Galaxy Digital Q1 posts net loss as digital asset price decline

Galaxy Digital

28/04/2026 12:14

Overview

US digital assets and data center operator posted Q1 net loss as digital asset prices fell

Adjusted EPS for Q1 was negative, reflecting market-driven losses

Company repurchased 3.2 mln shares for $65 mln during the quarter

Outlook

Galaxy expects Data Centers adjusted gross profit and adjusted EBITDA to ramp in Q2 2026

Company remains on schedule to deliver 133MW of critical IT load by end of Q2 2026

Phase II data hall deliveries at Helios expected to commence in first half of 2027

Result Drivers

DIGITAL ASSET PRICE DECLINE - Co said Q1 net loss and negative adjusted EPS were driven primarily by depreciation of digital asset prices

UNREALIZED LOSSES - Treasury & Corporate segment results were negatively affected by unrealized losses on digital assets and investments

EXPENSE MANAGEMENT - Disciplined expense management helped narrow adjusted EBITDA loss in a challenging market

Company press release: ID:nCNW7JLGLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
-$0.49
Q1 Net Income
-$216 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for Galaxy Digital Inc is $48.00, about 91.6% above its April 27 closing price of $25.05

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)