Galaxy Digital · U.S. Treasury · The Block
Galaxy Digital Galaxy Digital Holdings GLXY +6.38% reported $323 million in net income for the third quarter of 2026
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The Mike Novogratz-led firm posted $569 million in adjusted gross profit and $455 million in adjusted EBITDA for the three months ended Sept. 30, according to its earnings release on Tuesday.
Key facts
- Galaxy Digital Galaxy Digital Holdings GLXY +6.38% reported $323 million in net income for the third quarter of 2026, swinging back into profit after an $85 million loss in the previous quarter
- The Mike Novogratz-led firm posted $569 million in adjusted gross profit and $455 million in adjusted EBITDA for the three months ended Sept. 30, according to its earnings release on Tuesday
- Adjusted gross profit from digital assets rose to $71 million from $66 million, although the division still lost $9 million on an adjusted EBITDA basis
- During Tuesday's earnings call, Novogratz said Galaxy expects to exit 2027 with an annualized leasing revenue run rate of $800 million to $850 million as Helios the reporter Phase II comes online
Summary
Galaxy Digital Galaxy Digital Holdings GLXY +6.38% reported $323 million in net income for the third quarter of 2026, swinging back into profit after an $85 million loss in the previous quarter, as its crypto trading, lending, and AI data center businesses grew. Galaxy reported a 12% increase in digital asset trading volumes from the previous quarter, despite lower volumes across the broader spot market. Adjusted gross profit from digital assets rose to $71 million from $66 million, although the division still lost $9 million on an adjusted EBITDA basis. Galaxy's Treasury & Corporate business made a much larger contribution, recording $419 million in adjusted gross profit compared with a $42 million loss in the second quarter.