Galaxy Digital prepares for Q1 result filing with lowered expectations

Galaxy Digital will post Q1 results before opening hours on Tuesday. The investment company will give a lagging indicator of the overall crypto market performance. 

Galaxy Digital (Nasdaq: GLXY) is expected to post weakened results in Q1, with negative earnings per share. Q1 was a challenging period for crypto markets, with multiple indicators softening further. The quarter was exacerbated by several high-profile hacks and an overall fearful sentiment. 

Reminder that Galaxy will release Q1 2026 financial results before market open on Tuesday, April 28.

CEO and Founder @novogratz, along with members of management, will host a conference call to provide an update on activities and results. pic.twitter.com/8EBjBhYwsi

— Galaxy (@galaxyhq) April 27, 2026

Mike Novogratz’s fund has been active during previous boom cycles and has supported the growth of Solana. Now, the fund will face a reckoning with the weakened market. 

Ahead of the news, GLXY shares traded at $24.90, with a minimal net gain for the year to date. The stock is still up by over 62% for the past 12 months. 

Galaxy Digital faces expectations of weaker profits

The upcoming report may reveal earnings per share of negative $0.93, indicating Galaxy Digital has struggled to remain profitable. The weakening crypto market led to nine downward revisions of the Q1 result for the past three months. 

Galaxy Digital adds to the overall negative sentiment of the crypto market. Despite this, GLXY shares are still considered undervalued. At the same time, GLXY stock comes with a mostly positive rating and buy recommendations. 

The results of Galaxy Digital may change the general sentiment and outlook for both crypto investors and mainstream stock buyers. The Q1 results will also show how successfully Galaxy Digital managed to pivot from its less successful crypto projects.

GLXY shows slower trading of its tokenized version

As Cryptopolitan reported, Galaxy Digital was among the first Nasdaq-listed companies to tokenize its native GLXY shares. 

About six months after the listing, GLXY shares show limited on-chain activity. In April, the company retired over 30K shares from its on-chain offerings. The biggest problem is the lack of adoption and trading, as only 81 holders hold a Solana version of the Galaxy common stock.

The company has only tokenized 0.0075% of its shares on Solana, more as a proof of concept than a viable trading venue. The shares are also not accessible to crypto natives to trade, mint, or redeem. 

Ahead of the report, Galaxy Digital holds over $609M in crypto assets, with 4.56K BTC and 42,000 ETH. The fund invested in multiple tokens from previous bull markets, including Terra (LUNA).

As of April 2026, the Galaxy Digital assets are mostly in the red, as the portfolio contains multiple tokens with no viable projects. Galaxy Digital has shifted from crypto to an AI play, currently building its 1.6 gW Helios campus for AI computation. 

The campus inherits the Galaxy Digital mining facilities in Texas and has the advantage of established energy infrastructure and contracts. The company has secured $1.4B in financing for its AI pivot, expected to complete the first stage of the Helios project.