Galaxy Digital Holdings Ltd (GLXY) Key Metrics
GLXY valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $9.51B
- Enterprise value
- $7.47B
- P/E (TTM)
- — 10-yr median 4.9
- Forward P/E
- 125.0
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 0.0
- Price / book
- 2.9 10-yr median 1.3
- EV / EBITDA
- 12.7
- Dividend yield
- —
- Beta
- 3.76
GLXY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGLXY valuation Price multiples at each fiscal year-end price.
GLXY returns How much profit the business earns on the capital it uses.
GLXY per-share figures Results divided by the shares outstanding at year-end.
GLXY financial health Debt, liquidity and how easily interest is covered.
GLXY efficiency & capital use Working capital cycle and where the cash goes.
GLXY valuation history
GLXY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GLXY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GLXY cash returned to shareholders
GLXY price vs earnings per share
GLXY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.56B | $2.10B | $990.8M | $297.3M | $1.68B | $588.1M | $54.1M | — | — | — |
| Enterprise value | $2.22B | $571.6M | $989.9M | $287.3M | $1.65B | — | — | — | — | — |
| P/E ratio | — | 18.0 | 2.2 | — | 4.2 | 5.7 | — | — | — | — |
| Price / sales | 0.1 | 0.0 | 0.0 | — | — | — | — | — | — | — |
| Price / book | 1.8 | 1.0 | 1.3 | 1.0 | 2.1 | — | — | — | — | — |
| EV / sales | 0.0 | 0.0 | 0.0 | — | — | — | — | — | — | — |
| EV / EBITDA | 3.6 | 0.7 | — | — | — | — | — | — | — | — |
| Earnings yield | −2.4% | 5.5% | 45.9% | −175.8% | 24.0% | 17.6% | −245.0% | — | — | — |
| Free cash flow yield | −40.7% | −0.9% | −1.7% | −25.8% | −1.2% | — | — | — | — | — |
| Dividend yield | 1.4% | 2.6% | 2.3% | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 2.8% | 3.6% | 3.3% | 17.9% | 0.0% | — | — | — | — | — |
| Share price at fiscal year-end | $22.36 | $17.34 | $7.80 | $2.84 | $17.80 | $8.58 | $0.81 | $0.73 | — | $1.27 |
| Per share | ||||||||||
| Revenue per share | $385.40 | $362.09 | $406.39 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — |
| Earnings per share | −$0.53 | $0.96 | $3.58 | −$4.99 | $4.27 | $1.51 | −$2.00 | — | — | — |
| Operating cash flow per share | −$1.61 | −$0.15 | −$0.13 | −$0.73 | −$0.21 | — | — | — | — | — |
| Free cash flow per share | −$9.10 | −$0.15 | −$0.13 | −$0.73 | −$0.21 | — | — | — | — | — |
| Cash per share | $41.90 | $37.08 | $0.01 | $0.10 | $0.28 | — | — | — | — | — |
| Book value per share | $12.09 | $18.16 | $6.15 | $2.86 | $8.35 | — | — | — | — | — |
| Tangible book value per share | −$10.48 | $17.37 | $6.15 | $2.86 | $8.35 | — | — | — | — | — |
| Dividends per share | $0.31 | $0.46 | $0.18 | — | — | — | — | — | — | — |
| Capex per share | $7.49 | $0.49 | $0.36 | $0.00 | $0.00 | — | — | — | — | — |
| Debt per share | $33.49 | $24.47 | — | — | — | — | — | — | — | — |
| Shares outstanding | 159.2M | 120.8M | 127.0M | 104.8M | 94.2M | 68.5M | 66.4M | — | — | — |
| Change in shares outstanding | +31.7% | −4.9% | +21.2% | +11.3% | +37.5% | +3.2% | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −4.1% | 7.8% | 84.2% | −96.3% | 51.1% | — | — | — | −61.5% | −30.7% |
| Return on invested capital (ROIC) | 72.3% | 99.5% | −0.4% | −0.4% | −0.4% | — | — | — | — | — |
| Return on assets (ROA) | −0.9% | 2.9% | 71.6% | −81.5% | 45.2% | — | — | — | −49.7% | −28.7% |
| Return on tangible assets | −1.1% | 1.7% | 52.0% | −132.6% | 45.2% | — | — | — | −57.1% | −32.4% |
| Free cash flow margin | −2.4% | −0.0% | −0.0% | — | — | — | — | — | — | — |
| Income quality (OCF / net income) | — | −0.16 | −0.04 | — | −0.05 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $5.33B | $2.96B | — | — | — | — | — | — | — | — |
| Cash & short-term investments | $6.67B | $4.48B | $833,000 | $10.0M | $26.8M | — | — | — | $318,879 | $413,894 |
| Net debt | −$1.34B | −$1.52B | −$833,000 | −$10.0M | −$26.8M | — | — | — | −$318,879 | −$413,894 |
| Debt / equity | 2.77 | 1.35 | — | — | — | — | — | — | — | — |
| Debt / assets | 0.47 | 0.42 | — | — | — | — | — | — | — | — |
| Net debt / EBITDA | −2.20 | −1.98 | — | — | — | — | — | — | — | — |
| Current ratio | 1.60 | 1.51 | 1.56 | 1.39 | 0.71 | — | — | — | 3.08 | 11.38 |
| Quick ratio | 1.60 | 1.51 | 1.56 | 1.39 | 0.71 | — | — | — | 3.08 | 11.38 |
| Interest coverage | 9.7 | 23.4 | -0.1 | — | — | — | — | — | — | — |
| Working capital | $3.20B | $1.99B | $32.0M | $22.1M | −$19.3M | — | — | — | $217,793 | $381,724 |
| Invested capital | $585.7M | $670.4M | $780.2M | $289.3M | $759.5M | — | — | — | −$101,086 | −$32,170 |
| Tangible asset value | −$558.0M | $2.10B | $781.0M | $299.3M | $786.3M | — | — | — | $217,793 | $381,724 |
| Net current asset value | $202.6M | $955.4M | −$5.0M | −$16.1M | −$55.2M | — | — | — | $217,793 | $381,724 |
| Graham number | — | $19.83 | $22.25 | — | $28.31 | — | — | — | — | — |
| Graham net-net per share | −$2.49 | $3.55 | −$0.21 | −$0.32 | −$0.64 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $49.3M | $55.3M | $22.4M | — | — | — | — | — | — | — |
| Share buybacks (net) | $51.4M | $20.5M | $10.7M | $53.3M | $0 | — | — | $54,079 | — | — |
| Dividend payout ratio | — | 47.5% | 4.9% | — | — | — | — | — | — | — |
| Capex / revenue | 1.9% | 0.1% | 0.1% | — | — | — | — | — | — | — |
| Capex / depreciation | 35.00 | 1.26 | 1.99 | — | — | — | — | — | — | — |
| Stock-based compensation / revenue | 0.1% | 0.2% | 0.2% | — | — | — | — | — | — | — |
| R&D / revenue | 0.1% | — | — | — | — | — | — | — | — | — |
| SG&A / revenue | 0.4% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 8.4 | 5.2 | 0.6 | — | — | — | — | — | — | — |
| Days payables outstanding | 0.9 | 0.2 | — | — | — | — | — | — | — | — |
| Cash conversion cycle (days) | 7.5 | 5.0 | — | — | — | — | — | — | — | — |
| Receivables turnover | 43.40 | 69.82 | 656.57 | 0.00 | 0.00 | — | — | — | 0.00 | 0.00 |
| Payables turnover | 394.12 | 1,522.84 | — | — | — | — | — | — | — | — |
| Asset turnover | 6.64 | 10.95 | 81.33 | 0.00 | 0.00 | — | — | — | 0.00 | 0.00 |
| Average receivables | $1.41B | $626.7M | $78.6M | $44.7M | $20.5M | — | — | — | $2,964 | $4,256 |
| Average payables | $152.8M | $27.9M | — | — | — | — | — | — | $70,810 | $31,899 |
| Intangibles / total assets | 31.7% | 1.3% | 0.0% | 0.0% | 0.0% | — | — | — | 0.0% | 0.0% |
Computed from GLXY's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GLXY valuation and financial ratios
Galaxy Digital earned a return on equity of −4.1% and a return on invested capital of 72.3% in fiscal 2025. It ended the year with $5.3 billion of debt and $6.7 billion in cash and short-term investments, a net cash position of $1.3 billion. It returned $100.7 million to shareholders: $49.3 million in dividends and $51.4 million in share buybacks.
See the GLXY income statement, the GLXY chart for price history, or the GLXY stock overview for the latest quote and news.
GLXY key metrics FAQ
What is Galaxy Digital's EV/EBITDA?
Galaxy Digital's enterprise value was 3.6 times EBITDA at the end of fiscal 2025 (enterprise value $2.2 billion, EBITDA $609.2 million); the current EV/EBITDA is 12.7.
What is Galaxy Digital's return on equity?
Galaxy Digital's return on equity (ROE) was −4.1% in fiscal 2025: net income of -$84.9 million on average shareholders' equity of $2.1 billion.
What is Galaxy Digital's ROIC?
Galaxy Digital's return on invested capital was 72.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Galaxy Digital have?
Galaxy Digital had total debt of $5.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.77 and more cash than debt.
What is Galaxy Digital's dividend yield?
Galaxy Digital paid $49.3 million in dividends in fiscal 2025 ($0.31 per share), a payout ratio of —.
Does Galaxy Digital buy back its shares?
Yes. Galaxy Digital spent $51.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +31.7% over the year, to 159.2M..
What is Galaxy Digital's free cash flow yield?
Galaxy Digital generated -$1.4 billion of free cash flow in fiscal 2025, a free cash flow yield of −40.7% on its market value at year-end ($3.6 billion).
What is Galaxy Digital's current ratio?
Galaxy Digital's current ratio was 1.60 at the end of fiscal 2025: current assets were 1.60 times current liabilities.