Galaxy Digital (GLXY) Tax Provisions (2024 - 2026)
Galaxy Digital (GLXY) posted Tax Provisions of -$42.9 million for Q2 2026, down 134.96% on a QoQ basis from -$18.2 million in Q1 2026, and down 473.77% year-over-year from $11.5 million in Q2 2025.
Analysis
Galaxy Digital (GLXY) Tax Provisions (2024 - 2026) Analysis & Trends
Galaxy Digital has reported Tax Provisions for 3 years, with the latest figure at -$42.9 million in Q2 2026.
- On a quarterly basis, Tax Provisions fell 473.77% year-over-year to -$42.9 million in Q2 2026; TTM through Jun 2026 was -$95.8 million, a 1295.76% decrease from a year earlier, with the FY2025 full-year figure at -$29.3 million, down 73.15% from the prior year.
- Tax Provisions was -$42.9 million for Q2 2026 at Galaxy Digital, down from -$18.2 million in the prior quarter.
- The five-year high for Tax Provisions was $40.1 million in Q3 2025, with the low at -$74.8 million in Q4 2025.
- Average Tax Provisions over 3 years is -$13.0 million, with a median of -$7.9 million recorded in 2024.
- The largest YoY upside for Tax Provisions was 609.13% in 2025 against a maximum downside of 1625.46% in 2025.
- Over 3 years, Tax Provisions stood at -$4.3 million in 2024, then sank by 1625.46% to -$74.8 million in 2025, then jumped by 42.71% to -$42.9 million in 2026.
- The last three Tax Provisions figures came in at -$42.9 million (Q2 2026), -$18.2 million (Q1 2026), and -$74.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Circle Internet | 21.16 Bn | 19.43 Bn | 288.85 Mn | 4.10 Mn |
| 2 | Galaxy Digital | 9.54 Bn | 8.88 Bn | 8.38 Bn | -42.87 Mn |
| 3 | Gemini Space Station | 573.86 Mn | 385.24 Mn | - | 22,000.00 |
| 4 | Solana | 177.06 Mn | 173.41 Mn | 2.45 Mn | - |
| 5 | Empery Digital | 85.45 Mn | 85.45 Mn | -68,184.00 | - |
| 6 | Metalpha Technology Holding | 40.05 Mn | 36.11 Mn | - | - |
| 7 | Fold Holdings | 29.71 Mn | 1.31 Mn | 5.36 Mn | - |
| 8 | Amber International Holding | 28.97 Mn | -4.44 Mn | 11.06 Mn | 1.53 Mn |
| 9 | Fabric.AI | 10.06 Mn | -11.61 Mn | - | - |
| 10 | CEA Industries | 7.41 Mn | 324,022.19 | 1.96 Mn | 95,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -42.87 Mn |
| Mar 31, 2026 | -18.25 Mn |
| Dec 31, 2025 | -74.83 Mn |
| Sep 30, 2025 | 40.15 Mn |
| Jun 30, 2025 | 11.47 Mn |
| Mar 31, 2025 | -6.11 Mn |
| Dec 31, 2024 | -4.34 Mn |
| Sep 30, 2024 | -7.89 Mn |
| Jun 30, 2024 | -14.04 Mn |