 Revenue Q2 2026 Direct Costs(1) Unit Economics Digital Asset Sales $4,197.5 $4,190.4 Margin: 17 bps Staking 64.7 60.8 Take Rate: 6.0% Subscriptions and Services 27.5 — — Sta
Slide 24: Q2 2026 Operating Metrics
Q2 2026 Operating Metrics Q2'26 Earnings · NYSE BTGO Key Performance Indicators (“KPIs”) (KPIs reflect client activity and assets on the BitGo platform) KPIs Q2 2026 Q2 2025 YoY Q1 2026 QoQ Number of Clients 5,833 4,621 26.2% 5,569 4.7% Number of Users (in millions) 1.2 1.1 6.1% 1.2 1.3% Assets on P