(GLXY) Galaxy Digital Holdings - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 11.545m USD | Total Return: 17.1% in 12m
Avg Turnover: 145M
Warnings
Share dilution 50.1% YoY
Choppy Below Avwap Earnings
Tailwinds
Confidence
Galaxy Digital Holdings Ltd (GLXY) is a diversified financial services firm operating at the intersection of traditional finance and the digital asset ecosystem. The company maintains three primary segments: Digital Assets, which handles institutional trading, advisory, and blockchain infrastructure; Data Centers, focusing on high-performance computing assets like the Helios facility; and Treasury and Corporate, which manages internal investment portfolios and bitcoin mining operations.
The company utilizes a vertically integrated business model, capturing value through both service-based fees in its investment banking arm and direct exposure to digital asset price volatility through its proprietary mining and venture capital holdings. This structure is typical of the emerging Digital Asset Management sector, where firms often combine capital markets expertise with physical infrastructure to hedge against cyclical crypto market trends. Investors may find it useful to evaluate deeper performance metrics on ValueRay before making a decision. Galaxy Digital also targets the retail sector through GalaxyOne, a platform designed to bridge the gap between legacy financial markets and decentralized finance.
- Bitcoin price volatility directly impacts principal investment portfolio and mining revenue
- Institutional adoption of digital assets drives trading and investment banking volume
- Expansion of Helios data center capacity increases self-mining and hosting margins
- Regulatory clarity regarding institutional crypto services influences long-term valuation multiples
- Net interest income fluctuates based on crypto lending demand and yield spreads
| Net Income: -66.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.20 > 0.02 and ΔFCF/TA -23.19 > 1.0 |
| NWC/Revenue: 4.86% < 20% (prev 3.39%; Δ 1.47% < -1%) |
| CFO/TA -0.05 > 3% & CFO -523.0m > Net Income -66.9m |
| Net Debt (2.16b) to EBITDA (933.2m): 2.31 < 3 |
| Current Ratio: 1.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (192.1m) vs 12m ago 50.05% < -2% |
| Gross Margin: 2.45% > 18% (prev 0.02%; Δ 243.7% > 0.5%) |
| Asset Turnover: 719.2% > 50% (prev 740.3%; Δ -21.12% > 0%) |
| Interest Coverage Ratio: 14.45 > 6 (EBITDA TTM 933.2m / Interest Expense TTM 62.8m) |
| A: 0.29 (Total Current Assets 6.94b - Total Current Liabilities 4.08b) / Total Assets 9.99b |
| B: 0.03 (Retained Earnings 250.8m / Total Assets 9.99b) |
| C: 0.11 (EBIT TTM 906.9m / Avg Total Assets 8.16b) |
| D: 0.03 (Book Value of Equity 251.2m / Total Liabilities 7.21b) |
| Altman-Z'' = 2.74 = A |
| DSRI: 0.79 (Receivables 730.8m/739.8m, Revenue 58.7b/46.9b) |
| GMI: 0.68 (GM 2.45% / 1.68%) |
| AQI: 0.82 (AQ_t 0.13 / AQ_t-1 0.15) |
| SGI: 1.25 (Revenue 58.7b / 46.9b) |
| TATA: 0.05 (NI -66.9m - CFO -523.0m) / TA 9.99b) |
| Beneish M = -3.36 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 29.57 with a total of 4,176,263 shares traded.
Over the past week, the price has changed by -3.24%,
over one month by +6.90%,
over three months by +40.86% and
over the past year by +17.13%.
Galaxy Digital Holdings has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy GLXY.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.9 | 41.8% |
P/S = 0.1966
P/B = 3.2044
Revenue TTM = 58.7b USD
EBIT TTM = 906.9m USD
EBITDA TTM = 933.2m USD
Long Term Debt = 2.49b USD (from longTermDebt, last fiscal year)
Short Term Debt = 432.7m USD (from shortTermDebt, last quarter)
Debt = 3.07b USD (from shortLongTermDebtTotal, last quarter) + Leases 8.64m
Net Debt = 2.16b USD (calculated: Debt 3.07b - CCE 910.7m)
Enterprise Value = 13.7b USD (11.5b + Debt 3.07b - CCE 910.7m)
Interest Coverage Ratio = 14.45 (Ebit TTM 906.9m / Interest Expense TTM 62.8m)
EV/FCF = -6.95x (Enterprise Value 13.7b / FCF TTM -1.97b)
FCF Yield = -14.39% (FCF TTM -1.97b / Enterprise Value 13.7b)
FCF Margin = -3.36% (FCF TTM -1.97b / Revenue TTM 58.7b)
Net Margin = -0.11% (Net Income TTM -66.9m / Revenue TTM 58.7b)
Gross Margin = 2.45% ((Revenue TTM 58.7b - Cost of Revenue TTM 57.3b) / Revenue TTM)
Gross Margin QoQ = 1.87% (prev -0.87%)
Tobins Q-Ratio = 1.37 (Enterprise Value 13.7b / Total Assets 9.99b)
Interest Expense / Debt = 2.05% (Interest Expense 62.8m / Debt 3.07b)
Taxrate = 21.0% (US default 21%)
NOPAT = 716.4m (EBIT 906.9m * (1 - 21.00%))
Current Ratio = 1.70 (Total Current Assets 6.94b / Total Current Liabilities 4.08b)
Debt / Equity = 1.69 (Debt 3.07b / totalStockholderEquity, last quarter 1.81b)
Debt / EBITDA = 2.31 (Net Debt 2.16b / EBITDA 933.2m)
Debt / FCF = -1.09 (negative FCF - burning cash) (Net Debt 2.16b / FCF TTM -1.97b)
Total Stockholder Equity = 1.79b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.82% (Net Income -66.9m / Total Assets 9.99b)
RoE = -3.73% (Net Income TTM -66.9m / Total Stockholder Equity 1.79b)
RoCE = 21.19% (EBIT 906.9m / Capital Employed (Equity 1.79b + L.T.Debt 2.49b))
RoIC = 12.97% (NOPAT 716.4m / Invested Capital 5.52b)
WACC = 15.46% (E(11.5b)/V(14.6b) * Re(19.14%) + D(3.07b)/V(14.6b) * Rd(2.05%) * (1-Tc(0.21)))
Discount Rate = 19.14% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 73.33 | Cagr: 20.17%
[DCF] Fair Price = unknown (Cash Flow -1.97b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.82 | # QB: 0
Revenue Correlation: 51.07 | Revenue CAGR: 9.02% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=+40% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.06 | Chg30d=-9.76% | Revisions=+33% | Analysts=12
EPS current Year (2026-12-31): EPS=-0.29 | Chg30d=+22.74% | Revisions=+11% | GrowthEPS=+52.0% | GrowthRev=-24.1%
EPS next Year (2027-12-31): EPS=0.11 | Chg30d=-80.83% | Revisions=-25% | GrowthEPS=+205.7% | GrowthRev=+23.5%
[Analyst] Revisions Ratio: +40%