Galaxy Digital stock price rises more than 5%, with a net loss of $216 million in Q1 2026

Galaxy Digital (ticker: GLXY) reported its first-quarter 2026 results on April 28, recording a net loss of $216 million, with diluted and adjusted loss per share of $0.49. According to Google Finance data, GLXY shares rose 5.23% on the same day, closing at $26.36, and further increased by 1% in after-hours trading.

Q1 2026 Performance by Business Segment

According to Galaxy Digital’s Q1 2026 earnings release, the adjusted gross profit (loss) and adjusted EBITDA for each segment are as follows:

Financials and Corporate Business Segment: adjusted gross loss of $140 million; adjusted EBITDA loss of $167 million

Digital Assets Segment: adjusted gross profit of $49 million; adjusted EBITDA loss of $19 million

Global Markets Segment: adjusted gross profit of $31 million, up 3% quarter-over-quarter

Asset Management and Infrastructure Solutions Segment: adjusted gross profit of $18 million in Q1 2026

Overall, the company’s adjusted EBITDA loss narrowed from $518 million in the prior quarter to $188 million.

In the announcement, the company said: “Despite a pullback in digital asset prices and trading activity, adjusted gross profit remained broadly stable, reflecting a shift in our business mix. Ongoing recurring fee income and trading income continued to grow, providing greater resilience in a weaker market environment.”

Assets Under Management and Capital Flows

According to Galaxy Digital’s Q1 2026 announcement, as of quarter-end, the company’s assets under management (AUM) were approximately $5.0 billion, and pledged assets were approximately $3.2 billion; both declined versus the prior quarter due to asset depreciation. During Q1 2026, the Asset Management and Infrastructure segment recorded net inflows of $69 million.

CoreWeave Data Center Initial Delivery

According to Galaxy Digital’s Q1 2026 announcement, Galaxy delivered the first data hall located at the Helios Data Campus to CoreWeave, and the project has entered the operational stage.

Frequently Asked Questions

What are the main reasons for Galaxy Digital’s net loss in Q1 2026?

According to Galaxy Digital’s Q1 2026 earnings release, the company attributes its net loss of $216 million primarily to an approximately 20% contraction in the total market capitalization of cryptocurrencies during the first quarter. The adjusted gross loss in the Financials and Corporate business segment reached $140 million.

How did GLXY stock perform on April 28?

According to Google Finance data, GLXY rose 5.23% on April 28, closing at $26.36; the stock further increased by 1% in after-hours trading.

What facility did Galaxy Digital deliver to CoreWeave?

According to Galaxy Digital’s Q1 2026 announcement, Galaxy delivered the first data hall located at the Helios Data Campus to CoreWeave, and the project has entered the operational stage.