Galaxy Digital reported $323 million in net income for the third quarter of 2026, reversing its previous-quarter loss as results differed across its Treasury & Corporate, Data Centers and Digital Assets segments.
Net income followed an $85 million loss in Q2. Galaxy’s non-GAAP adjusted gross profit came to $569 million, against $43 million in Q2. The company classifies adjusted gross profit and adjusted EBITDA as non-GAAP measures, separate from net income.
Adjusted EBITDA totaled $455 million: Treasury & Corporate brought in $395 million, Data Centers $69 million, while Digital Assets posted a $9 million loss on the measure.
Galaxy pointed to strength in its Digital Assets franchise, gains in its investments portfolio and a larger contribution from Data Centers. At segment level, Digital Assets recorded an adjusted EBITDA loss.
Assets under management plus assets under stake stood at $10.4 billion after a 46% rise from Q2. Digital-asset trading volume was 12% higher quarter over quarter.
By the end of Q2 2026, the first Helios I phase had supplied CoreWeave with 133 MW of critical IT load, Galaxy said. The company reported that Phase II was fully financed and construction was underway.
Galaxy put its gross power pipeline above 5.7 gigawatts and completed a $3.5 billion offering of senior secured notes.
