Galaxy Reports Full-Year Net Loss of $241 Million, Core Business Achieves Profitability

Odaily News Galaxy Digital's annual report shows the company recorded a net loss of approximately $241 million for the full year, primarily impacted by unrealized losses on digital asset and investment positions.

Adjusted data indicates the company achieved earnings before interest, taxes, depreciation, and amortization (EBITDA) of around $216 million, with its core operating business achieving profitability under non-GAAP accounting standards. Among these, the digital asset business, covering trading, lending, asset management, and staking services, reported adjusted gross profit of approximately $505 million. Following the earnings release, the company's stock price rose over 11%. (The Block)