Galaxy Digital reports second-quarter revenue miss, shares fall roughly 7%

Galaxy Digital posted Q2 2026 revenues of $8.711 billion, a 15% decline from the $10.213 billion it reported in the first quarter. Shares responded the way shares tend to respond to revenue misses: they dropped approximately 7.23% in pre-market trading. The numbers behind the miss The sequential decline hit hard, but the damage wasn’t uniform across Galaxy’s business lines. The company’s net loss actually improved meaningfully, shrinking to $85 million (roughly $0.09 per share) from $216 million in Q1 2026. The digital assets segment showed some life. Adjusted gross profit from that business climbed 34% quarter-over-quarter to $66 million. Total equity stood at $2.7 billion as of June 30, 2026. Cash and stablecoins on hand totaled $2.46 billion. The data center play is getting real The company’s data centers segment generated an adjusted gross profit of $20 million and adjusted EBITDA of $11 million during the quarter. Galaxy’s Helios campus completed its first full quarter of revenue generation. The facility has begun producing revenue through a partnership with CoreWeave, the GPU cloud computing company. Phase I of the data center operation is expected to generate approximately $...