Galaxy Digital Inc. · NASDAQ:GLXY

Galaxy Digital — Q2 2025 Earnings Presentation

12 slides from Galaxy Digital's earnings presentation, Aug 5, 2025

1. Slide 1: Galaxy Digital Inc. Historical Select Financial Data as of Q2 2025

   Galaxy Digital Inc. Historical Select Financial Data as of Q2 2025 The information contained in this supplement speaks only as of the particular date or dates included in the accompanying pages. Galaxy Digital Inc. (the "Company") does not undertake an obligation to, and disclaims any duty to, updat

2. Slide 2: Consolidated Statements of Operations (Unaudited)

   Consolidated Statements of Operations (Unaudited) Three Months Ended Year Ended ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Consolidated Revenues and gains / (losses) from operations Digital asset sales 8,564,980 1

3. Slide 3: Reconciliation to Non-GAAP Adjusted Gross Profit and Adjusted EBITDA

   Reconciliation to Non-GAAP Adjusted Gross Profit Revenues and gains / (losses) from operations 9,056,649 12,855,875 16,352,366 8,712,290 8,864,711 9,828,423 52,209,639 Less: Impairment of digital assets 127,477 112,429 140,980 108,467 56,947 25,525 98,340 Less: transaction expenses 8,629,940 12,947,

4. Slide 4: Statements of Operations by Segment: Digital Assets

   Statements of Operations by Segment (Unaudited) Three Months Ended Year Ended ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Digital Assets Revenues and gains / (losses) from operations Digital asset sales 8,564,980 1

5. Slide 5: Reconciliation to Non-GAAP Adjusted Gross Profit (Digital Assets)

   Reconciliation to Non-GAAP Adjusted Gross Profit Revenues and gains / (losses) from operations 8,711,215 13,063,899 15,888,009 8,626,967 8,855,900 9,369,527 51,653,398 Less: impairment of digital assets 43,307 78,308 72,048 47,931 10,333 8,934 47,791 Less: transaction expenses 8,596,478 12,920,860 1

6. Slide 6: Statements of Operations by Segment: Data Centers

   Statements of Operations by Segment (Unaudited) Three Months Ended Year Ended ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Data Centers Revenues and gains / (losses) from operations Digital asset sales — — — — — — —

7. Slide 7: Reconciliation to Non-GAAP Adjusted Gross Profit (Data Centers)

   Reconciliation to Non-GAAP Adjusted Gross Profit Revenues and gains / (losses) from operations — — — — — — — Less: impairment of digital assets — — — — — — — Less: transaction expenses — — — — — — — Adjusted gross profit — — — — — — — Reconciliation to Non-GAAP Adjusted EBITDA Net income — (2,899) (

8. Slide 8: Statements of Operations by Segment: Treasury and Corporate

   Statements of Operations by Segment (Unaudited) Three Months Ended Year Ended ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Treasury and Corporate Revenues and gains / (losses) from operations Digital asset sales — —

9. Slide 9: Reconciliation to Non-GAAP Adjusted Gross Profit (Treasury and Corporate)

   Reconciliation to Non-GAAP Adjusted Gross Profit Revenues and gains / (losses) from operations 345,434 (208,024) 464,357 85,323 8,811 458,896 556,241 Less: impairment of digital assets 84,170 34,121 68,932 60,536 46,614 16,591 50,549 Less: transaction expenses 33,462 26,150 35,789 26,383 24,732 24,9

10. Slide 10: Balance Sheet Net Digital Asset and Investment Exposure (Unaudited)

    Balance Sheet Net Digital Asset and Investment Exposure (Unaudited) Period ended ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Net Digital Asset Exposure Bitcoin 748,147 516,628 808,778 848,757 642,406 875,546 441,59

11. Slide 11: Consolidated Statements of Financial Position (Unaudited)

    Consolidated Statements of Financial Position (Unaudited) ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 202

12. Slide 12: Statements of Financial Position by Segment (Unaudited)

    Statements of Financial Position by Segment (Unaudited) ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Digital Assets Total assets 3,575,486 3,169,254 3,723,814 2,751,744 2,514,739 2,877,544 1,978,031 Total liabilitie

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