Galaxy Digital Inc. (GLXY) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Per the Roarable RQD rating, GLXY scores 26 out of 100, earning a letter grade of E and the verdict label "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 6/20 (ROIC -5.5%; FCF yield -18%); Whale 13F Flow at 6/20 (institutional accumulation and options positioning); Insider Conviction at 3/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 3/20 (Beta 1; sector sensitivity); and Forensic Balance Sheet at 8/20 (Altman Z 2.5; Piotroski F 3/9; Debt/Equity 0.5). Every pillar sits well below half its maximum, with the weakest readings in insider conviction and macro fit. For a prospective investor, the implication is that the rating system sees limited support across cash generation, insider behavior, and forensic health at the moment. The forensic balance sheet pillar, which is the strongest of the five, still reflects only moderate quality (Piotroski 3/9). Any upside case would have to rest on factors outside these pillars, and the source data does not establish one. Investors weighing valuation tradeoffs should note that the forward P/E of 29 is shown alongside negative trailing EPS of -0.62, and that the rating frames the stock as a forensic-risk avoid rather than a value candidate.

Per the SEC financials, revenue rose to $60243.9M in FY 2025 after a decline to $42503.2M in FY 2024, while operating and net income swung from positive in FY 2024 to negative in FY 2025. Per the market data, the operating margin is -0.5%, the net margin is -0.4%, and ROIC is -5.5%. The Altman Z-Score is 2.5 and the Piotroski F-Score is 3/9, both per the Roarable RQD rating. Debt/Equity is 0.5 per the same rating. Free cash flow was negative in all three reported periods.

Per the recent news feed, the most recent items reference Galaxy Digital Inc. across several outlets. A RISK WATCH item from TradingView reports that Morgan Stanley cut price targets for GLXY and MARA and RIOT on AI credit concerns, while noting the analyst still sees over 100% upside. A Seeking Alpha item carries the headline that the author is downgrading the stock to Sell. A Benzinga item asks why the stock surged on a Tuesday. A Yahoo Finance item reports analysts estimate a decline in earnings. Other items are general market-wire coverage. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

• What are the specific values of the Morgan Stanley price-target cut referenced in the news feed?
• What is the source of the negative FCF across all three reported periods, and what drove the FY 2025 operating loss?
• What is the composition of revenue for a $60243.9M top line in an investment banking and brokerage classification?
• What is the reason for the FY 2023 cash entry being unavailable while debt was $14483.0M?
• Who are the institutional and insider holders behind the whale and insider pillar readings?