Galaxy Digital GLXY
Galaxy Digital reports $322.77 million net income
Galaxy Digital (GLXY) filed a 10-Q with the SEC on Nov 9, 2026, 4:22 pm ET. Source: the filing on SEC EDGAR.
Quarterly report, 9 new risk factors
- Form
- 10-Q
- Filed
- Importance
- Major
- Accession
- 0001859392-26-000112
- Revenue: $8.06 billion for the three months ended Sep 30, 2026
- Net income: $322.77 million for the three months ended Sep 30, 2026
- Cash and equivalents: $1.33 billion at Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
9 new risk factors · 9 removed · 1 new legal mention
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $8.06B | $8.56B | −5.8% |
| Net income | $322.77M | −$85.32M | +478% |
| Operating cash flow | $423.9M | $371.99M | +14% |
| Cash | $1.33B | $895.74M | +48% |
New risk factors (9)
- Court case Reves v. Ernst & Young. The legal tests for determining whether any given digital asset, product, or service is a security require a highly complex, fact-driven analysis. Accordingly, whether any given digital asset, product or service would be ultimately deemed by a federal court to be a security is…
- On August 18, 2026, the SEC proposed Regulation Crypto Assets, which if adopted would create tailored exemptions from the Securities Act's Section 5 registration requirements for certain covered investment contracts and a conditional safe harbor from the term "investment contract" in the Securities Act and Exchange…
- Our venture investments within the Treasury and Corporate segment, including any associated lending activities, are subject to substantial risk.
- LP. As the sole general partner of GDH LP, GDI intends to cause GDH LP to make distributions to the holders of LP Units in amounts sufficient to (i) cover all applicable taxes payable by GDI and the other holders of LP Units, (ii) allow it to make any payments required under the Tax Receivable Agreement, (iii) fund…
- •the performance and financial condition of our major customers, including their ability to meet their contractual obligations;
- and 4 more in the filing
Removed risk factors (9)
- Any loss of digital assets, penalties or slashing events could damage our brand and reputation, cause us to suffer financial losses, and adversely impact our business.
- Our venture investments, managed by our crypto ventures team within the Digital Assets segment, including any associated lending activities, are subject to substantial risk.
- Digital Assets segment participates and introduce new operational and compliance expectations for market participants engaged in continuous trading, clearing, and settlement of digital asset derivatives.
- Act, the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. Further, some U.S. state laws may, under certain circumstances, require us to obtain a license from the relevant regulatory authority or authorities in a given state before conducting those lending activities.
- Many public blockchain networks, including the Bitcoin network, operate using open-source protocols, meaning that any user can download the software, modify it and then propose that other users and miners adopt the modification. When a modification is introduced and a substantial majority of users and miners consent…
- and 4 more in the filing
New legal mentions (1)
- The plaintiff's motion for leave and certification was heard in June 2026 and granted in August 2026. +1 more paragraph