Galaxy Digital Inc. (GLXY) financial statements: income statement, balance sheet and cash flow
Galaxy Digital Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Galaxy Digital Inc. reported revenue of $61.4B and net income of ($270.7M).
Income statement
Galaxy Digital Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Revenues
$60.4B
Gains / (losses) from operations
$948.9M
Revenues and gains / (losses) from operations
$61.4B
Transaction expenses
$60.2B
Impairment of digital assets
$753.7M
Compensation and benefits
$299.9M
General and administrative
$182.9M
Technology
$46.9M
Professional fees
$75.0M
Notes interest expense
$59.2M
Total operating expenses
$61.6B
Unrealized gain / (loss) on notes payable - derivative
($35.5M)
Other income / (expense), net
$2.7M
Total other income / (expense)
($32.8M)
Net income / (loss) before taxes
($270.7M)
Income taxes expense / (benefit)
($29.3M)
Net income / (loss)
($241.3M)
Other comprehensive income (loss)
($4.5M)
Comprehensive income (loss)
($245.9M)
Class B Unit holders of GDH LP
($204.7M)
Noncontrolling interests
$45.8M
Class A common stockholders of the Company
($86.9M)
Net income (loss) used in calculation of net income / (loss) per share of Class A common stock
-$84863000.00
Basic (in dollars per share)
-$0.53
Diluted (in dollars per share)
-$0.61
Basic (in shares)
159.2M
Diluted (in shares)
366.5M
Income / (loss) for the period
($241.3M)
Galaxy Digital Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$8.6B
$10.0B
$28.4B
$8.7B
Gains / (losses) from operations
$134.3M
$171.8M
$817.0M
$395.1M
Data center leasing revenue
$18.9M
—
—
—
Revenues and gains / (losses) from operations
$8.7B
$10.2B
$29.2B
$9.1B
Transaction expenses
$8.5B
$10.0B
$28.3B
$8.6B
Impairment of digital assets
$181.3M
$284.4M
$197.7M
$127.5M
Compensation and benefits
$84.0M
$83.5M
$85.0M
$65.0M
General and administrative
$18.8M
$20.4M
$58.7M
$19.2M
Depreciation and amortization
$9.2M
—
—
—
Technology
$16.3M
$14.8M
$11.5M
$11.6M
Professional fees
$19.0M
$11.0M
$14.5M
$22.8M
Notes interest expense
$25.1M
$17.6M
$14.4M
$14.2M
Total operating expenses
$8.8B
$10.4B
$28.7B
$8.9B
Unrealized gain / (loss) on notes payable - derivative
$0
$0
$0
($125.2M)
Other income / (expense), net
$736.0K
$704.0K
$957.0K
$918.0K
Total other income / (expense)
$736.0K
$704.0K
$957.0K
($124.2M)
Net income / (loss) before taxes
($128.2M)
($234.6M)
$545.2M
$42.2M
Income taxes expense / (benefit)
($42.9M)
($18.2M)
$40.1M
$11.5M
Net income / (loss)
($85.3M)
($216.3M)
$505.1M
$30.7M
Change in fair value of cash flow hedges
$3.5M
$4.5M
($2.6M)
—
Other comprehensive income (loss)
$3.5M
$4.5M
($2.6M)
—
Comprehensive income (loss)
($81.8M)
($211.8M)
$502.5M
—
Class B Unit holders of GDH LP
$0
$0
$0
($19.3M)
Noncontrolling interests
($65.6M)
($121.8M)
$296.6M
$35.4M
Class A common stockholders of the Company
($16.2M)
($89.9M)
$205.9M
—
Net income (loss) used in calculation of net income / (loss) per share of Class A common stock
-$17913000.00
-$92154000.00
$208468000.00
$14500000.00
Basic (in dollars per share)
-$0.09
-$0.48
$1.19
$0.10
Diluted (in dollars per share)
-$0.09
-$0.49
$1.01
$0.08
Basic (in share)
192.9M
192.1M
174.7M
143.1M
Diluted (in shares)
192.9M
390.5M
221.5M
371.7M
Balance sheet
Galaxy Digital Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$1.2B
Digital intangible assets (includes $2,717.4 and $1,997.4 million measured at fair value)
$3.5B
Digital financial assets
$988.6M
Digital asset loans receivable, net of allowance
$1.1B
Investments
$709.1M
Assets posted as collateral, net of allowance
$200.0M
Derivative assets
$83.8M
Accounts receivable (includes $3.4 and $4.6 million due from related parties)
$34.0M
Digital assets receivable
$3.8M
Loans receivable, net of allowance
$554.4M
Prepaid expenses and other assets
$99.7M
Total current assets
$8.5B
Digital assets receivable
$4.7M
Digital asset loans receivable, net of allowance, non-current
$8.9M
Investments (includes $864.0 and $745.5 million measured at fair value)
$1.0B
Digital intangible assets
$26.8M
Loans receivable, net of allowance, non-current
$2.6M
Property and equipment, net
$1.4B
Other non-current assets
$276.3M
Goodwill
$66.5M
Total non-current assets
$2.8B
Total assets
$11.3B
Derivative liabilities
$40.5M
Accounts payable and accrued liabilities (includes $0.0 and $96.9 million due to related parties)
$277.7M
Digital assets borrowed
$2.4B
Payable to customers
$85.8M
Loans payable
$52.6M
Collateral payable
$2.0B
Notes payable - current
$428.5M
Other current liabilities
$85.1M
Total current liabilities
$5.3B
Notes payable
$2.4B
Digital assets borrowed, non-current
$56.1M
Other non-current liabilities (includes $72.3 and $0.0 million due to related parties)
$513.2M
Total non-current liabilities
$3.0B
Total liabilities
$8.3B
GDH LP Unit Holders
$0
Common stock
$192.0K
Additional Paid in Capital
$1.6B
Accumulated other comprehensive income (loss)
($2.0M)
Retained Earnings
$342.9M
Total stockholders’ equity
$2.0B
Noncontrolling interest
$1.1B
Total equity
$3.0B
Total liabilities and equity
$11.3B
Galaxy Digital Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$895.7M
$910.7M
$1.1B
$691.3M
Digital intangible assets (includes $1,684.3 and $2,717.4 million measured at fair value)
$2.5B
$2.7B
$3.8B
$3.2B
Digital financial assets
$1.1B
$921.0M
$322.9M
$369.6M
Digital asset loans receivable, net of allowance
$782.4M
$664.7M
$1.3B
$894.9M
Investments
$658.0M
$623.6M
$853.8M
$748.3M
Assets posted as collateral, net of allowance
$164.3M
$173.7M
$714.9M
$718.6M
Derivative assets
$135.1M
$86.2M
$152.6M
$134.9M
Accounts receivable (includes $4.8 and $3.4 million due from related parties)
$86.5M
$103.2M
$72.0M
$41.4M
Digital assets receivable
$3.2M
$2.8M
$4.6M
$2.7M
Loans receivable, net of allowance
$947.4M
$627.6M
$635.4M
$529.0M
Prepaid expenses and other assets
$59.5M
$87.4M
$78.9M
$39.9M
Total current assets
$7.2B
$6.9B
$9.1B
$7.4B
Digital assets receivable
$3.2M
$2.3M
$16.8M
$3.4M
Digital asset loans receivable, net of allowance, non-current
$4.3M
$5.4M
—
—
Investments (includes $740.9 and $864.0 million measured at fair value)
$884.1M
$875.1M
$1.3B
$863.7M
Digital intangible assets
$11.0M
$12.9M
$56.5M
$3.0M
Loans receivable, net of allowance, non-current
$6.8M
$7.0M
$7.3M
$6.7M
Property and equipment, net
$2.2B
$1.8B
$874.1M
$596.1M
Other non-current assets
$411.3M
$304.2M
$195.8M
$194.1M
Goodwill
$66.5M
$66.5M
$62.7M
$62.2M
Total non-current assets
$3.6B
$3.1B
$2.5B
$1.7B
Total assets
$10.8B
$10.0B
$11.5B
$9.1B
Derivative liabilities
$151.3M
$99.3M
$67.4M
$86.4M
Accounts payable and accrued liabilities
$306.8M
$270.0M
$421.4M
$226.1M
Digital assets borrowed
$1.5B
$1.4B
$3.1B
$2.8B
Payable to customers
$80.7M
$82.8M
$87.2M
$16.3M
Loans payable
$286.7M
$84.5M
$316.9M
$348.2M
Collateral payable
$1.9B
$1.6B
$2.5B
$1.9B
Notes payable, current
$437.0M
$432.7M
—
—
Other current liabilities
$130.6M
$122.7M
$235.2M
$88.6M
Total current liabilities
$4.8B
$4.1B
$6.7B
$5.5B
Notes payable
$2.8B
$2.6B
$1.2B
$725.6M
Digital assets borrowed, non-current
$27.6M
$55.4M
$9.6M
$8.6M
Other non-current liabilities (includes $71.5 and $72.3 million due to related parties)
$457.4M
$447.4M
$460.1M
$256.1M
Total non-current liabilities
$3.3B
$3.1B
$1.6B
$990.3M
Total liabilities
$8.1B
$7.2B
$8.4B
$6.5B
Common stock
$194.0K
$191.0K
$179.0K
$170.0K
Additional Paid in Capital
$1.6B
$1.6B
$1.2B
$1.2B
Accumulated other comprehensive income (loss)
$1.9M
$201.0K
($2.6M)
—
Retained Earnings
$232.9M
$250.8M
$540.8M
$332.3M
Total stockholders’ equity
$1.8B
$1.8B
$1.8B
$0
Noncontrolling interest
$896.7M
$966.9M
$1.4B
$1.1B
Total equity
$2.7B
$2.8B
$3.2B
$2.6B
Total liabilities and equity
$10.8B
$10.0B
$11.5B
$9.1B
Cash flow statement
Galaxy Digital Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Income / (loss) for the year
($241.3M)
Digital assets sales revenue
($20.5B)
Digital assets sales cost
$20.2B
Impairment of digital assets
$257.0M
Provision for credit losses
($2.6M)
Depreciation and amortization
$34.1M
Other impairment loss
$87.3M
Equity based compensation
$53.6M
Noncash management fee
($56.9M)
Noncash borrowing costs
$129.3M
Noncash interest and net staking income
($127.1M)
Net realized loss on disposal
$0
Net (gains) / losses from operations
($948.9M)
Net unrealized (gain) / loss on notes payable – derivative
$35.5M
Noncash notes interest expense
$35.7M
Taxes
$41.1M
Other noncash adjustments
$698.0K
Digital assets
$434.7M
Digital assets receivable
$490.0K
Investments
($60.2M)
Derivative assets / liabilities
$323.0M
Accounts receivable
$24.7M
Prepaid expenses and other assets
($73.4M)
Other non-current assets
($186.4M)
Collateral receivable / payable
($56.4M)
Accounts payable and accrued liabilities
$17.9M
Other current liabilities
$16.3M
Other non-current liabilities
$235.3M
Net cash provided by / (used in) operating activities
($316.6M)
Proceeds from repayments and maturities of loans receivable
$554.4M
Origination of loans receivable
($650.9M)
Purchase of property, equipment and intangible assets
($1.2B)
Acquisitions, net of cash received
($7.8M)
Disposal of property and equipment
$11.3M
Purchase of investments
($2.6B)
Proceeds and distributions from investments
$2.6B
Net cash provided by / (used in) investing activities
($1.3B)
Payable to customers
($17.1M)
Proceeds from loans payable
$380.3M
Repayments of loans payable
($509.4M)
Margin loans payable, net
($311.5M)
Proceeds from notes payable, net of issuance costs
$2.1B
Share issuance, net of costs
$851.2M
Distributions
($49.3M)
Cancellation of Class A Units withheld
($51.4M)
Galaxy Digital Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Income / (loss) for the period
($301.6M)
($216.3M)
$240.3M
($264.7M)
Digital assets sales revenue
($8.5B)
($4.7B)
($16.8B)
($7.5B)
Digital assets sales cost
$8.4B
$4.6B
$16.8B
$7.5B
Impairment of digital assets
$212.6M
$132.9M
$149.2M
$85.4M
Depreciation and amortization
$15.0M
$5.8M
$27.5M
$20.1M
Other impairment loss
$0
$0
$87.3M
$49.2M
Equity based compensation
$34.5M
$18.4M
$38.5M
$27.6M
Noncash borrowing costs
$31.3M
$15.6M
$103.8M
$60.7M
Noncash interest and net staking income
($34.6M)
($16.6M)
($101.5M)
($62.0M)
Net (gains) / losses from operations
($306.1M)
($171.8M)
($1.1B)
($274.8M)
Net unrealized (gain) / loss on notes payable – derivative
$0
$0
$35.5M
$35.5M
Noncash notes interest expense
$27.7M
$17.6M
$30.9M
$16.6M
Taxes
($54.8M)
($5.7M)
$70.1M
($29.0M)
Other noncash adjustments
$1.9M
$996.0K
$1.0M
($440.0K)
Digital assets
$755.5M
$135.8M
$1.0B
$605.3M
Digital assets receivable
$75.0K
$0
$9.2M
$9.2M
Investments
($146.0M)
($52.1M)
—
—
Derivative assets / liabilities
$184.5M
$166.2M
$115.2M
$89.1M
Accounts receivable
($51.3M)
($72.6M)
($11.9M)
$19.8M
Prepaid expenses and other assets
$10.4M
$12.4M
($52.5M)
($13.6M)
Other non-current assets
($30.8M)
($11.4M)
($140.4M)
$0
Collateral receivable / payable
$98.6M
$1.7M
($54.9M)
($50.3M)
Accounts payable and accrued liabilities
($11.5M)
($14.2M)
$21.0M
$22.1M
Other current liabilities
$76.1M
$70.4M
$150.6M
$18.5M
Other non-current liabilities
($59.2M)
($65.8M)
$184.3M
($33.9M)
Net cash provided by / (used in) operating activities
$288.6M
($83.3M)
$756.9M
$329.3M
Proceeds from repayments and maturities of loans receivable
$182.1M
$141.5M
$136.2M
$70.7M
Origination of loans receivable
($617.4M)
($257.3M)
($300.0M)
($127.4M)
Purchase of property, equipment and intangible assets
($736.7M)
($337.9M)
($634.5M)
($396.5M)
Acquisitions
$0
—
($1.0M)
($1.0M)
Disposal of property and equipment
$0
$0
$11.3M
$8.0M
Purchase of investments
($94.5M)
($17.5M)
($2.5B)
($1.3B)
Proceeds and distributions from investments
$53.4M
$41.6M
$2.6B
$1.4B
Net cash provided by / (used in) investing activities
($1.2B)
($429.5M)
($710.5M)
($342.6M)
Payable to customers
$74.5M
$55.6M
($19.4M)
($3.2M)
Proceeds from loans payable
$14.1M
$6.2M
$153.1M
$75.0M
Repayments of loans payable
($13.8M)
($3.3M)
($168.4M)
($77.4M)
Margin loans payable, net
$233.8M
$29.1M
($178.4M)
($160.1M)
Proceeds from notes payable, net of issuance costs
$339.2M
$166.2M
$416.2M
—
Share issuance, net of costs
$17.0M
$3.6M
$522.5M
$477.0M
Distributions
($3.0K)
$0
($49.3M)
($39.9M)
Repurchase and cancellation of Class A Units withheld
($90.8M)
($80.0M)
($47.3M)
($28.9M)
Net cash provided by / (used in) financing activities
$573.9M
$177.3M
$628.8M
$242.5M
Net increase / (decrease) in cash and cash equivalents