Galaxy Digital (GLXY) investor relations material

Executive summary

• Achieved record Q3 2025 net income of $505 million, adjusted gross profit of $728 million, and adjusted EBITDA of $629 million, with $17 billion in platform assets and $3.2 billion in equity capital.

• Launched GalaxyOne, a new direct-to-consumer platform for high-net-worth and accredited investors.

• Secured a $460 million PIPE investment and $1.4 billion project financing for Helios Data Center, fully funding Phase I.

• Completed a $9 billion spot Bitcoin trade and led a $1.65 billion private placement, supporting digital asset growth.

• Expanded Helios campus to over 1,500 acres with strategic land acquisition and 2.7 GW of potential power capacity.

Financial highlights

• Q3 2025 GAAP net income was $505 million, adjusted gross profit $728 million, and adjusted EBITDA $629 million.

• Platform assets reached $17 billion, with $8.8–9 billion in assets under management and $6.6–7 billion in assets under stake.

• Ended Q3 with $1.9 billion in cash and stablecoins, up $700 million from Q2.

• Equity capital stood at $3.2 billion, up over 20% quarter-over-quarter.

• Average loan book size was $1.8 billion, up 60% sequentially.

Outlook and guidance

• No further material impairments expected on remaining mining equipment.

• Data center segment financial results expected to be minimal until H1 2026, when CoreWeave lease revenue begins.

• Helios Data Center campus is fully funded for Phase I, with anticipated average annual revenue of $1 billion+ from CoreWeave over a 15-year contract and 90% EBITDA margins once fully operational.

• Ambitious roadmap for GalaxyOne, with major updates anticipated by Q2 2026.

• Data center demand expected to quadruple by 2030, with a projected 298% growth and a U.S. supply shortfall of 15+ GW.