Galaxy reports $85M net loss amid Q2 crypto market slump
Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates.
Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period.
That resulted in a $0.09 loss per share posted on Wednesday which Galaxy attributed to the depreciation of digital asset prices during the quarter.
Revenue at $8.7 billion was down 15% from $10.2 billion in the first quarter of 2026. Analysts had forecast a consensus of $12.7 billion, according to estimates compiled by Yahoo Finance.