Galaxy Digital Posts $85M Net Loss Amid Broader Crypto Market Correction
Galaxy Digital reported a net loss of $85 million for its second quarter in 2026, citing lower cryptocurrency valuations across the period. The company also posted a $0.09 loss per share, which it linked to markdowns from declines in digital asset prices.
The firm's revenue fell to $8.7 billion, down 15% from the first quarter of 2026 and below the $12.7 billion consensus compiled by Yahoo Finance. Galaxy's operating metrics showed signs of stabilization, with adjusted gross profit reaching $66 million, up 34% quarter-over-quarter.
The company attributed its quarterly results to a broader market correction, with total cryptocurrency market capitalization declining to $2 trillion as of June 30, down from $2.35 trillion on April 1 - a drop of nearly 15% over the period.