Galaxy Digital Reports $85M Net Loss in Q2 2026 Amid Crypto Market Slump

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According to a statement released Wednesday, Galaxy Digital reported an $85 million net loss for Q2 2026, translating to $0.09 loss per share, as cryptocurrency valuations declined during the quarter. Revenue fell 15% to $8.7 billion from $10.2 billion in Q1, missing analyst consensus estimates of $12.7 billion. The company's stock dropped 6.2% in premarket trading to $20.70 on Wednesday, extending a roughly 10% decline over the past month. The broader crypto market capitalization fell nearly 15% during the quarter, declining to $2 trillion on June 30 from $2.35 trillion on April 1.
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