Galaxy Digital Inc. (GLXY)
Financials · Financial Services & Digital Infrastructure · NASDAQ
Galaxy Digital provides a bridge between traditional finance and the digital asset economy, while simultaneously developing utility-scale data center infrastructure for the AI and HPC sectors.
What Galaxy Digital Inc. does
Galaxy Digital is a global financial services and infrastructure company operating across two main segments: Digital Assets and Data Centers. It provides institutional clients with OTC spot and derivative trading, lending, asset management, and blockchain infrastructure services. Additionally, the company develops and operates large-scale, high-performance computing (HPC) data center infrastructure to support AI workloads, anchored by significant power capacity at its Helios campus in Texas.
Themes: digital assets, blockchain infrastructure, AI infrastructure, high performance computing (HPC), staking services, institutional crypto services, data center development
Fundamentals
- Price$22.70 as of 2026-07-27 close
- Market cap$8.3B as of 2026-08-26
- 1-year return-25.8% 2025-07-25 close $30.59 → 2026-07-27 close $22.70
- P/E105.24 as of 2026-08-26
- Net margin-0.2% as of 2026-08-26
- ROE-3.7% as of 2026-08-26
- Debt / equity0.83 as of 2026-08-26
- Revenue growth (YoY)+41.8% FY2025 vs FY2024, SEC XBRL
- Revenue CAGR (3y)+8.2% SEC XBRL
- Beta3.74 as of 2026-08-26
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
How GLXY compares in its sector
- price-to-earnings ratiotop 10% 513 covered Financials peers, as of 2026-08-26
- net profit marginbottom 25% 538 covered Financials peers, as of 2026-08-26
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-26
- return on equitybottom 10% 575 covered Financials peers, as of 2026-08-26
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Analyst consensus
- Consensus ratingBuy (1.56 mean, 1=Strong Buy…5=Strong Sell) — 16 analysts
- Mean price target$39.66 range $23.50 – $57.00; median $38.50
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for GLXY
- Consensus EPS estimate-$0.07867 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High sensitivity to digital asset market volatility and pricing.","Significant debt obligations and capital requirements associated with data center development.","Regulatory and legislative uncertainty regarding digital asset and blockchain services."]
What changed in the latest 10-Q
AI-assisted comparison of GLXY's 10-Q filed 2026-05-08 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- In October 2025, Galaxy launched GalaxyOne, a retail financial technology platform for individual investors with FDIC-insured deposit accounts via Cross River Bank, debt securities, and commission-free equities and crypto trading via DriveWealth and Paxos
- GalaxyOne offers earned monthly interest paid into cash accounts with optional reinvestment into bitcoin or other crypto assets
- ERCOT approved over 1.6 gigawatts of gross power capacity at Helios campus (doubled from previous approval)
- Phase II and Phase III leases under the Lease Agreement with CoreWeave for incremental 393 MW of critical IT load expected to be delivered starting in 2027
- 830 MW of approved power capacity remains available to be contracted at Helios campus
- Net loss of $216.3 million for three months ended March 31, 2026 compared to $295.4 million for three months ended March 31, 2025
- Adjusted EBITDA of $(187.5) million for three months ended March 31, 2026 compared to $(289.5) million for three months ended March 31, 2025
- Total equity was $2.8 billion and cash and stablecoin holdings were $2.6 billion as of March 31, 2026
- Approximately $8.7 billion in assets across Galaxy's platform as of March 31, 2026
- Removed:
- Characterization of Galaxy as 'a global leader in digital assets and data center infrastructure'
- Phrase 'delivering solutions that accelerate progress in finance and artificial intelligence'
- Phrase 'strategically positioned to bridge traditional finance and the emerging digital economy'
- Reference to 'more than 1,500 trading counterparties globally as of September 30, 2025'
- Detailed description of trading business including electronic OTC, high-touch OTC, and derivatives trading operations
- Reference to investment banking business providing strategic and transaction advisory services
- Details about Qualified Individuals definition and footnote reference
- Reference to approximately $17.0 billion in assets across platform as of September 30, 2025
- Details about ETF partnerships in U.S., Brazil, Canada, and Europe
- Reference to Galaxy Interactive venture franchise details
- Reference to Galaxy managed $10.5 billion in AUM as of September 30, 2025 with 126% year-over-year increase
- Reference to $2.4 billion FTX estate unwinding and CPO vehicle assets
- Details about gross inflows, outflows, and net market appreciation figures from September 30, 2025
- Reference to assets under stake of approximately $6.6 billion as of September 30, 2025
- Reference to AUS comparison of $4.2 billion as of December 31, 2024
- Reworded:
- Overview simplified: Changed from detailed segment descriptions to higher-level overview introducing both business segments
- Changed 'mergers and acquisitions (M&A) advisory' to 'M&A advisory' (abbreviated form used in newer filing)
- Changed from separate 'Digital Assets' subsection header to integrated section discussing both segments in Overview
- Changed description of Global Markets from detailed trading operations list to summary 'OTC spot and derivatives trading, lending, and structured products'
- Changed phrasing from 'transaction advisory' to 'M&A advisory' (in newer filing)
- Changed Asset Management description from detailed ETF and alternatives strategies to consolidated description of 'diverse suite of ETF and Alternatives strategies'
- Changed Infrastructure Solutions description from expanded details about staking networks and wallet technology to condensed 'staking, tokenization and custodial technology'
- Changed Data Centers section from standalone discussion to integrated description within Overview
- Notes:
- Newer filing is for quarter ended March 31, 2026; older filing is for quarter ended September 30, 2025 - comparing different fiscal periods
- Both filings appear truncated at similar points in Non-GAAP Financial Measures section, limiting full comparison of that section
- Document structure changed between filings - older filing had separate 'Digital Assets' and 'Data Centers' subsections while newer filing integrates information into Overview
Risk Factors
- Added:
- In newer filing (2026-05-08): Added specific example of liquid staking expansion within 'From time to time, we may also launch new lines of business' paragraph
- In newer filing (2026-05-08): Added reference to Helios mining campus conversion to AI/HPC data center infrastructure with statement 'we have no experience in developing, retrofitting and offering AI/HPC data centers'
- In newer filing (2026-05-08): Added cross-reference to separate risk factor section on AI/HPC data center business expansion risks
- In newer filing (2026-05-08): Added example of tokenized collateralized loan obligation launch and related regulatory uncertainty regarding tokenized real-world assets and tokenized financial instruments
- In newer filing (2026-05-08): Added bullet point in operating results fluctuation section: 'our ability to utilize, as well as our utilization of and dependence on, centralized digital asset trading platforms and OTC markets that are approved primarily based on our diligence review'
- In newer filing (2026-05-08): Changed reference from 'condensed consolidated financial statements' to 'condensed consolidated interim financial statements'
- Removed:
- In older filing (2025-11-10): Contained 'Summary Risk Factors' section with bulleted list of principal risk factors; this section is not present in newer filing (2026-05-08)
- In older filing (2025-11-10): Contained standalone section header 'Risks Related to Our Operations' after summary; newer filing (2026-05-08) incorporates this as continuation after introductory paragraphs
- Reworded:
- Newer filing (2026-05-08) expanded 'We have limited operating history' paragraph with more detailed explanation of business model evolution and new strategic initiatives, whereas older filing (2025-11-10) had this as a simple bullet point in the Summary Risk Factors
- Newer filing (2026-05-08) integrated discussion of operating results fluctuation risks directly into main text with expanded bullet-point list, whereas older filing (2025-11-10) presented this as a summary bullet point followed by detailed section
- Notes:
- The older filing appears to have a 'Summary Risk Factors' section that is entirely absent from the newer filing; the newer filing reorganizes content by presenting full detailed risk factors without a separate summary section
- Text in both filings is truncated at the end, making complete comparison of all content impossible
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 2 open-market sales by insiders in the last 90 days.
- Last 90 days0 buys · 2 sells ($1M) — 1 selling insider
- Last 180 days0 buys · 6 sells ($16M) — 2 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-15. As of 2026-08-27.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about GLXY's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding GLXY as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 34,023,586
- Reported value $627,735,163
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
GLXY had 28,336,500 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for GLXY because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 28,336,500
- Prior settlement (shares) 27,044,940
- Reported change 4.78%
- Days to cover (reported) 4.8
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Coinbase (COIN)
- Bitfarms (BITF)
- CleanSpark (CLSK)
- Marathon Digital (MARA)
- Riot Platforms (RIOT)
- BlackRock (BLK)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Galaxy Digital Inc. (GLXY) do?
Galaxy Digital is a global financial services and infrastructure company operating across two main segments: Digital Assets and Data Centers. It provides institutional clients with OTC spot and derivative trading, lending, asset management, and blockchain infrastructure services. Additionally, the company develops and operates large-scale, high-performance computing (HPC) data center infrastructure to support AI workloads, anchored by significant power capacity at its Helios campus in Texas.
What sector is Galaxy Digital Inc. (GLXY) in?
Galaxy Digital Inc. (GLXY) is classified in the Financials sector. Its industry is Financial Services & Digital Infrastructure. It trades on NASDAQ.
Who are Galaxy Digital Inc.'s (GLXY) competitors?
Notable peers of Galaxy Digital Inc. (GLXY) include Coinbase, Bitfarms, CleanSpark, Marathon Digital and Riot Platforms. This peer set is informational only — not financial advice.
Where does stocks-llm's data on GLXY come from?
Fundamentals and prices come from market data, as of 2026-08-26; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-26. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-27.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.