Galaxy reported a $241 million full-year net loss, while adjusted EBITDA and digital assets gross profit remained positive, suggesting investors focused on operating performance after the earnings release.
Galaxy Digital reported a full-year net loss of about $241 million, but posted about $216 million in adjusted EBITDA and about $505 million in adjusted gross profit from its digital assets business. Shares rose more than 11% following the earnings release, indicating the market responded positively to the company’s operating profitability despite the net loss.