How Galaxy Digital makes money

Period

FY2025

How does Galaxy Digital make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Galaxy Digital Inc. · FY2025 · year ended 2025-12-31

Revenue$60.2BNet loss$241M · 0%Cost of revenue$0 · 0%Gross profit$60.2B · 100%Operating expenses$61.6B · 102%Other income$1.1B · 2%SG&A$0 · 0%Other opex$61.4B · 102%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.