BitGo Posts $44M Quarterly Profit as Platform Assets Grow, But Adjusted EBITDA Stays Negative

BitGo reported roughly $44.1 million in third-quarter net income, while adjusted EBITDA remained negative at about $4.3 million. The company's platform assets grew during the quarter, but the negative adjusted EBITDA indicates ongoing operational challenges. Despite the profit, the negative EBITDA figure highlights the gap between net income and core business performance.