Galaxy Digital (NASDAQ:GLXY) Issues Earnings Results

Galaxy Digital (NASDAQ:GLXY) announced its quarterly earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.27, FiscalAI reports. The business had revenue of $8.71 billion for the quarter. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.During the same period last year, the company earned $0.08 EPS.

Galaxy Digital Trading Down 13.2%

NASDAQ:GLXY traded down $2.92 on Wednesday, reaching $19.22. 10,595,376 shares of the company’s stock were exchanged, compared to its average volume of 6,459,375. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of -40.05 and a beta of 5.06. The business has a fifty day moving average of $27.03 and a 200-day moving average of $25.40. Galaxy Digital has a 52-week low of $16.43 and a 52-week high of $45.92.

Wall Street Analysts Forecast Growth

GLXY has been the subject of a number of recent analyst reports. BTIG Research reissued a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a research report on Thursday, May 21st. Weiss Ratings lowered shares of Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price target on shares of Galaxy Digital in a research report on Friday, April 24th. Piper Sandler reduced their price target on shares of Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price objective on shares of Galaxy Digital in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.25.

Insiders Place Their Bets

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the sale, the director directly owned 1,505,419 shares in the company, valued at $43,310,904.63. This represents a 14.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 51.53% of the stock is currently owned by insiders.

Institutional Trading of Galaxy Digital

A number of large investors have recently modified their holdings of GLXY. Doliver Advisors LP acquired a new stake in shares of Galaxy Digital in the second quarter valued at $208,000. Hennion & Walsh Asset Management Inc. acquired a new position in Galaxy Digital during the 2nd quarter worth $440,000. Western Wealth Management LLC purchased a new stake in Galaxy Digital during the 1st quarter worth about $126,000. Bank of America Corp DE raised its position in Galaxy Digital by 124.3% in the 1st quarter. Bank of America Corp DE now owns 539,186 shares of the company’s stock valued at $9,948,000 after purchasing an additional 298,781 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in Galaxy Digital in the 1st quarter valued at about $11,070,000.

Galaxy Digital News Roundup

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, implying substantial potential upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: Galaxy Digital reported adjusted EPS of a $0.09 loss, which was better than the $0.36 loss analysts expected. However, this compared with positive EPS of $0.08 in the prior-year quarter. Galaxy Digital quarterly earnings report
• Positive Sentiment: Galaxy announced a strategic collaboration with BNY to support staking through BNY’s institutional digital-asset custody platform. The agreement could strengthen Galaxy’s role in institutional crypto infrastructure and expand future service opportunities. Galaxy and BNY digital asset infrastructure collaboration
• Neutral Sentiment: Analysts collectively assign Galaxy Digital an average “Moderate Buy” rating, indicating constructive but not uniformly bullish sentiment. Galaxy Digital analyst ratings
• Negative Sentiment: Galaxy posted an $85 million Q2 net loss, $77 million of negative adjusted EBITDA and $43 million of adjusted gross profit. Management attributed the loss primarily to depreciation in digital-asset prices, underscoring the company’s high sensitivity to cryptocurrency market conditions. Revenue also missed estimates, while profitability metrics remained negative. The company ended the quarter with $2.7 billion of total equity and $2.5 billion in cash and stablecoins. Galaxy Digital second-quarter 2026 financial results

About Galaxy Digital

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.