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Bitgo Holdings vs Coinbase Global: BTGO and COIN compared
Bitgo Holdings is the larger company: $4.3B of revenue in its latest quarter (Q2 FY27) against $1.2B for Coinbase Global (Q3 2026). Bitgo Holdings is growing faster (+80% against -35% a year earlier). Coinbase Global is more profitable, with an operating margin of 5.1% against -0.4%.
Where the money goes: BTGO and COIN
Bitgo Holdings (BTGO) · Q2 FY27
Bitgo Holdings, Q2 FY27: revenue $4.3B (+80% year over year), operating margin -0.4%, net loss $19.0M, operating cash flow −$6.7M. The chart follows the revenue to costs, profit and cash.
Coinbase Global (COIN) · Q3 2026
Coinbase Global, Q3 2026: revenue $1.2B (-35% year over year), operating margin 5.1%, net earnings $719M, operating cash flow $405M. The chart follows the revenue to costs, profit and cash.
| Bitgo Holdings (BTGO) | Coinbase Global (COIN) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $4.3B | $1.2B |
| Revenue growth, Y/Y | +80% | -35% |
| Operating margin | -0.4% | 5.1% |
| Net earnings | −$19.0M | $719M |
| Net margin | -0.4% | 59.1% |
| Operating cash flow | −$6.7M | $405M |
| Market value | $560M | $38.4B |
| Analysts’ mean target | $10.38 | $197.50 |
Where the revenue comes from
Coinbase Global
- Net revenue: $1.2B (96%)
- Other revenue: $55.1M (5%)
Questions
Which is bigger, Bitgo Holdings or Coinbase Global?
Bitgo Holdings is the larger company: $4.3B of revenue in its latest quarter (Q2 FY27) against $1.2B for Coinbase Global (Q3 2026).
Is Bitgo Holdings or Coinbase Global growing faster?
Bitgo Holdings is growing faster (+80% against -35% a year earlier).
Which is more profitable, Bitgo Holdings or Coinbase Global?
Coinbase Global is more profitable, with an operating margin of 5.1% against -0.4%.
More: Bitgo Holdings earnings · how Bitgo Holdings makes money · Coinbase Global earnings · how Coinbase Global makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.