Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 2/5 core metricsLatest reported free cash flow was -$1.5B.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$1.5B.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 1 filing risk check flagged
Flagged areas: Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +41.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Digital Assets$60.4B100.0%+42.1% yoy
- Treasury And Corporate$12.9M0.0%-87.0% yoy
- Data Centers$8.43M0.0%no prior
Members sum to the consolidated $60.4B for this period.
- Digital Assets Sales$59.9B99.3%+42.0% yoy
- Blockchain Rewards$220M0.4%+21.6% yoy
- Fee$159M0.3%+53.7% yoy
- Proprietary Mining$14.5M0.0%-77.1% yoy
Members sum to the consolidated $60.4B for this period.
- Digital Assets$10B100.0%-22.6% yoy
- Data Centers$3.05M0.0%no prior
- Treasury And Corporate-$163K0.0%-103.5% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,003 US-listed filers · 822 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $60.4B | 98thof 3,301 top third | 98thof 540 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 41.8% | 89thof 3,137 top third | 88thof 517 top third |
Net margin net income ÷ revenue | -0.4% | 41stof 3,263 middle third | 26thof 533 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -2.5% | 30thof 2,679 bottom third | 23rdof 306 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -12.3% | 32ndof 3,576 bottom third | 12thof 772 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.1% | 98thof 2,895 top third | 99thof 421 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 0 days | 99thof 2,398 top third | 97thof 103 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 0.8% | 10thof 2,278 bottom third | 12thof 497 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 3.2% | 56thof 1,907 middle third | 62ndof 474 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 6 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Total assets Assets | balance at 2024-12-31 | $1K 10-Q 2025-05-13 | $7.12B 10-K 2026-02-26 | +711985400.0% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | $1K 10-Q 2025-05-13 | $2.19B 10-K 2026-02-26 | +219435100.0% | first · latest · 4 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-12-31 | $1K 10-Q 2025-05-13 | $462M 10-K 2026-02-26 | +46210200.0% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2025-03-31 | $0 10-Q 2025-05-13 | $159M 10-Q 2026-05-08 | - | first · latest |
| Net income NetIncomeLoss | quarter 2025-03-31 | $0 10-Q 2025-05-13 | -$295M 10-Q 2026-05-08 | - | first · latest |
| Revenue Revenues | quarter 2025-03-31 | $0 10-Q 2025-05-13 | $13B 10-Q 2026-05-08 | - | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for GLXY yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.