Quarterly ResultAug 10, 2026, 05:08 PM
Galaxy Digital Reports Q2 Net Loss of $85.3M; Revenue Down 3.8%
AI Summary
Galaxy Digital reported a net loss of $85.3 million for the second quarter of 2026, a decline from a net income of $30.7 million in the same period last year. Revenues and gains from operations for the quarter decreased by 3.8% to $8.71 billion. For the first half of 2026, the net loss widened to $301.6 million. The company also noted increased impairment of digital assets and highlighted risks associated with cryptocurrency volatility and its expanding AI/HPC data center business.
Key Highlights
- Net loss for Q2 2026 was $85.3 million, compared to net income of $30.7 million in Q2 2025.
- Revenues and gains from operations for Q2 2026 decreased to $8.71 billion from $9.06 billion in Q2 2025.
- Basic net loss per share for Q2 2026 was $0.09, down from basic EPS of $0.10 in Q2 2025.
- Net loss for the six months ended June 30, 2026, increased to $301.6 million from $264.7 million in H1 2025.
- Total assets as of June 30, 2026, were $10.84 billion, a decrease from $11.35 billion at year-end 2025.
- Impairment of digital assets for H1 2026 significantly increased to $465.8 million.
- Data center leasing revenue for H1 2026 was $18.9 million, reflecting a new business segment.
- The company highlights significant risks from cryptocurrency volatility and regulatory changes.
Price Impact
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