The firm posted an $85 million net loss for Q2 2026, driven almost entirely by falling cryptocurrency prices that hammered valuations across its digital asset holdings. Revenue dropped 15% from $10.2 billion in Q1, and the net loss worked out to $0.09 per share. Galaxy did manage an adjusted gross profit of $66 million for the quarter, and adjusted EBITDA came in at $11 million. The $20 million in Q2 AI gross profit is a start. Frequently Asked Questions What caused Galaxy Digital’s $85 million net loss in Q2 2026?