PerpEquities

Equity · Financial services

BitGo Holdings, Inc. (BTGO) perpetual futures

BTGO perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BTGOUSDT.

BitGo Holdings, Inc. tracked across crypto venues with normalized contract specifications.

$7.91-2.2%NYSE closed
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venue perp mark · Gate.io (BTGO/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$383
Open interest
$10.4K
Best liquidity
$0
Gate.io
Tightest spread
+394.7 bps
Gate.io
Highest volume
$383
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeBTGO/USDTTrading$7.910.0% APR
0.000% every 8h
+394.7 bps$0$383$10.4KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

BTGO

Tightest spread

BTGO

Highest volume

BTGO

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$867.5M
Updated 1h ago
Revenue
$20.1B
Trailing 12 months
Revenue growth
-99%
Next fiscal year
Profit margin
-0.6%
P/E
-8.8
Peer P/E -53.7
Free cash flow
-$7.3M
Trailing 12 months
More metrics
Net income
-$122.9M
Trailing 12 months
P/S
0.0
Peer P/E
-53.7
Similar listed perps
Revenue estimate
$193.8M
Next fiscal year
Earnings
2026-11-11
Revenue est. $47.6M · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$16.2B
Net margin-0.1%
Free cash flow$4.8M
Net debt-$3.4B
2023$926.3M
2024$3.1B
2025$16.2B
PeriodRevenueGrowthNet incomeFCF
2023$926.3M--$2.1M-$51.4M
2024$3.1B+233%$156.6M$8.6M
2025$16.2B+424%-$14.8M$4.8M
PeriodGross marginOperating marginNet marginROEROA
2023+6.8%-4.0%-0.2%-1.5%0.0%
2024+4.2%+3.5%+5.1%+48.0%+22.9%
2025+1.2%-0.1%-0.1%-4.7%-0.3%
PeriodCashDebtNet debtCurrent ratio
2023$46.2M$3M-$43.2M1.02
2024$87.4M$34.4M-$53.1M1.91
2025$106.3M$6.5M-$3.4B1.07
PeriodMarket capEnterprise valueP/SP/E
2023$682.2M$638.9M0.7-322.0
2024$2.1B$2B0.738.3
2025$2.1B$2B0.1-138.5
Q3 2024$817.8M
Q4 2024$1.1B
Q1 2025$2.1B
Q2 2025$2.1B
Q3 2025$5.8B
Q4 2025$6.2B
Q1 2026$3.8B
Q2 2026$4.3B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$817.8M--$3.3M$469K
Q4 2024$1.1B-$49M$944K
Q1 2025$2.1B-$6.3M$5.6M
Q2 2025$2.1B-$6.3M-$18.7M
Q3 2025$5.8B+610%$6.8M$9.5M
Q4 2025$6.2B+440%-$50M$19.4M
Q1 2026$3.8B+80%-$60.7M-$35.7M
Q2 2026$4.3B+107%-$19M-$517K
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+1.4%-0.3%-0.4%0.0%0.0%
Q4 2024+1.8%0.0%+4.3%+15.0%+7.2%
Q1 2025+2.0%0.0%+0.3%+1.8%+0.2%
Q2 2025+2.0%0.0%+0.3%+1.8%+0.2%
Q3 2025+0.9%+0.1%+0.1%+1.9%+0.2%
Q4 2025+0.9%+0.1%-0.8%-15.8%-1.1%
Q1 2026+1.2%-1.8%-1.6%-13.8%-1.0%
Q2 2026+0.9%-0.7%-0.4%-4.5%-0.3%
PeriodCashDebtNet debtCurrent ratio
Q3 2024---0.00
Q4 2024$87.4M$34.4M-$53.1M1.91
Q1 2025$55.6M$73.8M$18.2M1.12
Q2 2025$55.6M$73.8M$18.2M1.12
Q3 2025$2.8B$340.9M-$2.4B1.09
Q4 2025$106.3M$359M-$3.1B1.07
Q1 2026$4.6B$503.2M-$4.1B11.74
Q2 2026$4.8B$445M-$4.3B13.65
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1B$01.2-76.3
Q4 2024$1B$952.7M0.95.1
Q1 2025$1B$1B0.5398.2
Q2 2025$1B$1B0.5398.2
Q3 2025$2.1B-$344.2M0.476.1
Q4 2025$2.1B$2.3B0.3-22.5
Q1 2026$809.9M-$3.3B0.2-3.3
Q2 2026$556.4M-$3.8B0.1-8.1

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.3BQ2 2026
$1.5B$3.1B$4.6B$6.2BQ3 2024: $817.8MQ4 2024: $1.1BQ1 2025: $2.1BQ2 2025: $2.1BQ3 2025: $5.8BQ4 2025: $6.2BQ1 2026: $3.8BQ2 2026: $4.3BQ3 2024Q2 2026
Net income-$19MQ2 2026
-$33.3M-$5.8M$21.6M$49MQ3 2024: -$3.3MQ4 2024: $49MQ1 2025: $6.3MQ2 2025: $6.3MQ3 2025: $6.8MQ4 2025: -$50MQ1 2026: -$60.7MQ2 2026: -$19MQ3 2024Q2 2026
EBITDA-$22.7MQ2 2026
-$10.9M$44.6M$100M$155.5MQ3 2024: -$851KQ4 2024: $155.5MQ1 2025: $1.7MQ2 2025: $1.7MQ3 2025: $32.6MQ4 2025: -$66.3MQ1 2026: -$63.9MQ2 2026: -$22.7MQ3 2024Q2 2026
Free cash flow-$517KQ2 2026
-$21.9M-$8.1M$5.6M$19.4MQ3 2024: $469KQ4 2024: $944KQ1 2025: $5.6MQ2 2025: -$18.7MQ3 2025: $9.5MQ4 2025: $19.4MQ1 2026: -$35.7MQ2 2026: -$517KQ3 2024Q2 2026
EPS-$0.16Q2 2026
-$0.25$0.13$0.51$0.88Q3 2024: -$0.06Q4 2024: $0.88Q1 2025: $0.01Q2 2025: $0.01Q3 2025: $0.06Q4 2025: -$0.2Q1 2026: -$0.62Q2 2026: -$0.16Q3 2024Q2 2026
Cash / Debt$4.8BQ2 2026
$1.2B$2.4B$3.6B$4.8BQ4 2024 · Cash: $87.4MQ4 2024 · Debt: $34.4MQ1 2025 · Cash: $55.6MQ1 2025 · Debt: $73.8MQ2 2025 · Cash: $55.6MQ2 2025 · Debt: $73.8MQ3 2025 · Cash: $2.8BQ3 2025 · Debt: $340.9MQ4 2025 · Cash: $106.3MQ4 2025 · Debt: $359MQ1 2026 · Cash: $4.6BQ1 2026 · Debt: $503.2MQ2 2026 · Cash: $4.8BQ2 2026 · Debt: $445MQ3 2024Q2 2026
CashDebt
Profitability+0.9%Q2 2026
-0.3%+1.3%+2.8%+4.3%Q3 2024 · Gross margin: +1.4%Q4 2024 · Gross margin: +1.8%Q1 2025 · Gross margin: +2.0%Q2 2025 · Gross margin: +2.0%Q3 2025 · Gross margin: +0.9%Q4 2025 · Gross margin: +0.9%Q1 2026 · Gross margin: +1.2%Q2 2026 · Gross margin: +0.9%Q3 2024 · Operating margin: -0.3%Q4 2024 · Operating margin: 0.0%Q1 2025 · Operating margin: 0.0%Q2 2025 · Operating margin: 0.0%Q3 2025 · Operating margin: +0.1%Q4 2025 · Operating margin: +0.1%Q1 2026 · Operating margin: -1.8%Q2 2026 · Operating margin: -0.7%Q3 2024 · Net margin: -0.4%Q4 2024 · Net margin: +4.3%Q1 2025 · Net margin: +0.3%Q2 2025 · Net margin: +0.3%Q3 2025 · Net margin: +0.1%Q4 2025 · Net margin: -0.8%Q1 2026 · Net margin: -1.6%Q2 2026 · Net margin: -0.4%Q3 2024Q2 2026
Gross marginOperating marginNet margin
Revenue growth+106.9%Q2 2026
+152.6%+305.2%+457.9%+610.5%Q3 2025: +610.5%Q4 2025: +439.9%Q1 2026: +80.3%Q2 2026: +106.9%Q3 2024Q2 2026
Shares outstanding107.4MQ2 2026
28.9M57.8M86.7M115.6MQ3 2024: 55.9MQ4 2024: 55.9MQ1 2025: 55.9MQ2 2025: 55.9MQ3 2025: 115.6MQ4 2025: 115.5MQ1 2026: 98.4MQ2 2026: 107.4MQ3 2024Q2 2026
Valuation-8.1Q2 2026
42.4161.0279.6398.2Q3 2024 · P/E: -76.3Q4 2024 · P/E: 5.1Q1 2025 · P/E: 398.2Q2 2025 · P/E: 398.2Q3 2025 · P/E: 76.1Q4 2025 · P/E: -22.5Q1 2026 · P/E: -3.3Q2 2026 · P/E: -8.1Q3 2024 · P/S: 1.2Q4 2024 · P/S: 0.9Q1 2025 · P/S: 0.5Q2 2025 · P/S: 0.5Q3 2025 · P/S: 0.4Q4 2025 · P/S: 0.3Q1 2026 · P/S: 0.2Q2 2026 · P/S: 0.1Q3 2024Q2 2026
P/EP/S
Revenue$16.2B2025
$4B$8.1B$12.1B$16.2B2023: $926.3M2024: $3.1B2025: $16.2B20232025
Net income-$14.8M2025
$28.1M$70.9M$113.7M$156.6M2023: -$2.1M2024: $156.6M2025: -$14.8M20232025
EBITDA-$8.6M2025
$22.1M$78.4M$134.6M$190.8M2023: -$34.1M2024: $190.8M2025: -$8.6M20232025
Free cash flow$4.8M2025
-$36.4M-$21.4M-$6.4M$8.6M2023: -$51.4M2024: $8.6M2025: $4.8M20232025
EPS-$0.132025
$0.02$0.17$0.32$0.472023: -$0.062024: $0.472025: -$0.1320232025
Cash / Debt$106.3M2025
$26.6M$53.1M$79.7M$106.3M2023 · Cash: $46.2M2023 · Debt: $3M2024 · Cash: $87.4M2024 · Debt: $34.4M2025 · Cash: $106.3M2025 · Debt: $6.5M20232025
CashDebt
Profitability+1.2%2025
-1.3%+1.4%+4.1%+6.8%2023 · Gross margin: +6.8%2024 · Gross margin: +4.2%2025 · Gross margin: +1.2%2023 · Operating margin: -4.0%2024 · Operating margin: +3.5%2025 · Operating margin: -0.1%2023 · Net margin: -0.2%2024 · Net margin: +5.1%2025 · Net margin: -0.1%20232025
Gross marginOperating marginNet margin
Revenue growth+424.3%2025
+106.1%+212.1%+318.2%+424.3%2024: +232.6%2025: +424.3%20232025
Shares outstanding115.5M2025
28.9M57.8M86.7M115.6M2023: 37.9M2024: 115.6M2025: 115.5M20232025
Valuation-138.52025
-231.9-141.9-51.838.32023 · P/E: -322.02024 · P/E: 38.32025 · P/E: -138.52023 · P/S: 0.72024 · P/S: 0.72025 · P/S: 0.120232025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-11
Revenue est. $47.6M · Updated 1h ago

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
New York Stock Exchange
Regular hours
09:30 AM04:00 PM
Next holiday
Nov 26, 2026 · Thanksgiving Day

After-hours reference

Bid7.58
Ask8.04
Volume0

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.77$193.8M-99%3
FY 20270.12$260.5M-98%5
FY 20280.38$349.9M-98%5
FY 20290.68$409.9M-97%1
Q1 20270.00$57.4M-98%1
Q2 20270.02$61.6M-99%1

Company events

5
2026-11-11EarningsActual - / Estimate 0.01-
2026-08-12EarningsActual -0.16 / Estimate -0.05Miss
2026-05-13EarningsActual -0.62 / Estimate -0.07Miss
2026-03-26EarningsActual -1.03 / Estimate -0.39Miss
2025-11-07EarningsActual 0.2 / Estimate -0.43Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
COIN$52.3B9.4-53.7-17.8%28

Analyst track record

How the analysts covering BTGO have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings6060
Analysts1616
Buy / hold / sell49 / 11 / 049 / 11 / 0
Upgrades / downgrades / initiations0 / 0 / 130 / 0 / 13
Price targets hit / missed4 / 52 (7%)4 / 52 (7%)
Avg. return after a rating (TipRanks)-37.2%-37.2%
Best / worst call+24.6% / -55.0%+24.6% / -55.0%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 8, 2026James YaroGoldman SachsHoldMaintained$7.25
Sep 1, 2026Brian DobsonClear StreetBuyReiterated$14.00
Sep 1, 2026Dan DolevMizuho SecuritiesBuyReiterated$11.00
Aug 28, 2026George SuttonCraig-HallumBuyMaintained
Aug 28, 2026Dan DolevMizuho SecuritiesBuyReiterated$11.00

TipRanks data via FMP · computed Sep 24, 2026 · 60 ratings

Frequently asked questions

Where can I trade BTGO perpetual futures?

BitGo Holdings, Inc. (BTGO) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BTGO around the clock?

Yes. Unlike the underlying stock, BTGO perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on BTGO perpetuals?

Right now the BTGO perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BTGO perp price compare to the BitGo Holdings, Inc. stock?

The venue-median BTGO perp mark is $7.91 versus a reference stock price of $7.91, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a BTGO perpetual future?

A BTGO perpetual is a derivative that tracks the price of BitGo Holdings, Inc. with no expiry date. It lets you take long or short exposure to BitGo Holdings, Inc. on crypto venues, around the clock.

What is BTGOUSDT perpetual?

BTGOUSDT is the symbol most crypto exchanges use for the BitGo Holdings, Inc. perpetual settled in USDT (Tether). It tracks the BTGO share price through an index, trades 24/7 with leverage and never expires.

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