Opening its yearly report…Finding every part…Pulling out what matters…
GLXY yearly report (10-K), explained · candor
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GLXYGalaxy Digital Inc.
The yearly report (10-K), explained
Once a year, every US-listed company files a full report with the SEC called the 10-K. It's longer and more detailed than the glossy annual report sent to shareholders, and its figures are checked by an independent auditor. Here is Galaxy Digital's latest one, part by part: what each part is, why people read it, and what it says. Filed Feb 26, 2026, covering the period to Dec 31, 2025.
At a glance
AuditorKPMG LLPAuditor's opinionClean: the statements are fairly presentedCan it keep going?No going-concern warningMoney controlsManagement says they workedPeople working thereAbout 530Risks it lists98
Found by candor in the report's own text. Green means the usual, reassuring wording was found; amber means read that part.
Where the pages go
About 222 pages, roughly 11 hours to read in full
Point at or tap a block to see which part it is. The longest parts are usually the risks, the managers' discussion and the financial statements.
What its 98 listed risks are about
Each risk heading sorted by the words it uses. Open “What could go wrong” below to read them all.
Laws and regulators22
Other21
Products and technology12
Economy and markets11
Suppliers and operations7
Debt, money and the stock6
Deals and investments6
Cyber and data5
People3
Reputation and brand3
World events and climate1
Competition1
Every part, explained
The notes behind the numbers
The statements only show totals. The 30 notes explain each one: how Galaxy Digital counts sales, what it owes and when, its tax bill, its leases, its business segments and more. Open a note to read it and see its tables.
Filed with the SEC on Feb 26, 2026, for the period ending Dec 31, 2025. Open the original report. Plain-English names and explanations are candor's; anything in quotation marks is Galaxy Digital's own words.