Galaxy Digital Inc.

Listed Company

GLXYCIK 0001859392NasdaqNon-AcceleratedSecurity Brokers, Dealers & Flotation CompaniesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$60.41B

Net Income

$-241.35M

Total Assets

$11.35B

Equity

$1.96B

Shares Out

100

Op. Cash Flow

$-316.64M

Business

Galaxy Digital Inc. is a publicly listed company in Security Brokers, Dealers & Flotation Companies, incorporated in Delaware. Common stock trades on Nasdaq under the ticker GLXY.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenues	60,407	42,597	51,627
Gains / (losses) from operations	949	1,161	583
Revenues and gains / (losses) from operations	61,356	43,758	52,210
Transaction expenses	60,176	42,410	51,494
Impairment of digital assets	754	332	98
Compensation and benefits	300	266	219
General and administrative	183	279	58
Technology	47	31	20
Professional fees	75	51	38
Notes interest expense	59	31	27
Total operating expenses	61,594	43,399	51,955
Unrealized gain / (loss) on notes payable - derivative	−36	−32	−10
Other income / (expense), net	3	3	−135,000
Total other income / (expense)	−33	−29	−10
Net income / (loss) before taxes	−271	330	244
Income taxes expense / (benefit)	−29	−17	16
Net income / (loss)	−241	347	229
Change in fair value of cash flow hedges	—	0	—
Other comprehensive income (loss)	−5	0	0
Comprehensive income (loss)	−246	347	229
Class B Unit holders of GDH LP	−205	230	153
Noncontrolling interests	46	0	0
Class A common stockholders of the Company	−87	116	—
Net income (loss) used in calculation of net income / (loss) per share of Class A common stock	—	—	76
Basic (in shares)	159	121	106
Diluted (in shares)	366	357	326
Income / (loss) for the period	−241	347	229

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	1,246	462	—	—
Digital intangible assets (includes $2,717.4 and $1,997.4 million measured at fair value)	3,526	2,548	—	—
Digital financial assets	989	360	—	—
Digital asset loans receivable, net of allowance	1,070	580	—	—
Investments	709	835	—	—
Assets posted as collateral, net of allowance	200	277	—	—
Derivative assets	84	208	—	—
Accounts receivable (includes $3.4 and $4.6 million due from related parties)	34	55	—	—
Digital assets receivable	4	54	—	—
Loans receivable, net of allowance	554	477	—	—
Prepaid expenses and other assets	100	27	—	—
Total current assets	8,516	5,881	—	—
Digital assets receivable	5	7	—	—
Digital asset loans receivable, net of allowance, non-current	9	0	—	—
Investments (includes $864.0 and $745.5 million measured at fair value)	1,023	809	—	—
Digital intangible assets	27	21	—	—
Loans receivable, net of allowance, non-current	3	0	—	—
Property and equipment, net	1,423	237	—	—
Other non-current assets	276	107	—	—
Goodwill	67	58	44	—
Total non-current assets	2,832	1,239	—	—
Total assets	11,348	7,120	—	—
Derivative liabilities	40	166	—	—
Accounts payable and accrued liabilities (includes $0.0 and $96.9 million due to related parties)	278	282	—	—
Digital assets borrowed	2,361	1,498	—	—
Payable to customers	86	20	—	—
Loans payable	53	511	—	—
Collateral payable	1,980	1,400	—	—
Notes payable - current	429	0	—	—
Other current liabilities	85	13	—	—
Total current liabilities	5,312	3,888	—	—
Notes payable	2,433	845	—	—
Digital assets borrowed, non-current	56	0	—	—
Other non-current liabilities (includes $72.3 and $0.0 million due to related parties)	513	192	—	—
Total non-current liabilities	3,002	1,038	—	—
Total liabilities	8,313	4,926	—	—
Commitments and contingencies (Note 17)	—	—	—	—
GDH LP Unit Holders	0	2,194	—	—
Additional Paid in Capital	1,615	0	—	—
Accumulated other comprehensive income (loss)	−2	0	—	—
Retained Earnings	343	0	—	—
Total stockholders equity	1,956	2,194	—	—
Noncontrolling interest	1,079	0	—	—
Total equity	3,035	2,194	1,711	1,416
Total liabilities and equity	11,348	7,120	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Digital assets sales revenue	−20,511	−11,150	−24,498
Digital assets sales cost	20,221	11,265	24,464
Impairment of digital assets	257	90	47
Provision for credit losses	−3	4	0
Depreciation and amortization	34	47	23
Other impairment loss	87	101,000	0
Equity based compensation	54	75	82
Noncash management fee	−57	0	0
Noncash borrowing costs	129	71	8
Noncash interest and net staking income	−127	−100	−25
Net realized loss on disposal	0	0	2
Net (gains) / losses from operations	−949	−1,161	−583
Noncash notes interest expense	36	17	14
Taxes	41	−8	2
Other noncash adjustments	698,000	682,000	390,000
Digital assets	435	153	148
Digital assets receivable	490,000	33,000	−3
Investments	−60	0	0
Derivative assets / liabilities	323	239	122
Accounts receivable	25	3	8
Prepaid expenses and other assets	−73	10	−9
Other non-current assets	−186	0	2
Collateral receivable / payable	−56	66	−49
Accounts payable and accrued liabilities	18	92	18
Other current liabilities	16	−422	−13
Other non-current liabilities	235	127	−5
Net cash provided by / (used in) operating activities	−317	−205	−4
Proceeds from repayments and maturities of loans receivable	554	201	67
Origination of loans receivable	−651	−279	−280
Purchase of property, equipment and intangible assets	−1,193	−59	−46
Acquisitions, net of cash received	−8	−5	−44
Disposal of property and equipment	11	3	653,000
Purchase of investments	−2,647	−3,260	−192
Proceeds and distributions from investments	2,642	2,878	210
Net cash provided by / (used in) investing activities	−1,291	−522	−285
Payable to customers	−17	16	−6
Proceeds from loans payable	380	316	117
Repayments of loans payable	−509	−229	−26
Margin loans payable, net	−312	331	0
Proceeds from notes payable, net of issuance costs	2,099	389	0
Share issuance, net of costs	851	125	11
Distributions	−49	−55	−22
Cancellation of Class A Units withheld	−51	−21	−11
Net cash provided by / (used in) financing activities	2,391	872	63
Net increase / (decrease) in cash and cash equivalents	784	145	−225
Interest	53	51	23
Taxes	6	9	9
Digital assets loan receivable, net of allowance	522	475	55
Payables to customers - digital assets	83	0	0
Assets posted as collateral	78	38	291
Digital assets borrowed	920	1,099	228
Collateral payable	636	755	497
Purchase of investments with noncash contributions	374	13	3
Payable for investments purchased	0	3	0
Proceeds from investments included in receivables	70,000	218,000	150,000
Proceeds from investments received as non-cash contributions	321	143	2
Additions to property, plant and equipment and intangible assets	117	160,000	12
Disposals of property, plant and equipment and intangible assets	1	0	0
Reclassification between digital assets receivable and investments	2	389,000	19
Origination of loans receivable with noncash consideration	0	11	11
Receivable for repayment of loans receivable	1	0	0
Repayment of loans receivable with non-cash considerations	17	0	0
Repayments of loans payable with non-cash consideration	18	0	0

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