Galaxy Digital's net loss for the year was $241 million, with core business turning a profit

According to The Block, Galaxy Digital released its annual report showing the company had a net loss of approximately $241 million for the year, mainly due to unrealized losses on digital assets and investment positions.
Adjusted data indicates the company recorded a pre-tax, interest, depreciation, and amortization profit of about $216 million, with core operational businesses turning a profit under non-GAAP standards. Among them, the digital asset business, which includes trading, lending, asset management, and staking services, had an adjusted gross profit of approximately $505 million.
Following the release of the financial report, the company's stock price rose by more than 11%.