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GLXYGalaxy Digital
$25.79$8.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
GLXY logo

Galaxy Digital

GLXY
NASDAQ · Capital Markets
$25.79
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$8.55B
P/E-48.7x
52W High$45.92
Volume4.56M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Provision-Driven Losses Erode Equity Base

Galaxy Digital's revenue is almost entirely derived from volatile trading fees, with non-interest income representing 100.3% of total revenue in Q2 2026, yet this income stream is being consumed by massive loan loss provisions that reached $8.5 billion in the ...

GrowthMixed
ProfitabilityWeak
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

GLXY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/10 Beats

EPS beat 5 of last 10 quarters

02

Valuation risk

-209% Peers

P/E is 209% below peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Nov 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Galaxy Digital's revenue is dominated by volatile fee-based income (100.3% of total revenue in Q2 2026), but this gross figure is nearly fully offset by loan loss provisions of $8.5 billion in that quarter, resulting in chronic operating and net losses.

Analyst Consensus+46.1% target
Buy(11 analysts)
9 Buy2 Hold0 Sell

The Bull Case

Upside Catalysts

Diversification into AI and Data Centers

Galaxy Digital is transitioning from a primary focus on cryptocurrency to high-margin AI and data center infrastructure. The Helios campus in Texas is a key part of this strategy, with the first data hall set to be delivered to CoreWeave, expected to generate a steady revenue stream less correlated with crypto market volatility.

Leadership in Tokenized Equities

Galaxy Digital is a pioneer in offering tokenized versions of real shares, providing full economic and legal rights. This first-mover advantage positions them well in a market projected to reach $190 trillion globally over the next two decades, appealing to institutional investors with benefits like 24/7 trading and lower fees.

Strong Analyst Support

A significant majority of Wall Street analysts maintain a positive outlook on GLXY stock, with many issuing 'Buy' or 'Strong Buy' ratings. This analyst sentiment reflects confidence in the company's strategic direction and growth potential.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GLXY+4.20%
S&P 500 (^GSPC)+12.39%
1-Year Return
GLXY-22.18%
S&P 500 (^GSPC)+15.77%
3-Year Return
GLXY+13.11%
S&P 500 (^GSPC)+69.72%
5-Year Return
GLXY+13.11%
S&P 500 (^GSPC)+65.07%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-48.7x
Forward P/E
N/A
EV/EBITDA100th %ile
20.4x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-48.7x
N/A
N/A
EV/EBITDA
20.4x
12.2x
100th· High
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$16.52-35.9%
Base (Fair)$24.33-1.5%
Bull$21.56-16.4%
$16.52 Bear$24.33 Base$21.56 Bull
Current Market Price: $25.79
Trades at a 6.0% premium to Base DCF ($24.33)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$61.3B+40.2% YoY
Net income
-$85M-173.0% YoY
Free cash flow
-$1.45B-7712.2% YoY
Operating margin
0.9%-0.7 pts YoY
ROIC (TTM)6.4%
Avg ROIC 5Y-
ROE (TTM)-3.2%
Piotroski Score1 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/10 (50%)
Revenue Beat Rate4/10 (40%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
-$0.09+80.5%
vs -$0.46
$8.7B-1.6%
vs $8.9B
Q2 2026
Apr 28, 2026
-$0.49-11.4%
vs -$0.44
$10.2B+17.0%
vs $8.7B
Q1 2026
Feb 3, 2026
-$1.08-18.6%
vs -$0.91
$10.2B-14.8%
vs $12.0B
Q4 2025
Oct 21, 2025
$1.12+194.7%
vs $0.38
$29.2B+69.4%
vs $17.2B
Historical baseline: 10 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
247 Wallst·5d ago
Is Solana the Biggest Winner From the SEC’s Tokenized Stock Rule? $465 Million of Stocks Already Trade There

The SEC just opened a legal lane for tokenized stocks, and Solana already holds nearly half the market. But a closer look at the fine print reveals why its head start may count for less than it appears.

Defense World·6d ago
44,887 Shares in Galaxy Digital Inc. $GLXY Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP purchased a new stake in shares of Galaxy Digital Inc. (NASDAQ: GLXY) during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 44,887 shares of the company's stock, valued at approximately $1,227,000. Other hedge funds and other institutional investors have

PRNewsWire·Sep 14, 2026
Galaxy Appoints Taylor Reinhardt as Head of Investor Relations

NEW YORK, Sept. 14, 2026 /PRNewswire/ -- Galaxy Digital Inc. (Nasdaq: GLXY) ("Galaxy" or "the Company") today announced that Taylor Reinhardt has joined the Company as Head of Investor Relations.

The Motley Fool·Sep 11, 2026
Galaxy Digital Chief Legal Officer Sells 35,623 Shares

The transaction involved the disposition of 35,623 shares, with a total value of approximately $941,000 based on weighted average execution prices. The shares traded represented 11% of the direct equity stake held by the insider prior to the transaction.

Filtered for Galaxy DigitalMore Headlines
04

Compare before deciding

Benchmark GLXY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Galaxy Digital (GLXY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GLXY logoGLXYGalaxy DigitalCurrent
$25.79$8.55B-48.6640.18%-0.14%-3.25%1.2%
COIN logoCOINCoinbase Global, Inc.
$198.13$52.2B44.529.45%-17.85%-6.89%—
MSTR logoMSTRStrategy Inc
$162.20$53.66B-10.652.97%-9260.26%-97.51%—
HOOD logoHOODRobinhood Markets, Inc.
$122.70$110.31B59.8552.82%49.82%22.43%—
MARA logoMARAMarathon Digital Holdings, Inc.
$13.35$5.09B-3.6233.47%-429.71%-125.83%—
RIOT logoRIOTRiot Platforms, Inc.
$24.69$9.34B-12.6666.36%-196.28%-48.36%—

Compare GLXY vs Peers

Galaxy Digital (GLXY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COIN

Most directly comparable listed peer for GLXY.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare GLXY against a more recognizable public peer.

Peer Set

Compare Top 5

vs COIN, MSTR, HOOD, MARA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

GLXY SEC Filings & Documents

Galaxy Digital (GLXY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Jul 28, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 26, 2026·SEC

10-Q Quarterly Reports

3
FY 2026

Aug 10, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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GLXY Frequently Asked Questions

Galaxy Digital (GLXY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Galaxy Digital growing?

Galaxy Digital (GLXY) grew revenue by 40.2% over the past year. This is strong growth.

Is GLXY profitable?

Galaxy Digital (GLXY) reported a net loss of $99.3M for fiscal year 2025.

Dividend & Returns
Does GLXY pay dividends?

Yes, Galaxy Digital (GLXY) pays a dividend with a yield of 1.20%. This makes it attractive for income-focused investors.

What is GLXY's return on equity?

Galaxy Digital (GLXY) has a return on equity (ROE) of -3.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is Galaxy Digital's net interest margin?

Galaxy Digital (GLXY) has a net interest margin (NIM) of -0.5%. NIM has been under pressure due to interest rate environment.

What is Galaxy Digital's efficiency ratio?

Galaxy Digital (GLXY) has an efficiency ratio of 0.9%. This is excellent, indicating strong cost control.

What if you invested $1,000 in GLXY back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →