Galaxy Digital Inc. · NASDAQ:GLXY
Galaxy Digital — Q3 2025 Earnings Presentation
19 slides from Galaxy Digital's earnings presentation, Oct 21, 2025
Slide 1: Galaxy Q3 2025
1 GALAXY Investor.galaxy.com Q3 · 25 As of September 30, 2025
Slide 2: Disclaimer
2 GALAXY This document, and the information contained herein, has been provided to you by Galaxy Digital Inc . and its affiliates (“Galaxy Digital” or “Galaxy”) solely for informational purposes . This document may not be reproduced or redistributed in whole or in part, in any format, without the ex
Slide 3: Company Snapshot
3 GALAXY Company Snapshot Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and AI Complementary offerings across two main operating businesses: $3.2B Equity Capital Digital Assets Data Centers $505M Q3 2025 Net Incom
Slide 4: Galaxy Leadership Team
4 GALAXY Galaxy Leadership Team Mike Novogratz A deep bench of experts in capital markets, asset management, digital assets, investing, Founder & CEO and technology. Chris Ferraro President & CIO Michael Ashe Sebastian Benkert Rob Cornish Francesca Don Angelo Head of Strategy & Chief Marketing Offic
Slide 5: Our Opportunity
5 GALAXY Our Opportunity
Slide 6: Digital Assets | Early Innings of a Massive Opportunity
6 GALAXY Digital Assets | Early Innings of a Massive Opportunity Digital Assets See Significant Growth Potential in Global Wealth Allocation Digital Assets Positioned for Institutional Growth Value of Global Assets Transformational Asset Class $393T Over $700 trillion in assets could be tokenized as
Slide 7: Data Centers | Early Innings of a Massive Opportunity
7 GALAXY Data Centers | Early Innings of a Massive Opportunity Global Demand for Data Center Capacity Expected to Quadruple by 2030 Helios Positioned to Succeed in a Supply -Constrained Market Global Data Center Demand • The U.S. faces a projected 15+ GW supply shortfall by 2030 • Meeting this deman
Slide 8: Digital Assets
8 GALAXY Global Markets Asset Management & Infrastructure Solutions Digital Assets Serving the digital asset ecosystem end -to-end.
Slide 9: Global Markets
9 GALAXY DIGITAL ASSETS PLATFORM Global Markets Asset Management & Infrastructure Solutions Global Markets Franchise Trading Investment Banking Sell -side trading desk offering s pot and derivative Specialized crypto and financial advisory services to global public over -the-counter trading, lending
Slide 10: Asset Management & Infrastructure Solutions
10 GALAXY DIGITAL ASSETS PLATFORM Global Markets Asset Management & Infrastructure Solutions Asset Management & Infrastructure Solutions COMBINED AUM & AUS 2 Asset Management Infrastructure Solutions High-conviction investing across public and private markets in Institutional-grade staking and custo
Slide 11: Digital Asset Treasury Management
11 GALAXY DIGITAL ASSETS PLATFORM Global Markets Asset Management & Infrastructure Solutions Digital Asset Treasury Management Galaxy provides the platform, infrastructure, and strategic support to help companies unlock crypto’s full potential 001 Self -Directed Treasury Teams Leverage Galaxy Tradin
Slide 12: GalaxyOne
12 GALAXY DIGITAL ASSETS PLATFORM Launched on October 6, 2025 GalaxyOne GalaxyOne brings institutional -quality financial products and services to U.S. individual investors in a unified digital experie nce INITIAL PRODUCT OFFERINGS ✓ Open an account in under 5 minutes with in -app verification for U
Slide 13: Balance Sheet Net Digital Asset and Investment Exposure
13 GALAXY Balance Sheet Net Digital Asset and Investment Exposure Treasury & Corporate Net Digital Asset and Investment Exposure, Forward Industries (Nasdaq: FORD) Excluding Derivatives In September 2025, Forward Industries, a global design firm serving the The Company’s Treasury & Corporate segment
Slide 14: Data Centers
14 GALAXY Data Centers High-Performance Computing Infrastructure Data Centers Developing infrastructure for an AI -enabled future.
Slide 15: Galaxy is well-positioned to be a leader in high-performance computing infrastructure
15 GALAXY DATA CENTERS Data Centers High-Performance Computing Infrastructure Galaxy is well -positioned to be a leader in developing and operating high -performance computing infrastructure Helios Data Center Campus The Helios Data Center Campus is Galaxy’s flagship facility that sits within the ER
Slide 16: AI and HPC Infrastructure
16 GALAXY DATA CENTERS Data Centers High-Performance Computing Infrastructure AI and HPC Infrastructure CoreWeave, as our anchor tenant, has committed to a total of 526 MW of critical IT capacity for a period of 15 years, generating an anticipated average annual revenue of over $1B for the combined
Slide 17: Helios Construction Update As of September 2025
17 GALAXY Helios Construction Update As of September 2025 7 6 4 2 1 5 4 3 4 1. Galaxy’s 345 kV substation 2. Chiller Yard 3. Data Center Building 4. Electrical Yards Our privately owned 345 kV grid connected Specialized chiller systems provide Secure, purpose -built facility spanning over The electr
Slide 18: Appendix
18 GALAXY Appendix
Slide 19: Reconciliation of Non-GAAP Metrics
19 GALAXY APPENDIX Reconciliation of Non -GAAP Metrics ($ in thousands) Reconciliation to Adjusted Gross Profit Three Months Ended September 30, 2025 Revenues and gains / (losses) from operations $29,218,853 (-) Transaction expenses 28,292,777 (-) Impairment of digital assets 197,702 Adjusted gross