Galaxy Digital Inc. (GLXY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Galaxy Digital First Quarter 2026 earnings call. Today's call is being recorded. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. At this time, I would like to turn the conference over to Jonathan Goldowski, Head of Investor Relations. Please go ahead, sir. Good morning and welcome to Galaxy's first quarter 2026 earnings call. Before we begin, please note that our remarks, including answers to your questions, may include forward-looking statements. Actual results could differ materially from those described in these statements as a result of various factors, including those identified in the disclaimers in our earnings release or other filings, which have been filed with the U.S. Securities and Exchange Commission and on CDAR+. Forward-looking statements speak only as of today and will not be updated. Additionally, we may discuss references to non-GAAP metrics, the reconciliations of which can also be found in our earnings release. Finally, none of the information on this call constitutes a recommendation, solicitation, or offer by Galaxy or its affiliates to buy or sell any securities. With that, I'll turn it over to Mike Novogratz, founder and CEO of Galaxy. Yeah, good morning, everyone. Listen, you know, first quarter crypto prices down on average at 25%. You can see our headline number certainly isn't what we'd like to be delivering quarter after quarter. All that said, I feel pretty good about the business right now. And so. You know, you come into this earnings call and I thought, well, let's break it down, data centers and then crypto and give you just how I'm seeing it from th...