Sales up 41.8%, free cash flow down to -$1.5B
The latest figures
All key numbers (29) From EDGAR
| EPS (ttm) | - | Sales (ttm) | 37.0B | Net income (ttm) | -460.5M | Sales growth | +41.8% | EPS growth | - | Sales Q/Q | -71.6% |
| Free cash flow | -2.1B | Gross margin | - | Oper. margin | - | Net margin | -1.2% | FCF margin | -5.8% | ROE | -24.1% |
| ROA | -2.8% | R&D / sales | - | Dividend | - | Debt/Eq | 3.53 | Curr. ratio | 1.70 | Cash | 1.3B |
| Op. cash flow (ttm) | -361.0M | Net debt | 5.4B | Quick ratio | 1.70 | Stock pay / sales | 0.1% | Shares out. | 255.7M | Shares Y/Y | +2.7% |
| Book / share | 7.49 | Cash / share | 5.18 | Sales / share | 144.79 | Asset turnover | 2.26 | Days sales out. | 0 |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Debt rose 239%$845.2M → $2.9B · Short-term + long-term debt at year end
-
Revenue growth sped up to +41.8%-17.5% → +41.8% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
-
Net income turned to a loss$346.7M → −$241.3M · Net income attributable to the company · 10-K ↗
GLXY against Crypto peers
Ten years, side by side → · All 32 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 32 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| GLXY Galaxy Digital | $37.0B | +41.8% | - | -1.2% | -24.1% | -5.8% | 3.53 |
| GME GameStop | $3.6B | -5.1% | 37.9% | 25.2% | 14.5% | 19.4% | 0.68 |
| CRCL Circle Internet Group | $3.0B | +63.9% | - | 15.3% | 12.0% | 24.4% | - |
| BKKT Bakkt | $2.3B | -32.1% | - | -0.1% | -0.5% | - | - |
| MARA MARA Holdings | $716.0M | +38.2% | - | -411.2% | -125.1% | -170.1% | 1.28 |
| FIGR Figure Technology Solutions | $708.9M | +48.7% | - | 33.5% | 16.8% | - | 0.68 |
Profitability
1 of 3- ✓Net margin above the peer median-1.2% vs -169.8%
- !Return on equity below 15%-24.1%
- !A profit in 2 of 3 years
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
$- of principal due
From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.
Revenue and net income, FY2023 to FY2025
Revenue 60.4B Net income -241.3MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $60.2B of revenue came from
by product, year to Dec 31, 2025- Digital assets sales $59.9B · 99%
- Blockchain rewards $219.9M · 0%
- Fees $158.6M · 0%
- Proprietary mining $14.5M · 0%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
GLXY's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by business segment
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Digital Assets | 60.3B | 99.7% | +42.1% |
| Data Centers | 0 | 0.0% | - |
| Treasury And Corporate | -11.5M | 0.0% | -112% |
10-K 0001859392-26-000016, segment and revenue notes (XBRL).
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Digital assets sales | 59.9B | 99.1% | +42.0% |
| Blockchain rewards | 219.9M | 0.4% | +21.6% |
| Fees | 158.6M | 0.3% | +53.7% |
| Proprietary mining | 14.5M | 0.0% | -77.1% |
10-K 0001859392-26-000016, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2023 | FY2024 | FY2025 | |
|---|---|---|---|
| Revenue | 51.6B | 42.6B | 60.4B |
| SG&A | 58.4M | 279.3M | 182.9M |
| Interest expense | 27.3M | 30.8M | 59.2M |
| Pretax income | 244.4M | 329.8M | -270.7M |
| Income tax | 15.9M | -16.9M | -29.3M |
| Net income | 228.5M | 346.7M | -241.3M |
| Diluted shares | 326.0M | 356.7M | 366.5M |
| Depreciation & amortization | 22.9M | 46.9M | 34.1M |
| Net margin | 0.4% | 0.8% | -0.4% |
| Revenue growth | - | -17.5% | +41.8% |
Balance sheet
From EDGAR| FY2023 | FY2024 | FY2025 | |
|---|---|---|---|
| Cash | 316.6M | 462.1M | 1.2B |
| Short-term investments | - | 834.8M | 709.1M |
| Receivables | - | 55.3M | 34.0M |
| Current assets | - | 5.9B | 8.5B |
| Property & equipment | - | 237.0M | 1.4B |
| Goodwill | 44.3M | 58.0M | 66.5M |
| Total assets | - | 7.1B | 11.3B |
| Accounts payable | - | 6.9M | 17.6M |
| Current liabilities | - | 3.9B | 5.3B |
| Total debt | - | 845.2M | 2.9B |
| Total liabilities | - | 4.9B | 8.3B |
| Shareholders' equity | 3K | 2.2B | 2.0B |
| Retained earnings | - | 0 | 342.9M |
Cash flow
From EDGARStock-based pay and leases
From EDGARFrom SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.