Last 23 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -62.42 | — | 8.37 | 54.75 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.10 | 2.13 | 0.64 | 0.23 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 42.43 | 28.68 | 23.60 | 3.10 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | 98.73 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 217.76 | — | 25.62 | 9.03 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 230.66 | — | 34.97 | 7.39 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Galaxy Digital's operating margin was -2.2% in Q4 2025, down 4.8 pp QoQ and down 6.6 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 0.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 124.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.9% | -0.9% | 3.1% | -0.5% | 2.8% | 3.6% | -0.4% | -0.2% | — | — | — | — | — |
| — | -124.1% | +988.2% | -124.3% | — | — | — | — | — | — | — | — | — | |
| Operating Margin | 0.9% | -2.2% | 2.6% | 3.6% | -2.0% | 4.4% | 0.9% | -0.8% | — | — | — | — | — |
| — | -149.6% | +190.3% | +523.0% | — | — | — | — | — | — | — | — | — | |
| Net Margin | -0.4% | -1.9% | 1.7% | 0.3% | -2.3% | 0.2% | -0.8% | -2.8% | — | — | — | — | — |
| — | -1000.3% | +322.2% | +110.6% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.9% | -6.3% | 17.4% | 1.1% | -14.4% | 2.2% | -6.9% | -26.9% | 13.1% | 63.1% | -16.0% | 28.1% | 26.3% |
| — | -386.0% | +352.0% | +104.3% | -210.0% | -96.5% | +56.9% | -195.9% | -50.1% | +225.7% | +44.3% | +227.1% | +802.9% | |
| ROA | -3.9% | -1.7% | 4.9% | 0.3% | -4.4% | 0.8% | -6.3% | -24.3% | 11.7% | 54.3% | -13.1% | 22.9% | 20.6% |
| — | -301.3% | +178.2% | +101.4% | -137.4% | -98.4% | +52.0% | -206.1% | -43.0% | +230.9% | +48.7% | +215.5% | +729.5% | |
| ROIC | 9.2% | -2.1% | 8.0% | 3.7% | -3.6% | 17.8% | 3.2% | -2.2% | -0.2% | -0.0% | -0.0% | — | — |
| — | -111.8% | +145.1% | +271.6% | -1826.6% | +64246.2% | +17851.9% | — | — | +69.2% | +39.2% | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 6.0% YoY to 1.60x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.76 | 1.76 | 1.43 | 1.49 | 2.07 | 1.35 | — | 1.65 | 1.88 | — | 1.85 | 1.65 | 1.78 |
| — | +30.3% | — | -9.7% | +10.1% | — | — | +0.0% | +5.6% | — | — | +6.8% | -8.6% | |
| Debt / EBITDA | 8.75 | — | 5.93 | 12.46 | — | 4.01 | — | — | 233.49 | — | 93.43 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.60 | 1.60 | 1.35 | 1.34 | 1.45 | 1.51 | 1.85 | 1.74 | 1.70 | 1.56 | 1.52 | 1.50 | 1.37 |
| — | +6.0% | -27.3% | -22.9% | -14.3% | -3.0% | +21.5% | +16.3% | +24.2% | +12.3% | +4.7% | +48.4% | +396.9% | |
| Quick Ratio | 1.60 | 1.60 | 1.35 | 1.34 | 1.45 | 1.51 | 1.85 | 1.74 | 1.70 | 1.56 | 1.52 | 1.50 | 1.37 |
| — | +6.0% | -27.3% | -22.9% | -14.3% | -3.0% | +21.5% | +16.3% | +24.2% | +12.3% | +4.7% | +48.4% | +396.9% | |
| Interest Coverage | 9.71 | -13.58 | 38.82 | 27.02 | -10.30 | — | — | -10.61 | — | — | -0.02 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying GLXY stock.
Galaxy Digital's current P/E is -62.4x. The average P/E over the last 2 quarters is 31.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Galaxy Digital's current operating margin is 0.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Galaxy Digital's business trajectory between earnings reports.