Galaxy Digital (NASDAQ: GLXY) generate net income of $505 million in the Q3 2025, translating to $1.01 diluted earnings per share. The company posted $629 million in adjusted EBITDA, driven by record performance in its Digital Assets operating business and strong gains on investment positions.
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Digital asset trading volumes jumped 140% quarter-over-quarter, underpinned by heightened spot and derivatives activity, generating $318 million adjusted gross profit and $250 million of adjusted EBITDA in for Galaxy’s Global Markets business.
Galaxy’s Asset Management and Infrastructure Solutions arm generated $23 million of adjusted gross profit, as AUM climbed to nearly $9 billion, and its Treasury and Corporate division produced $408 million of adjusted gross profit and $376 million of adjusted EBITDA from gains across its crypto and investment portfolios.
Total assets on the platform reached an all-time high of approximately $17 billion at quarter end, while total equity advanced 21% to $3.2 billion and cash and stablecoin holdings grew 62% quarter-over-quarter to $1.9 billion.
Galaxy also executed a lease agreement with CoreWeave (CRWV) for Phase II of its Helios data center development, securing the full 800 MW of approved power capacity, and arranged a $1.4 billion project financing facility to fully fund the $1.7 billion Phase I build.
On the corporate front, Galaxy launched GalaxyOne, a unified financial technology platform for U.S. retail investors, and secured a $460 million equity infusion from a leading asset manager, netting $325 million to accelerate its Helios build-out. The company expects Data Centers to remain immaterial to profitability until the first half of 2026, when Phase I of its CoreWeave lease begins delivering critical IT capacity and generating revenue.
Read More: Galaxy Digital secures $460 million equity investment at $36 per share
At time of publication, GLXY is up 10% during pre-market hours.
