GLXY
Galaxy Digital Inc.
Last earnings +5.2% on 2026-04-28
$24.59
▼ -13.81%$24.59▲ +23.13%
over 1Y
L $16.84H $42.86
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-13.8%
1W-13.0%
1M-15.4%
3M+39.4%
YTD-0.6%
1Y+23.1%
Hold
Conviction
Horizon
Long (>12mo)
Street · 19 analysts
Buy
Crypto-leveraged trading shop turned AI data-center developer — a $241M loss and 4.25x leverage offset by the CoreWeave Helios lease optionality.
Net income (loss) -$241M · FY2025
Galaxy Digital is two businesses bolted together: a volatile digital-assets financial-services franchise (trading, lending, asset management, ~$12.3B platform assets) and an emerging AI/HPC data-center developer. FY2025 swung to a net loss of $241M from a $347M profit in FY2024, with adjusted EBITDA collapsing to $33.7M from $715.4M — a vivid illustration of how crypto-market dependent the earnings are. The $60.2B 'revenue' line reflects gross trading/notional flow, not economic margin (net margin is -0.4%), so it should not be read as scale. Return on equity was -12.3%.
The call hinges on the Data Centers segment. Galaxy is retrofitting its Helios campus in West Texas, with the first 133 MW of critical IT load leased to CoreWeave under a 15-year agreement and full delivery expected by the end of 1H 2026; Phases II/III add 393 MW of leased load starting 2027, and ERCOT has approved over 1.6 GW of gross capacity, of which 830 MW remains uncontracted. This is genuine, contracted long-duration cash flow if the buildout completes on schedule — the most attractive part of the story. But it is also capital-intensive: capex jumped to $1.19B (+1920.4%), operating cash flow was -$317M, and the balance sheet now carries $8.31B liabilities against $1.96B equity (4.25x leverage).
Is GLXY a buy? The one-page verdict, explained →
The options angle
model · matches our verdictCovered call~90d expiry
- Long 100 shares @ ~24.59
- Short call 26 @ ~4.61 est
debit $1,998max +$602max −$1,997BE 19.98
HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $51.6B | $42.5B | $60.2B |
| Gross profit | — | — | — |
| Operating income | — | — | — |
| Net income | $229M | $347M | -$241M |
| Diluted EPS | — | — | — |
| Net margin | 0.4% | 0.8% | -0.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.34B
EV / EBITDA—
EV / Sales0.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-2.5%
FCF yield-15.7%
Quality & risk
ROIC (est.)—
Free cash flow-$1.51B
Total debt—
Net cash$1.25B
Piotroski F-Score1/7
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+31.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗SCHEDULE 13GFiling2026-06-24open ↗144Filing2026-06-22open ↗4Period ending 2026-06-152026-06-16open ↗4Period ending 2026-06-092026-06-10open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗8-KPeriod ending 2026-05-282026-05-28open ↗4Period ending 2026-05-222026-05-22open ↗144Filing2026-05-22open ↗4Period ending 2026-05-212026-05-21open ↗
Frequently asked
- Is Galaxy Digital Inc. (GLXY) a buy?
- GLXY currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Crypto-leveraged trading shop turned AI data-center developer — a $241M loss and 4.25x leverage offset by the CoreWeave Helios lease optionality.
- What is Galaxy Digital Inc.'s quality score?
- GLXY scores 48.130898318126235/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001859392, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 6/21/2026, 8:46:19 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:46 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.