Galaxy Digital Inc. (NASDAQ: GLXY) reported third‑quarter 2025 results on October 21, 2025, delivering a net income of $505 million—its first profitable quarter in several years—alongside adjusted EBITDA of $629 million and total revenue of $29.2 billion, up 223% from the prior quarter. The company’s total assets rose to $11.5 billion and equity to $3.17 billion, reflecting a 27% and 21% increase respectively, while cash and stablecoins grew to $1.91 billion, a 62% jump.
Digital Assets revenue and profitability surged, with adjusted gross profit reaching $318 million and adjusted EBITDA climbing to $250 million, a 1,817% increase from the same period last year. The Data Centers segment, despite a decline in revenue, reported an adjusted EBITDA of $3.7 million, and Treasury & Corporate generated $376 million in adjusted EBITDA, up 90% year‑over‑year. Global Markets saw a record $295 million in adjusted gross profit, driven by higher trading volumes and a $1.77 billion average loan book size.
The company confirmed progress on its Helios AI/HPC data‑center conversion, with 133 MW of critical IT load scheduled for delivery to CoreWeave in the first half of 2026. This milestone supports Galaxy’s strategy to diversify revenue streams beyond cryptocurrency mining and positions the firm to capture the growing demand for high‑performance computing infrastructure.
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