Major crypto stock rises despite $216M in quarterly loss

Galaxy Digital (Nasdaq: GLXY) is simply a crypto-focused fiscal services steadfast founded by billionaire Michael Novogratz.

The institution has invested successful crypto ventures similar 1inch, BlockFi, Eigen Layer, Ethena, Fireblocks, Messari, Polygon, Ramp, TRM Labs, etc.

Related: Magnificent 7, crypto giants to study quarterly net this week

Galaxy Digital reports nonaccomplishment successful Q1

On Apr. 28, Galaxy Digital released the fiscal results for the archetypal 4th of the year.

It reported a nett nonaccomplishment of $216 cardinal and a antagonistic EPS of $0.49, acknowledgment to the 20% depreciation of integer plus prices successful the quarter.

During Q1 2026, the institution held full assets worthy astir $10 billion, including $2.8 cardinal in equity and $2.6 cardinal successful currency and stablecoins.

The 4th ended with astir $5 cardinal successful assets nether absorption and $3.2 cardinal successful assets nether stake.

The company delivered the archetypal information hallway to CoreWeave astatine the Helios information halfway campus, marking the modulation from operation to revenue-generating operations nether the Phase I lease agreement.

During the quarter, Galaxy Digital completed its voluntary delisting from the Toronto Stock Exchange and consolidated its nationalist listing connected Nasdaq arsenic its sole exchange.

Trending connected TheStreet Roundtable:

• U.S. authorities reveals unsocial mode to trim soaring $39T debt

• Researcher uses quantum machine to ace cardinal that protects Bitcoin

• Over 100 crypto firms telephone connected Senate to determination guardant with Clarity Act

The institution besides repurchased 3.2 cardinal shares of its Class A communal banal for $65 cardinal nether the antecedently announced stock repurchase program.

Digital assets generated adjusted gross nett of $49 cardinal during the quarter. The institution said its integer plus trading volumes remained level quarter-over-quarter contempt industry-wide trading volumes sharply declining implicit the aforesaid period.

Following the announcement of the quarterly results, the company's banal was trading astatine $25.55 astatine the clip of writing, up 2% successful a day.

Related: Robinhood suffers phishing effort up of quarterly earnings

This communicative was primitively published by TheStreet connected Apr 28, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.