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GLXY

Galaxy Digital Inc.
CIK 0001859392 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
86.0
composite ยท 3 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท ELEVATED46.1

Earnings quality

Beneish M-Score -1.90 in the elevated zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.9,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.434,
    "GMI": 1,
    "AQI": 0.882,
    "SGI": 1.418,
    "DEPI": 7.064,
    "SGAI": 1,
    "LVGI": 0.857,
    "TATA": 0.007
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": 0.0082,
  "inputs": {
    "revenue_t": 60406728000,
    "revenue_t1": 42596673000,
    "total_assets_t": 11348081000,
    "net_income_t": -241349000,
    "cfo_t": -316636000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000016/0001859392-26-000016-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}
P-05 ยท FY 2024-12-31 ยท ELEVATED100.0

Tax arbitrage

ETR -5.1% vs 21% statutory โ€” gap persistent across 2 of 2 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2024-12-31": -0.0514,
    "2023-12-31": 0.0651
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-12-31": 0.2614,
    "2023-12-31": 0.1449
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000016/0001859392-26-000016-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}
P-12 ยท FY 2025-12-31 ยท ELEVATED48.8

Restatement predictor

F-Score 1.46 โ€” misstatement risk 1.5x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.464,
  "probability": 0.00542,
  "components": {
    "rsst": 0.0082,
    "drec": -0.0023,
    "dinv": null,
    "soft": 0.7648,
    "dcs": 0.4186,
    "droa": -0.07,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000016/0001859392-26-000016-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}