Galaxy Digital Posts Q3 Results, Board Clears Fresh $200M Buyback
GLXY sits 16% above its 52-week low of $14.185.
Summary
Galaxy Digital released Q3 2026 results showing EPS of 66c and revenue of $8.06B, with net income rebounding on investment gains, and its board authorized a new buyback of up to $200M, after completing the prior $200M program on Oct. 15. The company ended September with $3.0B of equity capital, which gives it room to keep funding the AI/HPC data center buildout through crypto swings. The buyback is discretionary on timing and size, so it is more of a floor under the stock than a demand driver. This follows the Q2 print that showed an $85.3M net loss alongside the first Helios data center leasing revenue.
At the time of this announcement, GLXY was trading at $16.43 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $6.1B. The 52-week trading range was $14.19 to $41.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.