Galaxy Digital (GLXY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Galaxy Digital

NasdaqGS•Financial Services•Capital Markets

$24.13-1.02(-0.04%)After hours

Market Cap

$4.76B

P/S

0.1x

P/B

2.6x

Galaxy Digital Inc. engages in the digital asset and data centre infrastructure businesses in North America and internationally. It operates through Digital Assets, Data Centers, and Treasury and Corporate segments. The Digital Assets segment provides over-the-counter spot and derivatives trading, lending, and structured products, as well as mergers and acquisitions advisory, and equity and debt capital markets services. This segment also manages investments in the digital assets' ecosystem; and offers blockchain-centric technology and infrastructure solutions, including staking, tokenization, and custodial technology. The Data Centers segment comprises the Helios infrastructure assets. The Treasury and Corporate segment engages in managing a portfolio of digital assets, ventures, private equity, and fund investments, as well as in bitcoin mining operations. It also offers GalaxyOne, a retail financial technology platform designed for individual investors seeking access to traditional and digital markets. The company has a strategic collaboration with BNY to advance digital asset infrastructure. The company was founded in 2018 and is headquartered in New York, New York.

How this company scores

WeakMetricSide Score: 25.5/100

Grade capped at D — Interest coverage below 1× (-3.8x) — earnings cannot cover interest. Strongest: Growth (11.5/25); weakest: Cash & Earnings Quality (4/25).

Profitability5/25

Growth11.5/25

Balance Sheet & Red Flags5/25

Cash & Earnings Quality4/25

Strengths

Consistent growthImproving margins

Grade capped at D

Interest coverage below 1× (-3.8x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 0.1x5y range 0.1x – 0.1x

P/B · 2.6x5y range 1.8x – 3.4x

Currently above its 5-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 6 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $4.76B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $57.37B
Q. Revenue: $8.56B
TTM EBITDA: $-348.58M
TTM Op. Income: $-376.60M
Q. Op. Income: $-128.92M
TTM Net Income: $-278.24M
Q. Net Income: $-85.32M
EPS: $-0.09
Shares Out.: $192.87M

$57.37B in TTM revenue grew from zero YoY, reaching $8.56B last quarter. TTM EBITDA of $-348.58M and TTM operating income of $-376.60M show growth is flowing through to the bottom line. However, net income is negative at $278.24M — growth is not yet reaching the bottom line. Across the last 6 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -1.4%
Op. Margin: -1.5%
Net Margin: -1.0%

Op. margin of -1.5% is down 3.4% YoY — costs are rising relative to revenue. Net margin at -1.0% Across the last 6 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.1x
P/B Ratio: 2.6x

P/S of 0.1x and P/B of 2.6x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.84B
Cash: $895.74M
Long-Term Debt: $2.83B
Book Value: $1.82B
D/E Ratio: 1.5
Debt/EBITDA: N/A

With $10.84B in assets and $2.83B in long-term debt, D/E is 1.5and book value is $1.82B — moderate leverage. Across the last 6 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $371.99M
TTM Free Cash Flow: $-1.89B
FCF Margin: -3.3%
FCF / Net Income: 6.8

TTM FCF of $-1.89B on $371.99M in operating cash flow. The FCF / Net Income ratio of 6.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 0% — an improving trend.