Quarterly ResultMay 8, 2026, 04:27 PM
Galaxy Digital Q1 Net Loss Narrows to $216.3M; Revenue Down
AI Summary
Galaxy Digital reported a net loss of $216.3 million for Q1 2026, an improvement from the $295.4 million loss in Q1 2025. However, revenues decreased to $10.04 billion from $12.98 billion in the prior year period. The company also experienced a shift to negative cash flow from operating and investing activities, while financing activities provided cash. The report highlights the company's recent acquisitions of Alluvial Finance and Meridian Labs, and its focus on digital assets and AI/HPC data center business.
Key Highlights
- Q1 2026 net loss narrowed to $216.3 million from $295.4 million in Q1 2025.
- Total revenues decreased to $10.04 billion in Q1 2026 from $12.98 billion in Q1 2025.
- Basic EPS improved to $(0.48) in Q1 2026 from $(0.86) in Q1 2025.
- Net cash used in operating activities was $83.3 million in Q1 2026, compared to $159.4 million provided in Q1 2025.
- Total assets decreased to $9.99 billion as of March 31, 2026, from $11.35 billion at December 31, 2025.
- Digital assets held decreased to $3.67 billion as of March 31, 2026, from $4.54 billion at December 31, 2025.
- Company acquired Alluvial Finance for $7.1 million and Meridian Labs for $4.2 million in 2025.
Price Impact
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