earnings
confidence high
sentiment negative
materiality 0.75
Galaxy Digital reports Q1 net loss of $216M; digital asset depreciation drives results
Galaxy Digital Inc.
- Net loss of $216M, diluted and adjusted EPS of -$0.49; prior Q4 loss was $482M.
- Adjusted gross loss of $88M and adjusted EBITDA of -$188M for Q1 2026.
- Total equity $2.8B, cash and stablecoins $2.6B; net digital assets & investments down 19% Q/Q to $1.362B.
- Galaxy delivered first data hall to CoreWeave at Helios; ERCOT approved additional 830MW, total capacity >1.6GW.
- Repurchased 3.2M shares for $65M during Q1; completed voluntary TSX delisting, sole listing on Nasdaq.