Galaxy Books $323 Million Q3 Profit as Its Own Investments Rebound

Galaxy Digital (Nasdaq: GLXY) reported a $323 million net profit for the third quarter on Oct. 27, with most of the improvement coming from the segment that holds the firm’s own digital asset and investment positions. The company lost $85 million in the second quarter. In the three months ended Sept. 30, its Treasury & Corporate segment generated $419 million of Galaxy’s $569 million in adjusted gross profit , after posting a $42 million loss on that measure in Q2. Adjusted EBITDA came to $455 million , compared with negative $77 million a quarter earlier. Both adjusted figures are non-GAAP measures.

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