On October 27, Galaxy Digital (Nasdaq: GLXY) submitted an 8-K to the U.S. Securities and Exchange Commission and released its Q3 2026 performance: for the quarter ending September 30, the net profit was $323 million, with a diluted earnings per share of $0.66 and an adjusted earnings per share of $0.83, compared to a net loss of $85 million in the second quarter; adjusted gross profit was $569 million, and adjusted EBITDA was $455 million (compared to a negative $77 million in the second quarter). Total assets at the end of the period were $16.4 billion, a 51% increase quarter-over-quarter; total equity was $3 billion, a 10% increase; cash, stablecoins, and U.S. Treasury bills totaled $4.9 billion, a 99% increase; net digital assets and investments reached $1.7 billion, a 48% increase. Year-to-date, the company has repurchased 9.8 million shares, and the board has approved an additional $200 million repurchase authorization. The company stated that the total power pipeline for its data centers has exceeded 5.7 GW and completed the issuance of $3.5 billion in senior secured notes for the construction of Helios I Phase II.
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Galaxy Reports Q3 Net Profit of $323 Million, Turning from Loss to Profit
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U.S. Stock Market Opens Higher, SK Hynix Rises Over 2%
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