Galaxy stock rallies 11% after annual report shows core business profitable despite $241 million net loss
The Block
Galaxy shares jumped 11% as the company reported a profitable core business, offsetting a $241 million annual net loss.Summary
Galaxy shares climbed over 11% following the release of its 2025 annual report. Despite recording a $241 million net loss primarily due to unrealized investment losses, the firm highlighted that its core operating business remained profitable on an adjusted basis. CEO Mike Novogratz emphasized the company's focus on blockchain infrastructure and AI data centers, noting that its core digital asset services generated $505 million in adjusted gross profit.
(Source：The Block)