TLDR
- Galaxy Digital reported net income of $505 million and adjusted EBITDA of $629 million in Q3 2025, driven by record performance in its digital assets business.
- Revenue jumped 231.4% year-over-year to $28.4 billion, beating estimates by $11.82 billion.
- Non-GAAP EPS hit $1.12, exceeding expectations by $0.91.
- The company launched GalaxyOne, a new financial technology platform, and secured a $460 million equity investment for its Helios data center campus expansion.
- Total equity reached $3.2 billion as of September 30, 2025, with $1.9 billion held in cash and stablecoins.
Galaxy Digital delivered strong financial results for the third quarter of 2025. The company reported net income of $505 million.
Adjusted EBITDA reached $629 million for the quarter. These numbers reflect the company’s best performance yet in its digital assets business.
Revenue hit $28.4 billion in Q3 2025. That’s a 231.4% increase compared to the same period last year. The revenue number crushed analyst estimates by $11.82 billion.
The earnings per share story was equally impressive. Galaxy Digital posted a Non-GAAP EPS of $1.12. Analysts had expected much lower, so the company beat their forecast by $0.91.
Balance Sheet Strength
The company’s financial position showed solid footing at the end of September. Total equity stood at $3.2 billion.
Galaxy Digital held $1.9 billion in cash and stablecoins. This liquidity position gives the company flexibility for future moves.
The debt-to-equity ratio came in at 2.6. Both current and quick ratios registered at 1.34. These numbers show the company can cover its short-term obligations.
The cash ratio measured 0.33. This indicates the company relies partly on non-cash assets for immediate needs.
Operating margin registered negative at 9.51%. Net margin also stayed negative at 29.57%. These figures point to ongoing work needed on the profitability side.
New Platform and Investment
Galaxy Digital announced the launch of GalaxyOne during the quarter. The new platform represents a fresh financial technology offering for the company’s clients.
The company secured a $460 million equity investment. This funding will support expansion of the Helios data center campus.
The data center business connects to growing demand for AI and high-performance computing infrastructure. Galaxy Digital operates facilities that provide scalable energy and computing power.
The company runs three main business segments. Digital Assets and Data Centers form two operating divisions. A Treasury & Corporate segment rounds out the structure.
Institutional ownership sits at 54.13% of shares. Insider ownership comes in lower at 3.95%.
The stock’s beta measures 2.93. This means the shares move almost three times as much as the broader market. Volatility stands at 94.12, which is pretty high.
Recent insider activity showed seven selling transactions in the past three months. No insiders bought shares during that period.
The P/B ratio reached 4.48. Forward P/E ratio came in at 244.75. The RSI reading of 59.48 suggests the stock is getting close to overbought territory.
The 20-day simple moving average sits at $37.50. The 50-day SMA registers at $31.23. The 200-day SMA comes in at $21.79.
Market cap for Galaxy Digital stands at $6.84 billion. Average daily trading volume reaches 1,475,789 shares. The stock gained 9.69% following the earnings announcement.
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