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Crypto-focused financial services firm offering trading, asset management and mining/data-center infrastructure.
Crypto-focused financial services firm offering trading, asset management and mining/data-center infrastructure.
Earns from the spread and trading gains on digital assets and from fees on lending and funds, so revenue moves with crypto prices and trading volumes. A big build-out at its Helios site in Texas turns bitcoin-mining infrastructure into leased capacity for AI computing, with CoreWeave as the first tenant. It moved from a Toronto listing to Nasdaq in 2025.
In one line: A crypto-focused Goldman Sachs/BlackRock hybrid.
Moat: narrow (brand, scale, process know-how). Founder's early crypto brand and full-service institutional platform give scale versus smaller crypto shops.
Headquarters: New York, New York, US · Founded: 2018 · Employees: 700
Size Galaxy Digital (GLXY) is a United States Financials company (Investment Banks/Brokers) with a market value of $5.31B, the 1144th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.66 on 6 Nov 2026.
Performance Over six months the shares fell 54.8%, against -10.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 430.0% over the last twelve months (peer median +3.1%); the operating margin is 1.4% (peer median 34.6%).
Valuation It trades at 1.37× book value against a peer median of 1.04× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 26.1%; Galaxy Digital delivers -8.4%, so the price asks more than the business earns today.
Short interest Short interest is 18.1% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.90B | $1.57B | $1.66B | $0 | $0 |
| Revenue growth | — | -5% | — | — | — |
| Gross profit | $494M | $1.15B | $1.30B | $0 | $0 |
| EBITDA | $168M | $609M | $768M | -$2.16M | -$2.48M |
| Net income | -$154M | -$84.9M | $116M | $455M | -$523M |
| Free cash flow | n/a | -$1.45B | -$264M | -$16.5M | -$76.8M |
| Capital expenditure | n/a | $1.19B | $59.0M | $0 | $0 |
| Total debt | $9.30B | $5.34B | $2.96B | $0 | $0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Galaxy Digital GLXY | $5.31B | -55% | +430% | -8% | 1.37× | 26.1% |
| Coinbase COIN | $35.7B | -33% | -48% | -5% | 2.56× | 46.1% |
| Core Scientific CORZ | $3.78B | -49% | +26% | n/a | n/a | n/a |
| Bullish BLSH | $3.20B | -51% | +34% | -56% | 1.33× | 12.4% |
| Robinhood Markets HOOD | $72.9B | +5% | +22% | 21% | 7.29× | 110.1% |
| RIOT RIOT | $6.27B | -31% | +6% | -51% | 2.94× | 52.5% |
| Iren IREN | $8.76B | -65% | +42% | -23% | 1.97× | 36.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GLXY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.0% | -3.1% | lowest of 21 |
| 6-month return | -54.8% | -10.2% | lowest of 21 |
| Return on equity | -8.4% | 11.5% | lowest of 21 |
| Price / book | 1.37× | 1.04× | 7th most expensive of 21 |
| ROE the price implies | 26.1% | 10.4% | 6th most demanding of 21 |
| ROE delivered | -8.4% | 11.5% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Galaxy Digital GLXY | United States | $5.31B | -55% | +430% | -8% | 1.37× | 26.1% | -8.4% |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 12% | 1.04× | 11.5% | 12.1% |
| Huaan Securities 600909.SS | China | $5.17B | +23% | -18% | 20% | 1.13× | 11.0% | 19.7% |
| KIH 071050.KS | South Korea | $5.15B | -49% | +100% | 25% | 0.55× | 6.0% | 25.2% |
| Soochow Securities 601555.SS | China | $5.64B | -5% | +3% | 8% | 0.85× | 7.9% | 7.7% |
| Tianfeng Securities 601162.SS | China | $4.91B | -9% | -20% | 0% | 1.20× | 14.8% | 0.1% |
| BGC BGC | United States | $4.89B | -8% | +28% | 20% | 4.48× | 34.0% | 19.5% |
| Changjiang Securities 000783.SZ | China | $5.77B | -13% | +13% | 11% | 1.04× | 12.3% | 10.9% |
| SamsungSecu 016360.KS | South Korea | $4.87B | -31% | +19% | 18% | 0.76× | 6.3% | 18.1% |
| MarketAxess MKTX | United States | $5.83B | +12% | +3% | 22% | 5.17× | 33.9% | 22.0% |
| Avanza Bank AZA.ST | Sweden | $5.95B | +13% | +13% | 42% | 7.83× | 49.4% | 41.8% |
| SDIC Capital 600061.SS | China | $5.96B | -7% | -28% | 6% | 0.71× | 6.3% | 6.3% |
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 4% | 1.26× | 9.7% | 3.8% |
| Zheshang Securities 601878.SS | China | $6.03B | -10% | -4% | 8% | 1.05× | 8.5% | 7.5% |
| Piper Sandler Companies PIPR | United States | $4.65B | -19% | +20% | 23% | 3.20× | 31.3% | 22.7% |
| Moelis & MC | United States | $4.62B | -13% | +14% | 45% | 8.34× | 96.1% | 44.7% |
| Sinolink Securities 600109.SS | China | $4.60B | -7% | +10% | 7% | 0.83× | 8.1% | 7.2% |
| China Great Wall Securities 002939.SZ | China | $4.53B | -16% | -5% | 7% | 0.91× | 9.9% | 7.1% |
| Guoyuan Securities 000728.SZ | China | $4.53B | -6% | -23% | 6% | 0.77× | 7.2% | 6.5% |
| Zhongtai Securities 600918.SS | China | $6.31B | -12% | -4% | 5% | 0.93× | 7.2% | 5.3% |
| Swissquote SQN.SW | Switzerland | $6.33B | -13% | +4% | 28% | 3.64× | 20.5% | 28.0% |