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Galaxy Digital
(TSX:GLXY)
Galaxy Digital (GLXY) vs. iShares MSCI Canada ETF (EWC)
Galaxy Digital Business Overview & Revenue Model
Galaxy Digital Earnings Call Summary
Galaxy Digital Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 120.49B | 136.12B | 0.00 |
| Gross Profit | 0.00 | 0.00 | -631.16M | 1.85B | 0.00 |
| EBITDA | 0.00 | 493.24M | -794.54M | 1.72B | -1.90M |
| Net Income | 78.86M | 454.76K | -522.68M | 402.08M | 103.39M |
Balance Sheet | |||||
| Total Assets | 1.12B | 875.24M | 394.27M | 888.78M | 267.77M |
| Cash, Cash Equivalents and Short-Term Investments | 1.81M | 833.00K | 10.05M | 26.82M | 0.00 |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 366.24M |
| Total Liabilities | 98.19M | 94.20M | 94.97M | 102.48M | 20.78M |
| Stockholders Equity | 1.02B | 781.03M | 299.31M | 786.29M | 246.99M |
Cash Flow | |||||
| Free Cash Flow | -18.55M | -16.52M | -76.77M | -19.55M | 103.39M |
| Operating Cash Flow | -18.55M | -16.52M | -76.77M | -19.55M | 103.39M |
| Investing Cash Flow | -85.31M | 6.86M | 107.40M | 12.24M | -49.28M |
| Financing Cash Flow | 104.83M | 439.00K | -47.40M | 34.13M | 49.28M |
Galaxy Digital Technical Analysis
Galaxy Digital Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $12.58B | 31.80 | -21.23% | ― | ― | -165.00% | |
68 Neutral | $17.56B | 11.61 | 10.34% | 3.76% | 9.69% | 0.41% | |
60 Neutral | C$3.21B | 16.21 | 15.87% | ― | 2.40% | 27.15% | |
56 Neutral | $709.35M | ― | -5.84% | ― | 7.57% | 40.56% | |
55 Neutral | $986.86M | ― | -15.17% | ― | 46.65% | 44.91% | |
51 Neutral | C$52.84M | ― | -18.42% | ― | 17.11% | -26125.00% | |
41 Neutral | C$4.24M | ― | -80.93% | ― | -66.56% | 4.86% |
Galaxy Digital Corporate Events
Galaxy Digital Holdings Ltd. announced its intent to list on the Nasdaq Global Select Market on May 16, 2025, contingent on shareholder approval of a proposed reorganization and final Nasdaq approval. This move is seen as a transformative milestone that could enhance the company’s value and attract a broader investor base, while existing shares will continue trading on the Toronto Stock Exchange.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
Galaxy Digital’s stock score reflects a company with strong profitability and strategic growth initiatives, particularly in AI and digital assets. The robust balance sheet and no debt are significant positives. However, concerns about revenue volatility, cash management, and recent market challenges weigh on the score. The technical analysis suggests potential near-term volatility, while the company’s valuation appears fair. Overall, the company’s strategic positioning and optimism about future growth provide a solid foundation, but investors should remain cautious of market volatility and regulatory challenges.
To see Spark’s full report on TSE:GLXY stock, click here.
Galaxy Digital Holdings Ltd. announced it will release its first quarter 2025 financial results on May 13, 2025, before the Toronto Stock Exchange opens. CEO Michael Novogratz and the management team will host a conference call to discuss the company’s activities and results, which will be accessible via a live webcast. This announcement comes ahead of a special shareholder meeting on May 9, 2025, to approve the company’s reorganization and domestication from the Cayman Islands to Delaware, marking a significant transition in its corporate structure.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
Galaxy Digital’s stock score reflects a company with strong profitability and strategic growth initiatives, particularly in AI and digital assets. The robust balance sheet and no debt are significant positives. However, concerns about revenue volatility, cash management, and recent market challenges weigh on the score. The technical analysis suggests potential near-term volatility, while the company’s valuation appears fair. Overall, the company’s strategic positioning and optimism about future growth provide a solid foundation, but investors should remain cautious of market volatility and regulatory challenges.
To see Spark’s full report on TSE:GLXY stock, click here.
Galaxy Digital Holdings Ltd. has announced a new agreement with CoreWeave Inc. to expand its AI and high-performance computing infrastructure at the Helios data center campus in West Texas. This agreement will increase the total committed capacity to 393 MW of critical IT load, strengthening Galaxy’s position in the AI data center market. The transition from bitcoin mining to AI and HPC infrastructure is underway, with Phase I expected to be operational by the first half of 2026 and Phase II throughout 2027. This move diversifies Galaxy’s business and enhances its ability to deliver value to shareholders, while also supporting Texas’s transformation into a digital infrastructure hub.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
Galaxy Digital Holdings demonstrates strong profitability and strategic growth initiatives, notably in AI and digital assets. While financial stability issues and recent market challenges present risks, the company’s optimistic outlook and reasonable valuation support a solid overall score. The significant Nasdaq listing progress and UK expansion further bolster the company’s strategic positioning.
To see Spark’s full report on TSE:GLXY stock, click here.
Galaxy Digital Holdings Ltd. announced that the SEC has approved its registration statement, marking a significant step towards its reorganization and U.S. listing on Nasdaq. This move is expected to enhance Galaxy’s market presence and operational capabilities, with a special shareholder meeting scheduled for May 9, 2025, to approve the reorganization.
Spark’s Take on TSE:GLXY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Neutral.
Galaxy Digital Holdings demonstrates strong profitability and strategic growth initiatives, notably in AI and digital assets. Financial stability issues and recent market challenges present risks, but the company’s optimistic outlook and reasonable valuation support a solid overall score.
To see Spark’s full report on TSE:GLXY stock, click here.
Galaxy Digital Holdings has secured a license from the UK’s Financial Conduct Authority (FCA) for its UK subsidiary, Galaxy Digital UK Ltd, to execute derivatives trading in London. This significant regulatory approval expands Galaxy’s global trading operations and strengthens its investment banking and asset management services in the UK. The license enhances Galaxy’s ability to meet the growing institutional demand for digital assets, reinforcing its position as a leading player in the digital assets ecosystem. The UK’s regulatory framework for crypto assets is seen as a leader in the global digital asset landscape, attracting innovation and investment to the region.
Galaxy Digital Holdings reported a net income of $174 million for Q4 2024 and $365 million for the full year, despite a legal settlement with the New York Attorney General impacting results. The company is progressing with its reorganization to become a Delaware-incorporated entity and plans to list on Nasdaq, subject to regulatory approvals. Additionally, Galaxy entered a significant 15-year lease agreement with CoreWeave to support AI and HPC infrastructure, expected to generate $4.5 billion in revenue. The company also saw substantial growth in its trading and advisory services, driven by increased derivatives activity and institutional demand.
GK8 by Galaxy has integrated its unlimited MPC (uMPC) technology with the Avalanche blockchain, enhancing institutional access to DeFi applications. This integration allows institutions to securely engage with DeFi through MetaMask Institutional, leveraging Avalanche’s low transaction fees and rapid finality. The uMPC technology supports all EVM-compatible chains, ensuring secure asset management without compromising transaction speed, thereby fostering greater institutional participation in DeFi.
Galaxy Digital Holdings Ltd. announced that it will release its fourth quarter and full year 2024 financial results on March 28, 2025, before the Toronto Stock Exchange opens. CEO Michael Novogratz and management will host a conference call to discuss the results and provide updates to shareholders. This announcement is significant as it provides stakeholders with insights into the company’s financial health and strategic direction, potentially impacting investor confidence and market positioning.
GK8 by Galaxy has integrated its unlimited MPC (uMPC) technology with the Avalanche blockchain, enhancing institutional access to decentralized finance (DeFi) applications. This integration allows users to securely deploy digital assets into various DeFi services via MetaMask Institutional, leveraging Avalanche’s low fees and fast transaction times. The move is expected to bolster institutional trust and participation in DeFi by ensuring secure and efficient interactions with blockchain-based financial services.