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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Galaxy Digital's Sloan Ratio for the quarter that ended in Mar. 2026 was 24.79%.
As of Mar. 2026, Galaxy Digital has a Sloan Ratio of 24.79%, indicating there is a warning stage of accrual build up.
Galaxy Digital (NAS:GLXY) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Galaxy Digital has a Sloan Ratio of 24.79%, indicating there is a warning stage of accrual build up.
Galaxy Digital Sloan Ratio % Related Terms
Galaxy Digital Sloan Ratio % Historical Data
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The historical data trend for Galaxy Digital's Sloan Ratio % 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.
For the Capital Markets subindustry, Galaxy Digital's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Galaxy Digital's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Galaxy Digital's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Galaxy Digital's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Galaxy Digital's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 25.936 (Jun. 2025 ) + 713.525 (Sep. 2025 ) + -389.947 (Dec. 2025 ) + -216.311 (Mar. 2026 ) = $133 Mil.
Galaxy Digital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 169.876 (Jun. 2025 ) + 427.659 (Sep. 2025 ) + -1073.584 (Dec. 2025 ) + -83.349 (Mar. 2026 ) = $-559 Mil.
Galaxy Digital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -406.677 (Jun. 2025 ) + -367.892 (Sep. 2025 ) + -580.11 (Dec. 2025 ) + -429.514 (Mar. 2026 ) = $-1,784 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.
Galaxy Digital (GLXY) has a Sloan Ratio % of 24.79% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Galaxy Digital and its competitors.
Is Galaxy Digital's Sloan Ratio % too high?
Galaxy Digital's current Sloan Ratio % is 24.79%. 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 Sloan Ratio % compare to MARA and BGC?
Galaxy Digital's Sloan Ratio % of 24.79% 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 Sloan Ratio % for a Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Galaxy Digital and its competitors. Galaxy Digital's current Sloan Ratio % is 24.79%. 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 (GLXY) has a current Sloan Ratio % of 24.79%. The current Sloan Ratio % is 24.79%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Galaxy Digital (GLXY), the current Sloan Ratio % is 24.79% 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 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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