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Galaxy Digital GLXY Digital Assets — Net income / (loss) before taxes

Other segment segments

Treasury and Corporate
-$198.71M+34.2%
Data Centers
-$1.55M+46.6%

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LADRLoans — Income (loss) before taxes
$50.48M+32.1%
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DFHCorporate — Income (loss) before taxes
-$5.55M-439%

Other financials

Income statement

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Revenue$10.0B-22.6%
Net income-$216.3M
EPS (diluted)-$0.49+43.0%

Balance sheet

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Cash & equivalents$910.7M+91,069,000%
Total debt$2.6B
Total equity$1.8B+181,170,600%
Total assets$10.0B+999,198,000%

Cash flow

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Operating cash flow-$83.3M-152%
CapEx$337.9M+269%
Free cash flow-$421.2M-722%

Valuation

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Market cap$3.65B+2.0%
Enterprise value$5.38B+48.5%
P/S0.1×0.0×

Profitability

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Net margin-0.3%-0.5pp
FCF margin-3.5%

Returns & leverage

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Return on equity-17.9%-9.0pp
Debt / equity1.5×
Current ratio1.7×

Where this comes from

Reported directly by Galaxy Digital in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Galaxy Digital’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001859392-26-000054
(in thousands)Digital AssetsData CentersTreasury and CorporateTotals
Other expenses21,8091,49417,07340,376
Operating expenses10,383,3844,59760,50510,448,486
Unrealized gain / (loss) on notes payable – derivative
Other income / (expense), net247457704
Total other income / (expense)247457704
Net income / (loss) for the period, before taxes$(34,304)$(1,547)$(198,706)$(234,557)
Income tax benefit(18,246)(18,246)
Net income / (loss) for the period$(34,304)$(1,547)$(180,460)$(216,311)

Item 1. Financial Statements

FAQ

What is Galaxy Digital's digital assets — net income / (loss) before taxes?
Galaxy Digital (GLXY) reported digital assets — net income / (loss) before taxes of -$34.3M in Q1 2026.
How has Galaxy Digital's digital assets — net income / (loss) before taxes changed year-over-year?
Galaxy Digital's digital assets — net income / (loss) before taxes decreased by 1072.1% year-over-year, from $3.53M to -$34.3M.
What does digital assets — net income / (loss) before taxes mean?
Measures the total profitability of the digital assets segment after accounting for all operating and non-operating expenses, but before the deduction of income tax obligations. This metric serves as a key indicator of the segment's underlying operational efficiency and financial health. It allows investors to assess the segment's performance independent of jurisdictional tax structures.

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