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Galaxy Digital Inc. — Third Quarter 2026 Earnings Summary

  • Q3 2026 net income turned positive at $323 million (vs. $85 million loss in Q2), with adjusted EBITDA improving to $455 million from a $77 million loss, driven by a 51% quarter-over-quarter increase in total assets to $16.4 billion.
  • Data Centers segment reported its first full quarter of revenue-generating operations with $79 million adjusted gross profit, while the company completed a $3.5 billion senior secured notes offering to fund Helios I, Phase II construction.
  • Capital allocation included the completion of a $200 million share repurchase program and approval of an additional $200 million authorization, alongside 9.8 million shares repurchased year-to-date.
  • Future outlook highlights Helios I, Phase II deliveries scheduled for Q2 2027, active leasing discussions for 830 MW at Helios II, and a total gross power pipeline expansion to over 5.7 GW.
  • Digital Assets franchise showed strength with Global Markets trading volumes up 12% and combined assets under management/stake reaching $10.4 billion, supported by a new multi-year agreement with BNY for staking infrastructure.
Company
GALAXY DIGITAL INC
Sector
Financial Services
Industry
Capital Markets