Galaxy Digital Inc.: Beat — EPS $0.83, Revenue $8.69B
Earnings BeatQ3 2026 · Pre-market
Did Galaxy Digital Inc. (GLXY) beat earnings today?
Yes, Galaxy Digital Inc. (GLXY) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+315.00% surprise
$0.83Actual
Expected: $0.20
vs. year ago -25.9%
Total Revenue+0.09% surprise
$8.69BActual
Expected: $8.68B
vs. year ago -70.3%
Released Oct 27 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $8.06B | $28.40B | -71.6 |
| Revenue detail — reported lines | |||
| └─Data center leasing revenue | $79.07M | - | - |
| Net income | $322.77M | $505.06M | -36.1 |
| GAAP Basic EPS | $0.80 | $1.19 | -32.8 |
| GAAP Diluted EPS | $0.66 | $1.01 | -34.7 |
| Adjusted EPS | $0.83 | $1.12 | -25.9 |
Business Highlights
- ➤Digital asset trading volumes grew 12% quarter-over-quarter, outperforming the broader spot market.
- ➤Launched the Galaxy Sharplink Onchain Yield Fund for institutional DeFi liquidity and onchain-yield strategies.
- ➤Entered a multi-year agreement with BNY supporting staking on its Digital Asset Custody platform.
- ➤Serves as a design partner for BNY’s digital asset platform infrastructure.
- ➤Completed delivery of all 133 MW of Helios I Phase I critical IT load to CoreWeave.
- ➤Helios I Phase II is fully financed and under construction, progressing on schedule and within budget.
- ➤Data hall deliveries for Helios I Phase II are scheduled to begin in Q2 2027.
- ➤Advanced prospective-tenant discussions for 830 MW of approved Helios II capacity not under lease.
- ➤Expanded total gross power pipeline to more than 5.7 GW.
- ➤Completed a $3.5 billion senior secured notes offering to fund Helios I Phase II.
- ➤Repurchased approximately 9.8 million shares under the February 2026 program.
- ➤Board authorized an additional $200 million Class A share repurchase program.
Management Commentary
Mike Novogratz, Founder and Chief Executive Officer
“Galaxy delivered a strong third quarter, reflecting the strength of our established Digital Assets franchise, significant appreciation across our investments portfolio, and the growing contribution from our Data Centers business. Our strategy is centered on two significant opportunities in the global economy: the modernization of financial markets through digital assets and the expansion of AI infrastructure. The progress we're making across both businesses is strengthening and diversifying our earnings profile, while positioning Galaxy to capitalize on substantial growth opportunities. We remain focused on disciplined execution and creating long-term value for our shareholders,”