Galaxy Digital Inc (NASDAQ:GLXY) reported second-quarter financial results before the market open on Tuesday. Here’s a look at the key details from the report.
Q2 Earnings: Galaxy Digital reported second-quarter revenue of $8.66 million, down from $8.88 million year-over-year. The company reported second-quarter earnings of 8 cents per share, missing analyst estimates of 10 cents per share, according to Benzinga Pro.
Galaxy Digital reported Adjusted EBITDA of $211 million in the second quarter, driven by the appreciate on digital assets and investments on the balance sheet. Galaxy had total equity of $2.6 billion as of June 30, and holdings of $1.2 billion in cash and stablecoins.
Galaxy said it expects to begin generating revenue from data centers in the first half of 2026 when it starts delivering critical IT to CoreWeave Inc (NASDAQ:CRWV) under the first phase of its lease agreement.
Galaxy’s management team is currently discussing the quarter on a conference call that started at 8:30 a.m. ET.
How To Buy GLXY Stock
By now you're likely curious about how to participate in the market for Galaxy Digital – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
GLXY Price Action: Galaxy Digital shares were down 0.43% at $28.78 at the time of publication Tuesday, according to Benzinga Pro.
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