Galaxy published its third quarter 2026 results one quarter after an $85M net loss, with the turnaround driven mostly by gains in its treasury and investments book.

Net income reached $323M, with adjusted EBITDA of $455M and adjusted EPS of $0.83.

The board approved an additional $200M share repurchase authorization. Galaxy has bought back 9.8 million shares year to date and ended the quarter with $4.9B in cash, stablecoins and U.S. Treasuries.

Data centers are taking a larger share of the business: segment adjusted gross profit rose to $79M from $20M, and the gross power pipeline now tops 5.7 GW. Assets under management and stake grew 46% to $10.4B.