Galaxy Digital (GLXY) Deferred Taxes (2024 - 2026)

Galaxy Digital (GLXY) reported Deferred Taxes of -$5.7 million for Q1 2026, up 20.89% on a YoY basis from -$4.7 million in Q1 2025, and up 80.47% quarter-over-quarter from -$29.0 million in Q4 2025.

Galaxy Digital (GLXY) Deferred Taxes (2024 - 2026) Analysis & Trends

Galaxy Digital has reported Deferred Taxes for 3 years, with the latest figure at -$5.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Deferred Taxes rose 20.89% year-over-year to -$5.7 million; the trailing twelve-month figure through Mar 2026 stood at $42.6 million (up 323.71% YoY), and the FY2025 full-year result was $41.1 million, up 590.42% from the prior year.
  • Deferred Taxes for Q1 2026 stood at -$5.7 million, 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.
  • Historically, Deferred Taxes has averaged $3.0 million across 3 years, with a median of -$6.6 million in 2024.
  • The largest YoY upside for Deferred Taxes was 1592.62% in 2025 against a maximum downside of 1040.34% in 2025.
  • Galaxy Digital's Deferred Taxes stood at $3.1 million in 2024, then tumbled by 1040.34% to -$29.0 million in 2025, then soared by 80.47% to -$5.7 million in 2026.
  • The last three Deferred Taxes figures came in at -$5.7 million (Q1 2026), -$29.0 million (Q4 2025), and $99.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -
2 Morgan Stanley 328.23 Bn 194.70 Bn - -
3 Goldman Sachs 313.22 Bn -624.33 Bn - -47.00 Mn
4 Schwab Charles 154.90 Bn 109.92 Bn - -10.00 Mn
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn 34.00 Mn
6 Interactive Brokers 38.41 Bn 49.00 Bn - 1.00 Mn
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - -21.92 Mn
8 Tradeweb Markets 21.12 Bn 19.87 Bn - 21.41 Mn
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn -
10 Galaxy Digital 6.25 Bn 5.68 Bn - -5.66 Mn

Historic Data

Download Data
DateValue
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