GLXY Financial Services

Galaxy Digital

$16.83+15.35%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Financial Services
Industry: Capital Markets
Country: United States
Market cap: 9.9B USD
Full-time employees: 750

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #778 of 791 banks & insurance companies (bottom 2%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Growing fast, still losing money. Revenue grew faster than 83% of peers, at an operating loss.
Revenue grew faster than 83% of peers, but the business runs at an operating loss (margin -0.7%).
More volatile share price. Beta 3.76: tends to move more than the market.
Galaxy Digital's shares have swung more with the market than most peers' (beta 3.76, above the market's 1.0).

StockQuotient Score

7/ 100

Oct 5 7 → Nov 4 7

Valuation

Is the price right?

0/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ P/B
▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield18.4%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile40% base weight · Z-score -2.06Sector median: 0.7950 · MAD: 0.2843

Earnings yield-2.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price60% base weight · Z-score -3.12Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield-2.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield-19.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

20/100

Weak

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growthUnavailable

The loss per share widened100% base weight · Z-score -1.08Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growthUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth24.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

0/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets-2.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile50% base weight · Z-score -2.09Sector median: 0.0117 · MAD: 0.0062

Return on equity-15.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile50% base weight · Z-score -2.86Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating margin-0.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Galaxy Digital

Is Galaxy Digital getting weaker?: Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 7/100 since Oct 28, 2026.
How is Galaxy Digital valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 0/100 against 950 banks & insurance peers. Book yield 18.4% vs a peer median of 79.5% (weaker than 100% of peers).Book yield 18.4% vs peers 79.5% (weaker than 100% of peers).
Is Galaxy Digital growing?: More slowly than most of its peers. Growth scores 20/100 against 950 banks & insurance peers.
How profitable is Galaxy Digital?: Less profitable than most of its peers. Profitability scores 0/100 against 950 banks & insurance peers. Return on assets -2.6% vs a peer median of 1.2% (weaker than 100% of peers).Return on assets -2.6% vs peers 1.2% (weaker than 100% of peers).
How risky is Galaxy Digital?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Galaxy Digital is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	57.5B USD	57.4B USD	−0.2%
Net income (12 months)	−162.2M USD	−278.2M USD	+71.5%
Operating margin	-0.1%	-0.7%	−0.5 pts
Free cash flow (12 months)	−2.0B USD	−1.9B USD	−5.4%
Debt	3.1B USD	3.3B USD	+6.7%
Cash	910.7M USD	895.7M USD	−1.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Capital Markets · 24 companies

Valuations in Capital Markets are above their usual range since Nov 2016.

62% of months since Nov 2016 were valued lower than now.
56% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +34% and earnings +87% (medians): earnings grew faster than prices.
Median price-to-book is +21% vs the whole market, against a usual +28%.

Nov 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2023	FY 2024	FY 2025	Change
Operating margin	0.5%	0.8%	-0.4%	▼ 1.2 pts
Net margin	0.4%	0.8%	-0.4%	▼ 1.2 pts
Return on assets (ROA)	—	4.9%	-2.1%	▼ 7.0 pts
Return on equity (ROE)	13.4%	15.8%	-12.3%	▼ 28 pts
Debt to equity	—	0.39×	1.46×	▲ 280%
Interest coverage	9.32×	11.65×	-4.01×	▼ 134%

GLXY price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #778 of 791 banks & insurance companies (bottom 2%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Growing fast, still losing money. Revenue grew faster than 83% of peers, at an operating loss.

Revenue grew faster than 83% of peers, but the business runs at an operating loss (margin -0.7%).

More volatile share price. Beta 3.76: tends to move more than the market.

Galaxy Digital's shares have swung more with the market than most peers' (beta 3.76, above the market's 1.0).

Questions investors ask about Galaxy Digital

Is Galaxy Digital getting weaker?

Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 7/100 since Oct 28, 2026.

How is Galaxy Digital valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 0/100 against 950 banks & insurance peers. Book yield 18.4% vs a peer median of 79.5% (weaker than 100% of peers).Book yield 18.4% vs peers 79.5% (weaker than 100% of peers).

Is Galaxy Digital growing?

More slowly than most of its peers. Growth scores 20/100 against 950 banks & insurance peers.

How profitable is Galaxy Digital?

Less profitable than most of its peers. Profitability scores 0/100 against 950 banks & insurance peers. Return on assets -2.6% vs a peer median of 1.2% (weaker than 100% of peers).Return on assets -2.6% vs peers 1.2% (weaker than 100% of peers).

How risky is Galaxy Digital?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

57.5B USD

57.4B USD

−0.2%

Net income (12 months)

−162.2M USD

−278.2M USD

+71.5%

Operating margin

-0.1%

-0.7%

−0.5 pts

Free cash flow (12 months)

−2.0B USD

−1.9B USD

−5.4%

Debt

3.1B USD

3.3B USD

+6.7%

Cash

910.7M USD

895.7M USD

−1.6%

Key ratios

FY 2023

FY 2024

FY 2025

Change

Operating margin

0.5%

0.8%

-0.4%

▼ 1.2 pts

Net margin

0.4%

0.8%

-0.4%

▼ 1.2 pts

Return on assets (ROA)

—

4.9%

-2.1%

▼ 7.0 pts

Return on equity (ROE)

13.4%

15.8%

-12.3%

▼ 28 pts

Debt to equity

—

0.39×

1.46×

▲ 280%

Interest coverage

9.32×

11.65×

-4.01×

▼ 134%