Galaxy's annual report: Net loss of $241 million for the year, but core business achieved profitability.

CoinFeed reported on April 10th that Galaxy Digital's stock price rose over 11% after releasing its annual report, despite a net loss of $241 million for the year. The company reported an adjusted annual gross loss of $86 million and adjusted EBITDA of $216 million, primarily due to unrealized losses on digital assets and investment positions. However, its core operating business remained profitable under adjusted non-GAAP accounting standards. The digital asset segment (covering trading, lending, asset management, and staking services) achieved an adjusted gross profit of $505 million. CEO Mike Novogratz stated that the company's established institutional marketplace, asset management, on-chain infrastructure, and AI data center platform are well-suited to current market demands. GLXY closed at $21.15 on Wednesday, up 11.3%.