Galaxy Digital turns $295M loss into $30.7M profit on EBITDA surge and asset gains

Galaxy Digital reported a net income of $30.7 million in the second quarter of 2025, marking a significant turnaround from a net loss of $295 million in the previous quarter. The company's financial recovery was fueled by a $211 million Adjusted EBITDA, driven by appreciation in digital assets and robust business performance. Galaxy’s total equity increased to $2.6 billion, with $1.2 billion in cash and stablecoin reserves, reinforcing the firm's liquidity and financial stability [1].

The company’s Digital Assets segment demonstrated resilience, with adjusted gross profit rising 10% quarter-over-quarter to $71.4 million. Simultaneously, the Global Markets segment reported a 28% increase in adjusted gross profit to $55.4 million, a notable performance amid a backdrop of declining industry trading volumes. The firm’s loan book also expanded, averaging $1.1 billion and reflecting a 27% increase, which highlights strong client demand for margin lending [1].

Assets under management (AUM) grew by 27% to $9 billion, driven by digital asset price appreciation and net inflows. However, the Asset Management & Infrastructure Solutions segment saw a 26% decline in adjusted gross profit to $16 million, attributed to reduced on-chain activity and its impact on validator rewards [1].

In the Data Centers segment, Galaxy, in partnership with CoreWeave, achieved a major milestone as CoreWeave exercised an additional 133MW capacity option at the Helios campus. This brings the total committed power to 800MW. Galaxy also acquired 160 acres of land to expand the campus, potentially raising power capacity to 3.5GW. The company anticipates generating data center revenue in the first half of 2026, with projected annual revenue exceeding $1 billion upon full operation [1].

Following the quarter, Galaxy completed a significant transaction involving over 80,000 bitcoin for a client, showcasing its growing role in large-scale digital asset transfers [1].

Galaxy’s strategic diversification across digital asset trading, asset management, and high-performance computing infrastructure positions the firm to benefit from both evolving cryptocurrency markets and the expanding AI/computing sector. The company’s Nasdaq listing, completed in Q2 2025, further underscores its growing institutional credibility [1].

Source: [1] Galaxy Announces Second Quarter 2025 Financial Results. (https://www.stocktitan.net/news/GLXY/galaxy-announces-second-quarter-2025-financial-l6bonafw7mqn.html)