GLXY, US36317J2096

Galaxy Digital stock posts Q3 profit as Helios data center ramps

Published on 11/03/2026 at 22:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Galaxy Digital stock is in focus after the company returned to profit in the third quarter. Helios data center earnings also accelerated.

Galaxy strengthens profit and infrastructure

Galaxy reported third-quarter net income of 323 million US dollars after an 85 million US dollar loss in the second quarter.
Data Centers generated 79 million US dollars in adjusted gross profit as Helios I entered its first full revenue-generating quarter.
The board authorized an additional 200 million US dollar share repurchase program on October 26.

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Galaxy Digital reported a sharp swing back to profit for the third quarter ended September 30, 2026. In its financial release on Tuesday, October 27, the company said net income reached 323 million US dollars, compared with a loss of 85 million US dollars in the second quarter.

Galaxy Digital stock traded at 15.02 euros on Lang & Schwarz at 22:08 CET on Tuesday, November 3, 2026.

Profit recovery led by two businesses

The company generated 569 million US dollars in adjusted gross profit and 455 million US dollars in adjusted EBITDA during the quarter. Adjusted figures are non-GAAP measures. Treasury and Corporate contributed 419 million US dollars of adjusted gross profit, while the Digital Assets segment contributed 71 million US dollars but remained negative on adjusted EBITDA.

Digital asset trading volumes increased 12 percent from the previous quarter, and the average loan book grew 27 percent to 1.8 billion US dollars. Galaxy ended the quarter with 10.4 billion US dollars in combined assets under management and assets under stake, up 46 percent from the second quarter.

Helios adds operating momentum

Data Centers produced 79 million US dollars in adjusted gross profit and 69 million US dollars in adjusted EBITDA, compared with 20 million US dollars and 11 million US dollars, respectively, in the second quarter. The figures included the first full quarter of revenue-generating operations under the Helios I, Phase I lease after 133 megawatts of critical IT load had been delivered to CoreWeave.

Helios I, Phase II is fully financed and under construction. Galaxy said data hall deliveries are scheduled to begin in the second quarter of 2027, while its total gross data center power pipeline exceeds 5.7 gigawatts.

Buyback adds capital-return option

Galaxy's board authorized up to 200 million US dollars in additional Class A share repurchases on October 26. The company had completed its earlier 200 million US dollar program on October 15 after buying approximately 9.8 million shares during 2026. The new authorization has no fixed expiration date and does not require Galaxy to repurchase the full amount.

The results and operating outlook were published by Galaxy Digital. Investors can follow the real-time quote of Galaxy Digital stock for the latest trading indication.