The crypto company reported significant net losses to its balance sheet in 2025 due in part to “lower digital asset prices and approximately $160 million of one-time costs.“
Galaxy Digital reported a net loss of $482 million in the fourth quarter of 2025 and a $241 million loss for the full year, citing falling digital asset prices and one-time costs.
In its quarterly financial statements shared Tuesday, Galaxy said its losses over Q4 2025 were “driven primarily by the depreciation of digital asset prices,” while its annual losses were due in part “to lower digital asset prices and approximately $160 million of one-time costs during the year.” The price of Bitcoin (BTC) dropped by about 20% in the fourth quarter of 2025.
“You have the crypto coins — Bitcoin, Ethereum, Solana, you name ‘em — have been in a bear market,” said Galaxy CEO Michael Novogratz in a Tuesday shareholder update call, adding:
Despite net losses, Galaxy reported an adjusted gross profit of $426 million for full-year 2025 and ended with $2.6 billion in cash and stablecoins. It reported ending 2025 with $12 billion in total platform assets and $2 billion in net inflows to its asset management arm.
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Galaxy announced in August that it would be accelerating its plans for an artificial intelligence data center in Texas. The company reported that it had received approval from the Electric Reliability Council of Texas for an additional 830 megawatts of power capacity in January, bringing its facility’s total approved capacity to more than 1.6 gigawatts.
Shares of Galaxy on the Nasdaq (GLXY) fell by about 15% in trading on Tuesday, to $22.48 at the time of publication.
Other crypto-related companies reported revenue rise in Q4 2025
SoFi Technologies, a fintech company that lets users buy and sell cryptocurrencies, released its earnings report on Friday, recording fourth-quarter revenue of $1 billion.
Tokenization company Securitize Holdings reported that its revenue was up by more than 840% through September 2025 amid its initial public offering plans.
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Source: https://cointelegraph.com/news/galaxy-digital-losses-2025-report?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
