Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
GLXYGalaxy Digital Inc.
Every company that sells shares in the US files four statements with the SEC. Together they show whether Galaxy Digital made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Galaxy Digital filed it, with what each one means in plain English.
As filed with the SEC on Feb 26, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
Out of every $100 of sales
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $60.4B▲ 42% | $42.6B | $51.6B | |
| $948.9M▼ 18% | $1.2B | $582.9M | |
| $61.4B▲ 40% | $43.8B | $52.2B | |
| Operating expenses | |||
| $60.2B▲ 42% | $42.4B | $51.5B | |
| $753.7M▲ 127% | $331.9M | $98.3M | |
| $299.9M▲ 13% | $265.6M | $219.3M | |
| $182.9M▼ 35% | $279.3M | $58.4M | |
| $46.9M▲ 54% | $30.5M | $20.1M | |
| $75.0M▲ 47% | $51.1M | $38.1M | |
| $59.2M▲ 92% | $30.8M | $27.3M | |
| $61.6B▲ 42% | $43.4B | $52.0B | |
| Other income / (expense) | |||
| −$35.5M▼ 12% | −$31.7M | −$9.6M | |
| $2.7M▼ 2.5% | $2.8M | −$135.0K | |
| −$32.8M▼ 13% | −$29.0M | −$9.7M | |
| −$270.7M | $329.8M | $244.4M | |
| −$29.3M▼ 73% | −$16.9M | $15.9M | |
| −$241.3M | $346.7M | $228.5M | |
| Other comprehensive income (loss), net of tax | |||
| – | $0 | – | |
| −$4.5M | $0 | $0 | |
| −$245.9M | $346.7M | $228.5M | |
| −$204.7M | $230.5M | $152.7M | |
| $45.8M | $0 | $0 | |
| −$86.9M | $116.3M | – | |
| Net income / (loss) per share of Class A common stock | |||
| – | – | $75.9M | |
| Weighted average shares outstanding used to compute net income / (loss) per share | |||
| 159.2M shares▲ 32% | 120.8M shares | 105.7M shares | |
| 366.5M shares▲ 2.7% | 356.7M shares | 326.0M shares | |
| −$241.3M | $346.7M | $228.5M | |
| Class B Unit Capital | Capital Units | |||
|---|---|---|---|
| Profit (net income) (Income / (loss) for the period) | – | $230.5M | $152.7M |
| Galaxy Digital Holdings, LP | |||
| Sales (Revenues) | $60.4B | $42.6B | $51.6B |
| Gains or losses (Gains / (losses) from operations) | $948.9M | $1.2B | $582.9M |
| Gains or losses (Revenues and gains / (losses) from operations) | $61.4B | $43.8B | $52.2B |
| Other item (Transaction expenses) | $60.2B | $42.4B | $51.5B |
| Write-down of asset values (impairment) (Impairment of digital assets) | $753.7M | $331.9M | $98.3M |
| Total running costs (operating expenses) (Total operating expenses) | $61.6B | $43.4B | $52.0B |
| Other income and costs (Total other income / (expense)) | −$33.5M | −$29.0M | −$9.7M |
| Profit before tax (Net income / (loss) before taxes) | −$281.7M | $329.8M | $244.4M |
| Income tax (Income taxes expense / (benefit)) | −$8.7M | −$16.9M | – |
| Other gains and losses not in profit (other comprehensive income) (Other comprehensive income (loss)) | −$4.5M | $0 | $0 |
| Profit plus other gains and losses (comprehensive income) (Comprehensive income (loss)) | −$277.5M | $346.7M | $228.5M |
| Profit (net income) (Income / (loss) for the period) | −$273.0M | $346.7M | $228.5M |
| Class A Common Stock | |||
| Profit for ordinary shareholders (Net income (loss) used in calculation of net income / (loss) per share of Class A common stock) | −$84.9M | $116.3M | $75.9M |
| Profit per share (basic EPS) (Basic) | −$0.53 | $0.96 | $0.72 |
| Profit per share, counting promised shares (diluted EPS) (Diluted) | −$0.61 | $0.84 | $0.60 |
Every line as the company filed it (USD ($), $ in Thousands), shown in full dollars. See this statement on SEC.