Galaxy Digital GLXY
NASDAQ GLXY
$24.40 +0.27 (+1.12%)
At close: Sep 11, 2026 · 4:00 PM EDT

Galaxy Digital (GLXY) Gross Margin (2024 - 2026)

Galaxy Digital (GLXY) posted Gross Margin of 97.89% for Q2 2026, down 0.63% on a QoQ basis from 98.51% in Q1 2026, and down 52.0% year-over-year from 203.93% in Q2 2025.

Analysis

Galaxy Digital (GLXY) Gross Margin (2024 - 2026) Analysis & Trends

Galaxy Digital has reported Gross Margin for 3 years, with the latest figure at 97.89% in Q2 2026.

  • On a quarterly basis, Gross Margin fell 52.0% year-over-year to 97.89% in Q2 2026; TTM through Jun 2026 was 98.82%, a 48.0% increase from a year earlier, with the FY2025 full-year figure at 98.88%, up 43.0% from the prior year.
  • Gross Margin was 97.89% for Q2 2026 at Galaxy Digital, down from 98.51% in the prior quarter.
  • The five-year high for Gross Margin was 99.34% in Q3 2025, with the low at 97.89% in Q2 2026.
  • Average Gross Margin over 3 years is 98.51%, with a median of 98.51% recorded in 2026.
  • The sharpest annual moves came in 2025 and 2026: Gross Margin soared 59 bps in 2025, then sank 52 bps in 2026.
  • Over 3 years, Gross Margin stood at 97.91% in 2024, then rose by 1 bps to 98.44% in 2025, then fell by 1 bps to 97.89% in 2026.
  • The last three Gross Margin figures came in at 97.89% (Q2 2026), 98.51% (Q1 2026), and 98.44% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn 41.19%
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn 97.89%
3 Gemini Space Station 573.86 Mn 385.24 Mn - -
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn 96.95%
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 -85.21%
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn 88.04%
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn 79.48%
9 Fabric.AI 10.06 Mn -11.61 Mn - -
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn 27.41%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 97.89%
Mar 31, 2026 98.51%
Dec 31, 2025 98.44%
Sep 30, 2025 99.34%
Jun 30, 2025 98.41%
Mar 31, 2025 98.55%
Dec 31, 2024 97.91%
Sep 30, 2024 98.75%
Jun 30, 2024 98.74%