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| Date | Value |
|---|---|
| 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 |