Galaxy Digital posts $482M Q4 loss, shares fall 6%

Galaxy Digital posted a $482M Q4 2025 loss, mainly from falling crypto prices and one-time costs. Shares dropped 6%, but cash reserves and data center capacity grew.

Galaxy Digital reported a significant net loss of $482 million for Q4 2025, surpassing analyst expectations and causing its stock to fall over 6% in pre-market trading. The loss was mainly due to declining cryptocurrency prices, especially in major assets like Bitcoin and Ethereum, as well as one-time expenses from operational restructuring and technology investments. Trading volumes dropped by about 40% compared to the previous quarter, reflecting broader market weakness. Despite these challenges, Galaxy Digital increased its cash and stablecoin reserves by 36% to $2.6 billion and recorded net inflows of $2 billion, closing the year with $12 billion in assets under management. The company also expanded its AI data center business, doubling capacity and forming new strategic partnerships. Although its valuation fell from $16 billion to $9.3 billion, management highlighted ongoing growth in trading, asset management, and infrastructure, emphasizing resilience amid sector volatility.