GLXY Stock Price Falls as Mike Novogratz’s Galaxy Digital Reports $482 Million Q4 Loss

GLXY stock price fell as Galaxy Digital disclosed a $482 million fourth-quarter loss. The decline today follows the earnings release. Mike Novogratz’s Galaxy Digital reported losses driven by digital asset depreciation during a weak crypto quarter.

GLXY Stock Price Drops Despite Crypto Equity Rebound

At the time of writing, GLXY stock price traded at $23.91, a decline of 9.59% in the past 24 hours, according to Yahoo Finance data. The stock traded at $24.94 pre-market, down 5.67% from the previous close. The dips are despite gains across several crypto-linked equities during the broader market rebound.

Source: Yahoo Finance 

Notably, Galaxy Digital’s stock shares are now well below the yearly high of $45.92. The crypto stock’s day range is between $23.79 and $25.96, while the 52-week range is from $8.20 to $45.92. Meanwhile, Galaxy Digital’s market cap declined to $9.48 billion, with average daily trading volume at 6.16 million shares.

Galaxy Digital Reports $482 Million Q4 Loss

Galaxy Digital reported a Q4 2025 net loss of $482 million, with diluted earnings per share at $(1.08). The company attributed the loss primarily to digital asset price declines during the quarter. Total crypto market cap fell roughly 24% during the same period, impacting asset valuations.

For the full year 2025, Galaxy Digital posted a net loss of $241 million. The annual loss included approximately $160 million in one-time costs tied to reorganization activities. These costs also covered bitcoin mining infrastructure and exchangeable note-related adjustments.

However, Galaxy Digital reported a full-year adjusted gross profit of $426 million. Adjusted EBITDA for 2025 reached $34 million, reflecting operational contributions across business lines. As of December 31, 2025, total equity stood at $3.0 billion, supported by $2.6 billion in cash holdings.

By the end of Q4 2025, Galaxy reported $6.4 billion in assets under management and $5.0 billion in assets under stake. These balances declined quarter-over-quarter due to digital asset price depreciation. Total assets rose about 59% year-over-year, while cash and stablecoin holdings increased 168% from the prior year. The Treasury and Corporate segment maintained diversified exposure across spot assets, ETFs, equities, venture holdings, and private investments.

Trading, Asset Management, and Data Center Updates

Global Markets delivered record adjusted gross profit, despite lower Q4 trading volumes. Trading volumes fell about 40% quarter-over-quarter after a record third quarter. That earlier quarter included a $9 billion notional bitcoin transaction, according to company data.

Asset Management and Infrastructure Solutions ended 2025 with $12 billion in platform assets. The segment recorded $2.0 billion in net inflows, representing 34% organic growth. Galaxy also expanded staking services through five new custodian integrations during the year.

Additionally, the company executed 800 megawatts of long-term data center agreements with CoreWeave. In January 2026, the company received ERCOT approval for 830 additional megawatts at its Helios site. As part of futures plans, CoinGape earlier reported that Galaxy Digital has raised $100 million to launch a crypto hedge fund. 

Meanwhile, the company revealed in its earnings release that it strengthened its balance sheet during 2025 through $325 million in equity capital and a $1.3 billion exchangeable senior notes offering. Earlier in the year, the firm completed its reorganization and domestication as a Delaware-incorporated entity and began trading on Nasdaq.