Galaxy Digital Reports $569 Million in Adjusted Gross…
By Abdelaziz Fathi
AI summary of the source article
Galaxy Digital returned to profitability in Q3 2026, reporting $323 million in net income and $569 million in adjusted gross profit, driven by investment gains and AI data centers. The firm also authorized a new $200 million share buyback.
Why it matters
Their relative contributions matter because the sustainability of Galaxy's earnings depends on how much profit comes from recurring operations rather than changes in asset values.
Key facts
- Galaxy Digital reported Q3 2026 net income of $323 million, adjusted gross profit of $569 million, and adjusted EBITDA of $455 million.
- The board authorized an additional $200 million share repurchase program following the completion of an earlier $200 million buyback.
- Galaxy's data-center business generated $79 million in adjusted gross profit and delivered 133 megawatts of critical IT load to CoreWeave.
Source excerpt · FinanceFeeds
Galaxy Digital returned to profitability in the third quarter of 2026, reporting $323 million in net income as gains on its investment portfolio and rising contributions from AI data centers offset continued pressure in its digital-assets operating business. The company also authorized another $200 million share buyback, reinforcing its capital-return strategy as it expands its Helios infrastructu…