Galaxy Digital (GLXY) Deferred Taxes (2024 - 2026)
Galaxy Digital (GLXY) posted quarterly Deferred Taxes of -$5.7 million for Q1 2026, up 20.89% year-over-year from -$4.7 million in Q1 2025, and up 80.47% on a QoQ basis from -$29.0 million in Q4 2025.
Galaxy Digital (GLXY) Deferred Taxes (2024 - 2026) Analysis & Trends
Galaxy Digital (GLXY) has reported Deferred Taxes for 3 consecutive years, with -$5.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Deferred Taxes rose 20.89% year-over-year to -$5.7 million; the TTM figure through Mar 2026 stood at $42.6 million (up 323.71% YoY), while the FY2025 annual figure was $41.1 million, up 590.42% from the prior year.
- Deferred Taxes came in at -$5.7 million for Q1 2026 at Galaxy Digital, up from -$29.0 million in the prior quarter.
- The five-year high for Deferred Taxes was $99.0 million in Q3 2025, with the low at -$29.0 million in Q4 2025.
- Average Deferred Taxes over 3 years is $3.0 million, with a median of -$6.6 million recorded in 2024.
- The largest YoY upside for Deferred Taxes was 1592.62% in 2025 against a maximum downside of 1040.34% in 2025.
- Year by year, Deferred Taxes stood at $3.1 million in 2024, then sank by 1040.34% to -$29.0 million in 2025, then jumped by 80.47% to -$5.7 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$5.7 million, -$29.0 million, and $99.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -47.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | -10.00 Mn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 34.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | -21.92 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 21.41 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | Galaxy Digital | 4.97 Bn | 4.40 Bn | - | -5.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.66 Mn |
| Dec 31, 2025 | -28.97 Mn |
| Sep 30, 2025 | 99.05 Mn |
| Jun 30, 2025 | -21.80 Mn |
| Mar 31, 2025 | -7.15 Mn |
| Dec 31, 2024 | 3.08 Mn |
| Sep 30, 2024 | -6.64 Mn |
| Jun 30, 2024 | -8.35 Mn |
| Mar 31, 2024 | 3.51 Mn |