Galaxy Digital reported a FY 2025 net loss of USD 241.3 million, compared with net income of USD 346.7 million in FY 2024. Adjusted EBITDA was USD 33.7 million in FY 2025 versus USD 715.4 million in FY 2024. Total revenues rose to USD 60.4 billion (up 42.0%) in FY 2025, driven mainly by a USD 17.7 billion increase in digital assets sales, which the company said included a significant 80,000 BTC trade executed in Q3 2025 and higher average digital asset prices during 2025. By revenue line in FY 2025, fees were USD 158.6 million (up 54.0%), blockchain rewards from customers were USD 220.0 million (up 22.0%), and interest income was USD 147.9 million (up 73.0%), reflecting a larger average loan book of USD 1.8 billion. Proprietary mining revenue fell to USD 14.5 million (down 77.0%) after Galaxy Digital ended proprietary mining at its Helios site at the end of Q1 2025; the company also said it generated no mining hosting revenue in FY 2025 after hosting contracts ceased in Q1 2025 ahead of the Helios data center conversion. Impairment of digital assets rose to USD 753.7 million (up 127.0%), which Galaxy Digital attributed to a shift toward digital intangible assets that typically do not qualify for fair value treatment under ASU 2023-08. Galaxy Digital highlighted its expansion into AI/HPC data centers, stating its Helios campus in West Texas is developing the first 133 MW of critical IT load for CoreWeave under a 15-year lease, with full delivery expected by the end of H1 2026, and that Phase II and Phase III leases are expected to bring CoreWeave’s contracted capacity at Helios to 526 MW of critical IT load by 2028. The company also noted it launched GalaxyOne in October 2025, a retail platform offering an FDIC-insured high-yield demand deposit account via Cross River Bank and access to commission-free U.S. equities and crypto trading through partners. On financing, Galaxy Digital reported USD 1.2 billion in cash and cash equivalents at Dec. 31, 2025 (up 169.7%), USD 3.0 billion in total equity (up 38.0%), and said it issued USD 1.3 billion of 0.50% exchangeable senior notes due 2031 in October 2025 and had drawn USD 878.0 million under a Helios project credit agreement providing up to USD 1.4 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Digital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001859392-26-000016), on February 26, 2026, and is solely responsible for the information contained therein.
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