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

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

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

Galaxy Digital has reported Research & Development for 3 years, with the latest figure at $14.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 49.32% year-over-year to $14.8 million; the trailing twelve-month figure through Mar 2026 stood at $51.8 million (up 52.82% YoY), and the FY2025 full-year result was $46.9 million, up 53.85% from the prior year.
  • Research & Development for Q1 2026 stood at $14.8 million, 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.
  • Historically, Research & Development has averaged $10.2 million across 3 years, with a median of $9.9 million in 2025.
  • Annual changes were most pronounced in 2025 — Research & Development surged 57.67% — and 2026, when it jumped 49.32%.
  • Galaxy Digital's Research & Development stood at $9.1 million in 2024, then surged by 53.41% to $13.9 million in 2025, then rose by 5.91% to $14.8 million in 2026.
  • The last three Research & Development figures came in at $14.8 million (Q1 2026), $13.9 million (Q4 2025), and $11.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 1.15 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 583.00 Mn
4 Schwab Charles 153.74 Bn 108.77 Bn - -
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 241.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - -
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 23.47 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 39.55 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn -
10 Galaxy Digital 5.84 Bn 5.28 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