Galaxy Digital Narrows Q1 Loss to $216M, First CoreWeave Data Hall Delivered
Galaxy Digital posted a Q1 2026 net loss of $216 million, down from $482 million in Q4, and narrowed adjusted EBITDA loss to $188 million from $518 million. It delivered its first data hall to CoreWeave, saw Digital Assets gross profit of $49 million and net inflows of $69 million.
1. Q1 Financial Performance
Galaxy Digital reported a net loss of $216 million for Q1 2026, improving from a $482 million loss in Q4 2025. Diluted and adjusted EPS stood at negative $0.49, reflecting ongoing market headwinds.
2. Business Segment Results
Treasury and Corporate posted an adjusted gross loss of $140 million and an adjusted EBITDA loss of $167 million. Digital Assets delivered $49 million in adjusted gross profit with a $19 million EBITDA loss, while Global Markets gross profit rose 3% to $31 million and Infrastructure Solutions added $18 million.
3. CoreWeave Data Hall Delivery
The company handed over its first data hall to CoreWeave, marking a shift from construction to revenue-generating operations and enhancing its infrastructure solutions footprint.
4. Assets Under Management and Inflows
Assets under management totaled $5.0 billion with $3.2 billion in staked assets, down on depreciation. Despite market pressures, the firm achieved $69 million in net inflows during the quarter, underlining continued client engagement.