Galaxy Reports Q1 Earnings: Net Loss of $216 Million Amid Crypto Market Downturn

Odaily Planet Daily News Galaxy Digital released its Q1 2026 financial report, showing a net loss of $216 million for the quarter, impacted by the downturn in the crypto asset market during the period. Diluted and adjusted loss per share was $0.49, while adjusted gross loss was $88 million, and adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital's total equity was $2.8 billion, holding $2.6 billion in cash and stablecoins.

In its digital asset business, Galaxy's assets under management (AUM) reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum ETF, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy delivered the first data hall of its Helios data center to CoreWeave, officially commencing revenue recognition, and expects to complete the delivery of the initial 133-megawatt critical IT load by the end of Q2 2026. (PRNewswire)