Galaxy Digital swings to $323M Q3 profit and adds a $200M buyback

Investment gains and a fast-growing data center business powered Galaxy's rebound from an $85 million second-quarter loss Galaxy Digital spent the second quarter of 2026 in the red. Three months later, it is posting a $323 million net income for the third quarter. The prior quarter’s figure was an $85 million loss. That is a sharp reversal for one quarter, and the board is marking it with another $200 million share repurchase authorization. Most of the swing came from investment gains in Galaxy’s Treasury & Corporate segment. When the assets a company holds on its own balance sheet rise in value, those gains flow straight to the bottom line. The more durable story sits in the data center business.

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