Galaxy Digital Target Price Cut 11.1% to $24 After Weak Q4 Results
Goldman Sachs cut Galaxy Digital's target price by 11.1% to $24 after Q4 2025 revenue of $10.37 billion and $1.08 loss per share missed estimates of $16.6 billion and $0.92. Digital asset segment gross profit plunged 84% to $51 million on a 40% trading volume drop.
1. Price Target Reduction
Goldman Sachs lowered Galaxy Digital's target price by 11.1% to $24, maintaining a Neutral rating after Q4 results fell short of projections.
2. Q4 Financial Performance
In Q4 2025, Galaxy Digital reported revenue of $10.37 billion, missing the $16.6 billion consensus, and posted a loss per share of $1.08 versus an expected $0.92.
3. Segment Profit Declines
The digital assets segment saw gross profit drop 84% to $51 million as trading volume fell 40% quarter-on-quarter, while the treasury and corporate segment swung to a $454 million loss due to mark-to-market write-downs.
4. Asset Exposure Details
As of December 31, 2025, the firm held $1.68 billion in net digital investments, including $577 million in Bitcoin, $127 million in Ether and $617 million in venture and fund stakes.