GLXY Stock Analysis: Galaxy Digital Holdings | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 9.588m USD | 12M Return: 25.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 248M
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Galaxy Digital Inc. (NASDAQ: GLXY) is a U.S.-headquartered financial services company operating across three segments: Digital Assets, Data Centers, and Treasury and Corporate. Founded in 2018 and listed on NASDAQ in May 2025, it is classified within the Financials sector, specifically in Asset Management & Custody Banks.
The Digital Assets segment is the core business, offering OTC spot and derivatives trading, lending, structured products, M&A advisory, and capital markets services, alongside blockchain infrastructure such as staking, tokenization, and custodial technology. The Data Centers segment houses the Helios infrastructure assets, reflecting a growing focus on supporting compute-intensive digital asset operations such as Bitcoin mining and AI workloads. The Treasury and Corporate segment manages the firms own portfolio of digital assets, ventures, private equity, and fund investments, including Bitcoin mining operations.
Galaxy also operates GalaxyOne, a retail-focused fintech platform that provides individual investors access to both traditional and digital markets. The companys business model combines institutional crypto financial services with proprietary infrastructure investment, positioning it as a vertically integrated player in the digital asset ecosystem.
- Crypto trading volumes lift Digital Assets segment revenue
- Helios data center secures AI hyperscaler power contracts
- Bitcoin price swings hit mining and treasury holdings
| 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 1.68%; Δ 0.78% > 0.5%) |
| Asset Turnover: 719.2% > 50% (prev 740.3%; Δ -21.12% > 0%) |
| Interest Coverage Ratio: 14.45 > 6 (EBIT TTM 906.9m / 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: 0.25 (Book Value of Equity 1.81b / Total Liabilities 7.21b) |
| Altman-Z'' = 2.97 = A |
| DSRI: 0.79 (Receivables 730.8m/739.8m, Revenue 58.7b/46.9b) |
| GMI: 0.68 (GM 1.68% / 2.45%) |
| 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 = -3.41 (Cap -4..+1) = AA |
As of July 08, 2026, the stock is trading at USD 24.73 with a total of 9,418,123 shares traded. Over the past week, the price has changed by -13.32%, over one month by -18.94%, over three months by +32.74% and over the past year by +25.60%.
Current recommended Stop Loss: 21.10 (which is 14.7% or 1.4 ATR below the current price).
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 | 41.5 | 67.8% |
P/E Forward = 666.6667
P/S = 0.1633
P/B = 2.5991
Revenue TTM = 58.7b USD
EBIT TTM = 906.9m USD
EBITDA TTM = 933.2m USD
Long Term Debt = 2.68b USD (from longTermDebt, last quarter)
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 = 11.7b USD (9.59b + Debt 3.07b - CCE 910.7m)
Interest Coverage Ratio = 14.45 (Ebit TTM 906.9m / Interest Expense TTM 62.8m)
EV/FCF = -5.96x (Enterprise Value 11.7b / FCF TTM -1.97b)
FCF Yield = -16.79% (FCF TTM -1.97b / Enterprise Value 11.7b)
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 = 1.18 (Enterprise Value 11.7b / Total Assets 9.99b)
Interest Expense / Debt = 2.05% (Interest Expense 62.8m / Debt 3.07b)
Taxrate = 21.0% (US federal 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 = 20.27% (EBIT 906.9m / Capital Employed (Equity 1.79b + L.T.Debt 2.68b))
RoIC = 13.20% (NOPAT 716.4m / Invested Capital 5.43b)
WACC = 14.48% (E(9.59b)/V(12.7b) * Re(18.60%) + D(3.07b)/V(12.7b) * Rd(2.05%) * (1-Tc(0.21)))
Discount Rate = 18.60% (= 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: 0.84 | # QB: 0
Revenue Correlation: 51.07 | Revenue CAGR: 9.02% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.05 | Chg30d=N/A | Revisions=-50% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.07 | Chg30d=-1.21% | Revisions=+50% | Analysts=12
EPS current Year (2026-12-31): EPS=-0.29 | Chg30d=-8.96% | Revisions=-17% | GrowthEPS=+53.0% | GrowthRev=-23.9%
EPS next Year (2027-12-31): EPS=0.06 | Chg30d=-39.17% | Revisions=+0% | GrowthEPS=+198.2% | GrowthRev=+23.0%
[Analyst] Revisions Ratio: +5% (up=10, down=9)