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Stock Ratings / Financials / BTGO / financials
VEL (50) QFIN (54) TRON (26) GAIN (37) ⌘ Pro Terminal →

BitGo Holdings Inc. (Class A) (BTGO) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$5.13 -3.39% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $5.09

BitGo Holdings Inc. (Class A) (BTGO) carries a Roarable Rating of D- (Sell) with 40/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $624.2M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BTGO stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, BitGo Holdings Inc. (Class A) (NYSE: BTGO) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 40/100 at a spot price of $5.13 (-3.39% 1D, market cap $624.2M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 9/20. Across 1097 tracked Financials issuers, BTGO ranks #914 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BTGO compare to VEL and QFIN in the Financials sector?
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Within the Financials sector (Finance: Consumer Services), BTGO carries a Roarable D- (40/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, VEL (Velocity Financial Inc.) holds a D grade (50/100 RQD, P/E 6.0x, ROIC 15.6%, cap $620.6M) and QFIN (Qfin Holdings Inc.) posts a D+ grade (54/100 RQD, P/E N/A, ROIC 27.2%, cap $629.5M). Among the 5-stock peer group, VEL leads on earnings multiple (6.0x) while GAIN leads on capital efficiency (31.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BTGO?
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Per BTGO's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001740604), BitGo Holdings Inc. (Class A) generated $1.91B in revenue, $0 in net income, and $0 in free cash flow against $4.55B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $5.09 (-0.80%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 0.9% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (40/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.4% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • D-
025507510040
2-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D- · Rk D
Cash (10)Whales (3)SEC (13)Macro (5)CEO (9)
Each axis scored 0–20
12M PRICE TARGET CONE-8.2% Base Target
$26 Bull$5 Base$4 Bear
📬 FREE BTGO RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BTGO)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (40/100 Composite)
🔍 WHY BTGO SCORES 40/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (33% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Cash Engine Quality+10/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 0.9% FCF Margin ($17.5M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
48
Grade D$7.00-18% Next Q
Q2 (-2Q)
45
Grade D$5.74-1.6% Next Q
Q3 (-1Q)
43
Grade D$5.65-9.2% Next Q
Current
40
Grade D-$5.13-7.4% Hist 90D α
Trajectory: D (48) → D- (40)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BTGO Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BTGO currently carries a cautious 40/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($6.87) and Max Pain ($5.39) forces dealer call-delta covering toward $25.73.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BTGO• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “BTGO Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 40%NO 60%Trade / Inspect Odds →
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How BTGO Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$17.5M (0.9% FCF Margin)
Revenue$1.91BGross Profit $993.4M (52%)Cost of Sales $917.0MOp Profit $0 (0%)OpEx (R&D/SG&A) $993.4MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY25
Rev $1.91B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$1.91B52%0%$0$015%
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BTGO)

  • ✓Walkthrough of BTGO's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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BTGO // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -55.39%🛡️ HOLDING TREND SUPPORT
2026-11-03O $5.79H $5.79L $5.13C $5.13VOL 1.11M
RES: $9.14SUP: $5.10SMA50: $6.87SMA200: $8.02
$13.57$11.16$8.74$6.32$3.90RES $9.14SUP $5.10$5.132026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BTGO Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BTGO Butterfly Map → + Track BTGO →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on BTGO today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BTGO. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BTGO today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BTGO)

Financials Rank #914 of 1097 ⚔️ VEL vs BTGO Full Matrix →

1. Head-to-Head Financials Peer Comparison (BTGO vs. VEL, QFIN, TRON, GAIN)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, BitGo Holdings Inc. (Class A) (BTGO) ranks #914 by composite RQD confidence (40/100, grade D-) and #654 by equity capitalization ($624.2M). Within this direct 5-issuer industry benchmark cohort, VEL leads on earnings valuation at 6.0x trailing P/E, while GAIN leads on capital efficiency and profitability with 31.0% ROIC and — gross margin. QFIN currently holds the highest overall quantitative score in the immediate peer group at 54/100 (D+) compared with BTGO at 40/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
BTGO ACTIVE
BitGo Holdings Inc. (Class A)
D- 40/100 — — — -3.39% $624.2M Benchmark Subject
VEL
Velocity Financial Inc.
D 50/100 6.0x — 15.6% +2.67% $620.6M /vel-vs-btgo →
QFIN
Qfin Holdings Inc.
D+ 54/100 — — 27.2% +3.48% $629.5M /qfin-vs-btgo →
TRON
Tron Inc.
E 26/100 — — -0.9% +2.75% $604.8M /tron-vs-btgo →
GAIN
Gladstone Investment Corporation Business Development Company
D- 37/100 — — 31.0% +0.73% $603.7M /gain-vs-btgo →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2025–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001740604 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), BitGo Holdings Inc. (Class A) (BTGO) reported GAAP revenue of $1.91B , GAAP net income of $0, operating cash flow of $0, and free cash flow of $0 . On the balance sheet, BTGO closed FY2025 with $4.55B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: N/A).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $1.91B $0 — — $4.55B —

3. BTGO Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BTGO stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, BitGo Holdings Inc. (Class A) (NYSE: BTGO) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 40/100 at a spot price of $5.13 (-3.39% 1D, market cap $624.2M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 9/20. Across 1097 tracked Financials issuers, BTGO ranks #914 in composite RQD confidence.

How does BTGO compare to VEL and QFIN in the Financials sector?

Within the Financials sector (Finance: Consumer Services), BTGO carries a Roarable D- (40/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, VEL (Velocity Financial Inc.) holds a D grade (50/100 RQD, P/E 6.0x, ROIC 15.6%, cap $620.6M) and QFIN (Qfin Holdings Inc.) posts a D+ grade (54/100 RQD, P/E N/A, ROIC 27.2%, cap $629.5M). Among the 5-stock peer group, VEL leads on earnings multiple (6.0x) while GAIN leads on capital efficiency (31.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BTGO?

Per BTGO's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001740604), BitGo Holdings Inc. (Class A) generated $1.91B in revenue, $0 in net income, and $0 in free cash flow against $4.55B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BTGO trading relative to its 50-day, 200-day, and 52-week technical levels?

BTGO last traded at $5.13 (-3.39% on volume of 656,162 shares), positioning the stock -25.33% below its 50-day simple moving average ($6.87) and -36.03% below its 200-day simple moving average ($8.02). Across its 52-week range of $4.65 to $24.50, BTGO sits at the 2.4% percentile with a 14-day RSI of 37.8 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($4.49 to $5.77).

Direct Sub-Reports: BTGO RQD Cockpit BTGO 12M Forecast BTGO Earnings & Move BTGO Dividends & DRIP BTGO Insiders & 13F BTGO Whale Options BTGO Profit Sankey BTGO News & Why
ROARABLE RATING BRIEF • RQD 40/100 (D-) ✓ SEC XBRL & RQD VERIFIED

BTGO — BitGo Holdings Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

BitGo Holdings Inc. (Class A) (BTGO) earns a live Roarable RQD composite score of 40/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $5.13 (-3.39% 1D, market capitalization $624.2M).

  • Fundamental Cash Engine (10/20): Anchored by return on invested capital (ROIC) of —, gross margin of —, operating margin of —, and free cash flow yield of —.
  • Whale 13F & Options Flow (3/20) + Insider Conviction (9/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (5/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of N/A, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

BitGo Holdings Inc. (Class A) is a NYSE-listed issuer in the Financials sector and the Finance: Consumer Services industry. — The profile does list a market capitalization of $0.7B, which is consistent with the $680.6M figure in market data.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), BitGo Holdings Inc. (Class A) (BTGO) reported $1.91B in annual revenue and $0 in GAAP net income. Operating cash flow reached $0 and free cash flow totaled $0, backed by $4.55B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D- • RQD 40/100): Established market leader in Financials with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 3/20. With Fundamental Cash Engine at 10/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $4.65 – $24.50 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies cannot be mapped from the source. — Sector correlation data is likewise not provided. The one cross-company reference in the feed is the Globe and Mail headline pairing BTGO with Starz Entertainment, which does not establish a supply-chain relationship. A prospective investor should note that the lawsuit and any crypto-sector exposure implied by the headlines are the most visible second-order channels, but the source does not quantify either.

  • Key Question #1: Can BTGO sustain or expand its — operating margin and — ROIC against Finance: Consumer Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.91B and free cash flow of $0, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is BTGO's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

BTGO Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for BitGo Holdings Inc. (Class A) (BTGO) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BTGO Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BTGO Bull vs. Bear Conversation Board — What's Your Call at $5.13?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BTGO 🐻 33% BEARISH CONVICTION
1. Pick Your Side on BTGO:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
TA TapeReader_Pro RQD DEBATE OPENER • Price Action & Volume Trader 🐂 BULLISH 🎯 Target: $7.01 (+32.0%)
📌 Pinned Debate

Balance sheet metrics are the relative strength, with an Altman Z of 2.5, a Piotroski F of 6 of 9, and $106.3M in reported cash.

Long BTGO at $5.31 targeting $7.01. Balance sheet metrics are the relative strength, with an Altman Z of 2.5, a Piotroski F of 6 of 9, and $106.3M in reported cash.. Institutional whale score is 3/20 and the risk/reward vs. the $4.65 52-week low is skewed heavily in favor of bulls.

ArenaChamp_24 🐂 BULL

@MultipleCompression Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Finance: Consumer Services. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

MU MultipleCompression RQD DEBATE OPENER • Valuation Discipline 🐻 BEARISH 🎯 Target: $4.51 (-15.1%)
Spot @ $5.31

A $141M lawsuit from DWF Labs affiliates exceeds the reported $106.3M cash balance while ROIC and FCF yield are both 0%.

Here is the bear case nobody on the bull side wants to address on BTGO: A $141M lawsuit from DWF Labs affiliates exceeds the reported $106.3M cash balance while ROIC and FCF yield are both 0%.. At current EV/EBITDA multiples, even a small guidance miss in Finance: Consumer Services triggers a 12-15% air pocket.

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