Galaxy Digital Stock Jumps 5% Despite $216 Million Q1 Loss

Galaxy Digital (GLXY) posted a Q1 2026 net loss of $216 million. Yet shares flashed green, signaling investors were looking past crypto-driven drawdowns.

The result narrowed sharply from a $482 million net loss in Q4 2025. Galaxy also delivered its first data hall to CoreWeave. This marks a key milestone as the project shifts from the construction phase to revenue-generating operations.

Galaxy Digital (GLXY) Stock Rises 5% After Q1 Loss

GLXY shares climbed 5.23% to close at $26.36 on April 28, with another 1% added in after-hours trading, according to Google Finance.

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Meanwhile, the firm said its $216 million net loss, alongside diluted and adjusted earnings per share of negative $0.49, largely reflected a roughly 20% contraction in the total cryptocurrency market capitalization during the first quarter.

Its Treasury and Corporate alone posted an adjusted gross loss of $140 million and an adjusted EBITDA loss of $167 million. Overall, the company’s adjusted EBITDA loss narrowed to $188 million from $518 million in the previous quarter. 

Digital Assets reported $49 million in adjusted gross profit. At the same time, its adjusted EBITDA came in at a loss of $19 million.

“Despite the pullback in digital asset prices and activity, adjusted gross profit remained broadly stable, reflecting a shift in the business mix as recurring fee revenue and transaction income continue to scale and provide greater resilience in softer market conditions,” the press release read.

Global Markets saw gross profit rise 3% quarter over quarter to $31 million. Asset Management and Infrastructure Solutions also contributed $18 million in adjusted gross profit during the first quarter of 2026.

The firm ended the period with approximately $5.0 billion in assets under management and $3.2 billion in staked assets, marking a decline driven by asset depreciation.

Despite the broader market downturn, the segment recorded $69 million in net inflows during the quarter. This signalled continued organic growth.

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