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% quarter-over-quarter from $13.9 million in Q4 2025.

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

Galaxy Digital's Research & Development history runs 3 years deep, the most recent figure standing at $14.8 million for 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 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.
  • The 3-year median for Research & Development is $9.9 million (2025), against an average of $10.2 million.
  • The sharpest annual moves came in 2025 and 2026: Research & Development jumped 57.67% in 2025, then soared 49.32% in 2026.
  • 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.
  • Business Quant data shows GLXY's Research & Development at $14.8 million in Q1 2026, $13.9 million in Q4 2025, and $11.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 1.20 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 635.00 Mn
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 256.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn -
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 26.20 Mn
10 Galaxy Digital 4.39 Bn 3.83 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