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Galaxy Digital Financials

GLXY
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Galaxy Digital (GLXY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Profile 36/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
100

Galaxy Digital's revenue surged 41.8% year-over-year to $60.4B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
0

Galaxy Digital has elevated debt relative to equity (D/E of 4.25), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity
44

Galaxy Digital's current ratio of 1.60 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
0

While Galaxy Digital generated -$316.6M in operating cash flow, capex of $1.2B consumed most of it, leaving -$1.5B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak
1/9

Galaxy Digital passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
1.31x

For every $1 of reported earnings, Galaxy Digital generates $1.31 in operating cash flow (-$316.6M OCF vs -$241.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue
$60.4B
YoY+41.8%

Galaxy Digital generated $60.4B in revenue in fiscal year 2025. This represents an increase of 41.8% from the prior year.

EBITDA
N/A
Free Cash Flow
-$1.5B
YoY-471.4%

Galaxy Digital generated -$1.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 471.4% from the prior year.

Net Income
-$241.3M
YoY-169.6%

Galaxy Digital reported -$241.3M in net income in fiscal year 2025. This represents a decrease of 169.6% from the prior year.

EPS (Diluted)
N/A
Cash & Debt
$1.2B
YoY+169.7%

Galaxy Digital held $1.2B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-0.4%
YoY-1.2pp

Galaxy Digital's net profit margin was -0.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.

Return on Equity
N/A
R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$1.2B
YoY+1920.4%

Galaxy Digital invested $1.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1920.4% from the prior year.

GLXY Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue N/A $28.4B+227.9% $8.7B $0 N/A $8.6B-3.5% $8.9B $0
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A $58.7M+205.1% $19.2M N/A N/A $23.9M+7.5% $22.3M N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A $14.4M+1.2% $14.2M N/A N/A $7.1M+0.9% $7.0M N/A
Income Tax N/A $40.1M+250.0% $11.5M $0 N/A -$7.9M+43.9% -$14.0M $0
Net Income N/A $505.1M+1545.6% $30.7M $0 N/A -$33.3M+73.5% -$125.6M-12559500.0% -$1K
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

GLXY Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $11.3B-1.5% $11.5B+26.8% $9.1B+908595000.0% $1K-100.0% $7.1B N/A N/A N/A
Current Assets $8.5B-6.0% $9.1B+23.1% $7.4B+735677900.0% $1K-100.0% $5.9B N/A N/A N/A
Cash & Equivalents $1.2B+9.6% $1.1B+64.5% $691.3M+69133000.0% $1K-100.0% $462.1M+69.9% $272.0M-13.4% $314.0M+15701550.0% $2K
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $34.0M-52.7% $72.0M+73.8% $41.4M N/A $55.3M N/A N/A N/A
Goodwill $66.5M+6.2% $62.7M+0.7% $62.2M N/A $58.0M N/A N/A N/A
Total Liabilities $8.3B-0.4% $8.4B+29.2% $6.5B $0-100.0% $4.9B N/A N/A N/A
Current Liabilities $5.3B-21.1% $6.7B+23.0% $5.5B N/A $3.9B N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $2.0B+11.0% $1.8B+17.0% $1.5B+150632000.0% $1K-100.0% $2.2B+6.9% $2.1B-1.1% $2.1B+103731700.0% $2K
Retained Earnings $342.9M-36.6% $540.8M+62.7% $332.3M+8308675.0% -$4K $0 N/A N/A N/A

GLXY Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow -$1.1B-351.0% $427.7M+29.9% $329.3M $0+100.0% -$377.8M-678.4% -$48.5M-121.9% $221.3M+22127200.0% -$1K
Capital Expenditures $558.0M+134.4% $238.1M N/A N/A $25.9M+666.0% $3.4M N/A N/A
Free Cash Flow -$1.6B-960.5% $189.6M N/A N/A -$403.7M-677.6% -$51.9M N/A N/A
Investing Cash Flow -$580.1M-57.7% -$367.9M N/A N/A -$64.1M-14.4% -$56.0M N/A N/A
Financing Cash Flow $1.8B+356.2% $386.3M N/A N/A $632.0M+911.9% $62.5M N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

GLXY Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A 1.8%+1.4pp 0.4% N/A N/A -0.4%+1.0pp -1.4% N/A
Return on Equity N/A 28.7%+26.6pp 2.0% N/A N/A N/A N/A N/A
Return on Assets N/A 4.4%+4.0pp 0.3%+0.3pp 0.0% N/A N/A N/A N/A
Current Ratio 1.60+0.3 1.350.0 1.34 N/A 1.51 N/A N/A N/A
Debt-to-Equity 4.25-0.5 4.74+0.4 4.29+4.3 0.00-2.2 2.24 N/A N/A N/A
FCF Margin N/A 0.7% N/A N/A N/A -0.6% N/A N/A

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Frequently Asked Questions

What is Galaxy Digital's annual revenue?

Galaxy Digital (GLXY) reported $60.4B in total revenue for fiscal year 2025. This represents a 41.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Galaxy Digital's revenue growing?

Galaxy Digital (GLXY) revenue grew by 41.8% year-over-year, from $42.6B to $60.4B in fiscal year 2025.

Is Galaxy Digital profitable?

No, Galaxy Digital (GLXY) reported a net income of -$241.3M in fiscal year 2025, with a net profit margin of -0.4%.

What is Galaxy Digital's net profit margin?

Galaxy Digital (GLXY) had a net profit margin of -0.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Galaxy Digital's free cash flow?

Galaxy Digital (GLXY) generated -$1.5B in free cash flow during fiscal year 2025. This represents a -471.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Galaxy Digital's operating cash flow?

Galaxy Digital (GLXY) generated -$316.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Galaxy Digital's total assets?

Galaxy Digital (GLXY) had $11.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Galaxy Digital's capital expenditures?

Galaxy Digital (GLXY) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Galaxy Digital's current ratio?

Galaxy Digital (GLXY) had a current ratio of 1.60 as of fiscal year 2025, which is generally considered healthy.

What is Galaxy Digital's debt-to-equity ratio?

Galaxy Digital (GLXY) had a debt-to-equity ratio of 4.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Galaxy Digital's return on assets (ROA)?

Galaxy Digital (GLXY) had a return on assets of -2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Galaxy Digital's cash runway?

Based on fiscal year 2025 data, Galaxy Digital (GLXY) had $1.2B in cash against an annual operating cash burn of $316.6M. This gives an estimated cash runway of approximately 47 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Galaxy Digital's Piotroski F-Score?

Galaxy Digital (GLXY) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Galaxy Digital's earnings high quality?

Galaxy Digital (GLXY) has an earnings quality ratio of 1.31x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Galaxy Digital?

Galaxy Digital (GLXY) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.