3D·

Galaxy Digital Q2'25 Earnings Highlights

$GLXY (-0,83 %)


🔹 Net Income: $30.7M

🔹 EPS: $0.08 (Est. $0.10) 😐

🔹 Adj EBITDA: $211M; UP from ($290M) in Q1

🔹 Adj Gross Profit: $299M; UP from ($204M) in Q1

🔹 Total Assets: $9.1B; UP +43% QoQ

🔹 Total Equity: $2.6B; UP +38% QoQ

🔹 Cash & Stablecoins: $1.18B

🔹 Balance Sheet Net Digital Assets: $1.27B; UP +40% QoQ

🔹 Balance Sheet Venture/Fund/Other Investments: $718M; UP +15% QoQ


Digital Assets (Global Markets)

🔹 Adjusted Gross Profit: $55.4M; UP +28% QoQ

🔹 Digital Asset Trading Volumes: DOWN -22% QoQ

🔹 Average Loan Book Size: $1.1B; UP +27% QoQ

🔹 Total Trading Counterparties: 1,445; UP +5% QoQ

🔹 Investment Banking: Revenue recognized from Bitstamp–Robinhood deal


Asset Management & Infrastructure Solutions

🔹 Adjusted Gross Profit: $16.0M; DOWN -26% QoQ

🔹 Assets on Platform: $8.9B; UP +27% QoQ

🔹 ETFs: $3.3B; UP +28% QoQ

🔹 Alternatives: $2.4B; UP +18% QoQ

🔹 Assets Under Stake: $3.2B; UP +34% QoQ


Treasury & Corporate

🔹 Adjusted Gross Profit: $228M; turnaround from ($268M)

🔹 Adjusted EBITDA: $198M; turnaround from ($301M)


Data Centers & Helios Campus Expansion

🔹 CoreWeave committed to full 800MW at Helios

🔹 Additional 160 acres + 1GW interconnection acquired; expanding campus to 1,500 acres and 3.5GW potential

🔹 Phase I (133MW): Delivery expected 1H26

🔹 Phase I–III Committed Load: 526MW

🔹 Projected Annual Revenue: $1B+


Other Metrics & KPIs

🔹 Digital Assets Adjusted Gross Profit: $71.4M; UP +10% QoQ

🔹 Digital Assets Adjusted EBITDA: $13M

🔹 GAAP Revenues: $9.06B; DOWN -30% QoQ

🔹 Transaction Expenses: $8.63B; DOWN -33% QoQ


CEO Commentary

🔸 “July marked the strongest monthly financial performance in our Digital Assets business history.”

🔸 “We executed one of the largest notional bitcoin transactions in the industry.”

🔸 “We’ve expanded Helios to 3.5GW capacity and secured over 1,500 acres under control.”

🔸 “Data Center revenue expected to begin in 1H26 upon Phase I delivery to CoreWeave.”

1
Únase a la conversación