Galaxy Digital reported a net loss of $216 million for Q1 2026, according to its earnings report released today. The loss was driven by declines in crypto asset values during the quarter. The company posted an adjusted EBITDA loss of $188 million and adjusted gross loss of $88 million. As of March 31, Galaxy held $2.8 billion in total shareholder equity and $2.6 billion in cash and stablecoins. The firm managed $5 billion in digital assets and $3.2 billion in staked assets, with BlackRock selecting Galaxy as a validator for its iShares Staked Ethereum Trust ETF.
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