Galaxy Digital reports a full-year net loss of $241 million, with core business turning a profit.
According to The Block, the annual report published by Galaxy Digital shows that the company posted a net loss of approximately $241 million for the year, mainly due to unrealized losses on digital assets and investment positions.
Adjusted figures show that the company recorded earnings before tax, interest, depreciation, and amortization of about $216 million, with its core operating business profitable under non-GAAP standards. The digital asset segment, which includes trading, lending, asset management, and staking services, achieved an adjusted gross profit of approximately $505 million. Following the financial report's release, the company's share price rose by more than 11%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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