New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Annuncio • Feb 09
Galaxy Digital Inc. (NasdaqGS:GLXY) announces an Equity Buyback for 5% of its issued share capital, for $200 million. Galaxy Digital Inc. (NasdaqGS:GLXY) announces a share repurchase program. Under the program, the company will repurchase $200 million worth of its Class A common stock, representing 5% of its issued share capital. The share repurchase program will have a term of 12 months. Recent Insider Transactions • Feb 07
Independent Director recently bought CA$711k worth of stock On the 4th of February, Douglas Deason bought around 25k shares on-market at roughly CA$28.44 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$1.0m. Despite this recent purchase, insiders have collectively sold CA$1.9m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to CA$29.98, the stock trades at a trailing P/E ratio of 35.5x. Average forward P/E is 11x in the Capital Markets industry in Canada. Total returns to shareholders of 450% over the past three years. New Risk • Feb 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$44.40, the stock trades at a forward P/E ratio of 2582x. Average forward P/E is 13x in the Capital Markets industry in Canada. Total returns to shareholders of 706% over the past three years. New Risk • Jan 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Annuncio • Jan 15
Galaxy Digital Inc. to Report Q4, 2025 Results on Feb 03, 2026 Galaxy Digital Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$36.19, the stock trades at a forward P/E ratio of 193x. Average forward P/E is 13x in the Capital Markets industry in Canada. Total returns to shareholders of 612% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$33.82, the stock trades at a forward P/E ratio of 180x. Average forward P/E is 12x in the Capital Markets industry in Canada. Total returns to shareholders of 767% over the past three years. Annuncio • Dec 15
Invesco Ltd. and Galaxy Asset Management Announces the Launch of the Invesco Galaxy Solana Etp Invesco Ltd. in partnership with Galaxy Asset Management announced the launch of the Invesco Galaxy Solana ETP (QSOL). QSOL offers investors direct exposure to Solana (SOL) within a regulated ETP structure by tracking its spot price-measured by the Lukka Prime Solana Reference Rate. Solana's high-performance architecture and low-cost transaction model make it a foundational layer in the evolving digital assets ecosystem. Its scalability and developer-friendly environment have positioned it as a key enabler of Web3 innovation-powering use cases from distributed data networks to AI-integrated applications and beyond. For Invesco and Galaxy, Solana represents a strategic opportunity to broaden access to next-generation blockchain infrastructure through investment vehicles-aligning with both firms' commitment to democratizing digital asset exposure and supporting the future of decentralized technologies. QSOL expands Invesco's existing digital assets ETP suite, together with the Invesco Galaxy Bitcoin ETP (BTCO), and the Invesco Galaxy Ethereum ETP (QETH). These three ETPs are supported by the collective experience of Invesco and Galaxy and designed to meet the evolving needs of digital asset investors. The collaborative mind, breadth of solutions and global scale mean company's well positioned to help retail and institutional investors rethink challenges and find new possibilities for success. Annuncio • Dec 05
Galaxy Digital Inc. (NasdaqGS:GLXY) acquired Alluvial Finance Inc. Galaxy Digital Inc. (NasdaqGS:GLXY) acquired Alluvial Finance Inc. on December 4, 2025.
Galaxy Digital Inc. (NasdaqGS:GLXY) completed the acquisition of Alluvial Finance Inc. on December 4, 2025. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$35.76, the stock trades at a forward P/E ratio of 205x. Average forward P/E is 10x in the Capital Markets industry in Canada. Total returns to shareholders of 749% over the past three years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$43.92, the stock trades at a forward P/E ratio of 209x. Average forward P/E is 13x in the Capital Markets industry in Canada. Total returns to shareholders of 845% over the past three years. New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Significant insider selling over the past 3 months (CA$39m sold). New Risk • Oct 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Significant insider selling over the past 3 months (CA$39m sold). Annuncio • Oct 06
Galaxy Digital Inc. Launches Galaxyone, Bringing Institutional-Quality Financial Offerings to Individual Investors Galaxy Digital Inc. launched GalaxyOne, a financial technology platform offering U.S.-based individual investors to access high yields on fiat cash, alongside crypto and equities trading in a single digital experience. Accredited investors1 can access 8.00% Annual Percentage Yield (APY) through Galaxy Premium Yield2, while all investors can earn 4.00% APY3 on cash deposits and the ability to auto-reinvest earned interest into bitcoin or other supported crypto - all backed by Galaxy's financial expertise, rigorous risk management, and white-glove client service. GalaxyOne, which is available on mobile (iOS and Android) and online in the U.S., launches with four core products: Galaxy Premium Yield2: Earn 8.00% APY through an investment note issued by Galaxy Digital LP, a subsidiary of Galaxy Digital Inc. and available exclusively to U.S. accredited investors on GalaxyOne. Yield is generated by Galaxy's institutional lending business, active since 2018. Each investment requires a $25,000 minimum and is capped at $1 million per investor with an initial $250 million total investment cap. Interest accrues daily and is paid monthly into the GalaxyOne Cash account. Banking services are provided by Cross River Bank, member FDIC. GalaxyOne Crypto: Buy, trade, hold and transfer major blue-chip digital assets, including bitcoin (BTC), ethereum (ETH), and solana (SOL). Transparent pricing, recurring purchases and real-time execution are available on the platform. GalaxyOne Brokerage: Access commission-free trading of more than 2,000 U.S stocks and ETFs in individual brokerage accounts. Retirement accounts (traditional and Roth IRAs) are also available. GalaxyOne is designed for individual investors who want the best of both traditional and digital markets. Its core offerings include competitive yield on cash deposits for U.S.-based individual investor and 8.00% yield through Galaxy Premium Yield for U.S. accredited investors, as well as seamless access to crypto and equities trading and the ability to reinvest earned interest into bitcoin or other support crypto, all in one precision-built platform. GalaxyOne, backed by Galaxy Digital Inc, benefits from the firm's proven financial expertise, risk management and white-glove client services. Additional information about GalaxyOne is available at galaxy.app. Recent Insider Transactions • Sep 16
Independent Director recently sold CA$1.4m worth of stock On the 12th of September, Rhonda Medina sold around 33k shares on-market at roughly CA$41.34 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annuncio • Aug 12
Galaxy Digital Inc. Announces Chief Legal Officer Changes Galaxy Digital Inc. announced that Matt Friedrich will be joining as Chief Legal Officer, effective September 8, 2025. Mr. Friedrich will be responsible for Galaxy's global legal and compliance matters, including regulatory engagement, corporate governance, litigation and public policy. He will report directly to CEO and Founder Mike Novogratz and act as a key member of Galaxy's senior leadership team. Prior to joining Galaxy, Mr. Friedrich served in various senior in-house legal roles, including at Cognizant Technology Solutions, where he served as Executive Vice President and General Counsel, overseeing global legal, compliance, and government affairs functions, and at Chevron, where he served as Chief Corporate Counsel. Mr. Friedrich was also a law firm partner at Freshfields Bruckhaus Deringer and Boies, Schiller & Flexner, representing multi-national companies in cross-border investigations, litigation, and compliance matters. Earlier in his career, Mr. Friedrich was a federal prosecutor, spending 13 years at the U.S. Department of Justice and concluding his public service as the Acting Assistant Attorney General of the Criminal Division. Mr. Friedrich succeeds Andrew Siegel, who has served as Galaxy's General Counsel since 2017. During that time, Mr. Siegel built and led a world-class legal and compliance team while navigating an evolving regulatory landscape and playing a key role in Galaxy's listing on Nasdaq earlier this year. New Risk • Aug 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Annuncio • Jul 30
Galaxy Digital Inc. Announces the Appointment of Doug Deason to Board of Directors Galaxy Digital Inc. announced the appointment of Doug Deason, president of Deason Capital Services, to its Board of Directors as an independent director, effective immediately. Mr. Deason will also join the firm's Nominating and Corporate Governance Committee. A seasoned entrepreneur, investor, and civic leader, Mr. Deason brings decades of experience across financial services, real estate, and public markets. Since 2011, Mr. Deason has led investment firm Deason Capital Services. He previously served as CEO of Precept Builders, a nationwide commercial builder, and Precept Business Services, a Nasdaq-listed firm, and he co-managed Evergreen Realty Partners, a Dallas-based multifamily development firm. In addition to his corporate leadership, Mr. Deason currently serves on the boards of Great American Media (Chairman), Ryan, LLC, and Park Cities Financial Group, the parent company of Dallas Capital Bank. He also holds numerous civic and advisory roles, including with MD Anderson Cancer Center, the Texas Public Policy Foundation, and the Executive Board of the Bobby Lyle School of Engineering at Southern Methodist University (SMU). He is Chairman of the Advisory Boards for both the Deason Institute for Cybersecurity at SMU's Lyle School of Engineering, and the Deason Center for Criminal Justice Reform at SMU's Dedman School of Law. Mr. Deason holds a degree in data processing quantitative analysis (computer science) from the University of Arkansas. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$33.33, the stock trades at a trailing P/E ratio of 51x. Average forward P/E is 14x in the Capital Markets industry in Canada. Total returns to shareholders of 344% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$20.08 per share. Annuncio • Jul 16
Galaxy Digital Inc. to Report Q2, 2025 Results on Aug 05, 2025 Galaxy Digital Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$29.82, the stock trades at a trailing P/E ratio of 45.9x. Average forward P/E is 14x in the Capital Markets industry in Canada. Total returns to shareholders of 499% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$20.31 per share. Annuncio • Jun 23
Galaxy Digital Inc.(TSX:GLXY) dropped from S&P Global BMI Index Galaxy Digital Inc.(TSX:GLXY) dropped from S&P Global BMI Index New Risk • Jun 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 114% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 114% per year for the foreseeable future. Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CA$24.92, the stock trades at a trailing P/E ratio of 30.1x. Average forward P/E is 12x in the Capital Markets industry in Canada. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$17.43 per share. Annuncio • May 31
Galaxy Digital Inc. has completed a Follow-on Equity Offering in the amount of $600.4 million. Galaxy Digital Inc. has completed a Follow-on Equity Offering in the amount of $600.4 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 31,600,000
Price\Range: $19
Discount Per Security: $0.9025 Annuncio • May 30
Galaxy Digital Inc. has completed a Follow-on Equity Offering in the amount of $600.4 million. Galaxy Digital Inc. has completed a Follow-on Equity Offering in the amount of $600.4 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 31,600,000
Price\Range: $19 Annuncio • May 28
Galaxy Digital Inc. has filed a Follow-on Equity Offering. Galaxy Digital Inc. has filed a Follow-on Equity Offering.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 29,000,000 Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jane Dietze was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
