Core Insights - Galaxy Digital reported a net loss of $482 million in Q4, primarily due to a 24% decline in total cryptocurrency market capitalization [1] - For the full year, the company experienced a net loss of $241 million, impacted by lower digital asset prices and $160 million in one-time costs related to bitcoin mining infrastructure and corporate reorganization [2] - Despite losses, Galaxy achieved an adjusted gross profit of $426 million and adjusted EBITDA of $34 million for the full year, indicating operational resilience [3] Financial Performance - In Q4, Galaxy's Global Markets segment generated an adjusted gross profit of $30 million, down from a record quarter earlier, with trading volumes declining by about 40% [4] - The Asset Management and Infrastructure Solutions segment reported $21 million in adjusted gross profit in Q4, with $6.4 billion in assets under management and $5.0 billion in assets under stake [5] - The asset management business recorded $2.0 billion in net inflows during 2025, representing 34% organic growth, alongside the expansion of its institutional staking platform [6]
Galaxy Digital reports Q4 loss as digital asset prices fall, posts full-year adjusted EBITDA gain