Galaxy Digital (GLXY) Stock Analysis
Financial Services · Capital Markets · NasdaqGS
Galaxy Digital (GLXY) posted $60.41B in revenue for fiscal 2025 (up 41.8% year over year), with a net loss of $241.35M, and has compounded revenue about 372.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Galaxy Digital
Galaxy Digital has grown revenue from $574.60M to $60.41B over the last 4 fiscal years, compounding about 372% a year. The most recent year was up 41.8%, so growth has cooled from its longer-run pace.
Net margin sits at -0.4%, down 1.2 points year over year on a -0.2% gross margin. It carries about $5.33B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Galaxy Digital's SEC filings — descriptive, not advice. Ask the analyst your own question →
Galaxy Digital revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $574.60M | $51.63B | $42.60B | $60.41B |
| Gross profit | — | $-106.67M | $-109.28M | $-115.91M |
| Net income | $-522.68M | $228.51M | $346.72M | $-241.35M |
| Net margin | -91.0% | 0.4% | 0.8% | -0.4% |
Source: Galaxy Digital SEC filings (10-K).
Galaxy Digital: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 83.8% over 3 years (104.8M → 192.7M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $8173.3M of debt while last year's operating cash flow was negative ($-316.6M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -0.4%).
Explore 4 years of Galaxy Digital financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Galaxy Digital financial history by metric
About Galaxy Digital
Galaxy Digital Inc. engages in the digital asset and data centre infrastructure businesses in North America and internationally. It operates through Digital Assets, Data Centers, and Treasury and Corporate segments. The Digital Assets segment provides over-the-counter spot and derivatives trading, lending, and structured products, as well as mergers and acquisitions advisory, and equity and debt capital markets services. This segment also manages investments in the digital assets' ecosystem; and offers blockchain-centric technology and infrastructure solutions, including staking, tokenization, and custodial technology. The Data Centers segment comprises the Helios infrastructure assets. The Treasury and Corporate segment engages in managing a portfolio of digital assets, ventures, private equity, and fund investments, as well as in bitcoin mining operations. It also offers GalaxyOne, a retail financial technology platform designed for individual investors seeking access to traditional and digital markets. The company was founded in 2018 and is headquartered in New York, New York.
Galaxy Digital — frequently asked questions
What is Galaxy Digital's revenue?
Galaxy Digital (GLXY) reported revenue of $60.41B for fiscal year 2025, up 41.8% from the prior year, according to its SEC filings.
Is Galaxy Digital profitable?
No — GLXY reported a net loss of $-241.35M in fiscal 2025.
What is GLXY's P/E ratio?
Galaxy Digital trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Galaxy Digital growing?
GLXY's revenue grew at roughly 372.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Galaxy Digital have?
As of fiscal year 2025, GLXY carried roughly $5.33B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Galaxy Digital's gross margin?
GLXY's gross margin was -0.2% in fiscal 2025 — gross profit of $-115.91M on revenue of $60.41B.
What is Galaxy Digital's market cap?
Galaxy Digital (GLXY) has a market capitalization of about $12.19B, based on the latest data in our nightly-refreshed cache.
When does Galaxy Digital's fiscal year end?
GLXY's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Galaxy Digital's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.