Galaxy Digital Inc. (GLXY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLXY SEC filings page.
Galaxy Digital Inc. (GLXY) reported $60.4B in revenue for fiscal year 2025, up 41.8% from the prior fiscal year. This page shows its 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).
Revenue expanded, but FY2025 turned accounting profit into a loss while investment spending drove sharply negative cash generation.
The key mismatch is that revenue rose41.8% , yet net income moved from a$346.7M profit in FY2024 to a$241.3M loss in FY2025. Meanwhile, assets and liabilities expanded together, suggesting growth required substantially more balance-sheet financing rather than translating cleanly into earnings.
Cash conversion weakened because reinvestment intensified: capital expenditures rose
Leverage increased faster than equity support: liabilities reached
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Galaxy Digital Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Galaxy Digital Inc. earned a return on assets of -2.1% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 4.9% the prior year. Earnings ranks banks on that return over three years, and Galaxy Digital Inc. scores 26/100 among other banks.
Galaxy Digital Inc. reported revenue of $60.4B in fiscal year 2025, against $42.6B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Galaxy Digital Inc. scores 50/100 among other banks.
Galaxy Digital Inc. funded 17.2% of its assets with shareholders' equity at the end of fiscal year 2025, holding $2.0B of equity against $11.3B of assets. Capital ranks banks on that cushion, and Galaxy Digital Inc. scores 83/100 among other banks.
Not available for Galaxy Digital Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Galaxy Digital Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Galaxy Digital Inc. reported a net loss of $241.3M in fiscal year 2025, against $346.7M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Galaxy Digital Inc. scores 8/100 among other banks.
Galaxy Digital Inc. passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Key Financial Metrics
Earnings & Revenue
Galaxy Digital Inc. generated $8.6B in revenue in Q2 2026. This represents a decrease of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 14.8%.
Galaxy Digital Inc. reported a net loss of $85.3M in Q2 2026. This represents a decrease of 378.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Galaxy Digital Inc. recorded an outflow of $26.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Galaxy Digital Inc. held $895.7M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Galaxy Digital Inc.'s net profit margin was -1.0% in Q2 2026, showing the share of revenue converted to profit. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Galaxy Digital Inc.'s quarterly ROE was -4.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 6.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Galaxy Digital Inc. invested $398.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 30.8% from the same quarter a year earlier. Against the prior quarter it is up 18.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
GLXY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.6B-1.2% | $10.0B | N/A | $28.4B+231.4% | $8.7B-2.5% | N/A | N/A | $8.6B |
| SG&A Expenses | $8.5B-1.2% | $10.0B | N/A | $28.2B+233.2% | $8.6B-2.7% | N/A | N/A | $8.5B |
| Interest Expense | $25.1M+76.3% | $17.6M | N/A | $14.4M+102.9% | $14.2M+102.3% | N/A | N/A | $7.1M |
| Income Tax | -$42.9M-473.8% | -$18.2M | N/A | $40.1Mn/m | $11.5Mn/m | N/A | N/A | -$7.9M |
| Net Income | -$85.3M-378.0% | -$216.3M | N/A | $505.1Mn/m | $30.7Mn/m | N/A | N/A | -$33.3M |
| Diluted Shares (Avg) | 193M | 390M | N/A | 221M-35.1% | 372M+9.9% | 128M | N/A | 341M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted).
GLXY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.8B+19.3% | $10.0B+999198000.0% | $11.3B+59.4% | $11.5B | $9.1B | $1K | $7.1B | N/A |
| Current Assets | $7.2B-1.6% | $6.9B+694061300.0% | $8.5B+44.8% | $9.1B | $7.4B | $1K | $5.9B | N/A |
| Cash & Equivalents | $895.7M+29.6% | $910.7M+91069000.0% | $1.2B+169.7% | $1.1B+318.2% | $691.3M+120.1% | $1K-50.0% | $462.1M | $272.0M |
| Short-Term Investments | $658.0M-12.1% | $623.6Mn/m | $709.1M-15.1% | $853.8Mn/m | $748.3Mn/m | $0n/m | $834.8M | $0 |
| Accounts Receivable | $86.5M+108.9% | $103.2M | $34.0M-38.5% | $72.0M | $41.4M | N/A | $55.3M | N/A |
| Long-Term Investments | $884.1M+2.4% | $875.1Mn/m | $1.0B+26.5% | $1.3Bn/m | $863.7Mn/m | $0n/m | $808.7M | $0 |
| Goodwill | $66.5M+6.9% | $66.5M | $66.5M+14.6% | $62.7M | $62.2M | N/A | $58.0M | N/A |
| Total Liabilities | $8.1B+25.7% | $7.2Bn/m | $8.3B+68.8% | $8.4B | $6.5B | $0 | $4.9B | N/A |
| Current Liabilities | $4.8B-12.0% | $4.1B | $5.3B+36.6% | $6.7B | $5.5B | N/A | $3.9B | N/A |
| Non-Current Liabilities | $3.3B+234.3% | $3.1B | $3.0B+189.3% | $1.6B | $990.3M | N/A | $1.0B | N/A |
| Total Equity | $1.8B+21.0% | $1.8B+181170600.0% | $2.0B-10.9% | $1.8B | $1.5B | $1K-50.0% | $2.2B | N/A |
| Retained Earnings | $232.9M-29.9% | $250.8Mn/m | $342.9Mn/m | $540.8M | $332.3M | -$4K | $0 | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
GLXY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $372.0M+119.0% | -$83.3M | -$1.1Bn/m | $427.7Mn/m | $169.9M-23.2% | N/A | -$377.8M | -$48.5M |
| Depreciation & Amortization | $9.2M+22.8% | $5.8M | $6.6M-50.8% | $7.4M-43.1% | $7.5M-31.9% | N/A | $13.4M | $13.0M |
| Stock-Based Compensation | N/A | $18.4M+33.8% | N/A | N/A | N/A | $13.7M | N/A | N/A |
| Capital Expenditures | $398.8M+30.8% | $337.9M | $558.0M+2054.0% | $238.1M+6938.7% | $304.8M | N/A | $25.9M | $3.4M |
| Free Cash Flow | -$26.8Mn/m | -$421.2M | -$1.6Bn/m | $189.6Mn/m | -$134.9M | N/A | -$403.7M | -$51.9M |
| Investing Cash Flow | -$783.5Mn/m | -$429.5M | -$580.1Mn/m | -$367.9Mn/m | -$406.7M | N/A | -$64.1M | -$56.0M |
| Financing Cash Flow | $396.6M-5.3% | $177.3M | $1.8B+178.9% | $386.3M+518.6% | $418.7M | N/A | $632.0M | $62.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
GLXY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -1.0%-1.4pp | -2.1% | N/A | 1.8%+2.2pp | 0.4%+1.8pp | N/A | N/A | -0.4% |
| Return on Equity | -4.7%-6.7pp | -11.9% | N/A | 28.7% | 2.0% | N/A | N/A | N/A |
| Return on Assets | -0.8%-1.1pp | -2.2% | N/A | 4.4% | 0.3% | N/A | N/A | N/A |
| Current Ratio | 1.50+0.2x | 1.70 | 1.60+0.1x | 1.35 | 1.34 | N/A | 1.51 | N/A |
| Liabilities-to-Equity | 4.46+0.2x | 3.98+4.0x | 4.25+2.0x | 4.74 | 4.29 | 0.00 | 2.24 | N/A |
| Asset Turnover | 0.79-0.2x | 1.00 | N/A | 2.46 | 0.95 | N/A | N/A | N/A |
| FCF Margin | -0.3%+1.3pp | -4.2% | N/A | 0.7%+1.3pp | -1.6% | N/A | N/A | -0.6% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Galaxy Digital Inc. GLXY | FY2025 | $60.4B | -$241.3M | -0.4% | $5.7B | 42/100 |
| Stifel Financial Corp. SF | FY2025 | $5.5B | $683.8M | 12.4% | $10.2B | 65/100 |
| Evercore Inc. EVR | FY2025 | $3.9B | $591.9M | 15.3% | $9.8B | 79/100 |
| Jefferies Financial Group Inc. JEF | FY2025 | $7.3B | $630.8M | 8.6% | $10.5B | 48/100 |
| Houlihan Lokey, Inc. HLI | FY2026 | $2.6B | $425.7M | 16.3% | $9.3B | 81/100 |
| Nomura Holdings, Inc NMR | FY2026 | $13.6B | $2.3B | 16.7% | $26.4B | 32/100 |
Where Galaxy Digital Inc. Ranks
Frequently Asked Questions
What is Galaxy Digital Inc.'s annual revenue?
Galaxy Digital Inc. (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 Inc.'s revenue growing?
Galaxy Digital Inc. (GLXY) revenue grew by 41.8% year-over-year, from $42.6B to $60.4B in fiscal year 2025.
Is Galaxy Digital Inc. profitable?
No, Galaxy Digital Inc. (GLXY) reported a net loss of $241.3M in fiscal year 2025, with a net profit margin of -0.4%.
What is Galaxy Digital Inc.'s net profit margin?
Galaxy Digital Inc. (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 Inc.'s return on equity (ROE)?
Galaxy Digital Inc. (GLXY) has a return on equity of -12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Galaxy Digital Inc.'s free cash flow?
Galaxy Digital Inc. (GLXY) recorded an outflow of $1.5B in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 Inc.'s operating cash flow?
Galaxy Digital Inc. (GLXY) recorded an outflow of $316.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Galaxy Digital Inc.'s total assets?
Galaxy Digital Inc. (GLXY) had $11.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Galaxy Digital Inc.'s capital expenditures?
Galaxy Digital Inc. (GLXY) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Galaxy Digital Inc.'s current ratio?
Galaxy Digital Inc. (GLXY) had a current ratio of 1.60 as of fiscal year 2025, which is generally considered healthy.
What is Galaxy Digital Inc.'s liabilities-to-equity ratio?
Galaxy Digital Inc. (GLXY) had a liabilities-to-equity ratio of 4.25 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Galaxy Digital Inc.'s return on assets (ROA)?
Galaxy Digital Inc. (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 Inc.'s P/E ratio?
Galaxy Digital Inc. (GLXY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $5.7B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Galaxy Digital Inc.'s price-to-sales ratio?
Galaxy Digital Inc. (GLXY) trades at 0.1x sales, its market capitalization divided by $60.4B revenue, FY2025. The market capitalization is $5.7B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Galaxy Digital Inc.'s Piotroski F-Score?
Galaxy Digital Inc. (GLXY) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is Galaxy Digital Inc.?
Galaxy Digital Inc. (GLXY) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Galaxy Digital Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.