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| 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 |