Galaxy Digital’s Q3 Net Income Skyrockets to $505M, a Staggering 1546% Increase from Q2

Key Points

• Galaxy Digital Inc. reported a net income of $505 million for Q3 2025, primarily driven by the Digital Assets division.
• The company’s total platform assets reached $17 billion at the end of the quarter, supported by a $460 million equity investment.

Galaxy Digital Inc., listed on Nasdaq as GLXY, announced a net income of $505 million for the third quarter of 2025. The diluted earnings per share reached $1.01, while the Q3 adjusted EBITDA was $629 million. The significant increase in income was mainly due to the company’s Digital Assets division, which set new quarterly benchmarks in trading volumes and spot activity.

The management attributed the profit jump to a 140% increase in digital asset volumes from Q2. The Global Markets segment reported a record adjusted gross profit of $295 million, propelled by strong spot and derivatives trading. A notable contribution to the profit was a $9 billion Bitcoin (BTC) sale, which involved approximately 80,000 BTC, executed on behalf of a client.

Financial Highlights and Future Plans

By the end of the quarter, Galaxy’s total platform assets amounted to $17 billion. This included $8.8 billion in assets under management and $6.6 billion under stake. The company also held $1.9 billion in cash and stablecoins as of September 30, 2025. Operational capital was bolstered by a $460 million equity investment from a leading global asset manager. The net proceeds of $325 million were allocated for the expansion of the Helios campus and corporate objectives.

Galaxy provided an update on its Helios Data Center in West Texas, which is expected to be operational by 2026. The center is fully leased to CoreWeave, an AI and high-performance computing company. The Helios campus is integral to Galaxy’s long-term growth strategy, representing its diversification into data infrastructure supporting the AI economy.

Market Response to Q3 Report

The Q3 results led to active trading of Galaxy Digital shares. In 24 hours, the shares increased by over 6%, with a trading volume of 16,874,909 shares. Galaxy Digital has been performing strongly in 2025, with a year-to-date increase of 82.55%.

The heightened trading activity indicates increased volatility and trading volumes, consistent with the scale of reported financial and strategic developments. This reflects a positive market reaction to Galaxy Digital’s announcement of a 1,546% quarter-over-quarter increase in net income and further details on institutional growth and infrastructure expansion.