Galaxy Digital posted a net loss of $85 million in the second quarter of 2026. The results reflected a decline in digital asset prices during the quarter.

Loss per share was $0.09. Revenue was $8.7 billion, down 15 percent from $10.2 billion in the previous quarter, and missed a Wall Street estimate of $12.7 billion compiled by Yahoo Finance.

A weaker crypto market in the second quarter was cited as a factor behind the poor performance. The total cryptocurrency market value, based on CoinMarketCap, fell about 15 percent to $2.0 trillion on June 30 from $2.35 trillion on April 1.

The shares fell in premarket trading. Galaxy Digital shares were down 6.2 percent at $20.70 in premarket trading on Aug. 5 local time.

Profitability improved in some businesses. The digital assets segment posted adjusted gross profit of $66 million and adjusted EBITDA of $11 million in the second quarter.

Galaxy Digital said the trend showed the resilience of its business model. It said its earnings structure was also changing to rely less on the direction of digital asset prices.

The AI data center segment posted adjusted gross profit of $20 million in the second quarter. Galaxy Digital said the results reflected the impact of increasing capacity for equipment it provides to CoreWeave.