| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 55 | — | 17.8x | Around median | |
Growth | 58 | 73.5% | 7.1% | Around median | |
Quality | 18 | — | — | Bottom tier | |
Safety | 30 | — | — | Bottom tier | |
Capital Return | 92 | — | 2.12% | Top tier | |
Momentum | 39 | -20.4% | 2.9% | Bottom tier | |
Sentiment | 82 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Galaxy Digital operates through two interconnected pillars: digital asset services and data center infrastructure. The digital assets pillar includes trading, lending, asset management, custody, staking, and institutional wallet and settlement infrastructure, while the Galaxy Power pillar develops data centers for artificial intelligence and high-performance computing, led by Helios, which is leased to CoreWeave. EDGAR data show revenue of $60.4 billion in fiscal year 2025 and trailing-twelve-month revenue of $80.7 billion in 2026, but the trailing-twelve-month net result remained a loss of $151.1 million.
In fiscal Q2 2026, Galaxy Digital recorded a GAAP net loss of $85 million, or a loss of $0.09 per share, and company-wide adjusted EBITDA was negative $77 million. By contrast, the operating businesses collectively generated adjusted gross profit of $86 million and adjusted EBITDA of $1 million; the Digital Assets segment contributed approximately $66 million of adjusted gross profit, compared with $20 million from Data Centers. The Data Centers segment generated adjusted EBITDA of $11 million during the phased delivery period for the Helios halls.
The company ended fiscal Q2 2026 with total assets of $10.8 billion and equity of $2.7 billion, with 72% of capital allocated to the two operating businesses. Cash and stablecoins totaled $2.5 billion, while net digital assets and investments were approximately $1.2 billion after declining 15% from the previous quarter. Adjusted operating expenses also rose to $172 million, an increase of $25 million quarter over quarter, as recognition of interest and depreciation associated with data center revenue began.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $35.83 within a range of $30 to $45. The average target is approximately 22% below the 52-week range high of $45.92, while the highest target is close to that high and the lowest target is approximately 83% above the range low of $16.43. This consensus must be weighed against the trailing-twelve-month loss of $151.1 million and negative earnings per share, making the realization of contracted data center earnings and a reduction in the sensitivity of results to cryptocurrencies essential to justify the valuation.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Helios Phase I began generating operating results after 133 megawatts were delivered to CoreWeave on time and within budget. The Data Centers segment generated adjusted gross profit of $20 million and adjusted EBITDA of $11 million in fiscal Q2 2026. Management expects approximately $80 million in lease revenue and a project-level margin exceeding 90% in the phase's first full quarter, fiscal Q3 2026.
The company recorded a net loss of $85 million and a loss per share of $0.09 in fiscal Q2 2026. Management attributed the result primarily to declines in digital asset prices, as the Treasury and Corporate segment recorded an adjusted gross loss of $42 million. Adjusted operating expenses also increased by $25 million quarter over quarter to $172 million as the company began recording data center interest and depreciation.
Helios Phase I operates 133 megawatts of critical IT load for CoreWeave. Phase II adds 260 megawatts, with delivery of its halls beginning in fiscal Q2 2027, seven halls operating by the end of fiscal year 2027, and the eighth hall in early fiscal year 2028. Phase III adds 133 megawatts of critical IT load during fiscal year 2028, while the 830-megawatt capacity of Helios II remains unleased.
In fiscal Q2 2026, the company signed a multi-year agreement with Bank of New York to develop digital asset infrastructure, including staking support on the bank's custody platform. Morgan Stanley Wealth Management selected Galaxy Digital to support staking in two new exchange-traded products, and the company announced a partnership with Bank Leumi on August 15, 2026, for regulated trading and custody infrastructure. At the product level, GOFR generated approximately $300 million in loan originations, and Galaxy Curator made yield strategies available to more than 2,400 institutional clients.
The potential development pipeline exceeded 5.7 gigawatts after Merlin, Caspian, and Selene were added to Helios, but a large portion of this capacity remains in the approval, development, and leasing stages. In August 2026, the governor of Texas directed both PUCT and ERCOT to review data center interconnection projects, delaying communication regarding the Batch Zero classification. Galaxy Digital has posted financial guarantees of $50 million for Helios III and $45 million for Selene, but it must still complete regulatory and execution procedures before converting potential capacity into operating assets.
