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Galaxy Announces Second Quarter 2026 Financial Results

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NEW YORK, Aug. 5, 2026 /PRNewswire/ — Galaxy Digital Inc. (Nasdaq: GLXY) (the “Company” or “GDI”) today released financial results for the three and six months ended June 30, 2026. In this press release, a reference to “Galaxy,” “we,” “our” and similar words refers to GDI, its subsidiaries and affiliates, and, prior to the Reorganization Transactions, refers to Galaxy Digital Holdings LP (the “Partnership” or “GDH LP”), its subsidiaries and affiliates, or any one of them, as the context requires.1

— Financial Highlights

Q2 2026 net loss of $(85) million and diluted and adjusted EPS of $(0.09), driven primarily by the depreciation of digital asset prices in the quarter.2Q2 2026 adjusted gross profit of $43 million and adjusted EBITDA of $(77) million.2 Total equity of $2.7 billion and cash and stablecoin holdings of $2.5 billion as of June 30, 2026.

— Corporate Updates

Subsequent to quarter-end, Galaxy substantially expanded its data center footprint with the acquisition of three new sites in Texas for the development of AI data centers, bringing its total power pipeline to over 5.7 GW.Galaxy executed a development agreement to acquire 500 acres in the McGregor Industrial Park for its Merlin campus, securing an initial agreement to support 74 MW of capacity, with the potential to expand to up to 500 MW.Galaxy acquired two additional sites for development in Texas, Caspian and Selene, with potential power capacities of approximately 700 MW and 900 MW, respectively, subject to ERCOT’s interconnection process.Galaxy completed delivery of the first phase of power at its Helios data center campus in West Texas, delivering 200 MW of gross power — 133 MW of critical IT load — to CoreWeave under the Company’s 15-year lease agreement. Phase I was delivered on schedule, with rent commencement under the Phase I lease scaling with delivered capacity throughout the second quarter of 2026. On July 28, Galaxy, through its wholly-owned subsidiary Galaxy Helios Data Centers II LLC, completed a private offering of $3.5 billion of senior secured notes due 2031. Proceeds from the offering will be used to fund construction of Helios I, Phase II.Galaxy entered a multi-year agreement with BNY, which oversees more than $60 trillion in assets under custody, to further advance its digital asset infrastructure, including support for staking on BNY’s Digital Asset Custody platform. Galaxy is also serving as a design partner to support the continued development of BNY’s digital asset platform infrastructure.

SELECT FINANCIAL METRICS

Q2 2026

Q1 2026

Q/Q % Change

Total Assets

         $10,844M

          $9,992M

9 %

Total Equity

          $2,720M

          $2,779M

(2) %

Cash & Stablecoins3

          $2,459M

          $2,605M

(6) %

Net Digital Assets and Investments4

          $1,160M

          $1,362M

(15) %

Net Income / (Loss)

            ($85M)

          ($216M)

N.M.

Adjusted EBITDA2

            ($77M)

          ($188M)

N.M.

Note: Throughout this document, totals may not sum due to rounding. Percentage change calculations are based on unrounded results. N.M. is the abbreviation for “Not Meaningful”.

(1) On May 13, 2025, the Company, Galaxy Digital Holdings Ltd. and GDH LP consummated a series of transactions resulting in the reorganization of the Company’s corporate structure (the “Reorganization Transactions”).

(2) Adjusted EPS, Adjusted Gross Profit and Adjusted EBITDA are non-GAAP financial measures. Refer to pages 12 through 14 for more information and a non-GAAP to GAAP reconciliation to the most directly comparable GAAP measure.

(3) Includes $896M in Cash and Cash Equivalents and $1,563M in Stablecoins as of the end of Q2 2026 and $911M in Cash and Cash Equivalents and $1,694M in Stablecoins as of the end of Q1 2026.

(4) Refer to page 7 of this release for a breakout of Galaxy’s Treasury & Corporate net digital asset and investment exposure.

— Galaxy Financial Snapshot

Galaxy reported a net loss of $(85) million for Q2 2026 and diluted and adjusted EPS of $(0.09), driven primarily by the depreciation of digital asset prices during the period.1Digital Assets and Data Centers operating businesses generated $86 million of adjusted gross profit and $1 million of adjusted EBITDA, up $34 million and $21 million QoQ, respectively.1Digital Assets generated adjusted gross profit of $66 million and adjusted EBITDA of $(11) million. Despite the pullback in digital asset prices and activity during the quarter, adjusted gross profit increased by 34% QoQ, reflecting the resilience of our business model and further demonstrating that our earnings are becoming less dependent on the direction of digital asset prices.1Data Centers generated adjusted gross profit of $20 million and adjusted EBITDA of $11 million during the quarter, as capacity delivery to CoreWeave ramped throughout the period, with all 133 MW of critical IT load under the Phase I lease in service by quarter end. With the full 133 MW now delivered, due to contracted payments, Galaxy expects Phase I to generate quarterly leasing revenue of approximately $80 million, and expected quarterly project-level Adjusted EBITDA margin of over 90% beginning in the third quarter of 2026.1 Treasury & Corporate generated adjusted gross loss of $(42) million and adjusted EBITDA of $(78) million, driven primarily by unrealized losses on digital assets and investment positions.1

GAAP Revenues and Transaction Expenses

Q2 2026

Q1 2026

Q/Q % Change

Gross Revenues & Gains/(Losses) from Operations

                $8,711M

             $10,213M

(15) %

Gross Transaction Expenses

                $8,486M

             $10,017M

(15) %

Segment Reporting Breakdown

Q2 2026

Q1 2026

Q/Q % Change

Digital Assets Adjusted Gross Profit1

                   $66M

                  $49M

34 %

Digital Assets Adjusted EBITDA1

                 ($11M)

                ($19M)

N.M.

Data Centers Adjusted Gross Profit1

                   $20M

                   $3M

560 %

Data Centers Adjusted EBITDA1

                   $11M

               ($0.9M)

N.M.

Treasury & Corporate Adjusted Gross Profit1

                 ($42M)

               ($140M)

N.M.

Treasury & Corporate Adjusted EBITDA1

                 ($78M)

               ($167M)

N.M.

Adjusted Gross Profit1

                   $43M

                ($88M)

N.M.

Adjusted EBITDA1

                 ($77M)

               ($188M)

N.M.

Net Income

                 ($85M)

               ($216M)

N.M.

Note: Throughout this document, totals may not sum due to rounding. Percentage change calculations are based on unrounded results. N.M. is the abbreviation for “Not Meaningful”.

(1) Adjusted EPS, Adjusted Gross Profit, Adjusted EBITDA and project-level Adjusted EBITDA margin are non-GAAP financial measures. Please see Non-GAAP Financial Measures below for further information. Refer to pages 12 through 14 for more information and a non-GAAP to GAAP reconciliation to the most directly comparable GAAP measure.

— Digital Assets

Global Markets

Global Markets reported adjusted gross profit of $49 million in the second quarter.1

Galaxy’s digital asset trading volumes declined 7% QoQ in a period where industry trading volumes were down more than double-digit percentage points sequentially. Average loan book size of $1.4 billion was up modestly compared to the prior quarter. New loan originations increased QoQ, supported by the successful pre-launch of the Galaxy Onchain Financing Rate (“GOFR”), alongside broader demand from new and existing clients.Galaxy launched an OTC Prediction Markets offering, enabling institutional clients to implement multi-asset hedging strategies around event-driven markets.

KEY PERFORMANCE INDICATORS

Q2 2026

Q1 2026

Q/Q % Change

Global Markets Adjusted Gross Profit1

               $49M

           $31M

58 %

Loan Book Size (Average)

            $1,438M

        $1,427M

1 %

Total Trading Counterparties

1,741

1,691

3 %

Global Markets Adjusted Gross Profit: Gross Profit from Galaxy trading activity, net of transaction expenses, and fee revenue associated with the Investment Banking business. Loan Book Size (Average): Average market value of all open loans, excluding uncommitted credit facilities.

Asset Management & Infrastructure Solutions

Asset Management & Infrastructure Solutions generated $17 million of adjusted gross profit in Q2 2026.1

Galaxy ended Q2 with $7.1 billion in combined assets under management and assets under stake, down 12% QoQ, driven primarily by the depreciation of digital asset prices during the period.3Galaxy entered a multi-year agreement with BNY, which oversees more than $60 trillion in assets under custody, to further advance digital asset infrastructure for institutional markets, including support for staking on BNY’s Digital Asset Custody platform. In addition to staking, Galaxy is serving as a design partner to further advance BNY’s digital asset platform infrastructure.Galaxy launched the Galaxy Fintech Fund, a long-short hedge fund investing in the convergence of traditional finance, blockchain infrastructure, and emerging technologies.Galaxy and State Street Investment Management launched the State Street Galaxy Onchain Liquidity Sweep Fund (“SWEEP”), a tokenized private liquidity fund designed to enable 24/7 onchain cash management via stablecoin, subject to availability of stablecoin in the fund’s portfolio.

KEY PERFORMANCE INDICATORS

Q2 2026

Q1 2026

Q/Q % Change

Asset Management & Infrastructure Solutions

Adjusted Gross Profit1

           $17M

           $18M

(6) %

ETFs

        $1,805M

        $2,190M

(18) %

Alternatives

        $2,553M

        $2,757M

(7) %

Assets Under Stake

        $2,790M

        $3,215M

(13) %

All figures are unaudited. ETFs: Include assets in Galaxy-sponsored and sub-advised exchange-traded funds, including seed investments by affiliates, based on prices as of the end of the specified period. ETF assets include both Galaxy balance sheet and third-party assets. Changes in ETF assets are generally the result of performance, inflows/outflows, and market movements. Alternatives: Includes committed capital closed-end vehicles, fund of fund products, engagements to unwind portfolios, affiliated and unaffiliated separately managed accounts, and seed investments by affiliates, based on prices as of the end of the specified period. For committed capital closed-end funds, Alternatives are reported as Net Asset Value (“NAV”) plus unfunded commitments. Alternatives for quarterly close vehicles are reported as of the most recent quarter available for the applicable period. Assets Under Stake: Represents the total notional value of assets bonded to Galaxy validators, based on prices as of the end of the specified period. These figures include both Galaxy balance sheet and third-party assets. Note: As of the end of Q2 2026, $733M of assets are captured within both Assets Under Stake and Alternatives.

(1) Adjusted Gross Profit is a non-GAAP financial measure. Refer to page 12 for more information and a reconciliation to the most directly comparable GAAP measure. (2) Source: The Block. Industry-wide trading volumes defined as spot cryptocurrency monthly exchange volumes, BTC futures, BTC options, and ETH options volumes. (3) Assumes prices for relevant cryptocurrencies as of 6/30/2026.

— Data Centers

Data Centers generated $20 million of adjusted gross profit and $11 million of adjusted EBITDA in Q2 2026.1

Q2 marked the segment’s first quarter of revenue-generating operations, as Phase I data hall delivery ramped throughout the quarter, with all 133 MW of critical IT load under the Phase I lease in service by quarter end. With the full 133 MW now delivered, due to contracted payments, Galaxy expects Phase I to generate quarterly leasing revenue of approximately $80 million and expected quarterly project-level Adjusted EBITDA margin of over 90% beginning in Q3 2026.1

KEY PERFORMANCE INDICATORS

Q2 2026

Q1 2026

Data Centers Adjusted Gross Profit1

                     $20M

                      $3M

Data Centers Adjusted EBITDA1

                     $11M

                    ($0.9M)

Data Centers Total Assets (End of Period)

                  $2,544M

                  $2,104M

Data Centers Total Liabilities (End of Period)

                  $1,548M

                  $1,330M

Data Centers Quarterly Capital Expenditure

                    $448M

                    $354M

Delivered Critical IT Load2

133 MW

(1) Adjusted Gross Profit, Adjusted EBITDA and project-level Adjusted EBITDA margin are non-GAAP financial measures. Refer to pages 12 – 14 for more information and a reconciliation to the most directly comparable GAAP measure. (2) Represents revenue-generating capacity delivered to tenants, reflecting capacity delivered at quarter end.

Helios Data Center Campus:

Galaxy completed delivery of the first phase of power at its Helios data center campus in West Texas, delivering 200 MW of gross power — 133 MW of critical IT load — to CoreWeave under the Company’s 15-year lease agreement. Phase I was delivered on schedule, with rent commencement under the Phase I lease scaling with delivered capacity throughout the second quarter of 2026.Galaxy commenced construction on Phase II of Helios, a 260 MW critical IT capacity expansion, with HITT Contracting serving as general contractor. HITT has been mobilized and on site since April 2026, with earthwork complete and structural foundation work now underway. Data hall deliveries under Phase II are expected to begin in the second quarter of 2027.On July 28, Galaxy, through its wholly-owned subsidiary Galaxy Helios Data Centers II LLC, completed a private offering of $3.5 billion of senior secured notes due 2031. Proceeds from the offering will be used to fund construction of Helios I, Phase II.Galaxy continues to advance discussions with prospective tenants for the additional 830 MW of approved capacity at Helios not yet under lease, and has 2 GW of additional power under study at the Helios campus alone to support the rising demand for AI infrastructure.

The Helios Campus

CoreWeave Leases (Phases I+II+III)

1.63GW

800MW

526MW

15 Years

Total Approved Gross

 Power Capacity

Gross Power Capacity

Critical IT Load

Base Lease Term, Excluding
Two 5-Year Extension Options

2,200+

Q2 2026

$1.2B+

90%+

Campus Acreage1

Phase I Rent
Commencement Date

Anticipated Average

Annual Revenue2

Anticipated Average Lease-
Level Adjusted EBITDA
Margins2

(1) Represents land under direct control. (2) Based on committed contractual terms, internal estimates for capital expenditures. Reflects anticipated average annual revenue across the full 526MW of contracted critical IT load over the lease term. Actual results may differ materially due to business, economic and competitive uncertainties and contingencies, which are beyond the control of the Company and its management and subject to change. Average Lease-Level adjusted EBITDA margin is a non-GAAP financial measure Refer to pages 12 – 14 for more information and a reconciliation to the most directly comparable GAAP measure.

Galaxy’s Path to Multi-Gigawatt Scale

Galaxy continues to build out a multi-gigawatt power pipeline across Texas, now totaling over 5.7 GW of potential capacity, as it expands beyond Helios to meet accelerating demand for AI and HPC infrastructure.

The Helios Campus

Helios currently has more than 1.6 GW of approved power capacity. Two additional 1 GW load requests — Helios III and Helios IV — are progressing through ERCOT’s interconnection process. Together, these requests represent potential total capacity of 3.6 GW, which would place Helios among the largest known 100% front-of-the-meter data center campuses.

Recent Site Acquisitions

Galaxy executed a development agreement with the city of McGregor, Texas, to acquire 500 acres in the McGregor Industrial Park for the development of Merlin, an AI and HPC data center campus. Galaxy is advancing the electrical infrastructure required to support the campus and has secured an agreement for approximately 74 MW of capacity in the initial phase, with the potential to grow into a 500 MW campus as the utility upgrades transmission infrastructure.Galaxy also acquired two additional sites in Texas for the development of AI and HPC data center campuses, Caspian and Selene, which have potential capacity of approximately 700 MW and 900 MW, respectively, subject to ERCOT’s interconnection process.

— Balance Sheet

Equity Capital

As of June 30, 2026, Galaxy had $2.7 billion in equity capital.

Below is a breakout of how the Company’s equity capital is allocated across its Digital Assets, Data Centers and Treasury & Corporate segments.

$2.7 billion of equity capital across three segments:

~36%

~36%

~28%

Digital Assets

Data Centers

Treasury & Corporate

Treasury & Corporate Net Digital Asset and Investment Exposure

The Company’s Treasury & Corporate segment maintains exposure to the digital asset ecosystem through a diversified allocation across spot positions, derivatives, ETFs, equities, venture investments, private equity holdings and fund investments.

The below pie chart is representative of the Treasury & Corporate segment’s net digital asset and investment exposure as of June 30, 2026.

(1)

Includes spot BTC, BTC derivatives, short and other hedge positions, associated tokens such as wrapped BTC, and interests in investment vehicles designed to hold BTC.

(2)

Includes spot SOL, SOL derivatives, short and other hedge positions, associated tokens such as wrapped SOL, and interests in investment vehicles designed to hold SOL, including Galaxy’s investment in Forward Industries.   

(3)

Represents spot and interests in investment vehicles that provide exposure to other digital assets. 

(4)

Includes publicly traded securities, including those subject to a short-term lock-up.

Earnings Conference Call

An investor conference call will be held today, August 5, 2026, at 8:30 AM Eastern Time. A live webcast will be available at https://investor.galaxy.com/, on the Company’s YouTube channel and through the Company’s X profile (@GalaxyDigitalHQ). A replay of the webcast will be available and can be accessed in the same manner as the live webcast on the Company’s Investor Relations website. Through August 31, 2026, the recording will also be available by dialing 1-844-512-2921, or 1-412-317-6671 (outside the U.S. and Canada) and using the passcode: 18446.

About Galaxy Digital Inc. (Nasdaq: GLXY)

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This press release and the accompanying conference call may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995, and “forward-looking information” under Canadian securities laws (collectively, “forward-looking statements”). Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including, without limitation, statements about Galaxy’s business plans and goals, including with respect to the Helios Data Center, lease agreements with CoreWeave, planned data centers, power capacity and energization timelines, the Galaxy Fintech fund, future reporting measures and business strategy, our future results of operations and financial position, and industry dynamics are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to maintain Nasdaq’s listing standards; (2) costs related to AI/HPC plans, transactions, operations and strategy, including impairment charges recognized in connection with the conversion of our Helios mining infrastructure and negative Adjusted EBITDA in recent periods; (3) changes in applicable laws or regulations, and changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) declines in the prices of digital assets or in the volume of transactions that we conduct, and our exposure to market risk on our digital asset and investment positions; (6) the risk that our business will not grow in line with our expectations; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) the possibility that there is a disruption or change in power dynamics impacting our results or current or future load capacity; (9) any delay or failure to consummate our business mandates or achieve our pipeline goals; (10) technological challenges, cyber incidents or exploits; (11) risks related to retrofitting our existing facility from mining to AI/HPC infrastructure, including the timing of construction and its impact on lease revenue; (12) any inability or difficulty in obtaining additional financing for AI/HPC infrastructure needs on acceptable terms or at all; (13) changes to the AI/HPC infrastructure needs and their impact on future plans at the Helios campus; (14) any delay in obtaining, or failure to obtain, necessary ERCOT power approvals; (15) risks associated with the leasing business, including those associated with counterparties; (16) risks associated with our GalaxyOne platform; and (17) those other risks contained in filings we make with the Securities and Exchange Commission (the “SEC”) from time to time, including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026 and available on Galaxy’s profile at www.sec.gov (our “Form 10-K”), as such factors may be updated from time to time in our filings with the SEC, including without limitation, our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.

This press release and our earnings call contain certain preliminary information about our performance in the second quarter of 2026. This information is preliminary and represents the most current information available to management. The Company’s actual consolidated financial statements may differ materially as a result of the completion of normal quarterly accounting procedures and adjustments or due to other risks contained in our Form 10-K, as such risks may be updated from time to time in our filings with the SEC, including without limitation, our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026. Although the Company believes the expectations reflected in this press release are based upon reasonable assumptions, the Company can give no assurance that actual results will not differ materially from these expectations.

Galaxy announces material information to the public through filings with the Securities and Exchange Commission, the investor relations and newsroom pages on its website (investor.galaxy.com and galaxy.com/newsroom), press releases, its LinkedIn profile (linkedin.com/company/galaxyhq), its X account (@galaxyhq), public conference calls and webcasts in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. Galaxy encourages investors and others to follow the channels listed above and to review the information disclosed through such channels.

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, this press release and the accompanying tables contain adjusted gross profit, adjusted EBITDA, project-level adjusted EBITDA margin, average lease-level adjusted EBITDA margin and adjusted EPS, which are non-GAAP financial measures. Adjusted gross profit, adjusted EBITDA, project-level adjusted EBITDA margin, average lease-level adjusted EBITDA margin and adjusted EPS are unaudited, presented as supplemental disclosure and should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

Please see pages 12 – 14 for a reconciliation of (i) adjusted gross profit to revenues and gains / (losses) from operations (including for our individual segments) during the three months ended June 30, 2026 and 2025, (ii) adjusted EBITDA to net income (loss) (including for our individual segments) during the three months ended June 30, 2026 and 2025 and (iii) adjusted EPS to diluted EPS for the three months ended June 30, 2026 and 2025. A reconciliation of the Company’s expected project-level adjusted EBITDA margin or average lease-level adjusted EBITDA margin to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort and is not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation and certain other items reflected in our reconciliation of historical non-GAAP financial measures, the amounts of which could be material.

It is important to note that the particular items we exclude from, or include in, adjusted gross profit, adjusted EBITDA, project-level adjusted EBITDA margin, average lease-level adjusted EBITDA margin and adjusted EPS may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. We also periodically review our non-GAAP financial measures and may revise these measures to reflect changes in our business or otherwise.

We believe adjusted gross profit is a helpful non-GAAP financial measure to our management and investors because it eliminates the impact of the directly attributable transaction expenses. As such, it provides useful information about our financial performance, enhances the overall understanding of our past performance and future prospects, allows for greater transparency with respect to important metrics used by our management for financial, risk management and operational decision-making and provides an additional tool for investors to use to understand and compare our operating results across accounting periods.

Adjusted EBITDA is a non-GAAP financial measure that is used by management, in addition to GAAP financial measures, to understand and compare our operating results across accounting periods, for risk management and operational decision-making. This non-GAAP measure provides investors with additional information in evaluating the Company’s operating performance. Adjusted EBITDA represents Net income / (loss), excluding (i) equity-based compensation, (ii) notes interest and other expense, (iii) tax expense / (benefit), (iv) depreciation and amortization expense and (v) other discrete items which are not individually significant that we believe are not indicative of our ongoing results. The above items are excluded from our Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items are unpredictable, are not driven by core results of operations, and render comparisons with prior periods and competitors less meaningful. Project-level adjusted EBITDA margin is defined as project-level adjusted EBITDA for Helios Phase I, divided by leasing revenue, and excludes overhead expenses. Average lease-level adjusted EBITDA margin is defined as adjusted EBITDA for the CoreWeave lease, divided by leasing revenue, and excludes overhead expenses.

Adjusted EPS is defined as diluted EPS assuming all outstanding noncontrolling interest holders exchanged their LP units in GDH LP for Class A common stock of the Company. This non-GAAP financial measure is commonly used as an analytical indicator of performance by investors within the industries in which we operate. Adjusted EPS should not be considered in isolation or as an alternative to or a substitute for financial statement data presented in Galaxy Digital’s consolidated financial statements as indicators of financial performance.

Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.

© Copyright Galaxy Digital 2026. All rights reserved.

Galaxy Digital Inc.’s Consolidated Statements of Financial Position (unaudited)

(in thousands)

June 30, 2026

December 31,
2025

Assets

Current assets

Cash and cash equivalents

$         895,744

$       1,246,240

Digital intangible assets (includes $1,684.3 and $2,717.4 million measured at fair value)

2,450,733

3,526,216

Digital financial assets

1,055,655

988,621

Digital asset loans receivable, net of allowance

782,361

1,070,029

Investments

657,951

709,069

Assets posted as collateral, net of allowance

164,314

199,983

Derivative assets

135,134

83,807

Accounts receivable (includes $4.8 and $3.4 million due from related parties)

86,453

34,012

Digital assets receivable

3,171

3,778

Loans receivable, net of allowance

947,408

554,449

Prepaid expenses and other assets

59,523

99,734

Total current assets

7,238,447

8,515,938

Non-current assets

Digital assets receivable

3,218

4,719

Digital asset loans receivable, net of allowance, non-current

4,319

8,900

Investments (includes $740.9 and $864.0 million measured at fair value)

884,128

1,023,236

Digital intangible assets

11,023

26,824

Loans receivable, net of allowance, non-current

6,787

2,553

Property and equipment, net

2,218,204

1,423,113

Other non-current assets

411,332

276,275

Goodwill

66,523

66,523

Total non-current assets

3,605,534

2,832,143

Total assets

$     10,843,981

$     11,348,081

Liabilities and Equity

Current liabilities

Derivative liabilities

151,348

40,482

Accounts payable and accrued liabilities

306,839

277,663

Digital assets borrowed

1,486,909

2,361,161

Payable to customers

80,723

85,808

Loans payable

286,715

52,626

Collateral payable

1,933,066

1,980,171

Notes payable – current

436,985

428,545

Other current liabilities

130,583

85,062

Total current liabilities

4,813,168

5,311,518

Non-current liabilities

Notes payable

2,825,773

2,432,510

Digital assets borrowed, non-current

27,560

56,107

Other non-current liabilities (includes $71.5 and $72.3 million due to related parties)

457,372

513,169

Total non-current liabilities

3,310,705

3,001,786

Total liabilities

8,123,873

8,313,304

Equity

Class A common stock, $0.001 par value; 2,000,000,000 shares authorized and 194,798,949 issued and outstanding

194

192

Convertible Class B common stock, $0.0000000001 par value; 500,000,000 shares authorized and 196,596,698 issued and outstanding

Additional Paid in Capital

1,588,391

1,614,660

Accumulated other comprehensive income (loss)

1,926

(2,038)

Retained Earnings

232,855

342,921

Total stockholders’ equity(1)

1,823,366

1,955,735

Noncontrolling interest

896,742

1,079,042

Total equity

2,720,108

3,034,777

Total liabilities and equity

$     10,843,981

$     11,348,081

(1) For periods prior to the Reorganization Transactions, represents total GDH LP Unit Holders’ Capital.

Galaxy Digital Inc.’s Consolidated Statements of Operations and Other Comprehensive Income (Loss) (unaudited)

Three Months Ended

 Six Months Ended

(in thousands)

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Revenues

$      8,557,336

$      8,661,555

$     18,598,780

$     21,637,761

Gains / (losses) from operations

134,320

395,094

306,101

274,763

Data center leasing revenue

18,877

18,877

Revenues and gains / (losses) from operations

8,710,533

9,056,649

18,923,758

21,912,524

Operating expenses:

Transaction expenses

8,485,821

8,629,940

18,502,566

21,576,949

Impairment of digital assets

181,348

127,477

465,750

239,906

Compensation and benefits

83,996

64,969

167,544

121,922

General and administrative

18,766

11,783

33,348

85,745

Depreciation and amortization

9,161

7,458

15,000

20,071

Technology

16,254

11,598

31,017

21,485

Professional fees

19,012

22,791

30,043

43,563

Notes interest expense

25,098

14,240

42,674

28,311

Total operating expenses

8,839,456

8,890,256

19,287,942

22,137,952

Other income / (expense):

Unrealized gain / (loss) on notes payable – derivative

(125,150)

(35,544)

Other income / (expense), net

736

918

1,440

1,590

Total other income / (expense)

736

(124,232)

1,440

(33,954)

Net income / (loss) before taxes

$       (128,187)

$          42,161

$       (362,744)

$       (259,382)

Income taxes expense / (benefit)

(42,871)

11,470

(61,117)

5,358

Net income / (loss)

$         (85,316)

$          30,691

$       (301,627)

$       (264,740)

Other comprehensive income (loss), net of tax

Change in fair value of cash flow hedges

3,492

8,043

Other comprehensive income (loss)

3,492

8,043

Comprehensive income (loss)

$         (81,824)

$          30,691

$       (293,584)

$       (264,740)

Comprehensive income / (loss) attributed to:

Class B Unit holders of GDH LP

(19,255)

(204,745)

Noncontrolling interests

(65,636)

35,446

(187,482)

35,446

Class A common stockholders of the Company(1)

$         (16,188)

$          14,500

$       (106,102)

$         (95,441)

Net income / (loss) per share of Class A common stock (2)

Net income (loss) used in calculation of net income / (loss) per share of Class A common stock (2)

$        (17,913)

$         14,500

$      (110,066)

$        (95,441)

  Basic

$            (0.09)

$             0.10

$            (0.57)

$            (0.70)

  Diluted

$            (0.09)

$             0.08

$            (0.58)

$            (0.76)

Weighted average shares outstanding used to compute net income / (loss) per share(3)

  Basic

192,869,271

143,103,474

192,474,019

135,525,464

  Diluted

192,869,271

371,717,071

390,465,556

349,390,820

(1) For periods prior to the Reorganization Transactions, represents net income / (loss) attributable to Class A Units of GDH LP.
(2) For periods prior to the Reorganization Transactions, represents net income / (loss) per Class A Unit of GDH LP.
(3) For periods prior to the Reorganization Transactions, represents weighted average Class A Units of GDH LP used to calculate net income / (loss) per unit.

Ownership of GDH LP Limited Partnership Interests

June 30, 2026

December31, 2025

Ownership

% interest

Ownership

% interest

Galaxy Digital Inc

194,798,949

49.8 %

192,695,681

49.3 %

Noncontrolling interests

196,596,698

50.2 %

198,408,277

50.7 %

Total

391,395,647

100.0 %

391,103,958

100.0 %

Reconciliation of Adjusted Gross Profit

The following table reconciles adjusted gross profit to revenues and gains / (losses) from operations for the three months ended June 30, 2026 and March 31, 2026:

Three Months Ended June 30, 2026

(in thousands)

Digital Assets

Data Centers

Treasury and
Corporate

Total

Revenues and gains / (losses) from operations

$      8,716,232

$          25,959

$         (31,658)

$      8,710,533

Less: Transaction expenses

8,469,179

5,816

10,826

8,485,821

Less: Impairment of digital assets

181,348

181,348

Adjusted gross profit

$          65,705

$          20,143

$         (42,484)

$         43,364

Three Months Ended March 31, 2026

(in thousands)

Digital Assets

Data Centers

Treasury and
Corporate

Total

Revenues and gains / (losses) from operations

$     10,348,833

$           3,050

$       (138,658)

$    10,213,225

Less: Transaction expenses

10,015,414

1,331

10,016,745

Less: Impairment of digital assets

284,402

284,402

Adjusted gross profit

$          49,017

$           3,050

$       (139,989)

$        (87,922)

Reconciliation of Adjusted EBITDA

The following table reconciles the Company’s adjusted EBITDA figures to net income for the three months ended June 30, 2026 and March 31, 2026:

(in thousands)

Digital Assets

Data Centers

Treasury and
Corporate

Three Months
Ended June
30, 2026

Net income / (loss)

$     (19,048)

$      31,155

$     (97,423)

$     (85,316)

Add back:

Equity based compensation and related expense

9,218

657

6,331

16,206

Notes interest and other expense

7,365

17,732

25,097

Tax expense / (benefit)

(1,704)

(32,450)

(8,717)

(42,871)

Depreciation and amortization expense

1,650

4,762

2,749

9,161

Other (1)

(646)

1,111

465

Adjusted EBITDA

$     (10,530)

$      11,489

$     (78,217)

$     (77,258)

(in thousands)

Digital Assets

Data Centers

Treasury and
Corporate

Three Months
Ended March
31, 2026

Net income / (loss)

$     (34,304)

$      (1,547)

$   (180,460)

$   (216,311)

Add back:

Equity based compensation and related expense

10,971

637

6,491

18,099

Notes interest and other expense

17,576

17,576

Tax expense / (benefit)

(18,246)

(18,246)

Depreciation and amortization expense

3,164

2,675

5,839

Other (1)

808

4,698

5,506

Adjusted EBITDA

$     (19,361)

$        (910)

$   (167,266)

$   (187,537)

(1) Includes non-operating income and expenses, as well as other discrete items not indicative of ongoing operating performance, none of which were individually significant.

Reconciliation of Adjusted Income (Loss) per Share

The adjusted income (loss) per share represents the diluted income (loss) per Class A common stock assuming all outstanding noncontrolling interest holders exchanged their LP units in GDH LP for Class A common stock of the Company. In periods where the noncontrolling interest is already included in the GAAP diluted income (loss) per share, the adjusted income (loss) per share is identical to the GAAP income (loss) per share. Prior to the Reorganization Transactions, the noncontrolling interest was represented by Class B Units of Galaxy Digital Holdings LP.

The following table reconciles the Company’s adjusted income (loss) per share figures to diluted and basic income (loss) per share for the three and six months ended June 30, 2026 and June 30, 2025:

Three Months Ended

 Six Months Ended

(in thousands, except for share data and per share amounts)

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net income (loss) to Class A unitholders

$         (17,913)

$          14,500

$         (110,066)

$          (95,441)

Weighted-average Class A shares outstanding

192,869,271

143,103,474

192,474,019

135,525,464

Basic earnings (loss) per share

$             (0.09)

$              0.10

$              (0.57)

$              (0.70)

Numerator:

  Net income (loss) to Class A (basic)

$         (17,913)

$          14,500

$         (110,066)

$          (95,441)

  Add: Income (loss) attrib. to NCI (after tax)

16,191

(116,860)

(169,299)

  Net income (loss) to Class A (diluted)

(17,913)

30,691

(226,926)

(264,740)

Denominator:

  WA Class A shares outstanding (basic)

192,869,271

143,103,474

192,474,019

135,525,464

  Add: NCI share exchange

211,890,313

197,991,537

213,865,356

Add: Compensatory awards

16,723,284

  WA shares outstanding (diluted)

192,869,271

371,717,071

390,465,556

349,390,820

Diluted earnings (loss) per share

$             (0.09)

$              0.08

$               (0.58)

$               (0.76)

Net income used to calculate diluted EPS

$         (17,913)

$          30,691

$         (226,926)

$         (264,740)

Noncontrolling interest not included in diluted EPS numerator

(17,914)

Net income used to calculate adjusted income (loss) per share

$         (35,827)

$          30,691

$         (226,926)

$         (264,740)

Weighted average number of Class A Common Stock shares for the purposes of diluted income (loss) per share

192,869,271

371,717,071

390,465,556

349,390,820

Additional noncontrolling interest weighted average shares outstanding

197,579,377

Weighted average number of Class A Common Stock shares for the purposes of Adjusted income (loss) per share

390,448,648

371,717,071

390,465,556

349,390,820

Adjusted income (loss) per share

$            (0.09)

$             0.08

$              (0.58)

$              (0.76)

 

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InComm Benefits Survey Reveals Gap Between HR Expectations and Employee Benefits Experience

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New research shows HR teams want simpler administration, stronger support and better tools to help employees use HSAs and other spending accounts with confidence

ATLANTA, Aug. 5, 2026 /PRNewswire/ — InComm Benefits, a division of global payments technology provider InComm Payments, today released new research revealing a clear gap between what employees need from spending accounts, such as Health Savings Accounts (HSAs), and the support Human Resources (HR) teams receive from providers to deliver a positive employee experience. Based on a survey of more than 300 HR professionals*, the findings show that employee experience has become the primary factor driving how HR leaders evaluate spending account providers.

Key findings include:

73% of HR professionals said “employee feedback” is the top factor they consider when reevaluating spending account providers.

Employee experience was the No. 1 frustration HR professionals cited with spending account providers.

Nearly 6 in 10 HR professionals said they encounter concerns or challenges from employees regarding their spending accounts, with common questions focused on eligible purchases, claims submission, account usage, deadlines and rollover rules.

55% of respondents cited more flexible benefit options as an opportunity to improve the employee experience, while 52% cited simplified education and 52% cited better technology.

55% of HR professionals expressed enthusiasm about AI tools in their department, and 57% said they already use AI in education or training related to benefits administration.

“Employees are not necessarily disengaged from their benefits. Many are simply unsure how to use them,” said Dave Etling, SVP and GM of InComm Benefits. “When employees need help understanding eligibility, claims or reimbursement rules, HR often becomes the default support channel. Spending account providers have an opportunity to simplify the experience, reduce administrative burden and help employees feel more confident using their benefits.”

The research also shows that HR teams are managing broad responsibilities beyond benefits, including recruitment, employee communications, payroll, insurance offerings and compliance. As a result, organizations are looking for spending account providers that can deliver more than account administration, including responsive support, dedicated account management, intuitive technology and stronger employee education.

InComm Benefits helps organizations simplify and modernize the spending account experience through tools and support designed to reduce confusion, improve access and ease administrative burdens. The company’s platform includes Automated Purchase Sorting technology, a simplified member experience, digital education resources, faster access to funds and reimbursements, innovations such as the HSA Backup Account and 2% Cash Back HSA**, and a designated account manager.

The full report, entitled “The Spending Account Experience Gap,” explores how HR leaders are approaching spending account administration, where providers are falling short and how organizations can improve employee satisfaction, engagement and utilization. View the report by visiting www.incomm.com/benefits/2026-hsa-employee-research.

*Source: InComm Benefits 2026 HR Leaders Survey. Results based on over 300 HR professionals managing HSAs/Spending Accounts in April 2026.

**InComm is a financial technology company, not a bank. Banking services for HSA, FSA and HRA accounts are provided by Coastal Community Bank, Member FDIC. 

About InComm Benefits
InComm Benefits is the future of employee benefits with automated and intuitive spending accounts, including HSA, FSA, Dependent Care, Lifestyle and more. Simplify the user experience by providing automatic purchase recognition and receipt tracking. Employees can more easily take advantage of triple-tax savings using one card. Employers benefit from higher adoption rates, boosted employee satisfaction and savings using cutting-edge solutions. Learn more at www.InComm.com/Benefits.

About InComm Payments
InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 412 global patents and a presence in more than 40 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga. Learn more at www.InCommPayments.com.

‍Media Contacts 

Anthony Popiel 
Communications Manager 
InComm Payments 
apopiel@incomm.com 

Brandon Davis
Communications Manager
InComm Payments
bdavis@incomm.com 

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In HelloNation, Security Expert Corey Wild Explains What Makes Patrol Services Effective

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The article explains how planning, communication, and consistent patrol practices help protect commercial and residential properties.

ROCHESTER, N.Y., Aug. 5, 2026 /PRNewswire/ — What helps a property owner understand what makes patrol services dependable and consistent across different types of Rochester properties? This question is answered in a HelloNation article featuring insights from Security Expert Corey Wild of Armor Security and Protection Inc. in Rochester, NY. The article explains how timing, route planning, documentation, communication, supervision, and adaptability shape the quality of patrol coverage and help property owners receive reliable protection.

The article begins by noting that strong patrol services rely on structure and consistency. They provide visibility without requiring a full-time guard to remain on-site. When these services operate with clear expectations and steady routines, they help deter unwanted activity and monitor changing conditions. Rochester properties often experience shifts based on weather, seasonal events, nearby businesses, and activity patterns. Effective patrol companies adjust their approach to match these real-world conditions, ensuring that coverage remains useful throughout the year.

According to the article, timing is the first key factor. Patrol visits must reflect the rhythms of the property rather than a rigid schedule. A site with late-night concerns needs attention during those hours. A business with early morning deliveries may need patrols before staff arrive. Rochester neighborhoods follow patterns shaped by nearby schools, entertainment areas, traffic flow, and community activity. Effective patrol services shape their timing around these patterns so that officers arrive when problems are more likely to occur instead of after issues have already developed.

Route planning is another central element. The article explains that a well-planned route includes entrances, equipment yards, loading zones, parking lots, gathering spaces, and any area where visibility changes. Patrol officers need to understand how these locations shift during different hours. They should know which areas become dark in the evening, which corners attract unwanted foot traffic, and which sections require multiple checks. When route planning is structured but adaptable, it prevents patterns from becoming predictable while still covering the areas that matter most.

The article highlights documentation as a critical part of effective patrol services. Officers complete detailed reports after each visit, noting what they observed, what checks they performed, and whether any conditions need follow-up. These records help property owners understand what is happening on their site. Weather, lighting, and seasonal changes affect what officers see, especially across the wide range of Rochester properties. Consistent documentation helps owners recognize trends and supports long-term planning. Reports also become useful references when incidents require review or investigation.

Communication strengthens every stage of the patrol process. The article notes that officers must stay in steady contact with dispatch while dispatch keeps property managers informed when important issues arise. If a gate is left open, if an alarm activates, or if something looks unusual, communication determines how quickly the problem is addressed. Clear communication helps prevent small concerns from escalating. Strong patrol companies encourage officers to report conditions promptly and keep supervisors updated throughout the shift.

Presence is another important element of effective patrol services. The article explains that patrol officers do more than drive through a site. They exit their vehicles, walk key areas, and check entrances, windows, and equipment. Their presence sends a message that the property is monitored by trained personnel. This visibility helps deter unwanted behavior in locations that experience trespassing, theft, or repeated concerns. Rochester properties, such as construction sites, vacant lots, and outdoor storage areas, often see improvements once patrol presence becomes consistent.

Adaptability also plays an important role. Patrol officers must adjust to new conditions while maintaining structure. If lighting fails, if construction expands, or if a new tenant brings increased foot traffic, the patrol route should change. Rochester properties often shift from season to season, and patterns can develop quickly. Patrol companies that train officers to recognize these shifts can adjust coverage before problems grow. This adaptability keeps patrol services aligned with the current needs of the property.

Supervision helps maintain quality and consistency across all visits. The article highlights that field supervisors review reports, check on officer performance, and ensure that expectations are followed. They address challenges that officers encounter during their shifts and reinforce the standards that define strong service. Without supervision, quality can vary between officers. With proper supervision, patrol services remain predictable and professional regardless of who is assigned to the route.

The article concludes that effective patrol services combine timing, route planning, documentation, communication, supervision, and adaptability. When these elements work together, property owners receive coverage that supports awareness, deters unwanted activity, and adapts to changes across Rochester properties. Patrols become more than quick checks. They become a complete system that observes patterns, responds to concerns, and maintains steady visibility.

What Makes Patrol Services Effective features insights from Corey Wild, Security Expert of Rochester, NY, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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KeyBank Celebrates Third Anniversary of Key Select Checking® with Nearly $7 Million in Annual Bonuses Paid to Clients

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Milestone marks three years of rewarding client loyalty through industry-leading cash bonuses and transparent banking tools

CLEVELAND, Aug. 5, 2026 /PRNewswire/ — KeyBank (NYSE: KEY) today marks the third anniversary of Key Select Checking®, the interest-bearing checking account designed to reward clients for the direct deposits they make to their account. Since its launch three years ago, KeyBank has paid out nearly $7 million in annual cash bonuses to qualifying Key Select Checking clients.

“Three years ago, we set out to build a checking account that rewards clients for banking with Key,” said Josh Miller, Head of Consumer Acquisition Marketing & Product.  “Today’s milestone is a testament to the trust our clients have placed in us and to our commitment in making their financial lives simpler and more rewarding.”

A Checking Account Built Around the Client

Key Select Checking was built on a straightforward premise: clients who maintain their banking relationship with KeyBank should be rewarded for it. The account is interest-bearing, meaning balances earn a variable interest rate that is compounded daily, in addition to the annual $100 cash bonus¹.

The account can be opened online in approximately five minutes and comes with a suite of features designed for everyday banking, including:

Fee-free ATM access² at more than 40,000 KeyBank and Allpoint® ATMs nationwideATM fee rebates³ of up to $6 per statement cycle for cash withdrawals from out-of-network ATMsEarly Pay⁴: qualifying clients with direct deposit may receive their pay up to two days earlyKey Coverage Zone®⁵ — no overdraft fee from KeyBank if an account is overdrawn by $20 or less at the end of the dayNo-cost check options, with customized and designer options available for a fee

The $25 monthly maintenance fee is waived for the first three statement cycles⁶ for all new accounts, giving clients a seamless start. After that, the fee is waived when clients maintain $3,000 per statement cycle in eligible direct deposits or carry at least $15,000 in combined KeyBank account balances.

Earning the $100 Annual Cash Bonus¹

The centerpiece of Key Select Checking is a $100 annual cash bonus available to clients who meet straightforward direct deposit requirements. Here is how it works:

After opening an account, clients enter an Evaluation Period, a 12-month-calendar window, that begins on the first day of the second full month following account opening.Clients must deposit at least $60,000 in eligible direct deposits over the course of that evaluation period (12 months) to be eligible for the $100 annual bonusAt least one eligible direct deposit must be received during the final two calendar months of the evaluation period.

Clients who meet these requirements earn the $100 cash bonus, year after year. For clients who regularly direct deposit their paycheck or other recurring income, the requirements are straightforward to achieve, and the bonus resets each year, making Key Select Checking a genuinely recurring financial reward.

The Bonus Tracker: Putting Clients in Control

Last summer, KeyBank launched the Key Select Checking Bonus Tracker, a feature available through the KeyBank mobile app and online banking that gives clients real-time visibility into their progress toward the annual $100 cash bonus.

The Bonus Tracker displays the total amount of eligible direct deposits made to date, as well as the start and end dates of the client’s current evaluation period — so clients can check their bonus status at any time, without having to call or visit a branch.

“Transparency matters to our clients,” said Miller. “The Bonus Tracker is a natural extension of our commitment to putting clients in control of their money.  By allowing clients to understand their progress and see where they stand in real time; they can stay informed and potentially make smarter decisions with regard to their finances.”

In its first year, the Bonus Tracker has become one of the most-used features within the Key Select Checking experience, reflecting client demand for clear, actionable financial information at their fingertips.

Three Years of Growing Client Value

Since launch, Key Select Checking has achieved significant milestones that reflect growing client adoption and satisfaction:

Nearly $7 million in total annual bonuses paid out to qualifying clientsConsistent year-over-year account growth driven by client referrals and KeyBank’s expanding digital banking presence

These figures underscore KeyBank’s broader mission to help clients achieve financial wellness through products that deliver real, tangible value — not just attractive introductory offers.

ABOUT KEYCORP
KeyCorp’s roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $191 billion at June 30, 2026. 

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. 

CFMA 260727-4780178

1 Key Select Checking Account is an interest-bearing account. Annual Percentage Yields (APY) are accurate as of July 24, 2026, for zip code 44114. 0.05% APY applies to balances of $0.00-$2,499.99, 0.05% APY on balances $2,500-$4,999.99, 0.05% APY on balances $5,000-$9,999.99, 0.05% APY on balances $10,000-$24,999.99, 0.05% APY on balances $25,000-$49,999.99, 0.05% APY on balances $50,000-$99,999.99, 0.05% APY on balances $100,000-$249,999.99, 0.05% APY on balances $250,000-$499,999.99, 0.05% APY on balances $500,000-$999,999.99, 0.05% APY on balances $1,000,000 and above. Key Select Checking Account is a variable rate account, rates may vary. Rates and terms may change at the bank’s discretion. Minimum balance to open this account is $50. Fees may reduce earnings.

EVALUATION PERIOD DEFINITIONS

New Key Select Checking Account: Your account will be reviewed for eligible deposits during the 12 calendar months following the first calendar day of the second full month after account opening.

$100 BONUS

Direct Deposits: To qualify for the $100 bonus, ALL of the following three requirements must be met. Eligible direct deposits:Must total at least $60,000 during the Evaluation Period.Are electronic automated clearing house (ACH) deposits. Examples of eligible direct deposits include, but are not limited to: payroll, Social Security, pension and government benefits. Deposits made through a teller, ATM, or the KeyBank mobile app are ineligible direct deposits. At least one eligible direct deposit transaction (in any amount) must be received within the final two calendar months at the end of the Evaluation Period.

Your account will be reviewed at the end of each Evaluation Period for cash bonus eligibility. Eligibility is based on cumulative direct deposits in the preceding Evaluation Period. Your $100 bonus will be reported to the IRS on Form 1099-INT. Your $100 bonus will be deposited into your checking account within 30 calendar days after the Evaluation Period has expired. If your account is converted into an account type other than a Key Select Checking Account during the Evaluation Period, progress toward the cash bonus is forfeited. Accounts that are closed or in a legally dormant status (legally dormant status is determined by applicable state law) at the end of the Evaluation Period or at the time of the bonus payout are not eligible for the bonus payment.

2 There is no surcharge at KeyBank ATMs. There is also no surcharge at Allpoint ATMs when you use a KeyBank debit card linked to an eligible account. Ineligible accounts include Hassle‑Free Account®, savings accounts, and business accounts.

3 There is no KeyBank fee if you use another bank’s ATM. However, a fee may be charged by the bank that owns the ATM. This fee, as well as any additional non-KeyBank charges or surcharges, will be included with the total withdrawal transaction amount. Your account will receive a refund of other bank’s ATM cash withdrawal surcharges when the withdrawals are made with any KeyBank Debit Mastercard®. The surcharge refund will be credited to your account at statement cycle and will not exceed a total refund of $6.00 per statement cycle. If you close your account or change your account type before the end of the statement cycle, other bank’s ATM cash withdrawal surcharges will not be reimbursed.

4 Early Pay is a service included with your KeyBank consumer deposit account in which KeyBank makes your eligible direct deposits available up to two business days early. Eligible direct deposits include certain transactions such as payroll, government benefits, or similar types of payments. The Early Pay service is dependent on when KeyBank receives information from the payer that the funds are on the way, this could vary, and you may not always receive your funds early. You cannot opt out of Early Pay.

5 Overdraft Item Charges are $20 per item. Charges apply to transactions created by check, in-person withdrawal, recurring debit card transactions, or other electronic means. Overdraft charges will not be imposed on ATM withdrawals or one-time debit card items unless the customer has opted in authorizing Key to pay these items into overdraft and assess a charge. You agree to pay us the full amount of any overdraft on your Account immediately upon demand, together with any additional charges we assess. KeyBank’s approval of overdrafts is a discretionary courtesy. For Consumer accounts: No charges will be assessed when the account is overdrawn twenty ($20) dollars or less at the end of the day. Overdraft charges are assessed on up to three (3) items per day, with the maximum not to exceed $60 per day per account. Overdraft charges may not post on the same day as the transaction which triggers the fee(s). There is a cap of 20 assessed overdraft charges within a monthly statement period. If at the end of the day, your account’s overdrawn available balance is more than $20 for 5 consecutive business days, an additional $20 Recurring Overdraft Service Charge will be assessed. See your accounts Personal Checking Account Fees and Disclosures for additional information and Personal Savings Overdraft Protection Agreement for further information on linking savings account for protection.

6 $25 monthly maintenance fee (waived for the first 3 months). After the three (3) month grace period the monthly maintenance fee can be avoided if either of the requirements are met in a statement cycle:

The combined balance in any combination of KeyBank checking, savings, certificates of deposit, retirement deposit, and Key Investment Services LLC (KIS) accounts was $15,000 or more during the statement cycle.

OR

You have eligible direct deposits totaling at least $3,000 during each statement cycle.

Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor.

Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are non-bank affiliates of KeyBank National Association (KeyBank).

Non-Deposit products are:

NOT FDIC INSURED•NOT BANK GUARANTEED•MAY LOSE VALUE•NOT A DEPOSIT•NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY

KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.

 

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SOURCE KeyBank

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