Galaxy Digital Holdings Ltd. (GLXY) saw its stock price soar by 5.03% during intraday trading on Tuesday, following the release of its first-quarter 2026 financial results.

The company reported an adjusted loss per share of $0.49 for the quarter, significantly beating analyst consensus estimates which ranged from a loss of $0.89 to $0.95. Revenue came in at $10.04 billion, also surpassing expectations of approximately $9.5 billion. The net loss narrowed to $216 million from $482 million in the prior quarter, while the adjusted EBITDA loss improved to $188 million from $518 million, indicating stronger operational performance despite a challenging digital asset market.

Positive corporate developments provided further support, including the delivery of the first data hall to CoreWeave at the Helios campus, marking the start of revenue-generating operations. The company also received regulatory approval to double its power capacity, repurchased $65 million worth of shares, and announced strategic initiatives such as being selected by BlackRock as a validator for a staked Ethereum ETF. Analyst sentiment remained favorable, with firms maintaining buy ratings and price targets well above the current trading level.