View Future GrowthGalaxy Digital 過去の業績過去 基準チェック /06Galaxy Digitalの収益は年間平均-14.1%の割合で減少していますが、 Capital Markets業界の収益は年間 増加しています。収益は年間6.1% 65.9%割合で 増加しています。主要情報-14.10%収益成長率-19.38%EPS成長率Capital Markets 業界の成長10.26%収益成長率65.93%株主資本利益率-5.84%ネット・マージン-0.11%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 30First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: US$1.12 loss per share (further deteriorated from US$0.35 loss in 1Q 2025). Revenue: US$10.2b (down 6.8% from 1Q 2025). Net loss: US$216.3m (loss widened 353% from 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 16Galaxy Digital Inc. to Report Q1, 2026 Results on Apr 28, 2026Galaxy Digital Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026お知らせ • Jan 15Galaxy Digital Inc. to Report Q4, 2025 Results on Feb 03, 2026Galaxy Digital Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026お知らせ • Jul 16Galaxy Digital Inc. to Report Q2, 2025 Results on Aug 05, 2025Galaxy Digital Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025すべての更新を表示Recent updates分析記事 • 14hGalaxy Digital (GLXY) Stock Could Be 18% Undervalued as AI and Crypto Interest BuildsGalaxy Digital (GLXY) is drawing fresh attention after recent commentary on US debt and inflation, as founder Mike Novogratz linked long term inflation risks to growing interest in Bitcoin and other digital assets. See our latest analysis for Galaxy Digital. Recent trading reflects growing interest in Galaxy Digital, with the share price at $34.20 and a 30 day share price return of 24.14%. The 1 year total shareholder return of 79.62% and very large 3 year total shareholder return suggest...ライブニュース • Jun 11Galaxy Digital Teams With Morgan Stanley as AI Data Center Leases and DeFi Growth Fuel MomentumMorgan Stanley Wealth Management is working with Galaxy Digital to let eligible clients lend their crypto and receive shares in spot crypto ETFs, with Galaxy lowering lending minimums for referred high-net-worth clients. Galaxy plans to co-launch and manage the US$125 million Galaxy Sharplink Onchain Yield Fund, targeting institutional investors seeking blockchain-based yield products. The company’s stock recently surged over 22% after announcing plans for the 1.6-gigawatt Helios data center in West Texas and a shift in focus from Bitcoin mining toward AI infrastructure. Insider sales of US$14.4 million and ongoing losses highlight execution and profitability risks. Galaxy is also a user of Morpho’s blockchain-based credit network, which now has over US$11 billion in deposits after a US$175 million funding round. It has also cut its estimated odds of the crypto-focused CLARITY Act passing in 2026 from 75% to 60%. Taken together, Galaxy is leaning into institutional partnerships, AI-focused infrastructure and DeFi credit markets, while regulatory timing around CLARITY remains uncertain. If you are following the stock, the key questions are whether Helios leases up as planned, how quickly the new yield and ETF-related products gain traction, and how regulatory outcomes affect the economics of these crypto-focused businesses.Seeking Alpha • Jun 11Galaxy Digital: AI Infrastructure Could Unlock Significant UpsideSummary Galaxy Digital is transitioning from a crypto-focused firm to a leading AI/HPC data center operator, with Helios as a core value driver. GLXY's 15-year CoreWeave lease is expected to generate $1B annual revenue and 90% EBITDA margins, with significant upside from an additional 830 MW capacity. I assign a BUY rating and a 12-month price target of $39.90, reflecting undervalued data center optionality and resilient digital asset operations. GLXY's strong balance sheet, buybacks, and positive EBITDA outlook support a compelling risk/reward profile as it executes on infrastructure expansion. Read the full article on Seeking Alphaナラティブの更新 • Jun 07GLXY: Onchain Alliances And Index Inclusion Are Expected To Drive Future UpsideGalaxy Digital's analyst price target has been nudged higher to $41.69 from $41.44, with analysts pointing to updated assumptions around discount rate, revenue growth, profit margin and future P/E as they refine their views following a mix of recent target increases and cuts across the Street. Analyst Commentary Street research on Galaxy Digital has been mixed, with some firms lifting targets and others trimming them as they refresh models around discount rates, growth expectations, margins and future P/E assumptions.ライブニュース • Jun 04Galaxy Digital Expands With High-Yield Cash Note and $10 Million OTC Prediction Markets LaunchGalaxyOne, Galaxy Digital’s retail app, is offering accredited investors an 8% yield on cash via an investment note that draws primarily on returns from the firm’s institutional lending desk, which lends to borrowers typically posting Bitcoin as collateral. GalaxyOne also provides a 3.50% APY checking account, commission-free stock and crypto trading, and Solana staking with rewards of up to 6.50%, targeting users who want both yield and trading access in a single platform. Galaxy Digital has launched an institutional OTC prediction markets desk through its Global Markets division, giving hedge funds and family offices access to large, private event-driven contracts, and has already executed a US$10 million trade with Arca tied to outcomes related to the proposed CLARITY Act. Taken together, these moves show Galaxy Digital leaning further into higher-yield crypto lending and niche trading products aimed at both accredited retail and institutional clients, which may broaden its fee and interest income sources. Investors should keep in mind that the 8% yield relies on the health and risk profile of Galaxy’s lending activities, and that prediction markets remain subject to evolving regulatory treatment, which can affect product availability and client demand.お知らせ • Jun 04Galaxy Digital Inc. Launches Institutional OTC Prediction Markets TradingGalaxy Digital Inc. announced the launch of institutional OTC prediction markets trading through its Global Markets trading desk. With this offering, Galaxy can now enable hedge funds, family offices, and other institutional clients to access prediction market liquidity at sizes and with a level of discretion not available through retail interfaces. The offering covers instruments referencing non-sports event contracts traded on Kalshi and Polymarket -- spanning economic, political, geopolitical, and other event-driven markets -- with plans to expand to additional platforms. Galaxy can also pair prediction market positions with hedges in equities, commodities, and other assets, giving clients the ability to build complete risk strategies around a single event rather than managing exposure in silos. Galaxy has already put the offering to work, executing a $10 million trade with Arca, a crypto-native hedge fund, on the outcomes associated with the passage of the CLARITY ACT. Galaxy's OTC desk facilitated Arca's trade, enabling them to take a precise position tied directly to the outcome, accessing institutional-scale liquidity and executing the trade efficiently on a bilateral basis. Galaxy's participation as a principal counterparty has a broader effect on these markets. As institutional capital flows into prediction markets through facilitators like Galaxy, Galaxy believes the prices on these platforms should become more reflective of professional analysis -- and more useful as signals for investors, policymakers, and corporates watching the same outcomes. Galaxy conducts this activity solely with institutional counterparties and evaluates offerings on a jurisdiction-by-jurisdiction basis in light of applicable legal and regulatory considerations.Recent Insider Transactions Derivative • May 26Chairman of the Board & Senior Advisor exercised options and sold US$3.1m worth of stockOn the 22nd of May, Michael Daffey exercised 250k options at a strike price of around US$16.54 and sold these shares for an average price of US$28.88 per share. This trade did not impact their existing holding. Since June 2025, Michael's direct individual holding has increased from 1.50m shares to 1.51m. Company insiders have collectively sold US$37m more than they bought, via options and on-market transactions in the last 12 months.ナラティブの更新 • May 24GLXY: Broader Platform And Onchain Alliances Will Drive Future UpsideGalaxy Digital's analyst price target has been revised higher from $39.42 to $41.44. Analysts cite updates in revenue growth, profit margin assumptions, discount rate and future P/E inputs, along with recent mixed target changes from major brokerages.お知らせ • May 20GalaxyOne Prime NY Receives BitLicense and Money Transmission License from New York State Department of Financial ServicesGalaxy Digital Inc. announced that the New York State Department of Financial Services (NYDFS) granted GalaxyOne Prime NY, the Galaxy entity that will serve New York clients, a BitLicense and Money Transmission License, authorizing the Company to offer regulated digital asset services to institutions across the state. New York joins Galaxy's regulatory footprint of more than 50 global licenses. Institutions in the state -- including registered investment advisors, hedge funds, and family offices -- can now access Galaxy's full suite of trading and custody services, backed by a digital asset business managing $9 billion in client assets.New Risk • May 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).お知らせ • May 09Galaxy Digital Inc. has filed a Follow-on Equity Offering in the amount of $500 million.Galaxy Digital Inc. has filed a Follow-on Equity Offering in the amount of $500 million. Security Name: Class A Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Apr 30First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: US$1.12 loss per share (further deteriorated from US$0.35 loss in 1Q 2025). Revenue: US$10.2b (down 6.8% from 1Q 2025). Net loss: US$216.3m (loss widened 353% from 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.ナラティブの更新 • Apr 23GLXY: Broad Platform Breadth And Staking Expansion Will Drive Future UpsideAnalysts have trimmed their average price target for Galaxy Digital by about $2.67 to $39.42 as a series of firms reset expectations, citing updated views on fair value, discount rates and long dated P/E assumptions while keeping core revenue growth and profit margin inputs broadly unchanged. Analyst Commentary Street research on Galaxy Digital has been active, with several firms revisiting their models, price targets and assumptions around risk, growth and complexity.お知らせ • Apr 16Galaxy Digital Inc. to Report Q1, 2026 Results on Apr 28, 2026Galaxy Digital Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026お知らせ • Apr 10Galaxy Digital Inc., Annual General Meeting, May 28, 2026Galaxy Digital Inc., Annual General Meeting, May 28, 2026.Major Estimate Revision • Apr 10Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.294 to -US$0.37 per share. Revenue forecast unchanged at US$47.9b. Capital Markets industry in the US expected to see average net income growth of 15% next year. Consensus price target down from US$42.08 to US$40.33. Share price rose 20% to US$21.15 over the past week.ナラティブの更新 • Apr 07GLXY: Broad Crypto Platform And Helios Buildout Will Drive Future UpsideGalaxy Digital's updated analyst price target reflects a modest adjustment of fair value to about $42.08, as analysts weigh recent mixed target changes in relation to the company's broad exposure to crypto markets and evolving regulatory clarity. Analyst Commentary Recent research on Galaxy Digital reflects a mix of optimism and caution, with several firms adjusting price targets and one major bank initiating coverage at Neutral.お知らせ • Apr 01Galaxy Digital Inc. Launches Solana Staking on GalaxyOne PlatformGalaxy Digital Inc. announced that GalaxyOne, a financial technology platform from Galaxy built for U.S. individual investors to manage high-yield cash products, equities, and crypto in a unified experience, has launched Solana ("SOL") staking for eligible clients. The new feature allows clients to earn up to an estimated 6.50% in variable rewards on crypto through staking, with no platform commission through December 31, 2026, allowing users to retain more network-generated rewards. The launch marks an expansion of GalaxyOne's digital asset capabilities, allowing clients participate in blockchain network validation while earning rewards directly within their broader financial portfolio. GalaxyOne Staking is powered by Galaxy's institutional validator infrastructure, which has been one of the largest Solana validator operations globally for several years. Unlike platforms that rely on third-party validators, every staked SOL on GalaxyOne is delegated to Galaxy's validator built to meet institutional standards for reliability, security, and performance — with Galaxy managing the full validator stack. Clients can get started by transferring SOL from an external wallet or purchasing SOL directly on the platform with GalaxyOne Crypto, which offers real-time execution and transparent pricing with no transaction spreads. Once successfully staked, rewards will start to accrue and compound automatically, and are tracked in real time alongside staked balances and full transaction history within a single interface, with integrated tax reporting and access to a dedicated U.S.-based client service team available to connect via in-app, email and by phone. GalaxyOne Staking is available to eligible clients in more than 40 U.S. states and jurisdictions. Existing clients can access staking directly within their GalaxyOne account, or open a new account at galaxy.app. GalaxyOne Staking is not available for clients in CA, LA, MD, NJ, NV, NY, PA, TN, WA, or WI. Availability is subject to change. Eligibility determined at the account level. Reward rate is estimated and not guaranteed. Rewards are variable and may increase or decrease. Actual returns depend on network conditions. Past performance is not indicative of future results. Crypto is not FDIC insured, not SIPC protected, and may lose value. 0% platform commission through December 31, 2026. Platform commission is defined as the fee GalaxyOne charges to access staking on GalaxyOne and applies to Inflation and eligible MEV rewards earned while assets remain actively staked. Validators may retain transaction fees and certain protocol-level rewards associated with block production. Residual MEV rewards that are distributed after your assets are unstaked will not be credited to your account. Network transaction fees for sending and receiving SOL still apply. Staking involves risks, including validator downtime, slash, loss of rewards, and Galaxy cannot guarantee validator performance. Other fees apply.お知らせ • Mar 25Soter Insure Issues Ethereum-Denominated Slashing Insurance PolicySoter Insure announced the launch of the world's first Ethereum-denominated slashing insurance product. Developed in collaboration with Galaxy Digital, this innovative policy provides a critical safety net for Ethereum validators and institutional stakers. As Ethereum staking becomes a cornerstone of institutional portfolios, 'slashing', or the penalization of a validator for protocol violations, remains a primary technical and operational risk. This penalty is denominated in ETH, while traditionally, insurance for such events was capped in fiat (USD), leaving institutions exposed if the price of ETH surged during the policy period. Soter's new product solves this by denominating both premiums and claims in ETH, ensuring that the protection scales perfectly with the value of the staked assets. The policy provides comprehensive coverage for ETH stakers, covering financial losses from both isolated and network-wide slashing events, settled entirely in native ETH. By settling claims directly in ETH, Soter removes the 'currency risk' associated with currency mismatch. This new slashing product complements Soter's existing suite of BTC-denominated crime policies and traditional fiat-denominated financial lines coverage. By addressing the specific nuances of Proof-of-Stake (PoS) mechanics, Soter is providing the necessary infrastructure for the next wave of institutional ETH adoption. The successful rollout of this product demonstrates that the insurance industry is no longer playing catch-up; it is now building bespoke solutions that enhance the robustness of the entire digital asset ecosystem. The launch of Soter's ETH-denominated slashing product arrives at a critical juncture as major asset managers look to evolve their spot ETH offerings into Staked ETH ETFs. By providing indemnity exclusively in ETH, Soter ensures that any insured slashing penalties are replaced in kind. This native settlement removes the basis risk inherent in fiat-denominated policies, where price fluctuations could prevent a full recovery of the insured principal.ナラティブの更新 • Mar 24GLXY: Multi Segment Platform And Helios Expansion Will Support Future UpsideAnalysts have nudged the Galaxy Digital fair value estimate modestly higher from $42.00 to $42.25, citing recent price target revisions that balance its broad, complex business mix with potential longer term benefits from clearer regulation and institutional demand. Analyst Commentary Street research around Galaxy Digital has been active, with recent price target moves in both directions as analysts weigh the benefits of the company’s broad business mix against execution risk and market sensitivity.ナラティブの更新 • Mar 10GLXY: Multi Segment Platform And AI Power Capacity Will Support UpsideThe updated analyst price target for Galaxy Digital has moved modestly lower to $42.00. This reflects recent target trims from firms that are now emphasizing the complexity of the business mix and the potential for the stock to trail simpler crypto plays when markets are driven more by short term narratives rather than steady institutional activity.ナラティブの更新 • Feb 23GLXY: AI Data Center Expansion Will Support Future Earnings UpsideGalaxy Digital's updated analyst price target edges lower by about $5 to roughly $40, as analysts factor in modest tweaks to the discount rate, profit margin and future P/E expectations following recent Street research updates. Analyst Commentary Recent Street research on Galaxy Digital has centered on fine tuning price targets around the US$40 mark, with several firms updating their models for discount rates, profit margins and forward P/E assumptions.お知らせ • Feb 09Galaxy 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.ナラティブの更新 • Feb 07GLXY: AI Data Center Expansion Will Drive Future Earnings UpsideAnalysts have trimmed their fair value estimate for Galaxy Digital to about $43 from roughly $48, citing updated assumptions around revenue growth, discount rates, and expected future P/E multiples reflected in recent price target changes across the Street. Analyst Commentary Recent Street research on Galaxy Digital points to a more cautious stance on valuation, with several price targets revised to reflect updated assumptions around growth, risk, and market multiples.Recent Insider Transactions • Feb 07Independent Director recently bought US$520k worth of stockOn the 4th of February, Douglas Deason bought around 25k shares on-market at roughly US$20.80 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 US$732k. Despite this recent purchase, insiders have collectively sold US$1.4m more in shares than they bought in the last 12 months.Price Target Changed • Feb 04Price target decreased by 9.7% to US$43.18Down from US$47.82, the current price target is an average from 11 analysts. New target price is 114% above last closing price of US$20.16. Stock is up 4.2% over the past year.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$26.44, the stock trades at a trailing P/E ratio of 42.7x. Average forward P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 549% over the past three years.New Risk • Feb 01New major risk - Revenue and earnings growthEarnings 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 Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).Major Estimate Revision • Jan 28Consensus EPS estimates fall from profit to US$0.12 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -US$0.12 instead of US$0.079 per share profit previously forecast. Revenue forecast unchanged at US$65.2b Capital Markets industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$47.82 unchanged from last update. Share price was steady at US$31.90 over the past week.ナラティブの更新 • Jan 24GLXY: AI Data Center Buildout And Margin Expansion Will Drive UpsideNarrative Update: Galaxy Digital Analyst Price Target Shift The analyst price target for Galaxy Digital has moved modestly higher to approximately $47.82 from about $47.64, as analysts point to a more favorable discount rate, a sharply higher profit margin assumption of 25.59%, and a materially lower future P/E estimate supported by recent research highlighting the company’s AI data center plans and blockchain enabled investment banking platform. Analyst Commentary Recent Street research on Galaxy Digital focuses on its dual identity as an AI data center developer and a blockchain enabled investment bank, and how effectively the company can turn these platforms into sustainable earnings that support the updated price targets.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 35%After last week's 35% share price gain to US$34.31, the stock trades at a forward P/E ratio of 2760x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 727% over the past three years.New Risk • Jan 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% 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 12% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).Major Estimate Revision • Jan 15Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.756 to US$0.591 per share. Revenue forecast steady at US$64.7b. Net income forecast to shrink 35% next year vs 15% growth forecast for Capital Markets industry in the US . Consensus price target of US$47.64 unchanged from last update. Share price rose 25% to US$31.99 over the past week.お知らせ • Jan 15Galaxy Digital Inc. to Report Q4, 2025 Results on Feb 03, 2026Galaxy Digital Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026ナラティブの更新 • Jan 10GLXY: AI Data Center Power And Staking Platform Will Drive Next UpsideThe updated analyst price target for Galaxy Digital has moved slightly lower to about US$47.64 from roughly US$47.82 as analysts refine their views around the company’s large high performance computing data center plans and its broader digital asset and investment banking mix in light of recent research highlighting both AI power assets and record quarterly execution. Analyst Commentary Recent Street research on Galaxy Digital centers on two main themes: its potential as a high performance computing, or HPC, power asset owner and developer, and its broader digital asset and investment banking platform.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$26.30, the stock trades at a forward P/E ratio of 193x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 598% over the past three years.お知らせ • Dec 15Invesco Ltd. and Galaxy Asset Management Announces the Launch of the Invesco Galaxy Solana EtpInvesco 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.ナラティブの更新 • Dec 15GLXY: High-Performance Data Center Monetization Will Drive Next Phase Of UpsideAnalysts have nudged their price target for Galaxy Digital higher to approximately $47.82 from about $45.91, citing stronger expected revenue growth, improving profitability, and increasing confidence in the company’s combined AI data center and digital assets franchise. Analyst Commentary Bullish analysts frame Galaxy Digital as a differentiated play on the convergence of artificial intelligence infrastructure and digital assets, with recent estimate revisions and price target increases reflecting greater confidence in both earnings power and strategic positioning.Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$29.45, the stock trades at a forward P/E ratio of 236x. Average forward P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 892% over the past three years.お知らせ • Dec 05Galaxy 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.分析記事 • Dec 02Take Care Before Jumping Onto Galaxy Digital Inc. (NASDAQ:GLXY) Even Though It's 29% CheaperGalaxy Digital Inc. ( NASDAQ:GLXY ) shares have retraced a considerable 29% in the last month, reversing a fair amount...ナラティブの更新 • Nov 28GLXY: Monetizing High-Performance Data Centers Will Fuel Next Wave of UpsideThe analyst price target for Galaxy Digital has been revised slightly downward from $46.73 to $45.91 per share. Analysts cite cautious updates in fair value, discount rate, and growth assumptions, even as recent Street research continues to highlight the company's AI and high-performance data center potential.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$25.57, the stock trades at a forward P/E ratio of 205x. Average forward P/E is 15x in the Capital Markets industry in the US. Total returns to shareholders of 713% over the past three years.ナラティブの更新 • Nov 14GLXY: Accelerating Demand for AI Data Centers Will Drive Next PhaseGalaxy Digital's analyst price target has been modestly revised downward to $46.73 from $46.90 as analysts weigh robust revenue growth prospects and industry tailwinds against recent declines in profit margin and higher discount rates. Analyst Commentary Recent street research reflects a dynamic outlook for Galaxy Digital, as analysts adjust targets and ratings to account for industry shifts, company execution, and broader AI and data center trends.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$31.17, the stock trades at a forward P/E ratio of 209x. Average forward P/E is 15x in the Capital Markets industry in the US. Total returns to shareholders of 801% over the past three years.ナラティブの更新 • Oct 31GLXY: Expanding Role In Power Assets Will Drive AI Infrastructure Market LeadershipAnalysts have raised their price target for Galaxy Digital from $37.78 to $46.90. They cite a series of strong quarterly results and optimism about the company's expanding role beyond high-performance computing as key reasons for the upgrade.New Risk • Oct 26New major risk - Revenue and earnings growthEarnings 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 Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Significant insider selling over the past 3 months (US$28m sold).New Risk • Oct 22New major risk - Revenue and earnings growthEarnings 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 (US$28m sold).ナラティブの更新 • Oct 17Digital Asset Adoption And Tokenization Will Expand Market OpportunitiesAnalysts have increased their price target on Galaxy Digital from $36.78 to $37.78. This reflects optimism about the firm's evolving data center strategy and sector-wide benefits from recent AI infrastructure deals.お知らせ • Oct 11+ 1 more updateGalaxy Digital Inc. announced that it expects to receive $325.000008 million in fundingGalaxy Digital Inc. announced that it has entered into investment agreement with one of the asset managers to issue 9,027,778 class A common shares at an issue price of $36 per share for gross proceeds of $325,000,008 on October 10, 2025. The investment is expected to close on or about October 17, 2025, subject to customary closing conditions, including approval by the Toronto Stock Exchange.分析記事 • Oct 06Galaxy Digital Inc.'s (NASDAQ:GLXY) Shares Leap 54% Yet They're Still Not Telling The Full StoryGalaxy Digital Inc. ( NASDAQ:GLXY ) shares have continued their recent momentum with a 54% gain in the last month...お知らせ • Oct 06Galaxy Digital Inc. Launches Galaxyone, Bringing Institutional-Quality Financial Offerings to Individual InvestorsGalaxy 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.ナラティブの更新 • Oct 03Digital Asset Adoption And Tokenization Will Expand Market OpportunitiesGalaxy Digital's analyst price target has increased from approximately $35.33 to $36.78 per share. This adjustment is driven by analysts' recognition of stronger projected revenue growth and an evolving business strategy, despite a lower profit margin outlook.Recent Insider Transactions • Sep 16Independent Director recently sold US$994k worth of stockOn the 12th of September, Rhonda Medina sold around 33k shares on-market at roughly US$29.83 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.Recent Insider Transactions Derivative • Sep 05Independent Director exercised options and sold US$1.4m worth of stockOn the 3rd of September, Rhonda Medina exercised 150.00k options at around US$4.05, then sold 68k of the shares acquired at an average of US$24.50 per share and kept the remainder. Since June 2025, Rhonda has not owned shares directly. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Aug 13Galaxy Digital Inc. (NASDAQ:GLXY) Soars 35% But It's A Story Of Risk Vs RewardGalaxy Digital Inc. ( NASDAQ:GLXY ) shares have had a really impressive month, gaining 35% after a shaky period...お知らせ • Aug 12Galaxy Digital Inc. Announces Chief Legal Officer ChangesGalaxy 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.新しいナラティブ • Aug 10Digital Asset Adoption And Tokenization Will Expand Market Opportunities Accelerating institutional adoption and regulatory progress are driving demand for Galaxy's services, unlocking new product offerings and larger client pools for sustained growth.New Risk • Aug 07New major risk - Financial positionThe 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).Major Estimate Revision • Aug 06Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$58.8b to US$49.8b. EPS estimate unchanged from -US$0.17 per share at last update. Capital Markets industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$33.50 to US$35.25. Share price fell 5.4% to US$27.34 over the past week.お知らせ • Jul 30Galaxy Digital Inc. Announces the Appointment of Doug Deason to Board of DirectorsGalaxy 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.Major Estimate Revision • Jul 30Consensus revenue estimates increase by 5,782%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$790.1m to US$46.5b. EPS estimate fell from -US$0.53 to -US$0.558 per share. Capital Markets industry in the US expected to see average net income growth of 15% next year. Consensus price target up from US$30.13 to US$33.50. Share price fell 8.1% to US$26.76 over the past week.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$24.35, the stock trades at a trailing P/E ratio of 51x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 319% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$13.83 per share.お知らせ • Jul 16Galaxy Digital Inc. to Report Q2, 2025 Results on Aug 05, 2025Galaxy Digital Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$21.90, the stock trades at a trailing P/E ratio of 45.9x. Average forward P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 469% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$14.06 per share.お知らせ • Jun 23Galaxy Digital Inc.(TSX:GLXY) dropped from S&P Global BMI IndexGalaxy Digital Inc.(TSX:GLXY) dropped from S&P Global BMI IndexRecent Insider Transactions Derivative • Jun 04President & Chief Investment Officer exercised options and sold US$23m worth of stockOn the 29th of May, Christopher Ferraro exercised options to acquire 1m shares at no cost and sold these for an average price of US$18.10 per share. This trade did not impact their existing holding. Since June 2024, Christopher's direct individual holding has increased from 799.06k shares to 1.17m. This was the only transaction from an insider over the last 12 months.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$18.15, the stock trades at a trailing P/E ratio of 30.1x. Average forward P/E is 15x in the Capital Markets industry in the US. Total returns to shareholders of 223% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$12.17 per share.お知らせ • May 31Galaxy 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お知らせ • May 30Galaxy 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お知らせ • May 28Galaxy 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: 29,000,000Board Change • May 19Less than half of directors are independentFollowing 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.収支内訳Galaxy Digital の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGS:GLXY 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 2658,713-67473031 Dec 2561,356-85517030 Sep 2523,72611970030 Jun 253,219-10238031 Mar 2546,785-124517031 Dec 2443,758116444030 Sep 2427,405444305030 Jun 2418,693388205031 Mar 249,828493101031 Dec 2352,21076336030 Sep 230-1070030 Jun 230-1950031 Mar 230-4090031 Dec 220-5230030 Sep 220-1930030 Jun 220730031 Mar 2201780031 Dec 2104020030 Sep 2103550030 Jun 2102540031 Mar 2103120031 Dec 2001030030 Sep 200-1340030 Jun 200-1590031 Mar 200-1420031 Dec 190-1330030 Sep 190-80030 Jun 190-80031 Mar 190-340031 Dec 180-370030 Sep 180-150030 Jun 180-11031 Mar 18000031 Dec 17000030 Sep 17000030 Jun 17000031 Mar 17000031 Dec 16000030 Sep 16000030 Jun 16000031 Mar 16000031 Dec 15000030 Sep 15000030 Jun 150000質の高い収益: GLXYは現在利益が出ていません。利益率の向上: GLXYは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: GLXYは利益が出ておらず、過去 5 年間で損失は年間14.1%の割合で増加しています。成長の加速: GLXYの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: GLXYは利益が出ていないため、過去 1 年間の収益成長をCapital Markets業界 ( 38.3% ) と比較することは困難です。株主資本利益率高いROE: GLXYは現在利益が出ていないため、自己資本利益率 ( -5.84% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YDiversified-financials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/20 01:13終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Galaxy Digital Inc. 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。21 アナリスト機関Martin TonerATB CormarkMichael LeggBenchmark CompanyMark PalmerBenchmark Company18 その他のアナリストを表示
Reported Earnings • Apr 30First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: US$1.12 loss per share (further deteriorated from US$0.35 loss in 1Q 2025). Revenue: US$10.2b (down 6.8% from 1Q 2025). Net loss: US$216.3m (loss widened 353% from 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 16Galaxy Digital Inc. to Report Q1, 2026 Results on Apr 28, 2026Galaxy Digital Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026
お知らせ • Jan 15Galaxy Digital Inc. to Report Q4, 2025 Results on Feb 03, 2026Galaxy Digital Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026
お知らせ • Jul 16Galaxy Digital Inc. to Report Q2, 2025 Results on Aug 05, 2025Galaxy Digital Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025
分析記事 • 14hGalaxy Digital (GLXY) Stock Could Be 18% Undervalued as AI and Crypto Interest BuildsGalaxy Digital (GLXY) is drawing fresh attention after recent commentary on US debt and inflation, as founder Mike Novogratz linked long term inflation risks to growing interest in Bitcoin and other digital assets. See our latest analysis for Galaxy Digital. Recent trading reflects growing interest in Galaxy Digital, with the share price at $34.20 and a 30 day share price return of 24.14%. The 1 year total shareholder return of 79.62% and very large 3 year total shareholder return suggest...
ライブニュース • Jun 11Galaxy Digital Teams With Morgan Stanley as AI Data Center Leases and DeFi Growth Fuel MomentumMorgan Stanley Wealth Management is working with Galaxy Digital to let eligible clients lend their crypto and receive shares in spot crypto ETFs, with Galaxy lowering lending minimums for referred high-net-worth clients. Galaxy plans to co-launch and manage the US$125 million Galaxy Sharplink Onchain Yield Fund, targeting institutional investors seeking blockchain-based yield products. The company’s stock recently surged over 22% after announcing plans for the 1.6-gigawatt Helios data center in West Texas and a shift in focus from Bitcoin mining toward AI infrastructure. Insider sales of US$14.4 million and ongoing losses highlight execution and profitability risks. Galaxy is also a user of Morpho’s blockchain-based credit network, which now has over US$11 billion in deposits after a US$175 million funding round. It has also cut its estimated odds of the crypto-focused CLARITY Act passing in 2026 from 75% to 60%. Taken together, Galaxy is leaning into institutional partnerships, AI-focused infrastructure and DeFi credit markets, while regulatory timing around CLARITY remains uncertain. If you are following the stock, the key questions are whether Helios leases up as planned, how quickly the new yield and ETF-related products gain traction, and how regulatory outcomes affect the economics of these crypto-focused businesses.
Seeking Alpha • Jun 11Galaxy Digital: AI Infrastructure Could Unlock Significant UpsideSummary Galaxy Digital is transitioning from a crypto-focused firm to a leading AI/HPC data center operator, with Helios as a core value driver. GLXY's 15-year CoreWeave lease is expected to generate $1B annual revenue and 90% EBITDA margins, with significant upside from an additional 830 MW capacity. I assign a BUY rating and a 12-month price target of $39.90, reflecting undervalued data center optionality and resilient digital asset operations. GLXY's strong balance sheet, buybacks, and positive EBITDA outlook support a compelling risk/reward profile as it executes on infrastructure expansion. Read the full article on Seeking Alpha
ナラティブの更新 • Jun 07GLXY: Onchain Alliances And Index Inclusion Are Expected To Drive Future UpsideGalaxy Digital's analyst price target has been nudged higher to $41.69 from $41.44, with analysts pointing to updated assumptions around discount rate, revenue growth, profit margin and future P/E as they refine their views following a mix of recent target increases and cuts across the Street. Analyst Commentary Street research on Galaxy Digital has been mixed, with some firms lifting targets and others trimming them as they refresh models around discount rates, growth expectations, margins and future P/E assumptions.
ライブニュース • Jun 04Galaxy Digital Expands With High-Yield Cash Note and $10 Million OTC Prediction Markets LaunchGalaxyOne, Galaxy Digital’s retail app, is offering accredited investors an 8% yield on cash via an investment note that draws primarily on returns from the firm’s institutional lending desk, which lends to borrowers typically posting Bitcoin as collateral. GalaxyOne also provides a 3.50% APY checking account, commission-free stock and crypto trading, and Solana staking with rewards of up to 6.50%, targeting users who want both yield and trading access in a single platform. Galaxy Digital has launched an institutional OTC prediction markets desk through its Global Markets division, giving hedge funds and family offices access to large, private event-driven contracts, and has already executed a US$10 million trade with Arca tied to outcomes related to the proposed CLARITY Act. Taken together, these moves show Galaxy Digital leaning further into higher-yield crypto lending and niche trading products aimed at both accredited retail and institutional clients, which may broaden its fee and interest income sources. Investors should keep in mind that the 8% yield relies on the health and risk profile of Galaxy’s lending activities, and that prediction markets remain subject to evolving regulatory treatment, which can affect product availability and client demand.
お知らせ • Jun 04Galaxy Digital Inc. Launches Institutional OTC Prediction Markets TradingGalaxy Digital Inc. announced the launch of institutional OTC prediction markets trading through its Global Markets trading desk. With this offering, Galaxy can now enable hedge funds, family offices, and other institutional clients to access prediction market liquidity at sizes and with a level of discretion not available through retail interfaces. The offering covers instruments referencing non-sports event contracts traded on Kalshi and Polymarket -- spanning economic, political, geopolitical, and other event-driven markets -- with plans to expand to additional platforms. Galaxy can also pair prediction market positions with hedges in equities, commodities, and other assets, giving clients the ability to build complete risk strategies around a single event rather than managing exposure in silos. Galaxy has already put the offering to work, executing a $10 million trade with Arca, a crypto-native hedge fund, on the outcomes associated with the passage of the CLARITY ACT. Galaxy's OTC desk facilitated Arca's trade, enabling them to take a precise position tied directly to the outcome, accessing institutional-scale liquidity and executing the trade efficiently on a bilateral basis. Galaxy's participation as a principal counterparty has a broader effect on these markets. As institutional capital flows into prediction markets through facilitators like Galaxy, Galaxy believes the prices on these platforms should become more reflective of professional analysis -- and more useful as signals for investors, policymakers, and corporates watching the same outcomes. Galaxy conducts this activity solely with institutional counterparties and evaluates offerings on a jurisdiction-by-jurisdiction basis in light of applicable legal and regulatory considerations.
Recent Insider Transactions Derivative • May 26Chairman of the Board & Senior Advisor exercised options and sold US$3.1m worth of stockOn the 22nd of May, Michael Daffey exercised 250k options at a strike price of around US$16.54 and sold these shares for an average price of US$28.88 per share. This trade did not impact their existing holding. Since June 2025, Michael's direct individual holding has increased from 1.50m shares to 1.51m. Company insiders have collectively sold US$37m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブの更新 • May 24GLXY: Broader Platform And Onchain Alliances Will Drive Future UpsideGalaxy Digital's analyst price target has been revised higher from $39.42 to $41.44. Analysts cite updates in revenue growth, profit margin assumptions, discount rate and future P/E inputs, along with recent mixed target changes from major brokerages.
お知らせ • May 20GalaxyOne Prime NY Receives BitLicense and Money Transmission License from New York State Department of Financial ServicesGalaxy Digital Inc. announced that the New York State Department of Financial Services (NYDFS) granted GalaxyOne Prime NY, the Galaxy entity that will serve New York clients, a BitLicense and Money Transmission License, authorizing the Company to offer regulated digital asset services to institutions across the state. New York joins Galaxy's regulatory footprint of more than 50 global licenses. Institutions in the state -- including registered investment advisors, hedge funds, and family offices -- can now access Galaxy's full suite of trading and custody services, backed by a digital asset business managing $9 billion in client assets.
New Risk • May 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
お知らせ • May 09Galaxy Digital Inc. has filed a Follow-on Equity Offering in the amount of $500 million.Galaxy Digital Inc. has filed a Follow-on Equity Offering in the amount of $500 million. Security Name: Class A Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Apr 30First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: US$1.12 loss per share (further deteriorated from US$0.35 loss in 1Q 2025). Revenue: US$10.2b (down 6.8% from 1Q 2025). Net loss: US$216.3m (loss widened 353% from 1Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.
ナラティブの更新 • Apr 23GLXY: Broad Platform Breadth And Staking Expansion Will Drive Future UpsideAnalysts have trimmed their average price target for Galaxy Digital by about $2.67 to $39.42 as a series of firms reset expectations, citing updated views on fair value, discount rates and long dated P/E assumptions while keeping core revenue growth and profit margin inputs broadly unchanged. Analyst Commentary Street research on Galaxy Digital has been active, with several firms revisiting their models, price targets and assumptions around risk, growth and complexity.
お知らせ • Apr 16Galaxy Digital Inc. to Report Q1, 2026 Results on Apr 28, 2026Galaxy Digital Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026
お知らせ • Apr 10Galaxy Digital Inc., Annual General Meeting, May 28, 2026Galaxy Digital Inc., Annual General Meeting, May 28, 2026.
Major Estimate Revision • Apr 10Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.294 to -US$0.37 per share. Revenue forecast unchanged at US$47.9b. Capital Markets industry in the US expected to see average net income growth of 15% next year. Consensus price target down from US$42.08 to US$40.33. Share price rose 20% to US$21.15 over the past week.
ナラティブの更新 • Apr 07GLXY: Broad Crypto Platform And Helios Buildout Will Drive Future UpsideGalaxy Digital's updated analyst price target reflects a modest adjustment of fair value to about $42.08, as analysts weigh recent mixed target changes in relation to the company's broad exposure to crypto markets and evolving regulatory clarity. Analyst Commentary Recent research on Galaxy Digital reflects a mix of optimism and caution, with several firms adjusting price targets and one major bank initiating coverage at Neutral.
お知らせ • Apr 01Galaxy Digital Inc. Launches Solana Staking on GalaxyOne PlatformGalaxy Digital Inc. announced that GalaxyOne, a financial technology platform from Galaxy built for U.S. individual investors to manage high-yield cash products, equities, and crypto in a unified experience, has launched Solana ("SOL") staking for eligible clients. The new feature allows clients to earn up to an estimated 6.50% in variable rewards on crypto through staking, with no platform commission through December 31, 2026, allowing users to retain more network-generated rewards. The launch marks an expansion of GalaxyOne's digital asset capabilities, allowing clients participate in blockchain network validation while earning rewards directly within their broader financial portfolio. GalaxyOne Staking is powered by Galaxy's institutional validator infrastructure, which has been one of the largest Solana validator operations globally for several years. Unlike platforms that rely on third-party validators, every staked SOL on GalaxyOne is delegated to Galaxy's validator built to meet institutional standards for reliability, security, and performance — with Galaxy managing the full validator stack. Clients can get started by transferring SOL from an external wallet or purchasing SOL directly on the platform with GalaxyOne Crypto, which offers real-time execution and transparent pricing with no transaction spreads. Once successfully staked, rewards will start to accrue and compound automatically, and are tracked in real time alongside staked balances and full transaction history within a single interface, with integrated tax reporting and access to a dedicated U.S.-based client service team available to connect via in-app, email and by phone. GalaxyOne Staking is available to eligible clients in more than 40 U.S. states and jurisdictions. Existing clients can access staking directly within their GalaxyOne account, or open a new account at galaxy.app. GalaxyOne Staking is not available for clients in CA, LA, MD, NJ, NV, NY, PA, TN, WA, or WI. Availability is subject to change. Eligibility determined at the account level. Reward rate is estimated and not guaranteed. Rewards are variable and may increase or decrease. Actual returns depend on network conditions. Past performance is not indicative of future results. Crypto is not FDIC insured, not SIPC protected, and may lose value. 0% platform commission through December 31, 2026. Platform commission is defined as the fee GalaxyOne charges to access staking on GalaxyOne and applies to Inflation and eligible MEV rewards earned while assets remain actively staked. Validators may retain transaction fees and certain protocol-level rewards associated with block production. Residual MEV rewards that are distributed after your assets are unstaked will not be credited to your account. Network transaction fees for sending and receiving SOL still apply. Staking involves risks, including validator downtime, slash, loss of rewards, and Galaxy cannot guarantee validator performance. Other fees apply.
お知らせ • Mar 25Soter Insure Issues Ethereum-Denominated Slashing Insurance PolicySoter Insure announced the launch of the world's first Ethereum-denominated slashing insurance product. Developed in collaboration with Galaxy Digital, this innovative policy provides a critical safety net for Ethereum validators and institutional stakers. As Ethereum staking becomes a cornerstone of institutional portfolios, 'slashing', or the penalization of a validator for protocol violations, remains a primary technical and operational risk. This penalty is denominated in ETH, while traditionally, insurance for such events was capped in fiat (USD), leaving institutions exposed if the price of ETH surged during the policy period. Soter's new product solves this by denominating both premiums and claims in ETH, ensuring that the protection scales perfectly with the value of the staked assets. The policy provides comprehensive coverage for ETH stakers, covering financial losses from both isolated and network-wide slashing events, settled entirely in native ETH. By settling claims directly in ETH, Soter removes the 'currency risk' associated with currency mismatch. This new slashing product complements Soter's existing suite of BTC-denominated crime policies and traditional fiat-denominated financial lines coverage. By addressing the specific nuances of Proof-of-Stake (PoS) mechanics, Soter is providing the necessary infrastructure for the next wave of institutional ETH adoption. The successful rollout of this product demonstrates that the insurance industry is no longer playing catch-up; it is now building bespoke solutions that enhance the robustness of the entire digital asset ecosystem. The launch of Soter's ETH-denominated slashing product arrives at a critical juncture as major asset managers look to evolve their spot ETH offerings into Staked ETH ETFs. By providing indemnity exclusively in ETH, Soter ensures that any insured slashing penalties are replaced in kind. This native settlement removes the basis risk inherent in fiat-denominated policies, where price fluctuations could prevent a full recovery of the insured principal.
ナラティブの更新 • Mar 24GLXY: Multi Segment Platform And Helios Expansion Will Support Future UpsideAnalysts have nudged the Galaxy Digital fair value estimate modestly higher from $42.00 to $42.25, citing recent price target revisions that balance its broad, complex business mix with potential longer term benefits from clearer regulation and institutional demand. Analyst Commentary Street research around Galaxy Digital has been active, with recent price target moves in both directions as analysts weigh the benefits of the company’s broad business mix against execution risk and market sensitivity.
ナラティブの更新 • Mar 10GLXY: Multi Segment Platform And AI Power Capacity Will Support UpsideThe updated analyst price target for Galaxy Digital has moved modestly lower to $42.00. This reflects recent target trims from firms that are now emphasizing the complexity of the business mix and the potential for the stock to trail simpler crypto plays when markets are driven more by short term narratives rather than steady institutional activity.
ナラティブの更新 • Feb 23GLXY: AI Data Center Expansion Will Support Future Earnings UpsideGalaxy Digital's updated analyst price target edges lower by about $5 to roughly $40, as analysts factor in modest tweaks to the discount rate, profit margin and future P/E expectations following recent Street research updates. Analyst Commentary Recent Street research on Galaxy Digital has centered on fine tuning price targets around the US$40 mark, with several firms updating their models for discount rates, profit margins and forward P/E assumptions.
お知らせ • Feb 09Galaxy 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.
ナラティブの更新 • Feb 07GLXY: AI Data Center Expansion Will Drive Future Earnings UpsideAnalysts have trimmed their fair value estimate for Galaxy Digital to about $43 from roughly $48, citing updated assumptions around revenue growth, discount rates, and expected future P/E multiples reflected in recent price target changes across the Street. Analyst Commentary Recent Street research on Galaxy Digital points to a more cautious stance on valuation, with several price targets revised to reflect updated assumptions around growth, risk, and market multiples.
Recent Insider Transactions • Feb 07Independent Director recently bought US$520k worth of stockOn the 4th of February, Douglas Deason bought around 25k shares on-market at roughly US$20.80 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 US$732k. Despite this recent purchase, insiders have collectively sold US$1.4m more in shares than they bought in the last 12 months.
Price Target Changed • Feb 04Price target decreased by 9.7% to US$43.18Down from US$47.82, the current price target is an average from 11 analysts. New target price is 114% above last closing price of US$20.16. Stock is up 4.2% over the past year.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$26.44, the stock trades at a trailing P/E ratio of 42.7x. Average forward P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 549% over the past three years.
New Risk • Feb 01New major risk - Revenue and earnings growthEarnings 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 Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).
Major Estimate Revision • Jan 28Consensus EPS estimates fall from profit to US$0.12 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -US$0.12 instead of US$0.079 per share profit previously forecast. Revenue forecast unchanged at US$65.2b Capital Markets industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$47.82 unchanged from last update. Share price was steady at US$31.90 over the past week.
ナラティブの更新 • Jan 24GLXY: AI Data Center Buildout And Margin Expansion Will Drive UpsideNarrative Update: Galaxy Digital Analyst Price Target Shift The analyst price target for Galaxy Digital has moved modestly higher to approximately $47.82 from about $47.64, as analysts point to a more favorable discount rate, a sharply higher profit margin assumption of 25.59%, and a materially lower future P/E estimate supported by recent research highlighting the company’s AI data center plans and blockchain enabled investment banking platform. Analyst Commentary Recent Street research on Galaxy Digital focuses on its dual identity as an AI data center developer and a blockchain enabled investment bank, and how effectively the company can turn these platforms into sustainable earnings that support the updated price targets.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 35%After last week's 35% share price gain to US$34.31, the stock trades at a forward P/E ratio of 2760x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 727% over the past three years.
New Risk • Jan 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% 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 12% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).
Major Estimate Revision • Jan 15Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.756 to US$0.591 per share. Revenue forecast steady at US$64.7b. Net income forecast to shrink 35% next year vs 15% growth forecast for Capital Markets industry in the US . Consensus price target of US$47.64 unchanged from last update. Share price rose 25% to US$31.99 over the past week.
お知らせ • Jan 15Galaxy Digital Inc. to Report Q4, 2025 Results on Feb 03, 2026Galaxy Digital Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026
ナラティブの更新 • Jan 10GLXY: AI Data Center Power And Staking Platform Will Drive Next UpsideThe updated analyst price target for Galaxy Digital has moved slightly lower to about US$47.64 from roughly US$47.82 as analysts refine their views around the company’s large high performance computing data center plans and its broader digital asset and investment banking mix in light of recent research highlighting both AI power assets and record quarterly execution. Analyst Commentary Recent Street research on Galaxy Digital centers on two main themes: its potential as a high performance computing, or HPC, power asset owner and developer, and its broader digital asset and investment banking platform.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$26.30, the stock trades at a forward P/E ratio of 193x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 598% over the past three years.
お知らせ • Dec 15Invesco Ltd. and Galaxy Asset Management Announces the Launch of the Invesco Galaxy Solana EtpInvesco 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.
ナラティブの更新 • Dec 15GLXY: High-Performance Data Center Monetization Will Drive Next Phase Of UpsideAnalysts have nudged their price target for Galaxy Digital higher to approximately $47.82 from about $45.91, citing stronger expected revenue growth, improving profitability, and increasing confidence in the company’s combined AI data center and digital assets franchise. Analyst Commentary Bullish analysts frame Galaxy Digital as a differentiated play on the convergence of artificial intelligence infrastructure and digital assets, with recent estimate revisions and price target increases reflecting greater confidence in both earnings power and strategic positioning.
Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$29.45, the stock trades at a forward P/E ratio of 236x. Average forward P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 892% over the past three years.
お知らせ • Dec 05Galaxy 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.
分析記事 • Dec 02Take Care Before Jumping Onto Galaxy Digital Inc. (NASDAQ:GLXY) Even Though It's 29% CheaperGalaxy Digital Inc. ( NASDAQ:GLXY ) shares have retraced a considerable 29% in the last month, reversing a fair amount...
ナラティブの更新 • Nov 28GLXY: Monetizing High-Performance Data Centers Will Fuel Next Wave of UpsideThe analyst price target for Galaxy Digital has been revised slightly downward from $46.73 to $45.91 per share. Analysts cite cautious updates in fair value, discount rate, and growth assumptions, even as recent Street research continues to highlight the company's AI and high-performance data center potential.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$25.57, the stock trades at a forward P/E ratio of 205x. Average forward P/E is 15x in the Capital Markets industry in the US. Total returns to shareholders of 713% over the past three years.
ナラティブの更新 • Nov 14GLXY: Accelerating Demand for AI Data Centers Will Drive Next PhaseGalaxy Digital's analyst price target has been modestly revised downward to $46.73 from $46.90 as analysts weigh robust revenue growth prospects and industry tailwinds against recent declines in profit margin and higher discount rates. Analyst Commentary Recent street research reflects a dynamic outlook for Galaxy Digital, as analysts adjust targets and ratings to account for industry shifts, company execution, and broader AI and data center trends.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$31.17, the stock trades at a forward P/E ratio of 209x. Average forward P/E is 15x in the Capital Markets industry in the US. Total returns to shareholders of 801% over the past three years.
ナラティブの更新 • Oct 31GLXY: Expanding Role In Power Assets Will Drive AI Infrastructure Market LeadershipAnalysts have raised their price target for Galaxy Digital from $37.78 to $46.90. They cite a series of strong quarterly results and optimism about the company's expanding role beyond high-performance computing as key reasons for the upgrade.
New Risk • Oct 26New major risk - Revenue and earnings growthEarnings 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 Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Significant insider selling over the past 3 months (US$28m sold).
New Risk • Oct 22New major risk - Revenue and earnings growthEarnings 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 (US$28m sold).
ナラティブの更新 • Oct 17Digital Asset Adoption And Tokenization Will Expand Market OpportunitiesAnalysts have increased their price target on Galaxy Digital from $36.78 to $37.78. This reflects optimism about the firm's evolving data center strategy and sector-wide benefits from recent AI infrastructure deals.
お知らせ • Oct 11+ 1 more updateGalaxy Digital Inc. announced that it expects to receive $325.000008 million in fundingGalaxy Digital Inc. announced that it has entered into investment agreement with one of the asset managers to issue 9,027,778 class A common shares at an issue price of $36 per share for gross proceeds of $325,000,008 on October 10, 2025. The investment is expected to close on or about October 17, 2025, subject to customary closing conditions, including approval by the Toronto Stock Exchange.
分析記事 • Oct 06Galaxy Digital Inc.'s (NASDAQ:GLXY) Shares Leap 54% Yet They're Still Not Telling The Full StoryGalaxy Digital Inc. ( NASDAQ:GLXY ) shares have continued their recent momentum with a 54% gain in the last month...
お知らせ • Oct 06Galaxy Digital Inc. Launches Galaxyone, Bringing Institutional-Quality Financial Offerings to Individual InvestorsGalaxy 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.
ナラティブの更新 • Oct 03Digital Asset Adoption And Tokenization Will Expand Market OpportunitiesGalaxy Digital's analyst price target has increased from approximately $35.33 to $36.78 per share. This adjustment is driven by analysts' recognition of stronger projected revenue growth and an evolving business strategy, despite a lower profit margin outlook.
Recent Insider Transactions • Sep 16Independent Director recently sold US$994k worth of stockOn the 12th of September, Rhonda Medina sold around 33k shares on-market at roughly US$29.83 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.
Recent Insider Transactions Derivative • Sep 05Independent Director exercised options and sold US$1.4m worth of stockOn the 3rd of September, Rhonda Medina exercised 150.00k options at around US$4.05, then sold 68k of the shares acquired at an average of US$24.50 per share and kept the remainder. Since June 2025, Rhonda has not owned shares directly. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Aug 13Galaxy Digital Inc. (NASDAQ:GLXY) Soars 35% But It's A Story Of Risk Vs RewardGalaxy Digital Inc. ( NASDAQ:GLXY ) shares have had a really impressive month, gaining 35% after a shaky period...
お知らせ • Aug 12Galaxy Digital Inc. Announces Chief Legal Officer ChangesGalaxy 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.
新しいナラティブ • Aug 10Digital Asset Adoption And Tokenization Will Expand Market Opportunities Accelerating institutional adoption and regulatory progress are driving demand for Galaxy's services, unlocking new product offerings and larger client pools for sustained growth.
New Risk • Aug 07New major risk - Financial positionThe 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
Major Estimate Revision • Aug 06Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$58.8b to US$49.8b. EPS estimate unchanged from -US$0.17 per share at last update. Capital Markets industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$33.50 to US$35.25. Share price fell 5.4% to US$27.34 over the past week.
お知らせ • Jul 30Galaxy Digital Inc. Announces the Appointment of Doug Deason to Board of DirectorsGalaxy 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.
Major Estimate Revision • Jul 30Consensus revenue estimates increase by 5,782%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$790.1m to US$46.5b. EPS estimate fell from -US$0.53 to -US$0.558 per share. Capital Markets industry in the US expected to see average net income growth of 15% next year. Consensus price target up from US$30.13 to US$33.50. Share price fell 8.1% to US$26.76 over the past week.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$24.35, the stock trades at a trailing P/E ratio of 51x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 319% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$13.83 per share.
お知らせ • Jul 16Galaxy Digital Inc. to Report Q2, 2025 Results on Aug 05, 2025Galaxy Digital Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$21.90, the stock trades at a trailing P/E ratio of 45.9x. Average forward P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 469% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$14.06 per share.
お知らせ • Jun 23Galaxy Digital Inc.(TSX:GLXY) dropped from S&P Global BMI IndexGalaxy Digital Inc.(TSX:GLXY) dropped from S&P Global BMI Index
Recent Insider Transactions Derivative • Jun 04President & Chief Investment Officer exercised options and sold US$23m worth of stockOn the 29th of May, Christopher Ferraro exercised options to acquire 1m shares at no cost and sold these for an average price of US$18.10 per share. This trade did not impact their existing holding. Since June 2024, Christopher's direct individual holding has increased from 799.06k shares to 1.17m. This was the only transaction from an insider over the last 12 months.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$18.15, the stock trades at a trailing P/E ratio of 30.1x. Average forward P/E is 15x in the Capital Markets industry in the US. Total returns to shareholders of 223% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$12.17 per share.
お知らせ • May 31Galaxy 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
お知らせ • May 30Galaxy 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
お知らせ • May 28Galaxy 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 19Less than half of directors are independentFollowing 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.
