GalaxyDigitalHoldings

Galaxy Digital Holdings reported a loss of 295 million USD in Q1, despite revenue increasing by 38% to 12.9 billion USD, right before the Nasdaq listing on 16/05. Could this be a sign of trouble for the crypto giant? Let's analyze in detail.

Galaxy Digital: Huge Loss Despite Revenue Increase

#GalaxyDigitalHoldings reports a net loss of 295 million USD in Q1 2025, equivalent to a loss of 0.86 USD/share, down from a loss of 388 million USD in the same period last year. However, revenue reached 12.9 billion USD, up 38% from Q4 2024, showing strong growth despite the sluggish crypto market. As of 31/03, the company had 1.9 billion USD in equity and 1.07 billion USD in cash and stablecoins. Galaxy is preparing to list on Nasdaq on 16/05, after receiving SEC approval for restructuring and relocating its headquarters to the US.