CoinWorld News reports that 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 these, the digital asset business, which includes trading, lending, asset management, and staking services, had an adjusted gross profit of approximately $505 million. Following the earnings release, the company's stock price rose by over 11%.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin