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

Galaxy Digital (GLXY) Operating Expenses (2024 - 2026)

Galaxy Digital (GLXY) posted Operating Expenses of $8.8 billion for Q2 2026, down 15.4% on a QoQ basis from $10.4 billion in Q1 2026, and down 0.57% year-over-year from $8.9 billion in Q2 2025.

Analysis

Galaxy Digital (GLXY) Operating Expenses (2024 - 2026) Analysis & Trends

Galaxy Digital has reported Operating Expenses for 3 years, with the latest figure at $8.8 billion in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 0.57% year-over-year to $8.8 billion in Q2 2026; TTM through Jun 2026 was $58.7 billion, a 24.69% increase from a year earlier, with the FY2025 full-year figure at $61.6 billion, up 41.92% from the prior year.
  • Operating Expenses was $8.8 billion for Q2 2026 at Galaxy Digital, down from $10.4 billion in the prior quarter.
  • The five-year high for Operating Expenses was $28.7 billion in Q3 2025, with the low at $1000.0 in Q1 2024.
  • Average Operating Expenses over 3 years is $11.5 billion, with a median of $9.7 billion recorded in 2024.
  • The largest YoY upside for Operating Expenses was 1324769600.0% in 2025 against a maximum downside of 33.54% in 2025.
  • Over 3 years, Operating Expenses stood at $16.2 billion in 2024, then sank by 33.54% to $10.8 billion in 2025, then retreated by 18.01% to $8.8 billion in 2026.
  • The last three Operating Expenses figures came in at $8.8 billion (Q2 2026), $10.4 billion (Q1 2026), and $10.8 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn 254.49 Mn
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn 8.84 Bn
3 Gemini Space Station 573.86 Mn 385.24 Mn - 122.42 Mn
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn 35.12 Mn
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 42.00 Mn
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn 13.86 Mn
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn -10.03 Mn
9 Fabric.AI 10.06 Mn -11.61 Mn - 3.33 Mn
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn 23.20 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 8.84 Bn
Mar 31, 2026 10.45 Bn
Dec 31, 2025 10.78 Bn
Sep 30, 2025 28.67 Bn
Jun 30, 2025 8.89 Bn
Mar 31, 2025 13.25 Bn
Dec 31, 2024 16.22 Bn
Sep 30, 2024 8.75 Bn
Jun 30, 2024 9.00 Bn
Mar 31, 2024 1,000.00