Galaxy Digital Share Price Dips 14% Despite Strong Q3 Earnings Growth

Galaxy Digital GLXY shares have lost 14% since the company reported third-quarter 2025 results on Oct. 21. The broader cryptocurrency market has experienced a sell-off, which has put downward pressure on GLXY and other crypto-related stocks.However, in the third quarter of 2025, GLXY reported earnings of $1.12 per share against the year-ago quarter’s loss of 10 cents per share. The bottom line surpassed the Zacks Consensus Estimate by 194.74% Revenues of $28.4 billion climbed 231.4% year over year and beat the consensus mark by 43.12%. Galaxy Digital shares have gained 63.8% year to date, outperforming the Zacks Finance sector’s 12.8% return.Galaxy Digital Inc. Price, Consensus and EPS Surprise Galaxy Digital Inc. price-consensus-eps-surprise-chart | Galaxy Digital Inc. QuoteGLXY Q3 Operating DetailsGalaxy Digital reported an adjusted gross profit of $728 million, representing a 143% increase from $299 million in the second quarter of 2025. Segment-wise, Digital Assets reported an adjusted gross profit of $318 million, up 345% from $71.4 million on a sequential basis.Data Centers reported adjusted gross profit of $2.7 million. Treasury & Corporate reported adjusted gross profit of $408 million, up 79% from $228 million in the second quarter of 2025.Operating expenses increased 227% year over year to $28.67 billion. General and administrative expenses decreased 10 bps year over year.Net income was $505 million against the year-ago quarter’s loss of $33.3 million. The figure marked a 1,546% increase sequentially.Galaxy Digital achieved an adjusted EBITDA of $629 million in the third quarter of 2025, representing a 198% increase compared to $211 million in the second quarter of 2025. In the reported quarter, Digital Assets, Treasury & Corporate and Data Centers contributed $250 million, $376 million and $3.7 million, respectively, in adjusted EBITDA.GLXY Balance Sheet DetailsAs of Sept. 30, 2025, Galaxy Digital had cash and cash equivalents of $1.13 billion compared with $691.3 million as of June 30, 2025.As of Sept. 30, 2025, the company reported total equity of $3.2 billion and holdings of $1.9 billion in cash and stablecoins.Zacks Rank & Stocks to ConsiderGalaxy Digital currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Finance sector are Alerus Financial ALRS, Ameriprise Financial AMP, and American Tower AMT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Alerus Financial is set to report third-quarter 2025 results on Oct. 30. Alerus Financial shares have lost 35.1% year to date.Ameriprise Financial is slated to report third-quarter 2025 results on Oct. 30. Ameriprise Financial shares have gained 4.5% year to date.American Tower is set to report third-quarter 2025 results on Oct. 28. American Tower shares have surged 186.8% year to date.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Alerus Financial (ALRS): Free Stock Analysis Report Galaxy Digital Inc. (GLXY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks