Galaxy Digital (GLXY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q2'21 | Q1'21 | Q1'20 |
|---|
| Cash from Operations | -32.9M | -1.07B | 433.17M | 150.31M | 159.41M | 77K | -3.54M | 233.09M | -11.82M | 833K | -2.09M | -5.21M | -10.05M | -8.79M | -34.29M | -11.76M | -21.94M | -818K | 7.31M | 0 |
| Operating CF Margin % | -0.32% | -10.5% | 1.48% | 1.66% | 1.23% | 0% | -0.04% | 2.63% | -0.13% | - | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | -120.64% | -1394364.94% | 12339.79% | -35.51% | 1448.44% | -90.76% | -69.09% | 4575.65% | -17.64% | 109.48% | 93.9% | 55.71% | 54.2% | - | - | -1337.53% | -400.21% | - | - | 100% |
| Net Income | -92.15M | -481.67M | 208.47M | 14.5M | -295.43M | 34.72M | -16.43M | -49.42M | 109.99M | 371.53M | -68.78M | 60.4M | 91.62M | -190.5M | -156.38M | -153.36M | -22.43M | -49.24M | 202.1M | -6.16M |
| Depreciation & Amortization | 5.84M | 6.6M | 7.4M | 6.48M | 0 | 0 | 0 | 13.5M | 11.43M | 0 | 8.13M | 7.32M | 4.45M | 0 | 4.45M | 4.39M | 2.45M | 622K | 771K | 287.34K |
| Stock-Based Compensation | 0 | 15.14M | 0 | 0 | 0 | 0 | 0 | 11.8M | 18.13M | 0 | 18.86M | 15.87M | 23.5M | 0 | 27.95M | 31.27M | 22.92M | 13.73M | 7.31M | 1.62M |
| Deferred Taxes | -5.66M | -28.97M | 100.65M | -22.33M | -7.15M | 49.7M | -475K | -12.26M | 27.81M | 37.07M | -5.54M | 979K | 3.7M | -47.84M | 379K | -18.9M | -46.11M | -32.53M | 32.53M | 0 |
| Other Non-Cash Items | -161.94M | -10.87M | -473.86M | -215.56M | 150.13M | -63.76M | 19.68M | 274.66M | -171.23M | -407.61M | 48.92M | -83.59M | -123.97M | 201.09M | 133.29M | 150.05M | 8.64M | 36.79M | -257.99M | 38.06M |
| Working Capital Changes | 221M | -573.81M | 590.52M | 367.21M | 285.52M | -20.59M | -6.32M | -5.19M | -7.95M | -158K | -3.68M | -6.18M | -9.34M | 28.47M | -43.97M | -25.21M | 12.58M | 29.82M | 22.6M | -33.81M |
| Change in Receivables | -72.56M | 82.84M | -32.27M | -36.83M | 66.28M | -2.19M | -24.28M | 9.58M | -9.41M | -21.31M | -21.2M | 10.56M | -11M | -19.62M | 1.53M | -5.57M | 0 | -21.91M | -84M | -5.29M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -14.2M | 0 | -1.2M | 37.6M | 0 | 0 | -2M | -55.57M | 57.57M | 0 | 38.45M | -4.65M | -33.03M | 0 | -124.39M | -7.75M | -63.65M | 181M | 74.14M | -2.71M |
| Cash from Investing | -429.51M | -580.11M | -372.45M | -412.93M | 64.1M | 6.64M | 440K | -32.01M | 13.32M | -621K | 4.22M | 3.26M | 0 | 27.5M | 48.84M | 33.2M | -2.14M | 0 | 0 | -11.42M |
| Capital Expenditures | -337.88M | -558.02M | -240.47M | -312.05M | 0 | 0 | -3.38M | -4.57M | -25.17M | 0 | -12.88M | -18.9M | -11.01M | 0 | -14.11M | -83.63M | -17.72M | -393K | -2.73M | 0 |
| CapEx % of Revenue | 3.31% | 5.46% | 0.82% | 3.45% | - | - | 0.04% | 0.05% | 0.27% | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 875.08M | 1.02B | 1.25B | 863.65M | 3.99B | 4.58B | 929.78M | 945.26M | 898.31M | 763.85M | 344.47M | 417.65M | 361.68M | 257.81M | 475.7M | 651.3M | 817M | 470.26M | 512.36M | 243.4M |
| Other Investing | -115.76M | 67.3M | -108.61M | -69.19M | 19.43M | 19.53M | 3.38M | 110.8M | 355.91M | -621K | -11.74M | -16.42M | 25.49M | 27.5M | 49.65M | 112.95M | -40.11M | 87.86M | -126.75M | -4.9M |
| Cash from Financing | 178.97M | 1.76B | 391.47M | 448.7M | -176.18M | -6.64M | 3.12M | 178.36M | -621K | 621K | -2.13M | 1.95M | 0 | -11.59M | -20.34M | -15.95M | 483K | 0 | 0 | -635.97K |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -76.39M | -4.08M | 44.73M | 486.73M | -3.29M | -6.64M | 3.12M | 108.97M | -621K | 621K | -2.13M | 1.95M | 0 | -11.59M | -20.34M | -15.62M | 155K | 0 | 0 | -2.31M |
| Dividends Paid | 0 | 0 | 0 | 9.44M | 0 | 0 | -9.58M | -8.98M | -36.7M | 0 | -2.09M | -20.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -79.99M | -4.08M | 0 | 3.29M | 0 | -5.92M | -775K | -13.04M | -774K | -8.33M | -2.34M | 0 | 0 | -12.29M | -21.61M | 0 | 0 | 0 | 0 | -2.31M |
| Other Financing | 55.55M | 330.96M | -44.47M | -73.04M | 0 | 0 | -27.86M | 143.67M | -144.34M | 0 | -46.5M | 24.26M | -223K | 0 | 2.68M | 27.79M | -91.16M | 25.64M | -42.16M | 1.73M |
| Net Change in Cash | -361.8M | 108.81M | 442.31M | 900.54M | 47.34M | 77K | 20K | 312.33M | 874K | 833K | 0 | 0 | -10.05M | 7.12M | -5.79M | 5.49M | -23.6M | -818K | 7.31M | 0 |
| Free Cash Flow | -370.79M | -1.63B | 192.7M | -161.74M | 67.77M | 77K | -51.92M | 203.36M | -11.82M | 833K | -2.09M | -5.21M | -10.05M | -8.79M | -34.29M | -11.76M | -21.94M | -818K | 7.31M | 0 |
| FCF Margin % | -3.63% | -15.96% | 0.66% | -1.79% | 0.52% | 0% | -0.6% | 2.29% | -0.13% | - | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | -647.12% | -2119072.73% | 471.17% | -179.54% | 673.26% | -90.76% | -2380.51% | 4004.69% | -17.64% | 109.48% | 93.9% | 55.71% | 54.2% | - | - | -1337.53% | -400.21% | - | - | 100% |
| FCF per Share | -1.93 | -8.58 | 1.10 | -1.13 | 0.53 | 0.00 | -0.41 | 1.66 | -0.11 | 0.01 | -0.02 | -0.04 | -0.08 | -0.08 | -0.32 | -0.11 | -0.22 | -0.01 | 0.08 | - |
| FCF Conversion (FCF/Net Income) | 0.35x | 5.49x | 2.08x | 10.37x | -0.54x | 0.00x | 0.29x | -5.14x | -0.03x | 0.00x | 0.03x | -0.09x | -0.11x | 0.05x | 0.22x | 0.08x | 0.98x | 0.02x | 0.04x | - |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.14M | 1.92M | 0 | 5.48M | 8.08M | 34K | 0 | 1.35M | -18.16M | 23.87M | 3.25M | 413K | 846.56K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.07M | 378K | 2.82M | 0 | 4.8M | 768K | -4.48M | 2.99M | 4.62M | 0 | 0 | 0 | 445.08K |