Remember when crypto was just that weird internet money your tech-savvy cousin wouldn’t shut up about? Well, Galaxy Digital just proved that sometimes your cousin was right – and their latest earnings report is basically a masterclass in “how to absolutely crush it in crypto.”
Galaxy Digital (GLXY) just dropped their Q3 2025 numbers, and honestly? They’re the kind of results that make other companies weep into their quarterly reports. We’re talking about their best quarter ever – not just good, not just solid, but straight-up record-breaking.
The Numbers That Made Everyone Do a Double-Take
Let’s break down what “best quarter ever” actually means in real dollars:
- Net income: $505 million (that’s half a billion, in case you’re counting)
- Adjusted EBITDA: $629 million
- Total equity: $3.2 billion
- Cash and stablecoins: $1.9 billion
For context, this is the kind of performance that makes Wall Street analysts frantically update their spreadsheets while muttering “how did we miss this?”
What Actually Drove This Madness?
Galaxy’s secret sauce this quarter was basically being really, really good at crypto trading when everyone else was having existential crises about market volatility. Their trading volumes jumped 140% from the previous quarter – which is like going from jogging to suddenly running a marathon at Olympic pace.
The real kicker? They executed a sale of over 80,000 Bitcoin for a client. That’s not pocket change – we’re talking about moving serious digital wealth around like it’s no big deal. By the end of the quarter, they were managing about $17 billion in platform assets. Yes, billion with a ‘B.’
But Wait, There’s More (Because There Always Is)
Galaxy isn’t just sitting around counting their crypto coins. They’re also building data centers – because apparently, when you’re this good at one thing, why not dominate another? Their Helios campus is set to deliver 133 MW of power to CoreWeave for AI operations. Translation: they’re betting big on the AI boom too.
They even launched something called GalaxyOne in October, which is basically their attempt to be the Swiss Army knife of financial platforms – cash, crypto, and stocks all in one place. It’s like they looked at the competition and said, “Hold our digital beer.”
The Stock Market’s Reaction Was… Enthusiastic
When the market heard these numbers, Galaxy’s stock price did what any rational stock would do: it went absolutely bananas. The stock jumped 7.57% to close at $44, and in pre-market trading, it climbed another 10.97%. Over the past six months, this stock has returned 244% – which is the kind of performance that makes your boring index fund look like it’s moving in slow motion.
CEO Michael Novogratz summed it up perfectly: “Q3 was the best quarter in Galaxy Digital’s history.” Sometimes the simplest statements hit the hardest.
The bottom line? While everyone else was worried about crypto winter, Galaxy Digital was busy having their best summer ever. And if you’re looking for crypto exposure in your portfolio, GLXY might just be the underrated gem hiding in plain sight.