Financial Services · Investment - Banking & Investment Services
Price
$29.26
Market Cap
$9.7B
Employees
700
Beta
3.60
Avg Volume
6,087,540
CEO
Michael Novogratz
Business Description
Galaxy Digital Inc. engages in the digital asset and data centre infrastructure businesses in North America and internationally. It operates through Digital Assets, Data Centers, and Treasury and Corporate segments. The Digital Assets segment provides over-the-counter spot and derivatives trading, lending, and structured products, as well as mergers and acquisitions advisory, and equity and debt capital markets services. This segment also manages investments in the digital assets’ ecosystem; and offers blockchain-centric technology and infrastructure solutions, including staking, tokenization, and custodial technology. The Data Centers segment comprises the Helios infrastructure assets. The Treasury and Corporate segment engages in managing a portfolio of digital assets, ventures, private equity, and fund investments, as well as in bitcoin mining operations. It also offers GalaxyOne, a retail financial technology platform designed for individual investors seeking access to traditional and digital markets. The company was founded in 2018 and is headquartered in New York, New York.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-55.21
Stock Price: $29.26
EPS (Diluted): -0.53
EPS (Diluted): -0.53
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.85
Stock Price: $29.26
Total Equity: $1.92B
Shares: 159,201,378
Total Equity: $1.92B
Shares: 159,201,378
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.70
Market Cap: $9.71B
Total Debt: $5.33B
Cash: $1.45B
EBITDA: $609.18M
Total Debt: $5.33B
Cash: $1.45B
EBITDA: $609.18M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$7.4B
Market Cap: $9.71B
Total Debt: $5.33B
Cash: $1.45B
Total Debt: $5.33B
Cash: $1.45B
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.06
Stock Price: $29.26
Revenue: $61.36B
Shares: 159,201,378
Revenue: $61.36B
Shares: 159,201,378
EV/Sales (Total value vs revenue — works when P/E can't)
API0.12
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
1.9%
Gross Profit: $1.15B
Revenue: $61.36B
Revenue: $61.36B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.9%
Operating Income: $575.11M
Revenue: $61.36B
Revenue: $61.36B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-0.1%
Net Income: -$84.86M
Revenue: $61.36B
Revenue: $61.36B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-3.8%
Net Income: -$84.86M
Total Equity: $1.92B
Total Equity: $1.92B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
11.4%
Operating Income: $575.11M
Tax Rate: 10.8%
Equity: $1.92B
Total Debt: $5.33B
Cash: $1.45B
Tax Rate: 10.8%
Equity: $1.92B
Total Debt: $5.33B
Cash: $1.45B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.60
Current Assets: $8.52B
Current Liabilities: $5.31B
Current Liabilities: $5.31B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.77
Short-Term Debt: $2.84B
Long-Term Debt: $2.49B
Total Debt: $5.33B
Total Equity: $1.92B
Long-Term Debt: $2.49B
Total Debt: $5.33B
Total Equity: $1.92B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$385.40
Revenue: $61.36B
Shares: 159,201,378
Shares: 159,201,378
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$12.09
Total Equity: $1.92B
Shares: 159,201,378
Shares: 159,201,378
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-9.10
Operating CF: -$256.47M
CapEx: -$1.19B
Shares: 159,201,378
CapEx: -$1.19B
Shares: 159,201,378
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.4%
Last Dividend: N/A
Stock Price: $29.26
Stock Price: $29.26
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$84.86M
Net Income: -$84.86M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares GLXY against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 26, 2026 6:55pm (14h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $43.8B | $61.4B |
| Cost of Revenue | $0 | $0 | $0 | $42.5B | $60.2B |
| Gross Profit | $0 | $0 | $0 | $1.3B | $1.1B |
| Operating Expenses | $4.3M | $2.5M | $2.2M | $579.6M | $570.7M |
| Operating Income | -$4.3M | -$2.5M | -$2.2M | $721.5M | $575.1M |
| Net Income | $402.1M | -$522.7M | $454.8M | $116.3M | -$84.9M |
| EBITDA | -$4.3M | -$2.5M | -$2.2M | $768.4M | $609.2M |
| EPS | $4.27 | $-4.99 | $4.30 | $0.96 | $-0.53 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 26, 2026 6:55pm (14h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $26.8M | $10.0M | $833,000 | $739.3M | $1.4B |
| Total Current Assets | $47.3M | $78.9M | $89.2M | $5.9B | $8.5B |
| Total Assets | $888.8M | $394.3M | $875.2M | $7.1B | $11.3B |
| Current Liabilities | $66.6M | $56.8M | $57.2M | $3.9B | $5.3B |
| Long-Term Debt | $0 | $0 | $0 | $845.2M | $2.5B |
| Total Liabilities | $102.5M | $95.0M | $94.2M | $4.9B | $8.3B |
| Total Equity | $786.3M | $299.3M | $781.0M | $2.2B | $1.9B |
| Retained Earnings | $332.0M | -$190.7M | $264.1M | $0 | $342.9M |
Cash Flow (Annual)
Last updated: Jun 26, 2026 6:55pm (14h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$19.5M | -$76.8M | -$16.5M | -$18.5M | -$256.5M |
| Capital Expenditure | $0 | $0 | $0 | $0 | -$1.2B |
| Free Cash Flow | -$19.5M | -$76.8M | -$16.5M | -$18.5M | -$1.4B |
| Acquisitions (net) | $12.2M | $107.4M | -$43.9M | -$104.8M | -$7.8M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$53.3M | -$10.7M | -$20.5M | $0 |
| Net Change in Cash | $26.8M | -$16.8M | -$9.2M | $979,000 | $707.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 6:55pm (14h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$46.6B $43.7B – $50.2B
|
$59.0B $56.2B – $63.3B
|
$66.8B $64.9B – $68.7B
|
$119.9B $105.8B – $138.5B
|
| EBITDA |
$28.2B $26.4B – $30.4B
|
$35.7B $34.0B – $38.4B
|
$40.5B $39.3B – $41.6B
|
$72.6B $64.1B – $83.8B
|
| Net Income |
-$37.8M -$109.5M – $13.5M
|
$88.5M -$34.3M – $92.2M
|
$32.6M $27.0M – $38.2M
|
$29.2M $24.8M – $35.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 26, 2026 6:55pm (14h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | — | — | +40.2% |
| Gross Profit Growth | — | — | — | -11.9% |
| Operating Income Growth | +41.7% | +13.0% | +33,547.4% | -20.3% |
| Net Income Growth | -230.0% | +187.0% | -74.4% | -173.0% |
| EBITDA Growth | +41.7% | +13.0% | +35,721.3% | -20.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 5:29am (3h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Rico Robert Daniel | M-Exempt | 12,000.00 | $4.83 | $57,960 |
| 2026-06-15 | Rico Robert Daniel | S-Sale | 19,000.00 | $34.22 | $650,256 |
| 2026-06-15 | Rico Robert Daniel | M-Exempt | 12,000.00 | $4.83 | $57,960 |
| 2026-06-09 | Rico Robert Daniel | M-Exempt | 12,000.00 | $4.83 | $57,960 |
| 2026-06-09 | Rico Robert Daniel | S-Sale | 19,000.00 | $31.62 | $600,837 |
| 2026-06-09 | Rico Robert Daniel | M-Exempt | 12,000.00 | $4.83 | $57,960 |
| 2026-06-01 | Novogratz Michael | F-InKind | 4,683.00 | $29.58 | $138,523 |
| 2026-06-01 | Ferraro Christopher C | F-InKind | 3,891.00 | $29.58 | $115,096 |
| 2026-06-01 | Brown Erin Elizabeth | F-InKind | 1,951.00 | $29.58 | $57,711 |
| 2026-06-01 | Rico Robert Daniel | F-InKind | 161.00 | $29.58 | $4,762 |
| 2026-05-22 | DAFFEY MICHAEL D | M-Exempt | 250,000.00 | $16.54 | $4.1M |
| 2026-05-22 | DAFFEY MICHAEL D | S-Sale | 160,765.00 | $28.66 | $4.6M |
| 2026-05-22 | DAFFEY MICHAEL D | S-Sale | 89,235.00 | $29.27 | $2.6M |
| 2026-05-22 | DAFFEY MICHAEL D | M-Exempt | 250,000.00 | $16.54 | $4.1M |
| 2026-05-21 | DAFFEY MICHAEL D | M-Exempt | 250,000.00 | $16.54 | $4.1M |
| 2026-05-21 | DAFFEY MICHAEL D | S-Sale | 171,076.00 | $28.66 | $4.9M |
| 2026-05-21 | DAFFEY MICHAEL D | S-Sale | 78,924.00 | $29.03 | $2.3M |
| 2026-05-21 | DAFFEY MICHAEL D | M-Exempt | 250,000.00 | $16.54 | $4.1M |
| 2026-05-13 | Novogratz Michael | G-Gift | 1,650,000.00 | $0.00 | $0 |
| 2026-03-02 | Brown Erin Elizabeth | F-InKind | 55,433.00 | $20.59 | $1.1M |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for GLXY — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30