GLXY
Galaxy Digital24.31
-0.23-0.94%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Bill passage odds high; power, loans firm.
Q&A pegged 75-80% odds on crypto market structure bill passing soon, accelerating TradFi's on-chain plumbing where Galaxy targets credit and infrastructure moats against big banks. Data centers got granular: ERCOT's batch process clouds 1.8GW more approvals, but new 830MW draws high-credit hyperscalers amid rising rental rates from power scarcity. Loan book averaged $1.8B despite crypto's 24% Q4 plunge, affirming demand resilience. Crypto's chilly, yet nearer range bottom on OG profit-taking exhaustion. Pain is crypto's ethos. Management stayed bullish; investors eye bill catalysts and tenant leases.
Key Stats
Market Cap
9.82BP/E (TTM)
43.41Basic EPS (TTM)
0.56Dividend Yield
0%Recent Filings
10-K
FY2025 results
Galaxy Digital posted a $241M net loss for FY2025 ended December 31, 2025, versus $347M profit in FY2024, as bitcoin fell 6% y/y while ether dropped 11%; Q4 drove the swing with $172M digital asset gains but $483M investment losses on Forward Industries and ETFs. Digital Assets revenue hit $60.4B on 42% higher trading volumes including an 80k BTC Q3 deal, while staking rewards rose 22% y/y to $220M on expanded validators; loan book averaged $1.8B (up 180%). Data Centers advanced with $1.4B Deutsche loan funding Helios' 133MW CoreWeave retrofit (full H1'26) plus 393MW phases to 526MW by 2028 on 1.6GW ERCOT power. Q4 accelerated AI/HPC capex to $1.4B property amid $878M drawn debt. Tokenized GLXY launched but risks liquidity splits. Regulatory shifts threaten crypto volatility.
8-K
Q4 loss on crypto drop
Galaxy Digital posted a Q4 2025 net loss of $482M, crushed by digital asset depreciation amid a 24% crypto market drop, yet full-year adjusted gross profit hit $426M with adjusted EBITDA of $34M. Total equity swelled to $3.0B, cash and stablecoins to $2.6B, while Helios data center secured 800MW CoreWeave deals. Losses stemmed from Treasury unrealized hits. Balance sheet fortified.
8-K
Galaxy doubles Helios power to 1.6 GW
Galaxy Digital secured ERCOT approval for an additional 830 MW at its Helios data center in West Texas on January 15, 2026, doubling total approved capacity to over 1.6 GW after completing the Large Load Interconnection Study and signing a service agreement with AEP Texas. This bolsters Helios's shift to a multi-gigawatt AI and HPC campus, with first-phase construction on track for early 2026 power-up under its CoreWeave lease. Capacity doubled overnight.
8-K
Analyst Day financial reveal
Galaxy Digital held its Analyst Day on December 11, 2025, unveiling detailed financials showing 2025 YTD net income of $240M, adjusted gross profit of $824M, and adjusted EBITDA of $551M. Helios data centers secured CoreWeave lease for 526 MW critical IT load, projecting $300M average annual payments over 15 years at 90% EBITDA margins. Presentation not filed under Exchange Act.
8-K
Q3 net income surges to $505M
Galaxy Digital released its financial supplement on November 10, 2025, revealing Q3 2025 net income of $505M, up sharply from Q2's $31M, fueled by $29.2B revenues and $817M operational gains. Digital Assets segment dominated with $234M profit; total assets hit $11.5B. Volatility persists in crypto exposure.
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