Galaxy Digital Posts $482M Fourth Quarter Loss in 2025
The cryptocurrency firm disclosed substantial losses on its financial statements throughout 2025, attributing them partly to "declining cryptocurrency valuations and roughly $160 million in one-time expenses."
Galaxy Digital, a company focused on digital assets and artificial intelligence infrastructure, disclosed an annual net loss of $241 million throughout 2025, with the fourth quarter alone accounting for a $482 million loss, attributing the decline to falling cryptocurrency valuations during the year.
According to the quarterly financial statements released on Tuesday, Galaxy attributed its fourth-quarter 2025 losses to being "driven primarily by the depreciation of digital asset prices," whereas its yearly losses stemmed partly from "lower digital asset prices and approximately $160 million of one-time costs during the year." Bitcoin (BTC) experienced roughly a 20% decline in value during the final 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:
"I do think that we're in the lower end of the range [of Bitcoin price]. What I would say is that we've been here before. Anyone who's been in crypto for more than five years realizes that part of the ethos of this whole industry is pain and that often when things feel worse, it's time to be very focused and potentially accumulating or at least getting prepared to."
While the company experienced net losses, Galaxy nonetheless posted an adjusted gross profit of $426 million for the complete 2025 fiscal year and concluded the period holding $2.6 billion in cash and stablecoins. The company disclosed finishing 2025 with $12 billion in aggregate platform assets and $2 billion in net inflows directed to its asset management division.
In August, Galaxy made an announcement regarding the acceleration of its plans for an artificial intelligence data center located in Texas. According to the company's report, it secured approval from the Electric Reliability Council of Texas in January for an additional 830 megawatts of power capacity, which elevated its facility's total approved capacity to exceed 1.6 gigawatts.
Galaxy's stock price on the Nasdaq (GLXY) experienced approximately a 15% decline during Tuesday's trading session, reaching $22.48 at the time of publication.
Other crypto-related companies reported revenue rise in Q4 2025
SoFi Technologies, a financial technology firm that provides users with the ability to buy and sell cryptocurrencies, published its earnings report on Friday, documenting fourth-quarter revenue of $1 billion.
Securitize Holdings, a company specializing in tokenization, reported that its revenues increased by more than 840% through September 2025 as it pursues its initial public offering plans.