Galaxy Digital Q4 Earnings Call Highlights

Galaxy’s digital assets operating segment delivered record adjusted gross profit of $505 million in 2025, up from $303 million in 2024 , which management described as 67% year-over-year growth . Leadership said growth was broad-based across trading, investment banking, lending, asset management, and staking.Despite those non-recurring items, Galaxy reported $34 million of adjusted EBITDA for 2025. Management framed the year’s performance in the context of a 10% decline in total crypto market capitalization ...