For the quarter ending 2025-09-30, GLXY had $446,095K increase in cash & cash equivalents over the period. $189,609K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|
| Revenue | - | - | 12,976,206 |
| Net gain / (loss) on digital assets | - | - | -18,223 |
| Net gain / (loss) on investments | - | - | -133,167 |
| Net gain / (loss) on derivatives trading | - | - | 31,059 |
| Revenues and gains / (losses) from operations | - | - | 12,855,875 |
| Transaction expenses | - | - | 13,059,439 |
| Compensation and benefits | - | - | 56,953 |
| General and administrative | - | - | 86,575 |
| Technology | - | - | 9,887 |
| Professional fees | - | - | 20,772 |
| Notes interest expense | - | - | 14,071 |
| Total operating expenses | - | - | 13,247,697 |
| Unrealized gain / (loss) on notes payable - derivative | - | - | 89,606 |
| Other income / (expense), net | - | - | 672 |
| Total other income / (expense) | - | - | 90,278 |
| Net income / (loss) before taxes | - | - | -301,544 |
| Income tax expense / (benefit) | - | - | -6,112 |
| Income / (loss) for the period | - | - | -295,432 |
| Digital assets sales revenue | - | - | 5,535,721 |
| Digital assets sales cost | - | - | 5,552,501 |
| Net income / (loss) before taxes | 545,201 | -259,382 | - |
| Impairment of digital assets | - | - | 49,070 |
| Digital Assets | 0 | 0 | - |
| Data Centers | 0 | 0 | - |
| Treasury And Corporate | 40,145 | 5,358 | - |
| Income taxes expense / (benefit) | 40,145 | 5,358 | - |
| Income / (loss) for the period | 505,056 | -264,740 | - |
| Depreciation and amortization | - | - | 13,591 |
| Digital assets sales revenue | 9,276,063 | 7,528,053 | - |
| Other impairment | - | - | 49,222 |
| Digital assets sales cost | 9,249,395 | 7,526,992 | - |
| Equity based compensation | - | - | 13,738 |
| Impairment of digital assets | 63,794 | 85,368 | - |
| Noncash expense from borrowing | - | - | 25,327 |
| Provision for credit losses | 1,024 | - | - |
| Noncash lending and net staking income | - | - | 34,839 |
| Net (gain) / loss on digital assets | - | - | -18,223 |
| Depreciation and amortization | 7,397 | 20,071 | - |
| Other impairment loss | 38,029 | 49,222 | - |
| Equity based compensation | 10,885 | 27,591 | - |
| Noncash management fee | 56,925 | - | - |
| Net (gain) / loss on investments | - | - | -133,167 |
| Noncash borrowing costs | 43,098 | 60,715 | - |
| Noncash lending and net staking income | 39,480 | 61,993 | - |
| Net (gains) / losses from operations | -816,982 | -274,763 | - |
| Net unrealized (gain) / loss on notes payablederivative | 0 | -35,544 | - |
| Net (gain) /loss on derivatives trading | - | - | 31,059 |
| Noncash notes interest expense | 14,275 | 16,576 | - |
| Net unrealized gain / (loss) on notes payablederivative | - | - | 89,606 |
| Taxes | 99,050 | -28,951 | - |
| Noncash notes interest expense | - | - | 14,071 |
| Other noncash adjustments | -1,448 | 440 | - |
| Net deferred tax expense / (benefit) | - | - | -7,152 |
| Digital assets | -423,960 | -605,342 | - |
| Other noncash adjustments | - | - | 1,208 |
| Digital assets receivable | -2 | -9,154 | - |
| Digital assets | - | - | -198,148 |
| Derivative assets / liabilities | -26,173 | -89,074 | - |
| Digital assets receivable | - | - | -41,528 |
| Accounts receivable | 31,699 | -19,765 | - |
| Derivative assets / liabilities | - | - | -34,203 |
| Prepaid expenses and other assets | 38,954 | 13,576 | - |
| Accounts receivable | - | - | -24,753 |
| Other non-current assets | 140,395 | 0 | - |
| Prepaid expenses and other assets | - | - | 3,562 |
| Collateral receivable / payable | -4,598 | -50,268 | - |
| Assets posted as collateral | - | - | 0 |
| Accounts payable and accrued liabilities | -1,115 | 22,128 | - |
| Collateral payable | - | - | -25,577 |
| Other current liabilities | 132,079 | 18,471 | - |
| Accounts payable and accrued liabilities | - | - | -15,069 |
| Other non-current liabilities | 218,205 | -33,940 | - |
| Other current liabilities | - | - | 65,911 |
| Net cash provided by / (used in) operating activities | 427,659 | 329,289 | - |
| Other non-current liabilities | - | - | -34,815 |
| Proceeds from repayments and maturities of loans receivable | 65,470 | 70,718 | - |
| Net cash provided by / (used in) operating activities | - | - | 159,413 |
| Origination of loans receivable | 172,618 | 127,398 | - |
| Proceeds from paydowns and maturities of loans receivable | - | - | 64,072 |
| Purchase of property, equipment and intangible assets | 238,050 | 396,459 | - |
| Disbursements for loans receivable | - | - | 52,593 |
| Acquisitions | 0 | 1,000 | - |
| Purchase of property, equipment and intangible assets | - | - | 91,642 |
| Disposal of property and equipment | 3,392 | 7,954 | 7,954 |
| Purchase of investments | 1,256,668 | 1,285,456 | 645,333 |
| Proceeds and distributions from investments | 1,230,582 | 1,389,064 | 781,642 |
| Net cash provided by / (used in) investing activities | -367,892 | -342,577 | 64,100 |
| Payable to customers | -16,162 | -3,196 | -232 |
| Proceeds from loans payable | 78,043 | 75,021 | 61,921 |
| Repayments of loans payable | 91,000 | 77,421 | 32,470 |
| Margin loans payable, net | -18,341 | -160,104 | -194,920 |
| Proceeds from / (repayments of) notes payable, net of issuance costs | 416,153 | - | - |
| Share issuance, net of costs | 45,491 | 476,982 | 2,247 |
| Distributions | 9,427 | 39,881 | 9,436 |
| Cancellation of classa units withheld | 18,429 | 28,885 | 3,288 |
| Net cash provided by / (used in) financing activities | 386,328 | 242,516 | -176,178 |
| Net increase / (decrease) in cash and cash equivalents | 446,095 | 229,228 | 47,335 |
| Cash and cash equivalents at beginning of period | 691,331 | 509,438 | 462,103 |
| Cash and cash equivalents at end of period | 1,137,426 | 691,331 | 509,438 |
Galaxy Digital Inc. (GLXY)
Galaxy Digital Inc. (GLXY)