Galaxy Digital Q3 net income rebounds on investment gains
GLXY•GLXY•GLXY•GLXY•Galaxy Digital reported Q3 net income of $323 million, compared with a loss in the prior period, and adjusted EPS of $0.83. Adjusted EBITDA was $455 million, and the company authorized a new $200 million share repurchase after completing its previous buyback of the same size.
Galaxy Digital said significant appreciation across its investment portfolio contributed to Q3 results. Results also benefited from the first full quarter of revenue-generating operations at its Helios I Phase I lease, while digital asset trading volumes rose 12% quarter over quarter.
The company authorized a new $200 million share repurchase after completing its prior $200 million buyback. Galaxy Digital expects Helios I Phase II data hall deliveries to begin in Q2 2027 and said market dynamics for data center leasing are increasingly favorable.
