GLXY, US36317J2096

Galaxy Digital stock fell 2.21 percent on October 6

Published on 10/07/2026 at 00:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Galaxy Digital stock's Q2 adjusted EBITDA loss narrowed to USD 77 million from USD 188 million in Q1. Consensus rates it Moderate Buy at a USD 39.58 average target.

GLXY, US36317J2096, Illustration mit AI erstellt.

Galaxy Digital stock (ISIN US36317J2096) was last at USD 22.15 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, down 2.21 percent for the session. The latest reported quarter combined a smaller operating loss with continued expansion of the Helios data center platform.

Stock sits below yearly high

At USD 22.15, Galaxy Digital was 51.76 percent below its 52-week high of USD 45.92 and 34.70 percent above its low of USD 16.43. The same session showed a trading range of USD 21.98 to USD 23.28, volume of 3,915,614 shares and market capitalization of USD 7.3 billion.

The market move puts the stock well below its yearly peak even as the company adds a second earnings engine. That contrast matters because digital asset trading results remain sensitive to market prices, while data center revenue is tied more closely to contracted infrastructure.

Q2 loss narrows sharply

According to StockTitan, Galaxy reported Q2 2026 revenue of USD 8.71 billion and a net loss of USD 85 million for the quarter ended June 30, 2026. Adjusted EBITDA was a loss of USD 77 million, improving from a USD 188 million loss in Q1 2026.

The comparison is more constructive at the operating level than at the bottom line. Digital asset price marks continued to weigh on reported earnings, while adjusted gross profit from the Digital Assets and Data Centers businesses reached USD 86 million in Q2 2026, according to StockTitan.

Helios adds contracted capacity

Galaxy's Data Centers segment delivered 133 MW of critical IT load at Helios to CoreWeave under a 15-year lease in Q2 2026. The company expects Helios Phase I to generate USD 80 million in quarterly leasing revenue with project-level adjusted EBITDA margins above 90 percent beginning in Q3 2026, as reported by StockTitan.

The funding structure raises the scale of the opportunity and the financial burden at the same time. Galaxy completed a USD 3.5 billion senior secured notes offering for Helios Phase II, a 260 MW expansion, while its Texas power development pipeline exceeded 5.7 GW in Q2 2026.

Analysts see upside above USD 39

MarketBeat lists a Moderate Buy consensus for Galaxy Digital based on 14 analysts, with an average price target of USD 39.58, a high target of USD 57.00 and a low target of USD 21.00. The spread shows that expectations remain wide despite the consensus label.

Nasdaq's earnings calendar displays an estimated October 20, 2026 reporting date and a consensus adjusted EPS forecast of a USD 0.12 loss from six analysts, according to Nasdaq. That estimate places the next report at the center of the market's near-term test for Helios execution and digital asset profitability.

GLXY remains below its yearly high

Galaxy Digital was last at USD 22.15 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, with the USD 45.92 52-week high still 51.76 percent above the price.