Galaxy Digital (GLXY) Stock

Galaxy Digital (GLXY) is a Financials stock trading at $23.45 (as of 2026-08-20), with a market capitalization of $9.16B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Galaxy Digital Inc. operates through Global Markets, Asset Management, and Digital Infrastructure Solutions, providing digital-asset trading, derivatives and structured products, financing and capital markets services, and related advisory services. It also offers investment access via its asset management and technology platforms, including trading and mining/validator and custody-related offerings, for both individual and institutional clients.

Understand Galaxy Digital: how it makes money

Galaxy Digital operates a digital asset and blockchain financial services business, making money through Global Markets activities like digital asset trading, derivatives, structured products, financing, and capital markets services, plus Asset Management and Digital Infrastructure Solutions offerings.

Galaxy Digital's results are structurally tied to how active digital asset markets are, because the Global Markets business provides trading, derivatives, structured products, and financing activities that rise and fall with trading activity and asset prices.

Business quality (Weak): Clear multi-segment business model (Global Markets, Asset Management, Digital Infrastructure Solutions), but near-term performance appears sensitive to digital asset market activity, and the latest period shows a negative operating margin.

Bull case

  • Asset management platform can add recurring drivers: Net inflows (assets under management) were positive (0.07 USD_B), and Assets under management was 9.0 USD_B.
  • Broader offering set beyond trading: In addition to digital asset trading and derivatives, the company provides financing, structured products, and capital markets and merger and acquisition services, plus GalaxyOne as a unified technology platform for institutional investors.

Bear case

  • Trading activity can weaken quickly: Digital asset trading volumes declined versus the prior quarter (40.0 percent).
  • Latest profitability is negative at the operating level: Operating margin was -2.3 percent for the latest reported period (2026-03-31).
  • Other revenue lines may be immaterial in the period shown: Data centers revenue was 0.0 USD_B and Treasury and corporate revenue was 0.0 USD_B in the provided candidates.
Valuation — source: SEC EDGAR (first-party)
Price$23.45
Market Cap$9.16B
Price / Book3.30
Price / Sales0.13
FCF Yield-25.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$60.41B
Net Margin-0.4%
Revenue Growth (YoY)41.8%
FCF Growth (YoY)471.4%
Financial Health — source: SEC EDGAR
Altman Z-Score6.25 (safe)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($462.31M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOMichael Edward Novogratz
Employees528
CountryUS
IPO Date2025-05-16

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GLXY earnings history · GLXY institutional & insider holders · GLXY KPIs & operating metrics · GLXY financials · GLXY investor presentations & press releases · GLXY SEC filings · GLXY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.