Key Takeaways
- • Galaxy Digital reported net income of $322.8 million for the third quarter of 2026 (period ended Sept. 30, 2026), reversing an $85.3 million loss in the second quarter.
- • Adjusted EBITDA rose to $454.7 million from a $77.3 million loss in Q2; diluted EPS was 66 cents and adjusted EPS was 83 cents.
- • Treasury & Corporate contributed $418.9 million of the $569.3 million adjusted gross profit, with Digital Assets adding $71.3 million and Data Centers $79.1 million.
- • Data Centers adjusted EBITDA climbed from $11.5 million in Q2 to $68.7 million in Q3, while digital-asset trading volumes rose 12% quarter over quarter.
- • The board authorized a new $200 million share-repurchase program on Oct. 26, following about 9.8 million shares bought back under the prior authorization.
Summary
Galaxy Digital Inc. posted $322.8 million in net income for the third quarter of 2026, reversing a second-quarter loss of $85.3 million and compared with $505.1 million in the year-earlier quarter. Adjusted EBITDA, a non-GAAP measure, came in at $454.7 million for the period ended Sept. 30, 2026, against a $77.3 million loss in the prior quarter. The company released the results before Nasdaq opened on Tuesday, Oct. 27.
Diluted earnings per share were 66 cents, while adjusted earnings per share were 83 cents. Adjusted gross profit, also non-GAAP, totaled $569.3 million, led by Treasury & Corporate at $418.9 million. Digital Assets contributed $71.3 million and Data Centers $79.1 million.
Galaxy's digital-asset trading volumes rose 12% from the prior quarter, even as broader spot-market volumes declined, according to the company's results. Data Centers adjusted EBITDA increased sharply from $11.5 million in the second quarter to $68.7 million in the third. Galaxy said its data centers support artificial intelligence and high-performance computing workloads.
Founder and Chief Executive Officer Mike Novogratz said the company's progress across both businesses is "strengthening and diversifying our earnings profile, while positioning Galaxy to capitalize on substantial growth opportunities." Galaxy described the results as preliminary and noted that final financial statements could change after routine quarterly accounting procedures.
Separately, Galaxy's board authorized another $200 million share-repurchase program on Oct. 26. The company said it had bought back about 9.8 million shares before completing the earlier authorization on Oct. 15.
Diluted earnings per share were 66 cents, while adjusted earnings per share were 83 cents. Adjusted gross profit, also non-GAAP, totaled $569.3 million, led by Treasury & Corporate at $418.9 million. Digital Assets contributed $71.3 million and Data Centers $79.1 million.
Galaxy's digital-asset trading volumes rose 12% from the prior quarter, even as broader spot-market volumes declined, according to the company's results. Data Centers adjusted EBITDA increased sharply from $11.5 million in the second quarter to $68.7 million in the third. Galaxy said its data centers support artificial intelligence and high-performance computing workloads.
Founder and Chief Executive Officer Mike Novogratz said the company's progress across both businesses is "strengthening and diversifying our earnings profile, while positioning Galaxy to capitalize on substantial growth opportunities." Galaxy described the results as preliminary and noted that final financial statements could change after routine quarterly accounting procedures.
Separately, Galaxy's board authorized another $200 million share-repurchase program on Oct. 26. The company said it had bought back about 9.8 million shares before completing the earlier authorization on Oct. 15.
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