Galaxy Digital (TSX:GLXY) EBIT: C$-191 Mil (TTM As of Mar. 2026)


TSX:GLXY Galaxy Digital Inc TSX:GLXY
38 GF Score
Price C$28.26
! 5 Warning Signs
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What is Galaxy Digital EBIT?

Galaxy Digital TSX:GLXY 38 EBIT is C$-191 Mil as of Mar. 2026. GuruFocus rates TSX:GLXY with a GF Score™ of 38/100. The stock has 5 warning signs investors should review.

Galaxy Digital's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$-298 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$-191 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Galaxy Digital's annualized ROC % for the quarter that ended in Mar. 2026 was 4.16%. Galaxy Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -30.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Galaxy Digital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.88%.

Galaxy Digital  (TSX:GLXY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Galaxy Digital's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=366.144 * ( 1 - 7.78% )/( (8490.263 + 7728.37)/ 2 )
=337.6579968/8109.3165
=4.16 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15654.678 - 3103.264 - ( 4061.151 - max(0, 7327.239 - 11747.736+4061.151))
=8490.263

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13708.998 - 2611.956 - ( 3368.672 - max(0, 5604.473 - 9522.522+3368.672))
=7728.37

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Galaxy Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1190.792/( ( (1963.184 + max(2010.503, 0)) + (2439.214 + max(1460.53, 0)) )/ 2 )
=-1190.792/( ( 3973.687 + 3899.744 )/ 2 )
=-1190.792/3936.7155
=-30.25 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.92 + 0 + 5369.825) - (3103.264 + 0.608 + 302.37)
=2010.503

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(141.579 + 0 + 4235.373) - (2611.956 + 0 + 304.466)
=1460.53

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Galaxy Digital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-191.333/10200.648
=-1.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Galaxy Digital EBIT Related Terms

Galaxy Digital EBIT Historical Data

* Premium members only.

The historical data trend for Galaxy Digital's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Galaxy Digital EBIT Chart

Galaxy Digital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.44 -3.37 364.53 513.73 -291.67

Galaxy Digital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -412.70 77.09 774.17 -744.90 -297.70

TSX:GLXY vs MARA, PIPR, BGC: EBIT Comparison

For the Capital Markets subindustry, Galaxy Digital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Galaxy Digital EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Galaxy Digital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Galaxy Digital's EV-to-EBIT falls into.


TSX:GLXY
38GF Score
Galaxy Digital Inc TSX:GLXY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Galaxy Digital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-191 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of C$-191 Mil mean?
Galaxy Digital (TSX:GLXY) has a EBIT of C$-191 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Galaxy Digital.
Is Galaxy Digital's EBIT too high?
Galaxy Digital's current EBIT is C$-191 Mil. Overall, Galaxy Digital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Galaxy Digital's EBIT compare to MARA and PIPR?
Galaxy Digital's EBIT of C$-191 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Galaxy Digital. Galaxy Digital's current EBIT is C$-191 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galaxy Digital stock overvalued right now?
Galaxy Digital (TSX:GLXY) has a current EBIT of C$-191 Mil. The current EBIT is C$-191 Mil. Galaxy Digital's overall GF Score™ is 38/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Galaxy Digital (TSX:GLXY), the current EBIT is C$-191 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Galaxy Digital Business Description

Address 300 Vesey Street, New York, NY, USA, 10282
Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment.
38GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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