Galaxy Digital GLXY

Financial - Capital Markets, Financial Services

$14.68

−3.99%

Market cap: $5.7B
PE: n/m; a loss over the last year
Forward PE: n/m; not a meaningful number
Revenue, 12 months: $57.4B; +25% on a year ago
Net margin: −0.5%

Galaxy Digital's trailing earnings are negative, so it has no PE. Revenue was $57.4B over the last twelve months, up 25% on a year earlier with a −0% net margin.

Charts

Financials

Income statement for GLXY, by quarter
Income statement	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$0	$8.9B	$8.6B	$15.8B	$13B	$8.7B−3%	$28.4B+231%	$10.4B−34%	$10B−23%	$8.6B−1%
SG&A	$19.7M	$22.3M	$23.9M	$213.4M	$86.6M+340%	$11.8M−47%	$58.7M+145%	$18.4M−91%	$20.4M−76%	$18.8M+59%
	$404.2M	−$134.2M	−$34.9M	$122.7M	−$288.1M	$55.5M	$558.7M	−$540.1M	−$217.7M−25%	−$103.8M
Interest expense	$7M	$7M	$7.1M	$9.7M	$14.1M+102%	$14.2M+102%	$14.4M+103%	$16.5M+71%	$17.6M+25%	$25.1M+76%
Pre-tax income	−$1K	−$139.6M	−$41.2M	$113.2M	−$301.5M+30154300%	$42.2M	$545.2M	−$556.5M	−$234.6M−22%	−$128.2M
	$0	−$14M	−$7.9M	−$4.3M	−$6.1M	$11.5M	$40.1M	−$74.8M+1626%	−$18.2M+199%	−$42.9M
Net income	−$1K	−$125.6M	−$33.3M	$117.5M	−$295.4M+29543100%	$30.7M	$505.1M	−$481.7M	−$216.3M−27%	−$85.3M
	n/a	−$0.37	−$0.10	$0.11	−$0.86	$0.08	$1.01	−$2.53	−$0.49−43%	−$0.09
	n/a	338.2M	341.2M	1B	127.9M	371.7M+10%	221.5M−35%	190.3M−81%	390.5M+205%	192.9M−48%

SG&A: Q1 FY24: 6 months less the 3 months printed beside them.

Operating income: Q1 FY24: 6 months less the 3 months printed beside them. 9 periods, Q2 FY24 to Q2 FY26: not printed by the filing, worked out from its own lines.

Interest expense: Q1 FY24: 6 months less the 3 months printed beside them.

EPS, diluted: Q4 FY24 and Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Financial - Capital Markets nearest Galaxy Digital's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
GLXYGalaxy Digital	$5.7B	n/m	n/a	n/m	n/m	+25%	−0.5%
MKTXMarketaxess	$5.8B	19.4×	49.3×	n/m	n/m	+4%	35.2%
PIPRPiper Sandler Companies	$4.6B	15.0×	20.6×	n/m	n/m	+32%	14.5%
VIRTVirtu Financial	$8.7B	9.3×	10.9×	n/m	n/m	+21%	13.5%
MIAXMiami International	$3.4B	39.1×	46.1×	n/m	n/m	+17%	9.7%
SFStifel Financial	$10.1B	11.9×	14.5×	n/m	n/m	+11%	14.3%
WTWisdomTree	$3.2B	40.8×	21.9×	n/m	n/m	+37%	13.3%
FRHCFreedom	$10.9B	67.7×	25.0×	n/m	n/m	+15%	6.5%
SEICSEI Investments	$12.3B	18.0×	18.4×	n/m	n/m	+11%	28.8%
CRCLCircle Internet	$21.8B	54.0×	54.4×	n/m	n/m	+37%	15.5%
LPLALPL Financial	$24.9B	25.2×	21.1×	11.7×	n/m	+39%	5.1%
Peer median	$9.4B	22.3×	21.5×	11.7×	n/a	+19%	13.9%