Galaxy Digital GLXY
NASDAQ GLXY
$25.17 -1.88 (-6.95%)
As of: Sep 9, 2026 · 3:59 PM EDT

Galaxy Digital (GLXY) Cost of Revenue (2024 - 2026)

Galaxy Digital (GLXY) posted Cost of Revenue of $180.7 million for Q2 2026, up 20.97% on a QoQ basis from $149.3 million in Q1 2026, and up 31.32% year-over-year from $137.6 million in Q2 2025.

Analysis

Galaxy Digital (GLXY) Cost of Revenue (2024 - 2026) Analysis & Trends

Galaxy Digital has reported Cost of Revenue for 3 years, with the latest figure at $180.7 million in Q2 2026.

  • On a quarterly basis, Cost of Revenue rose 31.32% year-over-year to $180.7 million in Q2 2026; TTM through Jun 2026 was $678.5 million, a 11.16% decrease from a year earlier, with the FY2025 full-year figure at $674.3 million, up 2.59% from the prior year.
  • Cost of Revenue was $180.7 million for Q2 2026 at Galaxy Digital, up from $149.3 million in the prior quarter.
  • The five-year high for Cost of Revenue was $331.0 million in Q4 2024, with the low at $106.8 million in Q3 2024.
  • Average Cost of Revenue over 3 years is $172.6 million, with a median of $161.6 million recorded in 2025.
  • The largest YoY upside for Cost of Revenue was 74.91% in 2025 against a maximum downside of 51.18% in 2025.
  • Over 3 years, Cost of Revenue stood at $331.0 million in 2024, then tumbled by 51.18% to $161.6 million in 2025, then increased by 11.82% to $180.7 million in 2026.
  • The last three Cost of Revenue figures came in at $180.7 million (Q2 2026), $149.3 million (Q1 2026), and $161.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Circle Internet 23.84 Bn 22.11 Bn 288.85 Mn 412.47 Mn
2 Galaxy Digital 10.29 Bn 9.64 Bn 8.38 Bn 180.67 Mn
3 Gemini Space Station 602.17 Mn 413.55 Mn - -
4 Solana 178.66 Mn 175.01 Mn 2.45 Mn 77,000.00
5 Empery Digital 92.48 Mn 92.48 Mn -68,184.00 148,203.00
6 Metalpha Technology Holding 45.70 Mn 41.76 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn 728,338.00
8 Amber International Holding 24.41 Mn -9.84 Mn 11.06 Mn 2.86 Mn
9 Fabric.AI 10.39 Mn -11.28 Mn - -
10 CEA Industries 5.97 Mn 2.90 Mn 2.64 Mn 4.71 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 180.67 Mn
Mar 31, 2026 149.35 Mn
Dec 31, 2025 161.57 Mn
Sep 30, 2025 186.86 Mn
Jun 30, 2025 137.58 Mn
Mar 31, 2025 188.26 Mn
Dec 31, 2024 330.99 Mn
Sep 30, 2024 106.83 Mn
Jun 30, 2024 111.61 Mn