Galaxy Digital Stock Rises 5% Despite ₱13.21 billion ($216 million) Q1 Loss
Galaxy Digital's net loss narrowed to ₱13.21 billion ($216 million) in Q1 2026, down from a ₱29.49 billion ($482 million) deficit in Q4 2025. The company also delivered its first data hall to CoreWeave during the quarter as part of its AI infrastructure expansion.
Key Takeaway
Galaxy's loss narrowed by more than half quarter-over-quarter, driving the stock higher despite red ink.
Galaxy Digital stock climbed 5% after the company reported a ₱13.21 billion ($216 million) net loss for Q1 2026. The loss marks a sharp improvement from the $482 million deficit Galaxy posted in Q4 2025. Investors seemed to focus on the narrowing gap rather than the red ink itself, sending shares higher in trading.
Galaxy delivered its first data hall to CoreWeave during the quarter, a move tied to the company's push into AI infrastructure. Regulators approved Galaxy's plan to double Helios data center capacity from 800 MW to 1.6 gigawatts, which had fueled a stock surge earlier this year.
Analysts remain bullish despite the quarterly loss. Rosenblatt Securities raised Galaxy's price target from $35 to $44 last October, and the firm maintains a unanimous Strong Buy rating across four analyst firms. Eighty-eight percent of 16 analyst ratings grade Galaxy as a Buy.
Galaxy also executed a $200 million stock buyback plan during the period, a signal of management confidence that likely contributed to the positive investor response. The buyback reduces share count and can prop up earnings per share even when absolute profits remain negative. The company reported record net income in Q3 2025, giving investors a baseline for comparison as Galaxy works through the latest quarter's $216 million loss.
This article was written based on reporting from BeInCrypto.
