Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Galaxy Digital Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
51,627
42,597
60,407
General and administrative
58.4
279
183
Operating expenses
51,955
43,399
61,594
Interest expense
27.3
30.8
59.2
Interest income
48.1
85.5
148
Other non-operating income
-9.74
-29
-32.8
Pre-tax income
244
330
-271
Income tax
15.9
-16.9
-29.3
Net income to minority interests
0
0
-137
Net income
229
347
-241
Shares, basic (weighted)
106
121
159
Shares, diluted (weighted)
326
357
366
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
317
462
1,246
Short-term investments
835
709
Receivables
55.3
34
Other current assets
5.57
4.69
Total current assets
5,881
8,516
Property, plant and equipment
237
1,423
Lease right-of-use assets
8.22
10.3
Goodwill
44.3
58
66.5
Intangible assets
37.4
29.5
Long-term investments
809
1,023
Other non-current assets
107
276
Total assets
7,120
11,348
Accounts payable
6.91
17.6
Accrued liabilities
71.6
93.6
Total current liabilities
3,888
5,312
Long-term debt
845
2,433
Lease liabilities
6.94
8.64
Other non-current liabilities
192
513
Total liabilities
4,926
8,313
Paid-in capital
0
1,615
Retained earnings
0
343
Other comprehensive income
0
-2.04
Shareholders' equity
0
2,194
1,956
Minority interests
0
1,079
Total equity
1,711
2,194
3,035
Total liabilities and equity
7,120
11,348
Shares outstanding
0
Cash flow statement
FY2023
FY2025
FY2025
Net income
229
347
-241
Depreciation and amortization
22.9
46.9
34.1
Stock-based compensation
81.7
74.9
53.6
Deferred income tax
6.54
-8.39
13.9
Change in receivables
7.96
3.49
24.7
Change in payables
18.2
91.5
17.9
Cash from operations
-4.08
-205
-317
Capital expenditures
-45.6
-59
-1,193
Acquisitions
-43.9
-5.12
-7.78
Cash from investing
-285
-522
-1,291
Stock issued
11.1
125
851
Cash from financing
63.4
872
2,391
Net change in cash
-225
145
784
Free cash flow
-49.7
-264
-1,509
Interest paid
23.3
51.1
53.3
Income taxes paid
9.32
8.56
5.81
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $24.24 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-0.7%
Pre-tax income / revenue.
Net margin
-0.5%
Net income / revenue.
FCF margin
-3.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-0.6%
Cash from operations / revenue.
Return on equity (ROE)
-15.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-2.6%
Net income / average total assets.
Stock-based pay / revenue
0.1%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
2.7%
Capital expenditures / revenue.
D&A / revenue
0.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
41.8%
Revenue vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-169.6%
Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-10.9%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
59.4%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
2.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.50x
Current assets / current liabilities.
Quick ratio
0.34x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.32x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$297.44
Revenue / diluted weighted shares.
FCF per share
-$9.80
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.85
Cash from operations / diluted weighted shares.
Book value per share
$9.45
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.17x
Market cap / revenue.
P/B
5.20x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
5.49x
Market cap / tangible book value, when positive.
EV/Sales
0.14x
Enterprise value / revenue.
FCF yield
-19.9%
Free cash flow / market cap.
Earnings yield
-2.9%
Net income / market cap (the inverse of P/E).
What was Galaxy Digital Inc.'s revenue in fiscal 2025?
Galaxy Digital Inc. reported revenue of $60.41B for fiscal 2025, 41.8% higher than the year before.
Was Galaxy Digital Inc. profitable in fiscal 2025?
No. It reported a net loss of $241.3M.
How much free cash flow did Galaxy Digital Inc. generate in fiscal 2025?
Cash from operations of $316.6M minus capital expenditures of $1.19B left free cash flow of -$1.51B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.