Galaxy Digital Inc. (GLXY) Q2 2025 Earnings Call Transcript


Galaxy Digital Inc. (NASDAQ:GLXY) Q2 2025 Earnings Conference Call August 5, 2025 8:30 AM ET

Company Participants

Anthony Philip Paquette – Chief Financial Officer
Christopher C. Ferraro – President & Chief Investment Officer
Jonathan Goldowsky – Head of Investor Relations
Michael Edward Novogratz – Founder, CEO & Director

Conference Call Participants

Christopher Charles Brendler – Rosenblatt Securities Inc., Research Division
Devin Patrick Ryan – Citizens JMP Securities, LLC, Research Division
Edward Lee Engel – Compass Point Research & Trading, LLC, Research Division
Gregory Robert Lewis – BTIG, LLC, Research Division
James Edwin Yaro – Goldman Sachs Group, Inc., Research Division
Jonathan Michael Petersen – Jefferies LLC, Research Division
Joseph Anthony Vafi – Canaccord Genuity Corp., Research Division
Matthew Evan Galinko – Maxim Group LLC, Research Division
Patrick Malcolm Moley – Piper Sandler & Co., Research Division
Thomas Edward Shinske – Cantor Fitzgerald & Co., Research Division

Operator

Good morning, and welcome to the Galaxy Digital Second Quarter 2025 Earnings Call. Today’s call is being recorded. [Operator Instructions]

At this time, I would like to turn the conference over to Jonathan Goldowsky, Head of Investor Relations. Please go ahead, sir.

Jonathan Goldowsky

Good morning, and welcome to Galaxy’s second quarter 2025 earnings call. Before we begin, please note that our remarks, including answers to your questions, may include forward-looking statements. Actual results could differ materially from those described in these statements as a result of various factors, including those identified in the disclaimers in our earnings release or other filings, which have been filed with the U.S. Securities and Exchange Commission and on SEDAR+. Forward-looking statements speak only as of today and will not be updated.

Additionally, we may discuss references to non-GAAP metrics, the reconciliations of which can also be found in our earnings release. Finally, none of the information on this call constitutes



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