Galaxy Digital reported a net loss of $241 million for the year, but its core business achieved profitability

According to The Block, Galaxy Digital's annual report shows that the company recorded a net loss of approximately $241 million for the year, primarily affected by unrealized losses in digital assets and investment positions.

Adjusted data indicates that the company achieved an EBITDA of approximately $216 million, with core operating business profitable under non-GAAP accounting standards. Among them, the digital asset business, which includes trading, lending, asset management, and staking services, recorded an adjusted gross profit of approximately $505 million. Following the release of the financial report, the company's stock price rose by over 11%.