Galaxy Digital Stock Jumps 5% Despite $216 Million Q1 Loss

Galaxy Digital (GLXY) posted a Q1 2026 net loss of $216 million. Yet shares flashed green, signaling investors were looking past crypto-driven drawdowns.

The result narrowed sharply from a $482 million net loss in Q4 2025. Galaxy also delivered its first data hall to CoreWeave. This marks a key milestone as the project shifts from the construction phase to revenue-generating operations.

Galaxy Digital (GLXY) Stock Rises 5% After Q1 Loss

GLXY shares climbed 5.23% to close at $26.36 on April 28, with another 1% added in after-hours trading, according to Google Finance.

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Meanwhile, the firm said its $216 million net loss, alongside diluted and adjusted earnings per share of negative $0.49, largely reflected a roughly 20% contraction in the total cryptocurrency market capitalization during the first quarter.

Its Treasury and Corporate alone posted an adjusted gross loss of $140 million and an adjusted EBITDA loss of $167 million. Overall, the company’s adjusted EBITDA loss narrowed to $188 million from $518 million in the previous quarter. 

Digital Assets reported $49 million in adjusted gross profit. At the same time, its adjusted EBITDA came in at a loss of $19 million.

Global Markets saw gross profit rise 3% quarter over quarter to $31 million. Asset Management and Infrastructure Solutions also contributed $18 million in adjusted gross profit during the first quarter of 2026.

The firm ended the period with approximately $5.0 billion in assets under management and $3.2 billion in staked assets, marking a decline driven by asset depreciation.

Despite the broader market downturn, the segment recorded $69 million in net inflows during the quarter. This signalled continued organic growth.

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The post Galaxy Digital Stock Jumps 5% Despite $216 Million Q1 Loss appeared first on BeInCrypto.

Source: https://beincrypto.com/galaxy-digital-stock-q1-2026-loss/