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Condensed Consolidated Interim Statements of Operations - Galaxy Digital Holdings, LP - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 42,596,673 $ 51,626,779 $ 119,825,847
Net gain / (loss) on digital assets 634,557 333,450 938,365
Net gain / (loss) on investments 258,791 97,827 (464,918)
Net gain / (loss) on derivatives trading 267,769 151,583 192,558
Revenues and gains / (losses) from operations 43,757,790 52,209,639 120,491,852
Operating expenses:      
Transaction expenses 42,741,776 51,592,423 120,995,931
Compensation and benefits 265,591 219,256 216,201
General and administrative 279,297 58,351 148,770
Technology 30,510 20,107 14,918
Professional fees 51,076 38,051 28,223
Notes interest expense 30,804 27,285 37,029
Total operating expenses 43,399,054 51,955,473 121,441,072
Other income / (expense):      
Unrealized gain / (loss) on notes payable – derivative (31,727) (9,603) 57,998
Other income / (expense), net 2,774 (135) 26,480
Total other income / (expense) (28,953) (9,738) 104,800
Net income / (loss) for the period, before taxes 329,783 244,428 (844,420)
Income tax expense / (benefit) (16,939) 15,914 (28,291)
Net income / (loss) 346,722 228,514 (816,129)
Loss for the year 0 0 (97,219)
Unit holders of the Company $ 346,722 $ 228,514 $ (718,910)