GLXY on Nasdaq
Galaxy Digital Inc.
$18.33 up 0.40 (2.23%)Price as of Oct 15, 2026 at 19:45 UTC
Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Digital Assets Sales brought in 99% of the revenue Galaxy Digital Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Digital Assets Sales | $51.5B | $42.2B | $59.9B |
| Blockchain Rewards | $5.7M | $180.8M | $219.9M |
| Fee | $50.8M | $103.2M | $158.6M |
| Proprietary Mining | $33.1M | $63.3M | $14.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$60.2B
- Income tax0¢$29.3M
Out of $60.2B in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $60.4B | $42.6B | $51.6B |
| Gains / (losses) from operations | $948.9M | $1.2B | $582.9M |
| Revenues and gains / (losses) from operations | $61.4B | $43.8B | $52.2B |
| Transaction expenses | $60.2B | $42.4B | $51.5B |
| Impairment of digital assets | $753.7M | $331.9M | $98.3M |
| Compensation and benefits | $299.9M | $265.6M | $219.3M |
| General and administrative | $182.9M | $279.3M | $58.4M |
| Technology | $46.9M | $30.5M | $20.1M |
| Professional fees | $75.0M | $51.1M | $38.1M |
| Notes interest expense | $59.2M | $30.8M | $27.3M |
| Total operating expenses | $61.6B | $43.4B | $52.0B |
| Unrealized gain / (loss) on notes payable - derivative | -$35.5M | -$31.7M | -$9.6M |
| Other income / (expense), net | $2.7M | $2.8M | -$135.0K |
| Total other income / (expense) | -$32.8M | -$29.0M | -$9.7M |
| Net income / (loss) before taxes | -$270.7M | $329.8M | $244.4M |
| Income taxes expense / (benefit) | -$29.3M | -$16.9M | $15.9M |
| Net income / (loss) | -$241.3M | $346.7M | $228.5M |
| Change in fair value of cash flow hedges | $0 | ||
| Other comprehensive income (loss) | -$4.5M | $0 | $0 |
| Comprehensive income (loss) | -$245.9M | $346.7M | $228.5M |
| Class B Unit holders of GDH LP | -$204.7M | $230.5M | $152.7M |
| Noncontrolling interests | $45.8M | $0 | $0 |
| Class A common stockholders of the Company | -$86.9M | $116.3M | |
| Net income (loss) used in calculation of net income / (loss) per share of Class A common stock | $75.9M | ||
| Basic (in shares) | 159.2M shares | 120.8M shares | 105.7M shares |
| Diluted (in shares) | 366.5M shares | 356.7M shares | 326.0M shares |
| Income / (loss) for the period | -$241.3M | $346.7M | $228.5M |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.2B | $462.1M | |
| Digital intangible assets (includes $2,717.4 and $1,997.4 million measured at fair value) | $3.5B | $2.5B | |
| Digital financial assets | $988.6M | $359.7M | |
| Digital asset loans receivable, net of allowance | $1.1B | $579.5M | |
| Investments | $709.1M | $834.8M | |
| Assets posted as collateral, net of allowance | $200.0M | $277.1M | |
| Derivative assets | $83.8M | $207.7M | |
| Digital assets receivable | $3.8M | $53.6M | |
| Loans receivable, net of allowance | $554.4M | $476.6M | |
| Prepaid expenses and other assets | $99.7M | $26.9M | |
| Total current assets | $8.5B | $5.9B | |
| Digital assets receivable | $4.7M | $7.1M | |
| Digital asset loans receivable, net of allowance, non-current | $8.9M | $0 | |
| Investments (includes $864.0 and $745.5 million measured at fair value) | $1.0B | $808.7M | |
| Digital intangible assets | $26.8M | $21.0M | |
| Loans receivable, net of allowance, non-current | $2.6M | $0 | |
| Property and equipment, net | $1.4B | $237.0M | |
| Other non-current assets | $276.3M | $107.1M | |
| Goodwill | $66.5M | $58.0M | $44.3M |
| Total non-current assets | $2.8B | $1.2B | |
| Total assets | $11.3B | $7.1B | |
| Derivative liabilities | $40.5M | $165.9M | |
| Accounts payable and accrued liabilities (includes $0.0 and $96.9 million due to related parties) | $277.7M | $281.5M | |
| Digital assets borrowed | $2.4B | $1.5B | |
| Payable to customers | $85.8M | $19.5M | |
| Loans payable | $52.6M | $510.7M | |
| Collateral payable | $2.0B | $1.4B | |
| Notes payable - current | $428.5M | $0 | |
| Other current liabilities | $85.1M | $13.0M | |
| Total current liabilities | $5.3B | $3.9B | |
| Notes payable | $2.4B | $845.2M | |
| Digital assets borrowed, non-current | $56.1M | $0 | |
| Other non-current liabilities (includes $72.3 and $0.0 million due to related parties) | $513.2M | $192.4M | |
| Total non-current liabilities | $3.0B | $1.0B | |
| Total liabilities | $8.3B | $4.9B | |
| GDH LP Unit Holders | $0 | $2.2B | |
| Additional Paid in Capital | $1.6B | $0 | |
| Accumulated other comprehensive income (loss) | -$2.0M | $0 | |
| Retained Earnings | $342.9M | $0 | |
| Total stockholders equity | $2.0B | $2.2B | |
| Noncontrolling interest | $1.1B | $0 | |
| Total equity | $3.0B | $2.2B | $1.7B |
| Total liabilities and equity | $11.3B | $7.1B | |
| Digital intangible asset, fair value | $2.7B | $2.0B | |
| Due from related parties | $34.0M | $55.3M | |
| Fair value | $864.0M | $745.5M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income / (loss) for the year | -$241.3M | $346.7M | $228.5M |
| Digital assets sales revenue | -$20.5B | -$11.2B | -$24.5B |
| Digital assets sales cost | $20.2B | $11.3B | $24.5B |
| Impairment of digital assets | $257.0M | $89.8M | $46.8M |
| Provision for credit losses | -$2.6M | $3.6M | $0 |
| Depreciation and amortization | $34.1M | $46.9M | $22.9M |
| Other impairment loss | $87.3M | $101.0K | $0 |
| Equity based compensation | $53.6M | $74.9M | $81.7M |
| Noncash management fee | -$56.9M | $0 | $0 |
| Noncash borrowing costs | $129.3M | $70.5M | $8.2M |
| Noncash interest and net staking income | -$127.1M | -$100.5M | -$24.9M |
| Net realized loss on disposal | $0 | $0 | $2.1M |
| Net (gains) / losses from operations | -$948.9M | -$1.2B | -$582.9M |
| Net unrealized (gain) / loss on notes payablederivative | $35.5M | $31.7M | $9.6M |
| Noncash notes interest expense | $35.7M | $17.5M | $13.9M |
| Taxes | $41.1M | -$8.4M | $2.5M |
| Other noncash adjustments | $698.0K | $682.0K | $390.0K |
| Digital assets | $434.7M | $153.2M | $148.3M |
| Digital assets receivable | $490.0K | $33.0K | -$2.6M |
| Investments | -$60.2M | $0 | $0 |
| Derivative assets / liabilities | $323.0M | $238.9M | $122.4M |
| Accounts receivable | $24.7M | $3.5M | $8.0M |
| Prepaid expenses and other assets | -$73.4M | $10.0M | -$8.5M |
| Other non-current assets | -$186.4M | $0 | $2.0M |
| Collateral receivable / payable | -$56.4M | $65.7M | -$48.8M |
| Accounts payable and accrued liabilities | $17.9M | $91.5M | $18.2M |
| Other current liabilities | $16.2M | -$422.2M | -$13.2M |
| Other non-current liabilities | $235.3M | $127.4M | -$4.5M |
| Net cash provided by / (used in) operating activities | -$316.6M | -$205.1M | -$4.1M |
| Proceeds from repayments and maturities of loans receivable | $554.4M | $200.7M | $66.7M |
| Origination of loans receivable | -$650.9M | -$279.1M | -$279.8M |
| Purchase of property, equipment and intangible assets | -$1.2B | -$59.0M | -$45.6M |
| Acquisitions, net of cash received | -$7.8M | -$5.1M | -$43.9M |
| Disposal of property and equipment | $11.3M | $3.0M | $653.0K |
| Purchase of investments | -$2.6B | -$3.3B | -$192.3M |
| Proceeds and distributions from investments | $2.6B | $2.9B | $209.5M |
| Net cash provided by / (used in) investing activities | -$1.3B | -$521.6M | -$284.8M |
| Payable to customers | -$17.1M | $16.1M | -$6.1M |
| Proceeds from loans payable | $380.3M | $315.5M | $117.2M |
| Repayments of loans payable | -$509.4M | -$228.6M | -$25.7M |
| Margin loans payable, net | -$311.5M | $330.7M | $0 |
| Proceeds from notes payable, net of issuance costs | $2.1B | $388.9M | $0 |
| Share issuance, net of costs | $851.2M | $125.4M | $11.1M |
| Distributions | -$49.3M | -$55.3M | -$22.4M |
| Cancellation of Class A Units withheld | -$51.4M | -$20.5M | -$10.7M |
| Net cash provided by / (used in) financing activities | $2.4B | $872.2M | $63.4M |
| Net increase / (decrease) in cash and cash equivalents | $784.1M | $145.5M | -$225.5M |
| Interest | $53.3M | $51.1M | $23.3M |
| Taxes | $5.8M | $8.6M | $9.3M |
| Digital assets loan receivable, net of allowance | $522.1M | $475.4M | $54.5M |
| Payables to customers - digital assets | $83.4M | $0 | $0 |
| Assets posted as collateral | $78.4M | $37.6M | $291.0M |
| Digital assets borrowed | $919.7M | $1.1B | $227.7M |
| Collateral payable | $636.2M | $754.7M | $496.5M |
| Purchase of investments with noncash contributions | $374.3M | $13.4M | $3.4M |
| Payable for investments purchased | $0 | $3.4M | $0 |
| Proceeds from investments included in receivables | $70.0K | $218.0K | $150.0K |
| Proceeds from investments received as non-cash contributions | $320.6M | $142.9M | $2.0M |
| Additions to property, plant and equipment and intangible assets | $116.8M | $160.0K | $11.7M |
| Disposals of property, plant and equipment and intangible assets | $1.2M | $0 | $0 |
| Reclassification between digital assets receivable and investments | $2.2M | $389.0K | $18.8M |
| Origination of loans receivable with noncash consideration | $0 | $10.8M | $10.7M |
| Receivable for repayment of loans receivable | $1.2M | $0 | $0 |
| Repayment of loans receivable with non-cash considerations | $17.5M | $0 | $0 |
| Repayments of loans payable with non-cash consideration | $17.5M | $0 | $0 |
Former names
- Galaxy Digital Pubco Inc.May 5, 2021 to Sep 14, 20214
Recent filings
- Oct 5, 20263
- Sep 30, 20263
- Sep 23, 20268-K
- Sep 10, 20264
- Sep 9, 2026144
- Sep 2, 20264
- Sep 2, 20264
- Aug 31, 2026N-PX
- Aug 21, 2026144
- Aug 18, 20264
- Aug 14, 20264
- Aug 14, 202613F-HR
- Aug 10, 20264
- Aug 10, 202610-Q
- Aug 10, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 2Yahoo FinanceGLXY quote
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