Galaxy Digital

GLXYNASDAQFinancial Services● Active

$28.81

+$3.67(+14.60%)

Market Cap$9.6B

P/E Ratio—

52W High$45.92

52W Low$16.43

Avg Volume5.3M

Open$26.28

Beta3.60

Overview

Galaxy Digital (GLXY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GLXY · free cash flow · updated Jun 8, 2026

Core FCF metrics

GLXY · FCF · TTM · margin & CAGR

Free cash flow was −$1.45B for FY2025 (fiscal year ending 2025-12-31), down 7712.2% year-over-year The FCF margin was -2.4%.

FY2025 Free Cash Flow−$1.45B▼ -7712.2% YoY

Trailing 12M (TTM)−$1.97Btrailing 4 quarters sum

FCF Margin-2.4%−$1.45B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GLXY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$256.5M(1.19B)−$1.45B▼ 7712.2%-2.4%

FY2024−$18.5M(0M)−$18.5M▼ 12.3%-0.0%

FY2023−$16.5M(0M)−$16.5M▲ +78.5%—

FY2022−$76.8M(0M)−$76.8M▼ 292.8%—

FY2021−$19.5M(0M)−$19.5M▼ 6028.6%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GLXY · P/FCF · FCF yield · FCF per share

Galaxy Digital (GLXY) reported negative free cash flow of −$1.45B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GLXY · cash flow statement · operating / investing / financing

For FY2025, Galaxy Digital generated −$256.5M in operating cash flow and spent 1.19B in capital expenditures, yielding −$1.45B in free cash flow.

Operating Activities

−$256.5M

Cash from core business operations

2025-12-31

Investing Activities

−$1.29B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$2.39B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$256.5M) − |CapEx| (1.19B) = FCF (−$1.45B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

GLXY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Galaxy DigitalYOU

GLXY

−$1.45B-7712.2%-2.4%

Loss

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Galaxy Digital (GLXY) reported free cash flow of −$1.45B for FY2025 (fiscal year ending 2025-12-31), down 7712.2% year-over-year. The FCF margin was -2.4%.

Galaxy Digital has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 11 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GLXY free cash flow · 8 questions

Galaxy Digital free cash flow was −$1.45B for FY2025, down 7712.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.97B.

GLXY free cash flowGLXY FCFGLXY FCF 2025GLXY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Galaxy Digital · Galaxy Digital SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026