Core Insights - Galaxy Digital Inc. reported a net loss of $241 million for the full year 2025, with a diluted EPS of $(0.61), primarily due to lower digital asset prices and one-time costs of approximately $160 million [1][2][3] - The company achieved a total equity of $3.0 billion and cash and stablecoin holdings of $2.6 billion as of December 31, 2025, reflecting a 38% year-over-year increase in equity [1][3] - Galaxy's Asset Management business saw $2.0 billion in net inflows, representing 34% organic growth, with total assets on the platform ending the year at $12 billion [1][2] Financial Highlights - For Q4 2025, Galaxy reported a net loss of $482 million, with a diluted EPS of $(1.08), driven by a 24% decrease in total crypto market capitalization [1][2] - The full year 2025 adjusted gross profit was $426 million, while adjusted EBITDA was $34 million [1][2] - Total assets decreased by 2% quarter-over-quarter to $11.35 billion, while total equity decreased by 4% to $3.04 billion [1][2] Segment Performance - Digital Assets segment generated an adjusted gross profit of $51 million in Q4 2025, down 84% from the previous quarter, with adjusted EBITDA of $(29) million [2][3] - Global Markets reported an adjusted gross profit of $30 million in Q4 2025, with a marginal increase in average loan book size to $1.8 billion [2][3] - Asset Management & Infrastructure Solutions generated $21 million of adjusted gross profit in Q4 2025, with $6.4 billion in assets under management [2][3] Corporate Developments - Galaxy completed the acquisition of Alluvial Finance, enhancing its staking platform and positioning itself as a leader in liquid staking protocols [1][2] - The company raised $325 million in equity capital and $1.3 billion through an exchangeable senior notes offering to fund growth initiatives [1][2] - The Helios Data Center campus received ERCOT approval for an additional 830 MW of power capacity, doubling its total approved capacity to over 1.6 gigawatts [1][3]
Galaxy Announces Fourth Quarter and Full Year 2025 Financial Results