GLXY

MKT CAP:$9B

Galaxy Digital

Market Cap

$9B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$26.80+$2.05 (+8.28%)

Apr 20, 2026

Company Details

Galaxy Digital Inc. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and serv...

CEO

Michael Edward Novogratz

IPO Date

May 16, 2025

Website

www.galaxy.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

$447M

EPS (Diluted)

$3.24

Free Cash Flow

-$13M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

19.3x

Earnings Reports

Q1 2025

May 5, 2026

PENDING

FY 2025

Feb 26, 2026

$61.4B+44.0%EPS -$0.53

FY 2024

Dec 31, 2024

$42.6BEPS $0.63

Q4 2024

Dec 31, 2024

$0EPS $0.28

Q1 2024

Mar 31, 2024

$0EPS $0.82

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$0	$0	-$346.0K
Q3 20	$0	$0	-$456.0K
Q4 20	$0	$0	-$915.2K
Q1 21	$0	$1.1B	-$1M
Q2 21	$0	-$300M	-$1M
Q3 21	$0	$0	-$626.0K
Q4 21	$0	$0	-$844.0K
Q1 22	$0	$6M	-$696.0K
Q2 22	$0	-$582M	-$58.0K
Q3 22	$0	-$13M	-$413.0K
Q4 22	$0	$0	-$455.0K
Q1 23	$0	$105M	$0
Q3 23	$0	-$36M	-$288.0K
Q4 23	$0	$0	-$353.0K
Q1 24	$0	$187M	-$4M
Q4 24	$0	$42.2B	-$722.0K

Valuation

Quarter	P/S	P/E
Q2 20	—	279.9x
Q3 20	—	—
Q4 20	—	32.7x
Q1 21	—	10.9x
Q2 21	—	13.3x
Q3 21	—	9.5x
Q4 21	—	8.4x
Q1 22	—	19.1x
Q2 22	—	46.1x
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q3 23	—	—
Q4 23	—	16.6x
Q1 24	—	6.7x
Q4 24	—	7.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	-$20.3K	-$20.3K
Q3 18	-$245.2K	-$245.2K
Q1 19	-$169	-$169
Q2 19	$0	$0
Q1 20	$0	$0
Q1 21	$7M	$7M
Q2 21	-$818.0K	-$818.0K
Q1 22	-$22M	-$22M
Q2 22	-$12M	-$12M
Q3 22	-$34M	-$34M
Q4 22	-$9M	-$9M
Q1 23	-$10M	-$10M
Q3 23	-$2M	-$2M
Q4 23	$833.0K	$833.0K
Q1 24	-$12M	-$12M
Q4 24	$77.0K	$77.0K

Capital Expenditures

Quarter	CapEx
Q2 18	$200.1K
Q3 18	$0
Q1 19	$19.4K
Q2 19	$8.4K
Q1 20	$0
Q1 21	$3M
Q2 21	$393.0K
Q1 22	$18M
Q2 22	$84M
Q3 22	$14M
Q4 22	$0
Q1 23	$11M
Q3 23	$13M
Q4 23	$0
Q1 24	$25M
Q4 24	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	—	+82.7%
Q3 20	—	+76.2%
Q4 20	—	+253.0%
Q1 21	—	+655.9%
Q2 21	—	+298.0%
Q3 21	—	+37.3%
Q4 21	—	-7.8%
Q1 22	—	-50.5%
Q2 22	—	-95.8%
Q3 22	—	-34.0%
Q4 22	—	-46.1%
Q1 23	—	-100.0%
Q3 23	—	+396.6%
Q4 23	—	-14.5%
Q1 24	—	+825.5%
Q4 24	—	—

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$0	—
Q3 18	$0	—
Q1 19	$10M	—
Q2 19	$7M	—
Q1 20	$2M	—
Q1 21	$7M	—
Q2 21	$14M	—
Q1 22	$23M	—
Q2 22	$31M	—
Q3 22	$28M	—
Q4 22	$0	—
Q1 23	$24M	—
Q3 23	$19M	—
Q4 23	$0	—
Q1 24	$18M	—
Q4 24	$0	—

OpEx Breakdown

Quarter	G&A	S&M
Q2 20	$346.0K	—
Q3 20	$456.0K	—
Q4 20	$915.2K	—
Q1 21	$1M	$564.0K
Q2 21	$1M	$1M
Q3 21	$626.0K	—
Q4 21	$844.0K	—
Q1 22	$696.0K	$4M
Q2 22	$914.0K	$3M
Q3 22	$413.0K	$1M
Q4 22	$455.0K	—
Q1 23	$667.0K	$1M
Q3 23	$288.0K	$881.0K
Q4 23	$353.0K	—
Q1 24	$472.0K	—
Q4 24	$722.0K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3M	$1.0B	$1.0B
Q2 22	$9M	$0	$9M
Q3 22	$3M	$0	$3M
Q4 22	$10M	$0	$10M
Q1 23	$0	$0	$0
Q2 23	$0	$0	$0
Q3 23	$0	$0	$0
Q4 23	$833.0K	$0	$833.0K
Q1 24	$2M	$0	$2M
Q2 24	$2M	$0	$2M
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$509M	$0	$509M
Q2 25	$691M	$0	$691M
Q3 25	$1.1B	$0	$1.1B
Q4 25	$1.2B	$0	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	296M	+346.2%	-2.1%
Q3 20	298M	+0.6%	-2.0%
Q4 20	0	-100.0%	-100.0%
Q1 21	342M	—	+415.2%
Q2 21	93M	-72.9%	-68.7%
Q3 21	349M	+276.6%	+17.2%
Q4 21	0	-100.0%	—
Q1 22	101M	—	-70.6%
Q2 22	110M	+9.1%	+18.3%
Q3 22	107M	-2.3%	-69.3%
Q4 22	0	-100.0%	—
Q1 23	121M	—	+20.4%
Q3 23	107M	-11.8%	-2.7%
Q4 23	134M	+25.2%	+24.6%
Q1 24	140M	+4.9%	—
Q4 24	125M	-10.6%	+3.6%

Shares Outstanding