Galaxy Digital Holdings Ltd (GLXY) Balance Sheet
GLXY balance sheet, 2025
December 31, 2025 · U.S. dollars$11.35B assets = $8.31B liabilities + $3.03B equity
Both columns are drawn to the same scale: what GLXY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GLXY financial health
Descriptive bands, not a rating. Fiscal 2025.
GLXY balance sheet trends, 2015–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $527,1242015 | $11.35B2025 | +315.9%/yr | |
| Total liabilities | $27,0392015 | $8.31B2025 | +508.1%/yr | |
| Shareholders’ equity | $500,0852015 | $1.92B2025 | +225.2%/yr | |
| Cash & short-term investments | $520,7582015 | $6.67B2025 | +286.2%/yr | |
| Total debt | $2.96B2024 | $5.33B2025 | +80.3%/yr | |
| Net cash (debt) | $1.52B2024 | $1.34B2025 | −$184.7M | |
| Working capital | $500,0852015 | $3.20B2025 | +$3.2B | |
| Book value per share | $8.352021 | $12.092025 | +9.7%/yr | |
| Current ratio | 19.492015 | 1.602025 | −17.89 | |
| Debt / equity | 1.352024 | 2.772025 | +1.42 | |
| Shares outstanding | 94.2M2021 | 159.2M2025 | +14.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GLXY assets
GLXY liabilities and equity
GLXY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GLXY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $6.67B | $4.48B | $833,000 | $10.0M | $26.8M | $318,879 | $413,894 | $520,758 |
| Cash & equivalents | $1.45B | $739.2M | $833,000 | $10.0M | $26.8M | $318,879 | $413,894 | $520,758 |
| Short-term investments | $5.22B | $3.74B | — | — | — | — | — | — |
| Receivables | $1.66B | $1.17B | $88.4M | $68.9M | $20.5M | $2,515 | $3,413 | $5,098 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $183.5M | $234.5M | $0 | $0 | $0 | $1,259 | $1,176 | $1,268 |
| Total current assets | $8.52B | $5.88B | $89.2M | $78.9M | $47.3M | $322,653 | $418,483 | $527,124 |
| Property, plant & equipment (net) | $1.42B | $237.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $3.59B | $95.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.02B | $1.00B | $763.9M | $257.8M | $841.5M | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $22.2M | $57.6M | $0 | $0 | $0 | $0 |
| Total assets | $11.35B | $7.12B | $875.2M | $394.3M | $888.8M | $322,653 | $418,483 | $527,124 |
| Liabilities | ||||||||
| Accounts payable | $277.7M | $27.9M | — | — | — | $104,860 | $36,759 | $27,039 |
| Short-term debt | $2.84B | $2.11B | — | — | — | — | — | — |
| Deferred revenue | — | $358,000 | — | — | — | — | — | — |
| Total current liabilities | $5.31B | $3.89B | $57.2M | $56.8M | $66.6M | $104,860 | $36,759 | $27,039 |
| Long-term debt | $2.49B | $845.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $8.6M | $6.9M | — | — | — | — | — | — |
| Other long-term liabilities | $513.2M | $192.4M | $37.0M | $38.2M | $35.9M | $0 | $0 | $0 |
| Total liabilities | $8.31B | $4.93B | $94.2M | $95.0M | $102.5M | $104,860 | $36,759 | $27,039 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $192,000 | $2.19B | $422.2M | $419.9M | $417.4M | $1.8M | $1.7M | $1.7M |
| Retained earnings (deficit) | $342.9M | $342.9M | $264.1M | −$190.7M | $332.0M | −$4.3M | −$4.1M | −$4.0M |
| Accumulated other comprehensive income | −$2.0M | $791,000 | $94.8M | $70.1M | $36.9M | $2.7M | $895,332 | $985,568 |
| Minority interest | $1.08B | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $1.92B | $2.19B | $781.0M | $299.3M | $786.3M | $217,793 | $381,724 | $500,085 |
| Key figures | ||||||||
| Total debt | $5.33B | $2.96B | — | — | — | — | — | — |
| Net cash (debt) | $1.34B | $1.52B | — | — | — | — | — | — |
| Working capital | $3.20B | $1.99B | $32.0M | $22.1M | −$19.3M | $217,793 | $381,724 | $500,085 |
| Tangible book value | −$1.67B | $2.10B | $781.0M | $299.3M | $786.3M | $217,793 | $381,724 | $500,085 |
| Book value per share | $12.09 | $18.16 | $6.15 | $2.86 | $8.35 | — | — | — |
| Shares outstanding | 159.2M | 120.8M | 127.0M | 104.8M | 94.2M | — | — | — |
| Current ratio | 1.60 | 1.51 | 1.56 | 1.39 | 0.71 | 3.08 | 11.38 | 19.49 |
| Quick ratio | 1.57 | 1.45 | 1.56 | 1.39 | 0.71 | 3.06 | 11.35 | 19.45 |
| Debt / equity | 2.77 | 1.35 | — | — | — | — | — | — |
| Equity / assets | 17.0% | 30.8% | 89.2% | 75.9% | 88.5% | 67.5% | 91.2% | 94.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.55B | $910.7M | $1.25B | $1.25B | $691.3M | $3.69B | $4.48B | $1.7M | $1.7M | $1.7M | $833,000 | — |
| Cash & equivalents | $895.7M | $910.7M | $1.25B | $1.25B | $691.3M | $509.4M | $739.2M | $1.7M | $1.7M | $1.7M | $833,000 | — |
| Short-term investments | $658.0M | $1.54B | $1.70B | $1.18B | $1.12B | $3.18B | $3.74B | — | $508.4M | $579.0M | — | — |
| Receivables | $86.5M | $730.8M | $1.08B | $1.08B | $1.47B | $739.8M | $1.17B | $112.5M | $106.9M | $97.8M | $88.4M | $90.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.04B | $0 | $983.7M |
| Other current assets | $5.60B | $5.30B | $6.19B | $6.19B | $5.20B | $659.6M | $234.5M | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7.24B | $6.94B | $8.52B | $8.52B | $7.36B | $5.09B | $5.88B | $114.2M | $108.7M | $99.5M | $89.2M | $90.3M |
| Property, plant & equipment (net) | $2.22B | $1.78B | $1.42B | $1.42B | $596.1M | $262.2M | $237.0M | $0 | $277.6M | $271.9M | $0 | $250.0M |
| Goodwill & intangible assets | $2.52B | $2.81B | $3.59B | $3.59B | $3.25B | $2.18B | $95.4M | $0 | $81.6M | $44.3M | $0 | $81.3M |
| Long-term investments | $884.1M | $875.1M | $1.02B | $1.25B | $863.7M | $0 | $1.00B | $929.8M | $945.3M | $898.3M | $763.9M | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.5M | $0 | $0 | $22.2M | $71.8M |
| Total assets | $10.84B | $9.99B | $11.35B | $11.35B | $9.09B | $6.34B | $7.12B | $1.06B | $1.07B | $997.8M | $875.2M | $493.4M |
| Liabilities | ||||||||||||
| Accounts payable | $306.8M | $270.0M | $277.7M | $277.7M | $226.1M | $3.7M | $27.9M | — | $40.8M | $111.6M | — | $779,000 |
| Short-term debt | $437.0M | $432.7M | $2.84B | $428.5M | $3.18B | $3.16B | $2.11B | — | $1.17B | $1.25B | — | $325.6M |
| Deferred revenue | — | — | — | — | — | — | $358,000 | — | $405,000 | — | — | $75,000 |
| Total current liabilities | $4.81B | $4.08B | $5.31B | $5.31B | $5.47B | $3.50B | $3.89B | $61.7M | $62.3M | $58.7M | $57.2M | $59.3M |
| Long-term debt | $2.85B | $2.68B | $2.49B | $1.16B | $734.1M | $0 | $845.2M | $0 | $427.7M | $421.4M | $0 | $0 |
| Lease obligations | — | — | $8.6M | — | — | — | $6.9M | — | $12.2M | $13.2M | — | — |
| Other long-term liabilities | $457.4M | $447.4M | $513.2M | $1.84B | $256.1M | $932.5M | $192.4M | $37.2M | $0 | $0 | $37.0M | $38.1M |
| Total liabilities | $8.12B | $7.21B | $8.31B | $8.31B | $6.46B | $4.43B | $4.93B | $98.9M | $99.5M | $101.4M | $94.2M | $97.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $194,000 | $191,000 | $192,000 | $192,000 | $170,000 | $1.90B | $2.19B | $541.6M | $538.2M | $421.5M | $422.2M | $413.9M |
| Retained earnings (deficit) | $232.9M | $250.8M | $342.9M | $342.9M | $332.3M | −$4,000 | $342.9M | $308.2M | $324.6M | $374.1M | $264.1M | −$107.5M |
| Accumulated other comprehensive income | $1.9M | $201,000 | −$2.0M | −$2.0M | $0 | — | $791,000 | $109.8M | $105.2M | $100.9M | $94.8M | $89.6M |
| Minority interest | $896.7M | $966.9M | $1.08B | $1.41B | $1.12B | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.82B | $1.81B | $1.92B | $1.92B | $1.51B | $1.90B | $2.19B | $959.6M | $968.0M | $896.5M | $781.0M | $396.0M |
| Key figures | ||||||||||||
| Total debt | $3.26B | $3.06B | $5.33B | $2.86B | $3.92B | $3.94B | $2.96B | — | $1.60B | $1.69B | — | $732.7M |
| Net cash (debt) | −$1.71B | −$2.15B | −$4.08B | −$1.61B | −$3.23B | −$241.6M | $1.52B | — | −$1.60B | −$1.68B | — | −$732.7M |
| Working capital | $2.43B | $2.86B | $3.20B | $3.20B | $1.89B | $1.59B | $1.99B | $52.5M | $46.3M | $40.8M | $32.0M | $31.0M |
| Tangible book value | −$693.9M | −$994.5M | −$1.67B | −$1.67B | −$1.74B | −$280.3M | $2.10B | $959.6M | $886.4M | $852.2M | $781.0M | $314.7M |
| Book value per share | $9.45 | $9.43 | $10.12 | $4.95 | $10.53 | $14.86 | $17.36 | $7.65 | $7.91 | $8.18 | $6.15 | $3.71 |
| Shares outstanding | 192.9M | 192.1M | 190.3M | 389.2M | 143.1M | 128.0M | 126.4M | 125.4M | 122.3M | 109.5M | 127.0M | 106.7M |
| Current ratio | 1.50 | 1.70 | 1.60 | 1.60 | 1.34 | 1.45 | 1.51 | 1.85 | 1.74 | 1.70 | 1.56 | 1.52 |
| Quick ratio | 0.34 | 0.40 | 0.44 | 0.44 | 0.39 | 1.27 | 1.45 | 1.85 | 1.74 | 1.70 | 1.56 | 1.52 |
| Debt / equity | 1.79 | 1.69 | 2.77 | 1.49 | 2.60 | 2.07 | 1.35 | — | 1.65 | 1.88 | — | 1.85 |
| Equity / assets | 16.8% | 18.1% | 17.0% | 17.0% | 16.6% | 30.0% | 30.8% | 90.7% | 90.7% | 89.8% | 89.2% | 80.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
GLXY financial position
At the end of fiscal 2025 (December 31, 2025), Galaxy Digital had total assets of $11.3 billion (up 59.4% from a year earlier), total liabilities of $8.3 billion and shareholders' equity of $1.9 billion. It held $6.7 billion in cash and short-term investments against $5.3 billion of debt, a net cash position of $1.3 billion. Its current ratio was 1.60. In the latest quarter (ended June 30, 2026) total assets were $10.8 billion and equity $1.8 billion.
Related: GLXY income statement, GLXY cash flow statement, GLXY key metrics. See the GLXY stock overview for the latest quote and news.
GLXY balance sheet FAQ
What are Galaxy Digital's total assets?
Galaxy Digital reported total assets of $11.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.1 billion a year earlier.
How much debt does Galaxy Digital have?
Galaxy Digital had $5.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.77.
How much cash does Galaxy Digital have?
Galaxy Digital held $6.7 billion in cash and short-term investments at the end of fiscal 2025; with $5.3 billion of debt that is net cash of $1.3 billion.
What is Galaxy Digital's book value?
Galaxy Digital's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $12.09 per share.
What is Galaxy Digital's current ratio?
Galaxy Digital had current assets of $8.5 billion and current liabilities of $5.3 billion, a current ratio of 1.60 (it can cover its short-term obligations).
How much goodwill does Galaxy Digital have?
Galaxy Digital carried $3.6 billion of goodwill and intangible assets, 31.7% of total assets, at the end of fiscal 2025.