Filing Flows › Galaxy Digital (GLXY) › Q2 2026
Galaxy Digital (GLXY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Galaxy Digital (GLXY) reported revenue of $8.6B for the second quarter 2026 (Q2 2026), -1% from a year earlier and -15% from the quarter before. Operating margin was -1.5%, net loss $85.3M (1.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6B | -15% | -1% |
| Operating profit | −$128M | — | -404% |
| Net earnings | −$85.3M | — | -378% |
| Operating cash flow | $372M | — | +119% |
What changed
Revenue was $8.6B in Q2 2026, down 1% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $0.13B, an operating margin of -1.5%. Total costs grew 1% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+274%). The quarter ended with a net loss of $0.09B, narrower than the previous quarter's $0.22B loss.
Operating cash flow was $0.37B (up 119% year over year). Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.43B. Capital expenditures of $0.40B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Galaxy Digital's revenue in the second quarter 2026?
Galaxy Digital (GLXY) reported revenue of $8.6B for the second quarter 2026 (Q2 2026), -1% from a year earlier and -15% from the quarter before.
Was Galaxy Digital profitable in the second quarter 2026?
Operating loss was $128M (-1.5% of revenue) and net loss $85.3M.
Source: Galaxy Digital 10-Q on SEC EDGAR.