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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) - Galaxy Digital Holdings, LP | 3 Months Ended
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Mar. 31, 2025
Finite-Lived Intangible Assets [Line Items] |
Schedule of Goodwill | The following table reflects the changes in carrying amount of goodwill:
|  | Year Ended December 31, |  |  |  |
(in thousands) |  | 2024 |  | 2023 |  |  |  |  |  |
Balance, beginning of period |  | $ | 44,257 |  |  | $ | 24,645 |  |  |  |  |  |  |
Additions due to acquisitions (Note 3) |  | 13,780 |  |  | 19,612 |  |  |  |  |  |  |
Balance, end of period |  | $ | 58,037 |  |  | $ | 44,257 |  |  |  |  |  |  |
Schedule of Intangible Assets | The following table represents intangible assets and accumulated amortization as of the years ended December 31, 2024 and 2023:
(in thousands) |  | December 31, 2024 |  | December 31, 2023 |  |  |  |  |  |
Software technology(1) |  | $ | 40,508 |  |  | $ | 38,895 |  |  |  |  |  |  |
Other purchased defined-life intangible assets |  | 13,701 |  |  | 6,062 |  |  |  |  |  |  |
Indefinite-lived intangible asset |  | 1,761 |  |  | 1,761 |  |  |  |  |  |  |
Intangible assets, gross |  | 55,970 |  |  | 46,718 |  |  |  |  |  |  |
Less: Accumulated amortization |  | (18,619) |  |  | (6,735) |  |  |  |  |  |  |
Intangible assets, net |  | $ | 37,351 |  |  | $ | 39,983 |  |  |  |  |  |  |
__________________ (1)Includes capitalized equity based compensation of $3.1 million and $2.1 million as of December 31, 2024 and 2023, respectively.
Schedule of Future Amortization Expense | The Company estimates that there is no significant residual value related to its finite-life intangible assets. The expected future amortization expense for finite-life intangible assets for the next five years is as follows:
(in thousands) |  | Amounts
2025 |  | $ | 16,708 |
2026 |  | 8,549 |
2027 |  | 5,624 |
2028 |  | 4,306 |
2029 and beyond |  | 403 |
Total future amortization expense |  | $ | 35,590 |

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