Galaxy Digital Holdings Ltd (GLXY) Income Statement
GLXY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGLXY revenue and net income
Where GLXY's revenue goes
2025Each bar shows an amount and its share of revenue. GLXY kept −0.1% of revenue as net income.
GLXY profit margins
GLXY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +40.2% | — | — | — |
| Gross profit | −11.9% | — | — | — |
| Operating income | −20.3% | — | — | — |
| Net income | −173.0% | — | — | — |
| EPS (diluted) | −145.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GLXY quarterly EPS vs estimates
Galaxy Digital beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 27, 2026 (estimate $-0.03).
GLXY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.36B | $43.76B | $51.63B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $60.21B | $42.46B | $51.73B | — | — | — | — | — | — | — |
| Gross profit | $1.15B | $1.30B | −$106.7M | — | — | — | — | — | — | — |
| Research & development | $46.9M | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $257.9M | $3.2M | $2.2M | $2.5M | $4.3M | $1.9M | $1.3M | $957,817 | $160,099 | $123,000 |
| Total operating expenses | $570.7M | $579.6M | $2.2M | $2.5M | $4.3M | $1.9M | $1.3M | $957,817 | $160,099 | $123,000 |
| Operating income | $575.1M | $721.5M | −$2.2M | −$2.5M | −$4.3M | −$1.9M | −$1.3M | −$957,817 | −$160,099 | −$123,000 |
| Interest income | — | $7.7M | $5.1M | $1.9M | $0 | — | — | — | — | — |
| Interest expense | $59.2M | $30.8M | $27.3M | — | — | — | — | — | — | — |
| Income before taxes | −$270.7M | $452.0M | $493.2M | −$578.6M | $504.0M | $103.4M | −$132.5M | −$36.7M | −$184,290 | −$135,550 |
| Income taxes | −$29.3M | −$16.9M | $38.5M | −$55.9M | $102.0M | — | — | — | — | — |
| Net income | −$84.9M | $116.3M | $454.8M | −$522.7M | $402.1M | $103.4M | −$132.5M | −$36.7M | −$184,290 | −$135,550 |
| EBITDA | $609.2M | $768.4M | −$2.2M | −$2.5M | −$4.3M | −$1.9M | −$1.3M | −$957,817 | −$160,099 | −$123,000 |
| EPS (diluted) | −$0.85 | $1.86 | $0.90 | −$3.10 | $4.81 | $1.28 | −$6.26 | −$1.09 | −$1.18 | −$0.87 |
| Gross margin | 1.9% | 3.0% | −0.2% | — | — | — | — | — | — | — |
| Operating margin | 0.9% | 1.6% | −0.0% | — | — | — | — | — | — | — |
| Net margin | −0.1% | 0.3% | 0.9% | — | — | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.71B | $10.21B | $10.22B | $29.22B | $9.06B | $12.98B | $16.35B | $8.71B | $8.86B | $9.34B | $0 | $0 |
| Cost of revenue | $8.49B | $10.02B | $10.31B | $28.30B | $8.64B | $12.96B | $15.76B | $8.55B | $8.85B | $9.30B | — | $39.7M |
| Gross profit | $215.6M | $190.6M | −$88.7M | $918.7M | $420.2M | $15.6M | $588.2M | $163.1M | $18.9M | $37.8M | — | −$35.8M |
| Research & development | — | — | $13.9M | $11.5M | $21.5M | $9.9M | — | — | — | $6.5M | — | — |
| Sales, general & admin | $138.0M | $31.5M | $35.4M | $73.2M | $42.0M | $107.3M | $722,000 | $1.7M | $1.7M | $472,000 | $353,000 | $288,000 |
| Total operating expenses | $138.0M | $123.9M | $135.6M | $162.3M | $112.1M | $160.6M | $307.9M | $86.7M | $93.6M | $91.4M | $353,000 | $288,000 |
| Operating income | $77.5M | $66.7M | −$224.3M | $756.4M | $308.1M | −$145.0M | $280.3M | $76.4M | −$74.7M | −$53.6M | −$353,000 | −$288,000 |
| Interest income | — | — | — | — | — | — | $2.2M | $2.0M | $1.8M | $1.6M | $1.9M | — |
| Interest expense | $25.1M | $17.6M | $16.5M | $14.4M | $14.2M | $14.1M | $9.7M | $7.1M | $7.0M | $7.0M | — | $12.6M |
| Income before taxes | −$128.2M | −$234.6M | −$556.5M | $545.2M | $42.2M | −$301.5M | $177.0M | −$41.2M | −$203.2M | $539.1M | $409.5M | −$74.7M |
| Income taxes | −$42.9M | −$18.2M | −$74.8M | $40.1M | $11.5M | −$6.1M | −$4.3M | −$7.9M | −$14.0M | $9.3M | $37.9M | −$5.9M |
| Net income | −$17.9M | −$94.5M | −$195.4M | $208.5M | $14.5M | −$295.4M | $191.6M | −$12.3M | −$45.4M | $388.1M | $371.5M | −$68.8M |
| EBITDA | −$93.9M | $72.6M | −$217.7M | $763.8M | $314.6M | −$131.4M | $293.7M | $89.4M | −$63.7M | −$44.1M | −$353,000 | $7.8M |
| EPS (diluted) | −$0.09 | −$0.48 | −$1.08 | $1.01 | $0.08 | −$0.86 | $1.31 | −$0.16 | −$0.52 | $1.23 | $0.92 | −$0.29 |
| Gross margin | 2.5% | 1.9% | −0.9% | 3.1% | 4.6% | 0.1% | 3.6% | 1.9% | 0.2% | 0.4% | — | — |
| Operating margin | 0.9% | 0.7% | −2.2% | 2.6% | 3.4% | −1.1% | 1.7% | 0.9% | −0.8% | −0.6% | — | — |
| Net margin | −0.2% | −0.9% | −1.9% | 0.7% | 0.2% | −2.3% | 1.2% | −0.1% | −0.5% | 4.2% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GLXY's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GLXY financial results
In fiscal year 2025 (ended December 31, 2025), Galaxy Digital reported revenue of $61.4 billion, up 40.2% from the year before. It had a net loss of $84.9 million, a net profit margin of −0.1%. Diluted earnings per share came to −$0.85.
See the GLXY stock overview for the latest quote and news, or the GLXY chart for price history and technical indicators.
GLXY income statement FAQ
What is Galaxy Digital's annual revenue?
Galaxy Digital reported total revenue of $61.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 40.2% from $43.8 billion the previous year.
Is Galaxy Digital profitable?
No. Galaxy Digital reported a net loss of $84.9 million in fiscal 2025, a net profit margin of −0.1%; its operating margin was 0.9%.
What is Galaxy Digital's gross margin?
Galaxy Digital's gross margin was 1.9% in fiscal 2025: for every $100 of revenue, Galaxy Digital kept $2 after the direct cost of its products and services.
How much does Galaxy Digital spend on research and development?
Galaxy Digital spent $46.9 million on research and development in fiscal 2025, 0.1% of revenue.
What are Galaxy Digital's earnings per share?
Galaxy Digital earned $-0.85 per diluted share in fiscal 2025, compared with $1.86 a year earlier.
When will Galaxy Digital report its next earnings?
Galaxy Digital is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Galaxy Digital's fiscal year end?
Galaxy Digital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.