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Galaxy Digital Reports $241 Million Annual Net Loss Due to Unrealized Losses in Digital Assets and Investments

On April 10, Galaxy Digital released its annual report, revealing a net loss of approximately $241 million for the year, primarily impacted by unrealized losses in digital assets and investment positions. Adjusted figures show that the company recorded an EBITDA of about $216 million, with core operating business achieving profitability under non-GAAP standards. The digital asset business, which includes trading, lending, asset management, and staking services, reported an adjusted gross profit of approximately $505 million. Following the earnings report, the company's stock price rose by over 11%.

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