Galaxy posts $323 million Q3 net profit, resumes $200 million buyback

On October 28, according to The Block, Galaxy Digital (GLXY) released its Q3 2026 earnings report. Net income reached $323 million, marking a turnaround from an $85 million loss in the prior quarter. Adjusted gross profit and adjusted EBITDA were $569 million and $455 million, respectively. During the period, digital asset trading volume rose 12% quarter-over-quarter, while the average loan balance increased 27% to $1.8 billion; adjusted gross profit for the data center business hit $79 million, approximately four times that of the previous quarter. As of the end of September, total assets under management and staking stood at $10.4 billion. Furthermore, on October 26, the board authorized a new $200 million Class A common stock repurchase program, with no expiration date.