Filing Flows › Galaxy Digital (GLXY) › Q2 2026 › vs Q2 2025
Galaxy Digital (GLXY) Q2 2026 vs Q2 2025 (year over year)
Galaxy Digital's revenue fell $104M (-1%) from $8.7B in Q2 2025 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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $8.6B | $8.7B | −$104M | -1% |
| Income tax benefit | $42.9M | −$11.5M | $54.3M | — |
| Net loss | $85.3M | −$30.7M | $116M | — |
| Costs & expenses | $8.7B | $8.7B | $24.0M | +0.3% |
| Operating costs | $8.7B | $8.6B | $66.1M | +0.8% |
| Sales & marketing | $8.4B | $8.5B | −$107M | -1% |
| General & admin | $18.8M | $11.8M | $7.0M | +59% |
| Other operating costs | $227M | $60.8M | $166M | +274% |
| Operating cash sources | $457M | $139M | $318M | +229% |
| Depreciation & amortization | $9.2M | $7.5M | $1.7M | +23% |
| Share-based compensation | $16.2M | $13.9M | $2.3M | +17% |
| Working capital & other | $432M | $118M | $314M | +266% |
| Net loss absorbed | $85.3M | −$30.7M | $116M | — |
| Operating cash flow | $372M | $170M | $202M | +119% |
| Capital expenditures | $399M | $305M | $94.0M | +31% |
| Negative free cash flow (OCF − capex) | $26.8M | $135M | −$108M | -80% |
Questions
How much did Galaxy Digital's revenue grow year over year in Q2 2026?
Galaxy Digital's revenue fell $104M (-1%) from $8.7B in Q2 2025 to $8.6B in Q2 2026.