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Falling digital asset prices handed Galaxy Digital (GLXY) an $85 million net loss for the second quarter of 2026, and the stock responded on August 5 with an 11.92% drop to $19.50.
Net loss is the amount by which a company's total costs exceed its total revenue in a given period.
For a firm carrying roughly $1.82 billion in digital assets on its books, a broad token selloff moves straight through to the income statement.
What the quarter actually showed Adjusted EBITDA, a metric that strips out interest, taxes, depreciation and amortization to approximate operating performance, came in at a loss of $77 million.
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