Loading…
Galaxy Digital Inc.
NASDAQ: GLXY Financials Cap Markets 🔎 Screen
$3.9B
Market Cap
P/E
PEG
1,168.8%
ROCE
-9.2%
ROE
1.76
D/E
97.9%
OPM
-42.4%
% from 52W High
24
α RS
🔍 GLXY is showing a high-conviction setup because it matches 3 of 39 tracked screener presets, an ECS of 62.6 last quarter, and accumulation_zone preset's Backtest win rate is 54.1% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction ECS Backtest
Sources
Conviction 3/39 · ECS 62.6 · Backtest win rate 54.1%
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for GLXY including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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 has a strategic collaboration with BNY to advance digital asset infrastructure. The company was founded in 2018 and is headquartered in New York, New York.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding GLXY
View All Superinvestors →
Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 1.76M $32.5M 0.04% Mar 2026
Jim Simons Renaissance Technologies LLC 418.2K $7.7M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 3 quarters Full tone analysis in Intelligence →
📊 MIXED Galaxy Digital Q1 2026: $216M net loss; Helios data center operational; digital assets resilient.
Revenue & Profitability
Q1 2026 GAAP net loss of $216 million, or $0.49 per share, and firmwide adjusted EBITDA of negative $188 million. The digital asset segment delivered $49 million in adjusted gross profit, roughly flat quarter-over-quarter despite a 20% decline in crypto market cap. The global markets business generated $31 million in adjusted gross profit, up 3% quarter-over-quarter. Asset management contributed $18 million in adjusted gross profit on $8 billion in assets on platform. Q2-to-date adjusted EBITDA through last Friday was approximately $90 million.
Outlook
Management sees 2026 as a transition year for crypto from speculation to institutional utility, driven by tokenization of equities, mortgages, and currencies. The passing of the CLARITY Act in the U.S. is viewed as a key catalyst, though faces obstacles. Bitcoin is range-bound; a move above $100K likely requires Fed rate cuts, which management expects by year-end despite near-term inflation from geopolitical events. The AI revolution is still early, and demand for HPC data center capacity is strong, with hyperscalers racing to lock power.
Growth Drivers
Data center growth: Phase 1 (133 MW) fully delivered by end of Q2; Phase 2 (260 MW) under construction with deliveries starting H1 2027; 830 MW of additional capacity at Helios in active customer conversations; and a multi-campus pipeline with LOIs progressing. Digital asset growth: scaling recurring fee revenue from institutional clients, expanding GalaxyOne (consumer platform with crypto trading, staking, cash products), and launching a new fintech hedge fund on May 1. Digital infrastructure solutions: providing B2B wallet, custody, and staking technology to large financial institutions to tokenize assets.
Balance Sheet & CapEx
Capital expenditure is focused on the Helios data center buildout. Phase 2 construction is underway with deposits and purchase orders placed for long-lead electrical equipment (main power transformers, circuit breakers) for the 830 MW development. Financing for Phase 2 is being finalized; management sees strong demand from high-yield bond markets and traditional bank syndicates. The company expects to maintain sufficient liquidity, including for potential repayment of $445 million in exchangeable notes maturing December 2026. No specific CapEx dollar guidance was provided.
Margins
Not discussed in detail by segment. For data centers, management noted approximately 90% average lease-level EBITDA margins on the 15-year CoreWeave lease, with revenue beginning to ramp in Q2. Firmwide operating expenses in Q1 were $147 million, down 7% quarter-over-quarter due to lower professional fees and compensation costs, helping narrow the EBITDA loss. No explicit margin guidance was provided.
Key Risks
Key risks flagged include: regulatory uncertainty around the CLARITY Act in the U.S. and potential ethics-related obstacles; ERCOT's evolving interconnection rules (PGRR145 draft) that could defer or restudy capacity; crypto price volatility and its impact on balance sheet mark-to-market and trading volumes; financing availability and terms for data center buildout; and broader macro risks such as geopolitical tensions (Iran) and sticky inflation that may delay Fed rate cuts. Management also noted the risk of over-leveraging the platform.
Generated by AI · Q1 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (4 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (4)
Q2 2026 Q2 2026 2026-08-05
Q2 2026 saw strong operational execution with Helios Phase I coming online, expanded data center pipeline, and major financing secured. Despite a net loss driven by crypto price declines, adjusted profits in core businesses rose, and strategic partnerships with leading financial institutions advanced digital infrastructure initiatives.
Q1 2026 Q1 2026 2026-04-28
Q1 2026 saw a net loss due to crypto price declines, but operating segments showed resilience, with digital asset profits stable and data center milestones achieved. Institutional adoption and infrastructure expansion are driving diversification and future growth.
Q4 2025 Q4 2025 2026-02-03
Reported a $241M net loss for 2025 due to one-time charges, but achieved record $505M adjusted gross profit in digital assets, expanded data center capacity to 1.6 GW, and raised $1.6B in Q4. Positioned for growth in both digital assets and AI data centers.
Q2 2025 Q2 2025 2025-08-05
Q2 2025 saw strong financial results, highlighted by $299M in adjusted gross profit, a $2.6B equity capital base, and major data center expansion. Institutional and treasury client growth, a record Bitcoin transaction, and robust asset management inflows position the company for continued momentum.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.