Galaxy Digital Inc. (GLXY) Releases Q4 2025 Earnings: Massive Losses, Cash Up but Liabilities Rise

Galaxy Digital Inc. ($GLXY) reported fourth-quarter 2025 results with total revenue of $10.2 billion. Key income statement highlights include:

Total revenues: $10.2 billion (down 158.6% year-over-year)

Gross profit: $10.2 billion (down 12,481.2% year-over-year)

Cost of sales: $10.3 billion (down 159.3% year-over-year)

Operating loss: -$540.1 million (down 289.9% year-over-year)

Net loss attributable to common shareholders: -$481.7 million (down 4,031.6% year-over-year)

Earnings and cash-flow details:

Diluted loss per share: -$1.08 per share (down 376.9% year-over-year)

Cash from operating activities: -$1.07 billion (up 461.3% year-over-year)

Purchases of property, plant and equipment: -$558.0 million (down 1,785.0% year-over-year)

Balance sheet snapshot:

Cash and cash equivalents: $1.25 billion (up 169.7% year-over-year)

Total liabilities: $8.31 billion (up 68.8% year-over-year)

Overall, Galaxy Digital Inc. ($GLXY) posted substantial year-over-year declines across profitability metrics and a diluted loss per share, while reporting an increased cash balance and higher reported liabilities at quarter end.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Galaxy Digital Inc. Insider Trading Activity

Galaxy Digital Inc. insiders have traded $GLXY stock on the open market 17 times in the past 6 months. Of those trades, 11 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $GLXY stock by insiders over the last 6 months:

MICHAEL NOVOGRATZ (Chief Executive Officer) has made 0 purchases and 2 sales selling 3,000,000 shares for an estimated $108,000,000.
GROUP INVESTMENTS LLC GALAXY sold 2,477,055 shares for an estimated $89,173,980
CHRISTOPHER C FERRARO (President and CIO) sold 750,000 shares for an estimated $27,000,000
MEDINA RHONDA ADAMS has made 0 purchases and 2 sales selling 100,833 shares for an estimated $2,648,073.
DOUGLAS R DEASON has made 11 purchases buying 59,000 shares for an estimated $1,547,868 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Galaxy Digital Inc. Hedge Fund Activity

We have seen 187 institutional investors add shares of Galaxy Digital Inc. stock to their portfolio, and 128 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL RESEARCH GLOBAL INVESTORS added 18,161,998 shares (+inf%) to their portfolio in Q4 2025, for an estimated $406,102,275
VANGUARD GROUP INC added 4,463,782 shares (+27.5%) to their portfolio in Q4 2025, for an estimated $99,810,165
PRICE T ROWE ASSOCIATES INC /MD/ removed 4,441,006 shares (-56.1%) from their portfolio in Q4 2025, for an estimated $99,300,894
FMR LLC removed 4,083,937 shares (-17.0%) from their portfolio in Q4 2025, for an estimated $91,316,831
SITUATIONAL AWARENESS LP removed 2,737,500 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $61,210,500
BLACKROCK, INC. added 1,961,503 shares (+50.7%) to their portfolio in Q4 2025, for an estimated $43,859,207
QUBE RESEARCH & TECHNOLOGIES LTD added 1,648,723 shares (+inf%) to their portfolio in Q4 2025, for an estimated $36,865,446

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Galaxy Digital Inc. Analyst Ratings

Wall Street analysts have issued reports on $GLXY in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

HC Wainwright & Co. issued a "Buy" rating on 02/04/2026
Cantor Fitzgerald issued a "Overweight" rating on 02/02/2026
Rosenblatt issued a "Buy" rating on 01/30/2026
Citizens issued a "Market Outperform" rating on 12/09/2025
Morgan Stanley issued a "Overweight" rating on 11/06/2025
Canaccord Genuity issued a "Buy" rating on 10/22/2025
Benchmark issued a "Buy" rating on 10/22/2025

To track analyst ratings and price targets for Galaxy Digital Inc., check out Quiver Quantitative's $GLXY forecast page.

Galaxy Digital Inc. Price Targets

Multiple analysts have issued price targets for $GLXY recently. We have seen 11 analysts offer price targets for $GLXY in the last 6 months, with a median target of $46.0.

Here are some recent targets:

Peter Christiansen from Citigroup set a target price of $25.0 on 02/25/2026
Devin Ryan from Citizens set a target price of $60.0 on 02/04/2026
Joseph Vafi from Canaccord Genuity set a target price of $50.0 on 02/04/2026
James Faucette from Morgan Stanley set a target price of $36.0 on 02/04/2026
James Yaro from Goldman Sachs set a target price of $24.0 on 02/04/2026
Mike Colonnese from HC Wainwright & Co. set a target price of $40.0 on 02/04/2026
Gregory Lewis from BTIG set a target price of $50.0 on 02/03/2026