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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |