Filing Flows › Galaxy Digital (GLXY) › Q2 2026 › vs Q1 2026
Galaxy Digital (GLXY) Q2 2026 vs Q1 2026 (quarter over quarter)
Galaxy Digital's revenue fell $1.5B (-15%) from $10.0B in Q1 2026 to $8.6B in Q2 2026.
Galaxy Digital, Q2 2026: revenue $8.6B (-1% year over year), operating margin -1.5%, net loss $85.3M, operating cash flow $372M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $8.6B | $10.0B | −$1.5B | -15% |
| Income tax benefit | $42.9M | $18.2M | $24.6M | +135% |
| Net loss | $85.3M | $216M | −$131M | -61% |
| Costs & expenses | $8.7B | $10.3B | −$1.6B | -15% |
| Operating costs | $8.7B | $10.3B | −$1.6B | -15% |
| Sales & marketing | $8.4B | $10.0B | −$1.5B | -15% |
| General & admin | $18.8M | $20.4M | −$1.7M | -8% |
| Other operating costs | $227M | $284M | −$57.0M | -20% |
| Operating cash sources | $457M | $133M | $324M | +244% |
| Depreciation & amortization | $9.2M | $5.8M | $3.3M | +57% |
| Share-based compensation | $16.2M | $18.4M | −$2.2M | -12% |
| Working capital & other | $432M | $109M | $323M | +297% |
| Net loss absorbed | $85.3M | $216M | −$131M | -61% |
| Operating cash flow | $372M | −$83.3M | $455M | — |
| Capital expenditures | $399M | $338M | $60.9M | +18% |
| Negative free cash flow (OCF − capex) | $26.8M | $421M | −$394M | -94% |
Questions
How much did Galaxy Digital's revenue grow quarter over quarter in Q2 2026?
Galaxy Digital's revenue fell $1.5B (-15%) from $10.0B in Q1 2026 to $8.6B in Q2 2026.