Galaxy Digital (GLXY) Research & Development (2024 - 2026)

Galaxy Digital (GLXY) posted quarterly Research & Development of $14.8 million for Q1 2026, up 49.32% year-over-year from $9.9 million in Q1 2025, and up 5.91% on a QoQ basis from $13.9 million in Q4 2025.

Galaxy Digital (GLXY) Research & Development (2024 - 2026) Analysis & Trends

Galaxy Digital (GLXY) has reported Research & Development for 3 consecutive years, with $14.8 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Research & Development rose 49.32% year-over-year to $14.8 million; the TTM figure through Mar 2026 stood at $51.8 million (up 52.82% YoY), while the FY2025 annual figure was $46.9 million, up 53.85% from the prior year.
  • Research & Development came in at $14.8 million for Q1 2026 at Galaxy Digital, up from $13.9 million in the prior quarter.
  • The five-year high for Research & Development was $14.8 million in Q1 2026, with the low at $6.5 million in Q1 2024.
  • Average Research & Development over 3 years is $10.2 million, with a median of $9.9 million recorded in 2025.
  • Across the five-year window, Research & Development surged 57.67% in 2025 and jumped 49.32% in 2026, its largest moves.
  • Year by year, Research & Development stood at $9.1 million in 2024, then soared by 53.41% to $13.9 million in 2025, then grew by 5.91% to $14.8 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $14.8 million, $13.9 million, and $11.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 1.15 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 583.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 241.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 23.47 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 39.55 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 - 14.76 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.76 Mn
Dec 31, 2025 13.94 Mn
Sep 30, 2025 11.52 Mn
Jun 30, 2025 11.60 Mn
Mar 31, 2025 9.89 Mn
Dec 31, 2024 9.09 Mn
Sep 30, 2024 7.58 Mn
Jun 30, 2024 7.36 Mn
Mar 31, 2024 6.49 Mn