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Galaxy Digital (TSE:GLXY)
TSX:GLXY
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Galaxy Digital (GLXY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 19, 2026
After Close (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
-0.48
Last Year’s EPS
-1.2
Same Quarter Last Year
Based on 12 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 03, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call balanced meaningful near-term challenges—most notably a GAAP net loss driven by one-time items, a weak Q4 crypto market (Q4 crypto market cap -24%) and sharp volume and platform declines—with strong operational and strategic progress: substantial data center capacity approvals (now >1.6 GW), record trading volumes and Global Markets growth (Global Markets AGP +88% YoY), positive adjusted EBITDA, $2.6B liquidity on hand after Q4 capital raises, and product/partnership momentum in asset management and infrastructure. Near-term financials were pressured by market depreciation and one-offs, but the company has strengthened liquidity and achieved major execution milestones in data centers and product expansion that position it for future revenue growth.
Company Guidance
Management guided that data‑center revenue will be de minimis until Phase One of the CoreWeave lease begins generating revenue, which they expect to start later in Q1 2026 with the first data hall turnover in Q1 and the full 133 MW of Phase‑One critical IT capacity online by H1 2026; Helios now has over 1.6 GW of approved power after a recent 830 MW approval (800 MW contracted to CoreWeave), with two additional interconnect applications totaling ~1.8 GW in process and the newly approved 830 MW expected to be energizable in late 2028–early 2029 (subject to transmission build); phase‑two work is underway to support an incremental 260 MW and long‑lead equipment POs are issued. They reiterated balance‑sheet priorities: $11.3B total assets, >$3B equity, ~$2.6B cash and stablecoins, ~$1.7B net digital assets/investments, and said Q4 capital raises (a $1.3B exchangeable note and $325M equity) will fund continued data‑center build and liquidity needs (including potential repayment of $445M exchangeable notes maturing Dec‑2026). On digital assets they pointed to FY‑2025 adjusted EBITDA of $34M, record Global Markets FY adjusted gross profit of $423M (up 88% YoY), an average loan book of ~$1.8B, $12B assets on platform (down ~15% QoQ), and Q4 trading volumes down ~40% QoQ, while stressing continued investment in on‑chain infrastructure and product launches.
Data Center Capacity Expansion and Execution
Helios campus now has more than 1.6 GW of approved power capacity after a recent 830 MW incremental ERCOT approval; 800 MW is contracted under the CoreWeave lease. First data halls for Phase 1 are on track to be delivered in Q1 with the full 133 MW of critical IT for Phase 1 expected in H1 2026. Phase 2 site work has commenced (260 MW incremental IT capacity planned) and two additional interconnect applications totaling ~1.8 GW are progressing.
Record Trading Volumes and Global Markets Strength
Global Markets delivered $30 million adjusted gross profit in Q4 and $423 million for the full year, an 88% year-over-year increase. The firm reported record trading volumes in 2025, including executing one of the largest notional Bitcoin transactions in digital asset history.
Digital Assets Operating Momentum
Digital assets segment generated record adjusted gross profit of $5 million in 2025, up from $3 million in 2024 (≈67% YoY growth). The company reported $12 billion of assets on platform and grew assets under stake by $750 million during the year.
Positive Adjusted EBITDA and Loan Book Resilience
Despite macro headwinds, Galaxy delivered $34 million of adjusted EBITDA in 2025. The average loan book held steady at ~$1.8 billion, with continued originations and healthy collateralization (management described collateral levels as north of ~110%).
Strong Liquidity and Strategic Capital Raises
Ended the year with $11.3 billion of total assets and over $3 billion of equity capital. Cash and stablecoins were $2.6 billion, up approximately $700 million from Q3 following Q4 capital raises (a $1.3 billion exchangeable note issuance and a $325 million equity investment), generating ~ $1.6 billion of net proceeds.
Asset Management Product and Distribution Wins
Asset management delivered $2 billion of net inflows in 2025 (≈30% organic growth). The company launched new products and partnerships (Invesco Galaxy Solana ETP, collaboration with State Street on a tokenized private liquidity fund), closed the acquisition of Alluvial Finance to enter liquid staking, and announced an initial closing of a tokenized CLO.
Early Traction for Galaxy One Deposit Products
Galaxy One showed early momentum within the first four months of launch with strong adoption of its high-yield products and product enhancements (daily buys, lower minimums, in-app staking & custody forthcoming), offering an 8% yield product to accredited investors under current structure.

Galaxy Digital (TSE:GLXY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:GLXY Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 19, 2026
2026 (Q1)
-0.48 / -
-1.202
Feb 03, 2026
2025 (Q4)
-1.25 / -1.47
0.671-319.67% (-2.15)
Oct 21, 2025
2025 (Q3)
0.53 / 1.57
-0.222807.21% (+1.79)
Aug 05, 2025
2025 (Q2)
0.11 / 0.11
-0.72115.28% (+0.83)
May 13, 2025
2025 (Q1)
-1.03 / -1.18
1.686-169.92% (-2.86)
Mar 28, 2025
2024 (Q4)
0.37 / 0.64
1.261-48.91% (-0.62)
Nov 07, 2024
2024 (Q3)
-0.07 / -0.22
-0.39744.83% (+0.18)
Aug 01, 2024
2024 (Q2)
-0.16 / -0.71
-0.192-271.43% (-0.52)
May 14, 2024
2024 (Q1)
0.68 / 1.69
0.562200.00% (+1.12)
Mar 26, 2024
2023 (Q4)
0.83 / 1.26
-1.261200.00% (+2.52)
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

TSE:GLXY Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 03, 2026
C$36.19C$29.98-17.16%
Oct 21, 2025
C$55.61C$60.07+8.02%
Aug 05, 2025
C$37.08C$38.15+2.89%
May 13, 2025
C$28.39C$29.39+3.52%
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.

FAQ

When does Galaxy Digital (TSE:GLXY) report earnings?
Galaxy Digital (TSE:GLXY) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
    What is Galaxy Digital (TSE:GLXY) earnings time?
    Galaxy Digital (TSE:GLXY) earnings time is at May 19, 2026, After Close (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 2026 (Q1) is -0.48.