Galaxy Digital Holdings Ltd
TSX:GLXY

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Galaxy Digital Holdings Ltd Logo
Galaxy Digital Holdings Ltd
TSX:GLXY
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Price: 33.24 CAD 7.23% Market Closed
Market Cap: 12.9B CAD

Galaxy Digital Holdings Ltd
Investor Relations

Once led by the enigmatic Michael Novogratz, Galaxy Digital Holdings Ltd. emerged from the nascent world of cryptocurrency, strategically positioning itself at the crossroads of traditional finance and digital assets. Founded in 2018, the firm sought to capitalize on the rising tide of decentralized technologies and the shifting sentiments within institutional finance. With its headquarters rooted in the bustling metropolis of New York City, Galaxy Digital has diligently cultivated a business model that spans diverse revenue streams, all underpinned by its commitment to a comprehensive digital asset ecosystem.

The company's architecture pivots on key pillars: trading, asset management, principal investments, and advisory services. The trading division acts as a liquidity provider and market maker, deftly navigating the volatile ebbs and flows of cryptocurrency markets. Through its asset management arm, Galaxy Digital cultivates a roster of investment vehicles aimed at traditional and crypto-savvy investors alike, drawing in performance fees and management revenue. Its principal investments segment fuels innovation by investing in emerging blockchain technologies, while the advisory services leverage industry expertise to guide corporate and institutional clients through the intricacies of blockchain applications and digital transition strategies. Each component cooperates to support Novogratz's vision of bridging Wall Street and the burgeoning blockchain frontier.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 21, 2025
AI Summary
Q3 2025

Record Quarter: Galaxy reported its best quarter ever, driven by a $505 million net income and record gross profit, reflecting success across digital assets, asset management, and trading.

Trading Volume: Crypto trading volumes hit an all-time high, up 140% from Q2, including a $9 billion Bitcoin spot trade for a single client.

Asset Growth: Total assets on platform reached $17 billion, with asset management and staking seeing strong organic growth and $4 billion in new high-fee assets.

Data Center Progress: Construction at the Helios AI data center campus is advancing on schedule and budget, with the first phase on track for revenue in the first half of 2026.

Major Investment: Galaxy secured a $460 million PIPE investment from a leading global asset manager, providing $325 million in net proceeds to help fund data center expansion.

Lending Expansion: Lending book grew to $1.8 billion, and management sees continued opportunity as part of the growth strategy.

New Consumer Product: GalaxyOne, a direct-to-consumer platform targeting affluent US investors, launched with initial traction and a broader rollout planned for 2026.

AI & Tokenization: Integrated AI tools are boosting productivity company-wide, and the tokenization of Class A shares on Solana marks a step forward in modernizing capital markets.

Key Financials
Net Income
$505 million
Adjusted Gross Profit
$728 million
Adjusted Gross Profit (Digital Assets)
$318 million
Adjusted Gross Profit (Treasury and Corporate)
$408 million
Adjusted EBITDA
$629 million
Operating Expenses
$184 million
Cash and Stablecoins
$1.9 billion
Net Digital Assets and Investments
$2.1 billion
Equity Capital
$3.2 billion
Assets on Platform
$17 billion
Assets Under Management and Stake
$15 billion+
Assets Under Management
$9 billion
Assets Under Stake
$7 billion
Adjusted Gross Profit (Global Markets)
$295 million
Adjusted Gross Profit (Asset Management and Infrastructure Solutions)
$23 million
Lending Book
$1.8 billion
PIPE Investment
$460 million
PIPE Net Proceeds
$325 million
Project Loan (Helios Phase 1)
$1.4 billion
Annual Recurring Fee Revenue (Digital Asset Treasury Mandates)
$40 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael D. Daffey
Chairman of the Board & Senior Advisor
No Bio Available
Mr. Michael Edward Novogratz
Founder, CEO & Director
No Bio Available
Mr. Christopher C. Ferraro
President & Chief Investment Officer
No Bio Available
Mr. Alexander M. Ioffe
Chief Financial Officer
No Bio Available
Ms. Erin Brown
Chief Operating Officer
No Bio Available
Mr. Jason Peter Urban
Global Head of Trading
No Bio Available
Mr. Damien Richard-Paul Vanderwilt
Senior Advisor & Director
No Bio Available
Mr. Richard Joseph Tavoso
Manager & Director
No Bio Available
Mr. Michael Ashe
Head of Investment Banking
No Bio Available
Jonathan Goldowsky
Head of Investor Relations
No Bio Available

Contacts

Address
NEW YORK
New York City
107 Grand Street, 8Th Floor
Contacts