NASDAQ : GLXY
Galaxy Digital Inc. — Financial statements
Financials · Capital Markets · United States
Last price 18.13 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.04B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Galaxy Digital Inc. (GLXY) reported revenue of 37.84B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 37.12B | 60.41B | 42.60B | 51.63B | ||
| Other Revenue | 715.00M | 948.94M | 1.16B | 582.86M | ||
| Revenue | 37.84B | 61.36B | 43.76B | 52.21B | ||
| Gross Profit | 37.84B | 61.36B | 43.76B | 52.21B | ||
| Selling, General & Admin | 483.03M | 517.48M | 443.97M | 335.76M | 84.00K | |
| Other Operating Expenses | 884.12M | 753.70M | 331.92M | 98.34M | ||
| Operating Expenses | 1.38B | 1.27B | 775.89M | 434.11M | 84.00K | |
| Operating Income | 36.46B | 60.08B | 42.98B | 51.78B | -84.00K | |
| Interest Expense | -152.59M | -59.25M | -30.80M | -27.29M | ||
| Interest & Investment Income | 1.91M | |||||
| Earnings From Equity Investments | -333.98M | 506.65M | ||||
| Other Non Operating Income (Expenses) | -36.79B | -60.21B | -42.44B | -51.50B | ||
| EBT Excluding Unusual Items | -487.72M | -183.43M | 512.28M | 244.43M | -332.07M | 506.57M |
| Gain (Loss) on Sale of Investments | -252.52M | |||||
| Asset Writedown | -87.25M | -87.25M | ||||
| Legal Settlements | -182.50M | |||||
| Pretax Income | -574.97M | -270.68M | 329.78M | 244.43M | -584.59M | 506.57M |
| Income Tax Expense | -114.45M | -29.33M | -16.94M | 15.91M | -61.91M | 104.49M |
| Net Income | -460.52M | -241.35M | 346.72M | 228.51M | -522.68M | 402.08M |
| Preferred Dividends & Other Adjustments | -306.40M | -156.49M | 230.46M | 152.66M | ||
| Net Income to Common | -154.12M | -84.86M | 116.27M | 75.86M | -522.68M | 402.08M |
| Shares Outstanding (Basic) | 192.23M | 159.20M | 120.85M | 105.68M | 104.84M | 94.20M |
| Shares Outstanding (Diluted) | 192.23M | 366.48M | 356.72M | 325.98M | 104.84M | 349.32M |
| EPS (Basic) | -0.80 | -0.53 | 0.96 | 0.72 | -4.99 | 4.27 |
| EPS (Diluted) | -1.95 | -0.61 | 0.84 | 0.60 | -4.99 | 3.81 |
| Free Cash Flow | -1.51B | -264.10M | -49.69M | -76.77M | -19.55M | |
| Free Cash Flow Per Share | -4.12 | -0.74 | -0.15 | -0.73 | -0.06 | |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | ||
| Operating Margin | 96.36% | 97.93% | 98.23% | 99.17% | ||
| Profit Margin | -0.41% | -0.14% | 0.27% | 0.14% | ||
| Free Cash Flow Margin | -2.46% | -0.60% | -0.10% | |||
| EBITDA | 36.49B | 60.12B | 43.03B | 51.80B | ||
| EBITDA Margin | 96.45% | 97.98% | 98.33% | 99.21% | ||
| D&A For EBITDA | 34.08M | 34.07M | 46.89M | 22.95M | ||
| EBIT | 36.46B | 60.08B | 42.98B | 51.78B | -84.00K | |
| EBIT Margin | 96.36% | 97.93% | 98.23% | 99.17% | ||
| Effective Tax Rate | 6.51% | 20.63% | ||||
| Revenue as Reported | 37.84B | 61.36B | 43.76B | 52.21B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.32B | 1.25B | 462.10M | 833.00K | 10.05M | 26.82M |
| Short-Term Investments | 3.16B | 709.07M | 834.81M | |||
| Cash & Short-Term Investments | 4.49B | 1.96B | 1.30B | 833.00K | 10.05M | 26.82M |
| Accounts Receivable | 67.64M | 34.01M | 55.28M | |||
| Other Receivables | 4.72M | 3.78M | 53.61M | 88.40M | 68.86M | 3.00K |
| Receivables | 1.98B | 1.66B | 1.17B | 88.40M | 68.86M | 3.00K |
| Prepaid Expenses | 55.39M | 99.73M | 26.89M | |||
| Other Current Assets | 4.83B | 4.80B | 3.39B | 20.49M | ||
| Total Current Assets | 11.36B | 8.52B | 5.88B | 89.23M | 78.91M | 47.31M |
| Property, Plant & Equipment | 2.95B | 1.42B | 237.04M | |||
| Long-Term Investments | 1.44B | 1.02B | 808.69M | 763.85M | 257.81M | 841.46M |
| Goodwill | 66.52M | 66.52M | 58.04M | |||
| Long-Term Deferred Tax Assets | 22.16M | 57.55M | ||||
| Other Long-Term Assets | 595.39M | 307.82M | 135.20M | |||
| Total Assets | 16.42B | 11.35B | 7.12B | 875.24M | 394.27M | 888.78M |
| Accounts Payable | 662.57M | 17.57M | 6.91M | |||
| Accrued Expenses | 113.58M | 92.77M | 25.20M | |||
| Short-Term Debt | 210.48M | 52.63M | 2.11B | |||
| Current Portion of Long-Term Debt | 2.75B | 2.79B | ||||
| Current Portion of Leases | 3.84M | 3.29M | ||||
| Current Income Taxes Payable | 3.41M | 57.22M | 56.81M | 20.93M | ||
| Current Unearned Revenue | 441.00K | 358.00K | ||||
| Other Current Liabilities | 3.04B | 2.33B | 1.68B | 20.49M | ||
| Total Current Liabilities | 6.66B | 5.31B | 3.89B | 57.22M | 56.81M | 66.62M |
| Long-Term Debt | 6.34B | 2.49B | 845.19M | |||
| Long-Term Leases | 8.64M | 6.94M | ||||
| Long-Term Unearned Revenue | 183.32M | |||||
| Long-Term Deferred Tax Liabilities | 30.59M | |||||
| Other Long-Term Liabilities | 422.14M | 321.21M | 185.46M | 36.98M | 38.16M | 5.27M |
| Total Liabilities | 13.43B | 8.31B | 4.93B | 94.20M | 94.97M | 102.48M |
| Common Stock | 191.00K | 192.00K | 2.19B | 422.19M | 419.87M | 417.39M |
| Additional Paid-In Capital | 1.52B | 1.61B | ||||
| Retained Earnings | 386.69M | 342.92M | 264.06M | -190.70M | 331.98M | |
| Comprehensive Income & Other | 4.63M | -2.04M | 94.78M | 70.13M | 36.92M | |
| Total Common Equity | 1.91B | 1.96B | 2.19B | 781.03M | 299.31M | 786.29M |
| Minority Interest | 1.08B | 1.08B | ||||
| Shareholders' Equity | 2.99B | 3.03B | 2.19B | 781.03M | 299.31M | 786.29M |
| Total Liabilities & Equity | 16.42B | 11.35B | 7.12B | 875.24M | 394.27M | 888.78M |
| Total Debt | 9.30B | 5.34B | 2.96B | |||
| Net Cash (Debt) | -4.82B | -3.39B | -1.66B | 833.00K | 10.05M | 26.82M |
| Net Cash Per Share | -25.05 | -9.25 | -4.66 | 0.00 | 0.10 | 0.08 |
| Filing Date Shares Outstanding | 191.88M | 190.69M | 128.00M | 109.55M | 104.19M | 101.64M |
| Total Common Shares Outstanding | 191.88M | 192.70M | 127.58M | 109.30M | 104.81M | 101.55M |
| Working Capital | 4.69B | 3.20B | 1.99B | 32.01M | 22.11M | -19.30M |
| Book Value Per Share | 9.97 | 10.15 | 17.20 | 7.15 | 2.86 | 7.74 |
| Tangible Book Value | 1.85B | 1.89B | 2.14B | 781.03M | 299.31M | 786.29M |
| Tangible Book Value Per Share | 9.63 | 9.80 | 16.75 | 7.15 | 2.86 | 7.74 |
| Land | 35.27M | 12.81M | ||||
| Machinery | 146.92M | 286.28M | ||||
| Construction In Progress | 1.34B | 35.78M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -241.35M | 346.72M | 228.51M | -522.68M | 402.08M | |
| Depreciation & Amortization | 34.07M | 46.89M | 22.95M | |||
| Asset Writedown & Restructuring Costs | 87.25M | 101.00K | ||||
| Loss (Gain) From Sale of Investments | 252.52M | |||||
| Loss (Gain) on Equity Investments | 333.98M | -506.65M | ||||
| Stock-Based Compensation | 53.61M | 74.86M | 81.65M | |||
| Provision & Write-off of Bad Debts | -2.57M | 3.63M | ||||
| Other Operating Activities | -923.65M | -945.36M | -558.44M | -112.47M | 61.36M | |
| Change in Accounts Receivable | 24.71M | 3.49M | 7.96M | -13.00K | -3.00K | |
| Change in Accounts Payable | 17.92M | 91.51M | 18.20M | |||
| Change in Income Taxes | 45.77M | 23.67M | ||||
| Change in Other Net Operating Assets | 633.37M | 173.07M | 195.09M | -73.89M | ||
| Operating Cash Flow | -316.64M | -205.08M | -4.08M | -76.77M | -19.55M | |
| Capital Expenditures | -1.19B | -59.02M | -45.61M | |||
| Sale of Property, Plant & Equipment | 11.35M | 2.95M | 653.00K | |||
| Cash Acquisitions | -7.78M | -5.12M | -43.89M | |||
| Investment in Securities | -2.65B | -3.26B | -192.33M | 107.40M | 12.24M | |
| Other Investing Activities | 2.64B | 2.88B | 209.51M | |||
| Investing Cash Flow | -1.29B | -521.63M | -284.78M | 107.40M | 12.24M | |
| Short-Term Debt Issued | 380.32M | 646.23M | 117.23M | |||
| Long-Term Debt Issued | 2.10B | 388.93M | ||||
| Total Debt Issued | 2.48B | 1.04B | 117.23M | |||
| Short-Term Debt Repaid | -820.89M | -228.62M | -25.75M | |||
| Total Debt Repaid | -820.89M | -228.62M | -25.75M | |||
| Net Debt Issued (Repaid) | 1.66B | 806.55M | 91.48M | |||
| Issuance of Common Stock | 851.17M | 125.35M | 11.11M | 5.95M | 34.13M | |
| Repurchase of Common Stock | -51.40M | -20.52M | -10.67M | -53.35M | ||
| Common Dividends Paid | -49.31M | -55.26M | -22.41M | |||
| Other Financing Activities | -17.09M | 16.08M | -6.15M | |||
| Financing Cash Flow | 2.39B | 872.20M | 63.37M | -47.40M | 34.13M | |
| Net Cash Flow | 784.14M | 145.49M | -225.49M | -16.77M | 26.82M | |
| Free Cash Flow | -1.51B | -264.10M | -49.69M | -76.77M | -19.55M | |
| Free Cash Flow Margin | -2.46% | -0.60% | -0.10% | |||
| Free Cash Flow Per Share | -4.12 | -0.74 | -0.15 | -0.73 | -0.06 | |
| Levered Free Cash Flow | 35.13B | 24.14B | 32.38B | -24.97M | 67.41M | |
| Unlevered Free Cash Flow | 35.17B | 24.16B | 32.40B | -24.97M | 67.41M | |
| Cash Interest Paid | 53.32M | 51.09M | 23.29M | |||
| Cash Income Tax Paid | 5.80M | 8.56M | 9.32M | 3.12M | 19.67M | |
| Change in Working Capital | 676.00M | 268.07M | 221.25M | -28.13M | 23.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.67B | 4.30B | 3.34B | 1.34B | 480.33M | 2.90B |
| Enterprise Value | 10.48B | 8.26B | 3.34B | 1.33B | 477.40M | 2.88B |
| Last Close Price | 14.59 | 22.36 | 17.34 | 7.80 | 2.84 | 17.80 |
| PE Ratio | 28.74 | 17.66 | 7.21 | |||
| Forward PE | 214.48 | 10.97 | 23.16 | 71.13 | 7.18 | |
| PS Ratio | 0.15 | 0.07 | 0.08 | 0.03 | ||
| PB Ratio | 1.46 | 1.42 | 1.52 | 1.72 | 1.60 | 3.69 |
| P/TBV Ratio | 3.07 | 2.28 | 1.56 | 1.72 | 1.60 | 3.69 |
| EV/Sales Ratio | 0.28 | 0.14 | 0.08 | 0.03 | ||
| EV/EBITDA Ratio | 0.29 | 0.14 | 0.08 | 0.03 | ||
| EV/EBIT Ratio | 0.29 | 0.14 | 0.08 | 0.03 | ||
| Debt / Equity Ratio | 3.11 | 1.76 | 1.35 | |||
| Debt / EBITDA Ratio | 0.25 | 0.09 | 0.07 | |||
| Net Debt / Equity Ratio | 1.61 | 1.12 | 0.76 | -0.00 | -0.03 | -0.03 |
| Net Debt / EBITDA Ratio | 0.13 | 0.06 | 0.04 | 0.00 | ||
| Net Debt / FCF Ratio | -2.25 | -6.30 | 0.02 | 0.13 | 1.37 | |
| Asset Turnover | 2.71 | 6.64 | 10.95 | 82.25 | ||
| Quick Ratio | 0.68 | 0.38 | 0.36 | 1.56 | 1.39 | 0.40 |
| Current Ratio | 1.70 | 1.60 | 1.51 | 1.56 | 1.39 | 0.71 |
| Return on Equity (ROE) | -14.94% | -9.23% | 23.31% | 42.30% | -96.29% | 77.83% |
| Return on Assets (ROA) | 163.12% | 406.68% | 672.00% | 5,097.98% | -0.01% | |
| Return on Invested Capital (ROIC) | 518.92% | 1,168.84% | 1,853.34% | 9,052.12% | -0.01% | |
| Return on Capital Employed (ROCE) | 373.90% | 995.30% | 1,329.90% | 6,329.40% | 0.00% | |
| Earnings Yield | -13.34% | -5.61% | 10.38% | 17.06% | -108.82% | 13.87% |
| FCF Yield | -33.35% | -35.08% | -7.90% | -3.71% | -15.98% | -0.67% |
| Payout Ratio | 15.94% | 9.80% | ||||
| Buyback Yield / Dilution | -34.38% | -2.73% | -9.43% | -210.94% | 69.99% | -15.98% |