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How Galaxy Digital (GLXY) makes money
Galaxy Digital (GLXY) made $8.1B of revenue in the third quarter 2026 (Q3 2026), -72% from a year earlier. Of every dollar of revenue, 4¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $8.1B | 100.0% |
| Operating profit | $344M | 4.3% |
| Income tax | $21.5M | 0.3% |
| Net earnings | $151M | 1.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $8.1B | -72% |
| Q2 2026 | $8.6B | -1% |
| Q1 2026 | $10.0B | -23% |
| Q4 2025 | $10.4B | -34% |
| Q3 2025 | $28.4B | +231% |
| Q2 2025 | $8.7B | -2% |
From Galaxy Digital's 8-K filed Oct 27, 2026 (on EDGAR).
Questions
How does Galaxy Digital make money?
Galaxy Digital (GLXY) made $8.1B of revenue in the third quarter 2026 (Q3 2026), -72% from a year earlier. Of every dollar of revenue, 4¢ was left as operating profit, 2¢ was left as net earnings.
What is Galaxy Digital's profit margin?
Net earnings were $151M, 1.9% of revenue, in the third quarter 2026; the operating margin was 4.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.