BitGo Holdings, Inc. (BTGO) Key Metrics
BTGO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $691.2M
- Enterprise value
- $1.26B
- P/E (TTM)
- —
- Forward P/E
- 41.3
- PEG ratio
- —
- Price / sales
- 0.0
- Price / book
- 2.3
- EV / EBITDA
- 5.4
- Dividend yield
- —
- Beta
- —
BTGO key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBTGO returns How much profit the business earns on the capital it uses.
BTGO per-share figures Results divided by the shares outstanding at year-end.
BTGO financial health Debt, liquidity and how easily interest is covered.
BTGO efficiency & capital use Working capital cycle and where the cash goes.
BTGO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTGO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTGO key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Per share | |||
| Revenue per share | $139.89 | $26.65 | $24.44 |
| Earnings per share | −$0.13 | $1.35 | −$0.06 |
| Operating cash flow per share | $0.26 | $0.09 | −$1.35 |
| Free cash flow per share | $0.04 | $0.07 | −$1.36 |
| Cash per share | $0.92 | $0.76 | $1.22 |
| Book value per share | $2.74 | $2.82 | $3.61 |
| Tangible book value per share | $2.48 | $2.79 | $3.61 |
| Capex per share | $0.22 | $0.02 | $0.01 |
| Debt per share | $0.06 | $0.30 | $0.08 |
| Shares outstanding | 115.5M | 115.6M | 37.9M |
| Change in shares outstanding | −0.1% | +205.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | −4.6% | 67.6% | −1.5% |
| Return on invested capital (ROIC) | −4.5% | 48.9% | −30.9% |
| Return on assets (ROA) | −0.6% | 4.1% | −0.0% |
| Return on tangible assets | −0.3% | 23.0% | −0.0% |
| Free cash flow margin | 0.0% | 0.3% | −5.6% |
| Income quality (OCF / net income) | — | 0.07 | — |
| Financial health | |||
| Total debt | $6.5M | $34.4M | $3.0M |
| Cash & short-term investments | $106.3M | $87.4M | $46.2M |
| Net debt | −$99.8M | −$53.1M | −$43.2M |
| Debt / equity | 0.02 | 0.11 | 0.02 |
| Debt / assets | 0.00 | 0.05 | 0.00 |
| Net debt / EBITDA | — | −0.28 | — |
| Current ratio | 1.07 | 1.91 | 1.02 |
| Quick ratio | 1.07 | 1.91 | 1.02 |
| Interest coverage | -1.3 | 65.4 | -26.8 |
| Working capital | $301.1M | $321.2M | $131.0M |
| Invested capital | $216.8M | $273.4M | $93.6M |
| Tangible asset value | $287.8M | $325.1M | $136.8M |
| Net current asset value | $297.1M | $318.3M | $129.3M |
| Graham number | — | $9.28 | — |
| Graham net-net per share | −$35.61 | −$2.17 | −$177.67 |
| Capital allocation | |||
| Share buybacks (net) | $0 | — | — |
| Dividends + buybacks / free cash flow | 0.0% | — | — |
| Capex / revenue | 0.2% | 0.1% | 0.0% |
| Capex / operating cash flow | 83.9% | 19.5% | — |
| Capex / depreciation | 6.25 | 0.65 | 0.26 |
| Stock-based compensation / revenue | 0.0% | 0.1% | 0.1% |
| SG&A / revenue | 0.5% | 4.3% | 10.5% |
| Efficiency | |||
| Days sales outstanding | 0.4 | 1.9 | 4.1 |
| Days payables outstanding | 0.2 | 0.6 | 2.1 |
| Cash conversion cycle (days) | 0.3 | 1.3 | 2.0 |
| Receivables turnover | 858.70 | 191.23 | 89.27 |
| Payables turnover | 2,208.38 | 628.87 | 176.84 |
| Asset turnover | 6.17 | 0.81 | 0.13 |
| Average receivables | $18.8M | $16.1M | $10.4M |
| Average payables | $7.2M | $4.7M | $4.9M |
| Intangibles / total assets | 0.7% | 0.5% | 0.0% |
Computed from BTGO's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BTGO valuation and financial ratios
BitGo earned a return on equity of −4.6% and a return on invested capital of −4.5% in fiscal 2025. It ended the year with $6.5 million of debt and $106.3 million in cash and short-term investments, a net cash position of $99.8 million.
See the BTGO income statement, the BTGO chart for price history, or the BTGO stock overview for the latest quote and news.
BTGO key metrics FAQ
What is BitGo's return on equity?
BitGo's return on equity (ROE) was −4.6% in fiscal 2025: net income of -$14.8 million on average shareholders' equity of $321.5 million.
What is BitGo's ROIC?
BitGo's return on invested capital was −4.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BitGo have?
BitGo had total debt of $6.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is BitGo's current ratio?
BitGo's current ratio was 1.07 at the end of fiscal 2025: current assets were 1.07 times current liabilities.