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Galaxy Digital (GLXY) perpetual futures

Galaxy Digital operates digital asset and data center infrastructure businesses, offering trading, lending, advisory, and blockchain technology services.

$23.19-4.8%NASDAQ closed
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venue perp mark · Helix (Injective) (GLXY/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$21.9K
Open interest
$0
Best liquidity
-
Tightest spread
-
Highest volume
$21.9K
Helix (Injective)
Settlement mix
USDC · 1/1
Perp/spot vol.
0.00x
Spot volume $96.1M
OI / float
0.00%
Float $2.5B
Spot performance
1D-4.76%
5D-5.03%
1M+11.52%
6M+7.82%
YTD+4.79%
1Y-3.02%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Helix (Injective)TradeGLXY/USDCTrading$23.19+3.6% APR
+0.00042% every 1h		--$21.9K-USDC6x

Also listed on Helix (Injective)

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Tradability

Execution quality

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

GLXY
Helix (Injective) · GLXY/USDC$21.9K

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$7.8B
Updated 1h ago
Revenue
$58.4B
Trailing 12 months
Revenue growth
-39%
Next fiscal year
Profit margin
-0.2%
P/E
-55.4
Peer P/E -7.8
Free cash flow
-$1.7B
Trailing 12 months
More metrics
Net income
-$99.3M
Trailing 12 months
P/S
0.1
Peer P/E
-7.8
Similar listed perps
Revenue estimate
$37.4B
Next fiscal year
Earnings
2026-10-20
Revenue est. $8.8B · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$61.4B
Net margin-0.1%
Free cash flow-$1.4B
Net debt$3.9B
2020$0
2021$0
2022$0
2023$0
2024$43.8B
2025$61.4B
PeriodRevenueGrowthNet incomeFCF
2020$0-$103.4M-
2021$0-$402.1M-$19.5M
2022$0--$522.7M-$76.8M
2023$0-$454.8M-$16.5M
2024$43.8B-$116.3M-$18.5M
2025$61.4B+40%-$84.9M-$1.4B
PeriodGross marginOperating marginNet marginROEROA
20200.0%0.0%0.0%0.0%0.0%
20210.0%0.0%0.0%+51.1%+45.2%
20220.0%0.0%0.0%-174.6%-132.6%
20230.0%0.0%0.0%+58.2%+52.0%
2024+3.0%+1.6%+0.3%+5.3%+1.6%
2025+1.9%+0.9%-0.1%-4.4%-0.7%
PeriodCashDebtNet debtCurrent ratio
2020---0.00
2021$26.8M$0-$26.8M0.71
2022$10M$0-$10M1.39
2023$833K$0-$833K1.56
2024$739.3M$3B$2.2B1.51
2025$1.4B$5.3B$3.9B1.60
PeriodMarket capEnterprise valueP/SP/E
2020$587.8M$00.05.7
2021$1.7B$1.6B0.04.2
2022$297.7M$287.7M0.0-0.6
2023$820.1M$819.2M0.01.8
2024$2.1B$4.3B0.018.1
2025$3.6B$7.4B0.1-42.2
Q3 2024$8.7B
Q4 2024$16.4B
Q1 2025$13B
Q2 2025$9.1B
Q3 2025$29.2B
Q4 2025$10.2B
Q1 2026$10.2B
Q2 2026$8.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$8.7B--$12.3M-$51.9M
Q4 2024$16.4B-$191.6M$77K
Q1 2025$13B+39%-$295.4M$67.8M
Q2 2025$9.1B+2%$14.5M-$161.7M
Q3 2025$29.2B+235%$208.5M$192.7M
Q4 2025$10.2B-37%-$195.4M-$1.6B
Q1 2026$10.2B-21%-$94.5M-$370.8M
Q2 2026$8.7B-4%-$17.9M$68.5M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+1.9%+0.9%-0.1%-1.3%-1.2%
Q4 2024+3.6%+1.7%+1.2%+8.7%+2.7%
Q1 2025+0.1%-1.1%-2.3%-15.5%-4.7%
Q2 2025+4.6%+3.4%+0.2%+1.0%+0.2%
Q3 2025+3.1%+2.6%+0.7%+11.8%+1.8%
Q4 2025-0.9%-2.2%-1.9%-10.2%-1.7%
Q1 2026+1.9%+0.7%-0.9%-5.2%-0.9%
Q2 2026+2.6%-1.5%-0.2%-1.0%-0.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.7M$0-$1.7M1.85
Q4 2024$739.3M$3B$2.2B1.51
Q1 2025$509.4M$3.9B$3.4B1.45
Q2 2025$691.3M$3.9B$3.2B1.34
Q3 2025$1.1B$4.5B$3.4B1.35
Q4 2025$1.2B$5.3B$4.1B1.60
Q1 2026$910.7M$3.1B$2.1B1.70
Q2 2026$895.7M$3.3B$2.4B1.50
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.6B$1.6B0.2-32.7
Q4 2024$2.2B$4.4B0.12.9
Q1 2025$1.3B$4.8B0.1-1.1
Q2 2025$3.1B$6.4B0.354.7
Q3 2025$5.9B$9.3B0.27.1
Q4 2025$4.3B$8.3B0.4-5.4
Q1 2026$3.5B$5.7B0.3-9.4
Q2 2026$5.3B$7.6B0.6-73.6
Historical value series
Revenue
Q3 2023: $0Q4 2023: $0Q1 2024: $9.3BQ2 2024: $8.9BQ3 2024: $8.7BQ4 2024: $16.4BQ1 2025: $13BQ2 2025: $9.1BQ3 2025: $29.2BQ4 2025: $10.2BQ1 2026: $10.2BQ2 2026: $8.7BQ3 2023Q2 2026
Net income
Q3 2023: -$68.8MQ4 2023: $371.5MQ1 2024: $388.1MQ2 2024: -$45.4MQ3 2024: -$12.3MQ4 2024: $191.6MQ1 2025: -$295.4MQ2 2025: $14.5MQ3 2025: $208.5MQ4 2025: -$195.4MQ1 2026: -$94.5MQ2 2026: -$17.9MQ3 2023Q2 2026
EBITDA
Q3 2023: $7.8MQ4 2023: -$353KQ1 2024: -$44.1MQ2 2024: -$63.7MQ3 2024: $89.4MQ4 2024: $293.7MQ1 2025: -$131.4MQ2 2025: $314.6MQ3 2025: $763.8MQ4 2025: -$217.7MQ1 2026: $72.6MQ2 2026: -$93.9MQ3 2023Q2 2026
Free cash flow
Q3 2023: -$15MQ4 2023: $833KQ1 2024: $38.2MQ2 2024: $203.4MQ3 2024: -$51.9MQ4 2024: $77KQ1 2025: $67.8MQ2 2025: -$161.7MQ3 2025: $192.7MQ4 2025: -$1.6BQ1 2026: -$370.8MQ2 2026: $68.5MQ3 2023Q2 2026
EPS
Q3 2023: -$0.64Q4 2023: $2.96Q1 2024: $3.54Q2 2024: -$0.37Q3 2024: -$0.1Q4 2024: $1.8Q1 2025: -$2.31Q2 2025: $0.1Q3 2025: $1.01Q4 2025: -$1.03Q1 2026: -$0.49Q2 2026: -$0.09Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $0Q3 2023 · Debt: $732.7MQ4 2023 · Cash: $833KQ4 2023 · Debt: $0Q1 2024 · Cash: $1.7MQ1 2024 · Debt: $1.7BQ2 2024 · Cash: $1.7MQ2 2024 · Debt: $1.6BQ3 2024 · Cash: $1.7MQ3 2024 · Debt: $0Q4 2024 · Cash: $739.3MQ4 2024 · Debt: $3BQ1 2025 · Cash: $509.4MQ1 2025 · Debt: $3.9BQ2 2025 · Cash: $691.3MQ2 2025 · Debt: $3.9BQ3 2025 · Cash: $1.1BQ3 2025 · Debt: $4.5BQ4 2025 · Cash: $1.2BQ4 2025 · Debt: $5.3BQ1 2026 · Cash: $910.7MQ1 2026 · Debt: $3.1BQ2 2026 · Cash: $895.7MQ2 2026 · Debt: $3.3BQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: 0.0%Q4 2023 · Gross margin: 0.0%Q1 2024 · Gross margin: +0.4%Q2 2024 · Gross margin: +0.2%Q3 2024 · Gross margin: +1.9%Q4 2024 · Gross margin: +3.6%Q1 2025 · Gross margin: +0.1%Q2 2025 · Gross margin: +4.6%Q3 2025 · Gross margin: +3.1%Q4 2025 · Gross margin: -0.9%Q1 2026 · Gross margin: +1.9%Q2 2026 · Gross margin: +2.6%Q3 2023 · Operating margin: 0.0%Q4 2023 · Operating margin: 0.0%Q1 2024 · Operating margin: -0.6%Q2 2024 · Operating margin: -0.8%Q3 2024 · Operating margin: +0.9%Q4 2024 · Operating margin: +1.7%Q1 2025 · Operating margin: -1.1%Q2 2025 · Operating margin: +3.4%Q3 2025 · Operating margin: +2.6%Q4 2025 · Operating margin: -2.2%Q1 2026 · Operating margin: +0.7%Q2 2026 · Operating margin: -1.5%Q3 2023 · Net margin: 0.0%Q4 2023 · Net margin: 0.0%Q1 2024 · Net margin: +4.2%Q2 2024 · Net margin: -0.5%Q3 2024 · Net margin: -0.1%Q4 2024 · Net margin: +1.2%Q1 2025 · Net margin: -2.3%Q2 2025 · Net margin: +0.2%Q3 2025 · Net margin: +0.7%Q4 2025 · Net margin: -1.9%Q1 2026 · Net margin: -0.9%Q2 2026 · Net margin: -0.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q1 2025: +39.0%Q2 2025: +2.2%Q3 2025: +235.4%Q4 2025: -37.5%Q1 2026: -21.3%Q2 2026: -3.8%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 106.7MQ4 2023: 127MQ1 2024: 109.5MQ2 2024: 122.3MQ3 2024: 125.4MQ4 2024: 126.4MQ1 2025: 128MQ2 2025: 143.1MQ3 2025: 174.7MQ4 2025: 190.3MQ1 2026: 192.1MQ2 2026: 192.9MQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: -1.4Q4 2023 · P/E: 0.6Q1 2024 · P/E: 0.7Q2 2024 · P/E: -8.1Q3 2024 · P/E: -32.7Q4 2024 · P/E: 2.9Q1 2025 · P/E: -1.1Q2 2025 · P/E: 54.7Q3 2025 · P/E: 7.1Q4 2025 · P/E: -5.4Q1 2026 · P/E: -9.4Q2 2026 · P/E: -73.6Q3 2023 · P/S: 0.0Q4 2023 · P/S: 0.0Q1 2024 · P/S: 0.1Q2 2024 · P/S: 0.2Q3 2024 · P/S: 0.2Q4 2024 · P/S: 0.1Q1 2025 · P/S: 0.1Q2 2025 · P/S: 0.3Q3 2025 · P/S: 0.2Q4 2025 · P/S: 0.4Q1 2026 · P/S: 0.3Q2 2026 · P/S: 0.6Q3 2023Q2 2026
P/EP/S
Revenue
2018: $02019: $02020: $02021: $02022: $02023: $02024: $43.8B2025: $61.4B20182025
Net income
2018: -$36.7M2019: -$132.5M2020: $103.4M2021: $402.1M2022: -$522.7M2023: $454.8M2024: $116.3M2025: -$84.9M20182025
EBITDA
2018: -$957.8K2019: -$1.3M2020: -$1.9M2021: -$4.3M2022: -$2.5M2023: -$2.2M2024: $768.4M2025: $609.2M20182025
Free cash flow
2018: -$318.9K2021: -$19.5M2022: -$76.8M2023: -$16.5M2024: -$18.5M2025: -$1.4B20182025
EPS
2018: $02019: -$22020: $1.282021: $3.812022: -$4.992023: $3.652024: $0.842025: -$0.5320182025
Cash / Debt
2021 · Cash: $26.8M2021 · Debt: $02022 · Cash: $10M2022 · Debt: $02023 · Cash: $833K2023 · Debt: $02024 · Cash: $739.3M2024 · Debt: $3B2025 · Cash: $1.4B2025 · Debt: $5.3B20182025
CashDebt
Profitability
2018 · Gross margin: 0.0%2019 · Gross margin: 0.0%2020 · Gross margin: 0.0%2021 · Gross margin: 0.0%2022 · Gross margin: 0.0%2023 · Gross margin: 0.0%2024 · Gross margin: +3.0%2025 · Gross margin: +1.9%2018 · Operating margin: 0.0%2019 · Operating margin: 0.0%2020 · Operating margin: 0.0%2021 · Operating margin: 0.0%2022 · Operating margin: 0.0%2023 · Operating margin: 0.0%2024 · Operating margin: +1.6%2025 · Operating margin: +0.9%2018 · Net margin: 0.0%2019 · Net margin: 0.0%2020 · Net margin: 0.0%2021 · Net margin: 0.0%2022 · Net margin: 0.0%2023 · Net margin: 0.0%2024 · Net margin: +0.3%2025 · Net margin: -0.1%20182025
Gross marginOperating marginNet margin
Revenue growth
2025: +40.2%20182025
Shares outstanding
2018: 33.5M2019: 66.4M2020: 68.5M2021: 94.2M2022: 104.8M2023: 127M2024: 120.8M2025: 159.2M20182025
Valuation
2018 · P/E: 0.02019 · P/E: -0.42020 · P/E: 5.72021 · P/E: 4.22022 · P/E: -0.62023 · P/E: 1.82024 · P/E: 18.12025 · P/E: -42.22018 · P/S: 0.02019 · P/S: 0.02020 · P/S: 0.02021 · P/S: 0.02022 · P/S: 0.02023 · P/S: 0.02024 · P/S: 0.02025 · P/S: 0.120182025
P/EP/S

Refreshed 1h ago

Next catalyst

Catalysts

Earnings
2026-10-20
Revenue est. $8.8B · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.72$37.4B-39%11
FY 2027-0.18$46.9B-23%9
FY 20280.46$50.8B-17%2
FY 2029-0.37$77.1B+26%1
Q1 20280.16$11.9B+17%4
Q2 2028-0.06$12.3B+41%5

Company events

6
2026-10-20EarningsActual - / Estimate -0.07-
2026-08-05EarningsActual -0.09 / Estimate -0.46Beat
2026-04-28EarningsActual -0.49 / Estimate -0.44Miss
2026-02-03EarningsActual -1.08 / Estimate -0.91Miss
2025-10-21EarningsActual 1.12 / Estimate 0.38Beat
2025-08-05EarningsActual 0.08 / Estimate -0.06Beat

Peer comparison

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NameMarket capP/SP/EProfit marginVenues
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Frequently asked questions

Where can I trade GLXY perpetual futures?

Galaxy Digital (GLXY) perpetual futures trade on 1 crypto venues, including Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade GLXY around the clock?

Yes. Unlike the underlying stock, GLXY perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on GLXY perpetuals?

Each venue sets its own GLXY funding rate and it changes continuously. PerpEquities shows the live rate, annualized rate and history for every venue side by side.

What is a GLXY perpetual future?

A GLXY perpetual is a derivative that tracks the price of Galaxy Digital with no expiry date. It lets you take long or short exposure to Galaxy Digital on crypto venues, around the clock.