$GLXY
Galaxy Digital Inc.
CIK:0001859392|SEC Filings
Condensed Consolidated Interim Statements of Operations and Other Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | $ 8,557,336 | $ 8,661,555 | $ 18,598,780 | $ 21,637,761 | |||||||||
| Gains / (losses) from operations | 134,320 | 395,094 | 306,101 | 274,763 | |||||||||
| Data center leasing revenue | 18,877 | 0 | 18,877 | 0 | |||||||||
| Revenues and gains / (losses) from operations | 8,710,533 | 9,056,649 | 18,923,758 | 21,912,524 | |||||||||
| Operating expenses: | |||||||||||||
| Transaction expenses | 8,485,821 | 8,629,940 | 18,502,566 | 21,576,949 | |||||||||
| Impairment of digital assets | 181,348 | 127,477 | 465,750 | 239,906 | |||||||||
| Compensation and benefits | 83,996 | 64,969 | 167,544 | 121,922 | |||||||||
| General and administrative | 18,766 | 11,783 | 33,348 | 85,745 | |||||||||
| Depreciation and amortization | 9,161 | 7,458 | 15,000 | 20,071 | |||||||||
| Technology | 16,254 | 11,598 | 31,017 | 21,485 | |||||||||
| Professional fees | 19,012 | 22,791 | 30,043 | 43,563 | |||||||||
| Notes interest expense | 25,098 | 14,240 | 42,674 | 28,311 | |||||||||
| Total operating expenses | 8,839,456 | 8,890,256 | 19,287,942 | 22,137,952 | |||||||||
| Other income / (expense): | |||||||||||||
| Unrealized gain / (loss) on notes payable - derivative | 0 | (125,150) | 0 | (35,544) | |||||||||
| Other income / (expense), net | 736 | 918 | 1,440 | 1,590 | |||||||||
| Total other income / (expense) | 736 | (124,232) | 1,440 | (33,954) | |||||||||
| Net income / (loss) before taxes | (128,187) | 42,161 | (362,744) | (259,382) | |||||||||
| Income taxes expense / (benefit) | (42,871) | 11,470 | (61,117) | 5,358 | |||||||||
| Net income / (loss) | (85,316) | 30,691 | (301,627) | (264,740) | |||||||||
| Other comprehensive income (loss), net of tax | |||||||||||||
| Change in fair value of cash flow hedges | 3,492 | 0 | 8,043 | 0 | |||||||||
| Other comprehensive income (loss) | 3,492 | 0 | 8,043 | 0 | |||||||||
| Comprehensive income (loss) | (81,824) | 30,691 | (293,584) | (264,740) | |||||||||
| Class B Unit holders of GDH LP | 0 | (19,255) | 0 | (204,745) | |||||||||
| Noncontrolling interests | (65,636) | 35,446 | (187,482) | 35,446 | |||||||||
| Class A common stockholders of the Company | [1] | $ (16,188) | $ 14,500 | $ (106,102) | $ (95,441) | ||||||||
| Weighted average shares outstanding used to compute net income / (loss) per share | |||||||||||||
| Basic (in share) | [2] | 192,869,271 | 143,103,474 | 192,474,019 | 135,525,464 | ||||||||
| Diluted (in shares) | 192,869,271 | [2] | 371,717,071 | [2] | 390,465,556 | 349,390,820 | [2] | ||||||
| Class A Common Stock | |||||||||||||
| Net income / (loss) per share of Class A common stock | |||||||||||||
| Net income (loss) used in calculation of net income / (loss) per share of Class A common stock | $ (17,913) | [3] | $ 14,500 | [3] | $ (110,066) | $ (95,441) | [3] | ||||||
| Basic (in dollars per share) | [3] | $ (0.09) | $ 0.10 | $ (0.57) | $ (0.70) | ||||||||
| Diluted (in dollars per share) | [3] | $ (0.09) | $ 0.08 | $ (0.58) | $ (0.76) | ||||||||
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