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Galaxy Digital Annual Report: Behind the Loss, Digital Asset Business Turns Profitable Against the Trend!
The latest annual report from Galaxy Digital shows the company had a net loss of approximately $241 million for the year, mainly due to unrealized losses on digital assets and investment positions.
However, adjusted data indicates that the company still performed strongly in its core business, recording a pre-tax, interest, depreciation, and amortization profit of about $216 million, successfully turning a profit.
Among them, the digital asset business, which includes trading, lending, asset management, and staking services, had an adjusted gross profit of approximately $505 million, demonstrating strong business resilience.
Thanks to the release of the financial report, Galaxy Digital's stock price rose over 11%.