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Galaxy Digital Holdings Ltd. (TSE:GLXY)
TSX:GLXY
RESEARCH TOOLSreports
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.75Last Year’s EPS
1.74Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 28, 2025
|% Change Since: -24.20%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
Galaxy Digital reported a strong performance in 2024 with significant growth in its operating businesses and expansion into AI data centers. However, the positive results were offset by legal settlement charges and challenges in the crypto market affecting Q1 2025. The company is optimistic about the future despite short-term market volatility.Company Guidance
In the Galaxy Digital Fourth Quarter 2024 Earnings Call, CEO Mike Novogratz highlighted the company's significant achievements and challenges. Galaxy Digital reported over $400 million in revenue and a net income of $365 million or $1.02 per diluted share for the year, despite a $166 million legal settlement with the New York Attorney General. Excluding the settlement, net income was $532 million or $1.49 per share. The firm also ended 2024 with $7.2 billion in total assets and $2.3 billion in equity capital. The company observed notable growth in its markets and lending businesses, with the markets business generating $250 million in revenue, a 107% increase from the previous year. Additionally, Galaxy announced a significant 15-year lease agreement with CoreWeave to develop one of the largest AI data centers in the U.S., expected to generate $4.5 billion in revenue over the term. Looking ahead, Novogratz expressed optimism about the potential impacts of regulatory changes under the Trump administration, including stablecoin legislation and expanded cryptocurrency regulations, anticipating these could positively influence the market.Record Operating Business Performance in 2024
Galaxy Digital achieved over $400 million in operating revenue, marking the first year of profitability for its combined operating businesses.
AI Data Center Expansion with CoreWeave
Galaxy Digital announced a transformative 15-year lease agreement with CoreWeave to develop one of the largest AI data centers in the U.S., expected to generate $4.5 billion in revenue over the term.
Strong Growth in Trading and Lending
The markets business generated $250 million in counterparty trading and advisory revenue, a 107% increase from 2023. The lending business saw a 72% growth year-over-year.
Significant Growth in Staking Business
Galaxy's staking business grew from $240 million to $4.2 billion in assets under stake, with a 147% increase in net blockchain rewards quarter-over-quarter.
Launch of New Investment Products
The company launched two crypto ETFs with Invesco and two ETPs with DWS, along with a new crypto venture fund raising nearly $150 million.
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TSE:GLXY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GLXY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 28, 2025 | C$17.44 | C$16.45 | -5.68% |
| Nov 07, 2024 | C$20.67 | C$23.73 | +14.80% |
| Aug 01, 2024 | C$16.58 | C$14.11 | -14.90% |
| May 14, 2024 | C$12.55 | C$12.41 | -1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Galaxy Digital Holdings Ltd. (TSE:GLXY) report earnings?
Galaxy Digital Holdings Ltd. (TSE:GLXY) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Galaxy Digital Holdings Ltd. (TSE:GLXY) earnings time?
Galaxy Digital Holdings Ltd. (TSE:GLXY) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GLXY EPS forecast?
TSE:GLXY EPS forecast for the fiscal quarter 2025 (Q1) is -0.75.
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