← Galaxy Digital Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | — | — | — | — | ($412.8m) | ($386.3m) | $5.6m | ($2.8m) | ($2.0m) | ($9.1m) | — | |
| Net loss from discontinued operations, net of income taxes | — | — | — | — | — | $0 | ($1.0m) | $0 | — | — | — | |
| Net loss from continuing operations | — | — | — | — | — | ($568k) | ($22.5m) | ($45.6m) | — | — | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | ($522.7m) |
$228.5m
+143.72%
|
$346.7m
+51.73%
|
($241.3m)
-169.61%
|
— | |
| Net loss attributable to noncontrolling interest | — | — | — | — | — | $0 | ($10k) | ($960k) | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $0 | ($10k) | ($960k) | $346.7m | ($241.3m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $0 | ($10k) | ($960k) | $0 | ($137.0m) | — | |
| Depreciation, Depletion and Amortization | — | — | $54.9m | $58.5m | $56.0m | $37.9m | $4.2m | $22.9m | $46.9m | $34.1m | $27.3m | |
| Depreciation | — | — | $54.9m | $58.5m | $56.0m | $37.9m | $4.2m | $22.9m | $31.2m | $18.2m | $27.3m | |
| Amortization of intangible assets | $480k | $285k | $242k | $544k | $891k | $1.1m | $1.5m | $1.4m | $982k | $732k | — | |
| Depreciation and other amortization | $707k | $256k | $105k | $66k | $61k | $72k | $121k | $177k | $130k | $62k | $27.3m | |
| Other amortization | $530k | $100k | $66k | $39k | $16k | $2k | — | — | — | — | — | |
| Amortization of debt discount | — | — | $129k | $231k | — | — | — | — | — | — | — | |
| Amortization of operating lease right-of-use asset | — | — | — | $134.8m | $125.5m | $72.5m | $1.3m | — | $10k | $41k | — | |
| Amortization of debt issuance costs | — | — | — | — | — | — | — | $410k | $5.2m | $9.6m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | — | $22.9m | $46.9m | $34.1m | $27.3m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | ($8.4m) | $13.9m | $40.7m | |
| Deferred income taxes | — | — | — | — | $0 | ($1.2m) | ($45k) | ($63k) | ($65k) | ($57k) | $40.7m | |
| Deferred Income Tax | — | — | — | — | — | — | ($112.5m) | $2.5m | ($8.4m) | $41.1m | $40.7m | |
| Deferred Tax | — | — | — | — | — | — | ($112.5m) | $2.5m | ($8.4m) | $41.1m | $40.7m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | — | — | $74.9m | $53.6m | $58.3m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $75.0m | $56.6m | $58.3m | |
| Withholding tax on share-based compensation | — | — | — | — | — | — | $0 | ($168k) | $0 | ($86k) | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | $0 | $7.0m | $19.2m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | $121.5m | |
| Impairment of digital assets | — | — | — | — | — | — | — | $46.8m | $89.8m | $257.0m | — | |
| Other impairment loss | — | — | — | — | — | — | — | $0 | $101k | $87.3m | — | |
| Goodwill impairment | $0 | — | $4.9m | $3.7m | $27.6m | $81.6m | $0 | $7.5m | $0 | — | $121.5m | |
| Asset Impairment Charge | — | — | — | — | — | — | $252.5m | $46.8m | $89.9m | $344.2m | $121.5m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($29.0m) | ($32.8m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $2.8m | $2.7m | — | |
| Equity income on equity method investments | — | — | — | — | — | — | ($512k) | ($12k) | ($75k) | ($91k) | — | |
| Equity loss/(income) on equity method investments | — | — | ($1.7m) | ($2.7m) | $1.5m | $149k | ($3.5m) | — | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($506.7m) | $334.0m | ($97.2m) | ($122.2m) | — | ($122.2m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($28.1m) | $221.2m | $268.1m | $676.0m | $271.1m | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | — | ($3.5m) | ($24.7m) | $38.9m | |
| Accounts receivable | — | — | ($916k) | $1.3m | $630k | $36k | $159k | $8.0m | $3.5m | $24.7m | $38.9m | |
| Proceeds from investments included in receivables | — | — | — | — | — | — | — | $150k | $218k | $70k | $1.9b | |
| Accounts receivable and unbilled receivables | ($86k) | ($477k) | $1.3m | $1.3m | — | — | — | — | — | — | $38.9m | |
| Change In Receivables | — | — | — | — | — | — | ($96.9m) | $5.3m | $3.5m | $25.2m | $38.9m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($13k) | $8.0m | $3.5m | $24.7m | $38.9m | |
| Accounts payable and accrued liabilities | ($425k) | ($163k) | ($41k) | $448k | ($585k) | ($920k) | $87k | $18.2m | $91.5m | $17.9m | — | |
| Payables to customers - digital assets | — | — | — | — | — | — | — | $0 | $0 | $83.4m | — | |
| Withholding tax included in accounts payable | — | — | — | — | — | — | — | — | $0 | $75k | — | |
| Equipment and other assets included in accounts payable | — | — | — | — | — | $0 | $7.0m | $9.4m | $85.0m | $246.5m | — | |
| Increase/(decrease) in accounts payable | — | — | $5.5m | $10.8m | $1.3m | ($849k) | $3.3m | ($3.3m) | ($13k) | ($115k) | — | |
| Increase/(decrease) in accrued expenses and other payables | — | — | — | — | — | — | ($1.8m) | — | $121k | $140k | — | |
| Decrease in accrued expenses and other payables | — | — | $14.9m | $5.1m | ($7.0m) | ($11.0m) | ($12.8m) | — | — | — | — | |
| Gain on extinguishment of accounts payable | — | — | — | — | — | $0 | ($406k) | $0 | — | — | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $68.8m | $18.2m | $91.5m | $17.9m | ($13.7m) | |
| Deferred revenue | ($182k) | $106k | ($872k) | $478k | ($75k) | ($613k) | ($223k) | $194k | $95k | $105k | — | |
| Dividends accrued or settled in shares on convertible preferred stock | — | — | $115k | — | $189k | $0 | — | — | — | — | — | |
| Accrued contingent consideration (earnouts) | — | — | — | — | — | — | $0 | $410k | $5.2m | — | — | |
| Accrued liabilities | — | — | — | — | — | — | — | $7.5m | $21.6m | ($12.1m) | — | |
| Prepaid expenses and other assets | $356k | $77k | ($71k) | — | — | $0 | ($969k) | ($8.5m) | $10.0m | ($73.4m) | — | |
| Other current liabilities | — | — | — | — | — | — | — | ($13.2m) | ($422.2m) | $16.2m | $225.2m | |
| Prepaid expenses and other current assets | — | — | ($74k) | $127k | $89k | $149k | ($20k) | ($39k) | $7k | ($38k) | — | |
| Other assets | — | — | $3k | $116k | ($21k) | $99k | $0 | $33k | $3k | $5k | — | |
| Other liabilities | ($243k) | ($175k) | ($8k) | $58k | ($36k) | $369k | ($37k) | $71k | $2k | ($41k) | — | |
| (Increase)/decrease in prepayments and other current assets | — | — | $34.7m | $21.6m | $5.8m | ($24.2m) | ($6.7m) | — | — | — | — | |
| Change In Other Current Assets | — | — | — | — | — | — | — | $150.3m | $153.2m | $188.2m | $62.4m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | — | ($17.7m) | ($294.8m) | $251.6m | $225.2m | |
| Net Cash Provided by (Used in) Operating Activities | ($2.7m) |
($940k)
+64.95%
|
($1.1m)
-18.51%
|
($4.2m)
-277.29%
|
($498k)
+88.15%
|
($989k)
-98.59%
|
($134k)
+86.45%
|
($4.1m)
-2944.03%
|
($205.1m)
-4927.68%
|
($316.6m)
-54.40%
|
$89.5m
+128.26%
|
|
| Cash flows from investing activities: | ||||||||||||
| Purchase of property, equipment and intangible assets | ($23k) | ($47k) | ($35k) | ($20k) | $0 | ($79k) | ($117k) | $11.7m | $160k | $116.8m | — | |
| Disposal of property and equipment | $67k | $94k | $60k | $9k | ($3.0m) | ($318k) | ($3.9m) | $0 | $0 | $1.2m | — | |
| Equipment and improvements | — | — | ($64.4m) | ($86.5m) | ($25.7m) | ($73.0m) | ($8.9m) | ($2.5m) | ($2.7m) | ($8.5m) | — | |
| Deposits on equipment | — | — | — | — | — | ($3.3m) | $0 | ($2.6m) | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | $9.6m | $429.9m | ($381.3m) | — | |
| Investments | — | — | — | — | — | — | — | $0 | $0 | ($60.2m) | — | |
| Purchase of investments | — | — | — | — | — | — | — | ($192.3m) | ($3.3b) | ($2.6b) | ($2.0b) | |
| Proceeds and distributions from investments | — | — | — | — | — | — | — | $209.5m | $2.9b | $2.6b | — | |
| Purchase of investments with noncash contributions | — | — | — | — | — | — | — | $3.4m | $13.4m | $374.3m | ($2.0b) | |
| Payable for investments purchased | — | — | — | — | — | — | — | $0 | $3.4m | $0 | — | |
| Proceeds from investments received as non-cash contributions | — | — | — | — | — | — | — | $2.0m | $142.9m | $320.6m | $1.9b | |
| Reclassification between digital assets receivable and investments | — | — | — | — | — | — | — | $18.8m | $389k | $2.2m | — | |
| Purchase of short-term investments | — | — | ($511.0m) | — | ($42.0m) | — | — | — | — | — | — | |
| Proceeds from maturities of short-term investments | — | — | $565.0m | — | $42.5m | — | — | — | — | — | — | |
| Purchases of investments | — | — | — | — | — | — | $0 | ($810k) | ($391k) | ($4.9m) | — | |
| Acquisitions, net of cash received | — | — | — | ($5.7m) | — | — | — | ($43.9m) | ($5.1m) | ($7.8m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | — | ($213.1m) | ($78.5m) | ($96.5m) | ($223.8m) | |
| Net cash used in investing activities of continuing operations | — | — | — | — | — | ($3.3m) | ($55.0m) | ($132.1m) | — | — | ($26.3m) | |
| Net cash provided by investing activities of discontinued operations | — | — | — | — | — | $0 | $9.1m | $0 | — | — | ($26.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($165k) | ($93k) | ($50k) | ($5.7m) | $0 | ($4.5m) | ($195k) | ($284.8m) | ($521.6m) | ($1.3b) | ($26.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Noncash borrowing costs | — | — | — | — | — | — | — | $8.2m | $70.5m | $129.3m | — | |
| Payments of long-term debt | — | — | — | — | $0 | ($603k) | ($611k) | ($399k) | ($209k) | ($226k) | — | |
| Borrowing on bank line of credit | $383k | $2.2m | $920k | $75k | — | — | — | — | — | — | — | |
| Loss on extinguishment of debt | — | — | — | — | — | $0 | $1.3m | $94k | $2.5m | $1.2m | — | |
| Loss on conversion of debt | — | — | — | — | — | — | — | $0 | $0 | $33.6m | — | |
| Loss on change in fair value of debt | — | — | — | — | — | — | — | $0 | $7.4m | $85.4m | — | |
| Loss on change in fair value of related party debt | — | — | — | — | — | — | — | $0 | $13.8m | $0 | — | |
| Borrowings of long-term debt | — | — | — | — | — | $0 | $7.3m | $45.6m | $116.6m | $650.1m | — | |
| Repayment of long-term debt | — | — | — | — | — | — | — | ($10.0m) | ($21.7m) | ($293.0m) | — | |
| Repayment of related party debt | — | — | — | — | — | — | — | $0 | ($45.5m) | $0 | — | |
| Proceeds from issuance of SAFE agreement included in long-term debt | — | — | — | — | — | — | — | $0 | $0 | $12.0m | — | |
| Conversion of debt to common stock | — | — | — | — | — | — | — | $0 | $52.1m | $104.9m | — | |
| Issuance Of Debt | — | — | — | — | — | — | — | $117.2m | $1.0b | $2.5b | $2.3b | |
| Long Term Debt Issuance | — | — | — | — | — | — | — | $0 | $388.9m | $2.1b | $2.3b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | — | $91.5m | $806.5m | $1.7b | $2.0b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | — | $91.5m | $417.6m | ($440.6m) | ($243.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | — | ($25.7m) | ($228.6m) | ($820.9m) | ($596.8m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | — | $117.2m | $646.2m | $380.3m | $353.7m | |
| Short Term Debt Payments | — | — | — | — | — | — | — | ($25.7m) | ($228.6m) | ($820.9m) | ($596.8m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $0 | $4.6m | $0 | — | $125.4m | $851.2m | $480.2m | |
| Conversion of preferred stock to common stock | — | — | — | — | — | — | — | $0 | $0 | $48.4m | — | |
| Initial public offering of common stock | — | — | — | — | — | $0 | $40.0m | $0 | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | — | ($22.4m) | ($55.3m) | ($49.3m) | ($39.9m) | |
| Common Stock Issuance | — | — | — | — | — | $34.1m | $5.9m | $11.1m | $125.4m | — | $480.2m | |
| Common Stock Payments | — | — | — | — | — | — | ($53.3m) | ($10.7m) | ($20.5m) | ($51.4m) | ($35.6m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $34.1m | $5.9m | $11.1m | $125.4m | — | $480.2m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($47.4m) | ($10.7m) | ($20.5m) | ($51.4m) | $444.6m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($53.3m) | ($10.7m) | ($20.5m) | ($51.4m) | ($35.6m) | |
| Deemed dividend on convertible preferred stock (Note 12) | — | — | — | — | $2.3m | $2.0m | $0 | — | — | — | — | |
| Cash dividends paid on Series A convertible preferred stock | — | — | ($195k) | ($315k) | — | — | — | $0 | $0 | ($2.6m) | ($39.9m) | |
| Stock dividends on Convertible Preferred Series A stock | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Non-cash dividends paid in-kind | — | — | — | — | — | $0 | $11.0m | $0 | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | — | ($22.4m) | ($55.3m) | ($49.3m) | ($39.9m) | |
| Dividends Received CFI | — | — | — | — | — | — | — | $6.9m | $19.5m | — | $19.5m | |
| Net Other Financing Charges | — | — | — | — | — | — | — | $5.0m | $141.4m | $834.1m | $891.2m | |
| Net cash provided by financing activities of continuing operations | — | — | — | — | — | $15.1m |
$81.3m
+437.11%
|
$70.6m
-13.12%
|
— | — | $169.6m | |
| Net cash provided by financing activities of discontinued operations | — | — | — | — | — | $0 | $0 | $0 | — | — | $169.6m | |
| Net Cash Provided by (Used in) Financing Activities | $3.2m |
$1.1m
-64.74%
|
$1.1m
-5.01%
|
$9.5m
+799.81%
|
$1.0m
-89.02%
|
$13.5m
+1185.59%
|
($5.5m)
-140.70%
|
$63.4m
+1255.75%
|
$872.2m
+1276.36%
|
$2.4b
+174.17%
|
$169.6m
-92.91%
|
|
| Net increase / (decrease) in cash and cash equivalents | — | — | — | ($348k) | $565k | $8.0m | ($6.0m) | ($225.5m) | $145.5m | $784.1m | — | |
| Net increase/(decrease) in cash and cash equivalents | — | — | ($138.9m) | ($37.7m) | ($51.3m) | $76.8m | ($25.6m) | ($5k) | $14.9m | ($14.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3k | $3k | ($1k) | $7k | $15k | $24k | ($184k) | ($82k) | $145.5m | $784.1m | $546.8m | |
| Cash and cash equivalents, beginning of period | — | — | $328.4m | $189.5m | $151.7m | $100.5m | $25.7m | $316.6m | $462.1m | $1.2b | — | |
| Cash and cash equivalents at beginning of year | — | — | $748k | $644k | $296k | $861k | $8.9m | $2.9m | $2.4m | $1.4m | $314.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $26.8m | $542.1m | $316.6m | $462.1m | $314.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $189.5m | $151.7m | $100.5m | $177.2m | $333k | — | $462.1m | $1.2b | $546.8m | |
| Restricted cash | — | — | $14.8m | $11.6m | $10.4m | $8.8m | — | — | — | — | — | |
| Less: CASH, CASH EQUIVALENTS, AND RESTRICTED CASH FROM DISCONTINUED OPERATIONS | — | — | — | — | — | $0 | $0 | $0 | $0 | $2.4m | — | |
| Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows | — | — | $189.5m | $151.7m | $100.5m | $177.2m | $333k | — | — | — | — | |
| Effect of exchange rate changes on cash and cash equivalents | $3k | $3k | ($1k) | $7k | $15k | $24k | ($184k) | ($82k) | $16k | ($2k) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $236k | $104k | $63k | $51.1m | $53.3m | — | |
| Additional Financial Items | ||||||||||||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | — | — | — | $0 | $131.0m | ($247.7m) | — | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | $279.3m | $182.9m | — | |
| Goodwill | — | — | — | — | — | — | — | — | $58.0m | $66.5m | $121.5m | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | ($16.9m) | ($29.3m) | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $85.5m | $147.9m | — | |
| Operating Expenses | — | — | — | — | — | — | — | — | $43.4b | $61.6b | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | — | ($171.1m) | $258.8m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | $9.6m | ($31.7m) | ($35.5m) | — | |
| Income / (loss) for the year | ($7.8m) | ($1.6m) | ($7.2m) | ($9.5m) | $326k | ($6.7m) | $2.1m | $228.5m | $346.7m | ($241.3m) | — | |
| Digital assets sales revenue | — | — | — | — | — | — | — | ($24.5b) | ($11.2b) | ($20.5b) | — | |
| Digital assets sales cost | — | — | — | — | — | — | — | $24.5b | $11.3b | $20.2b | — | |
| Provision for credit losses | — | — | $954k | $1.6m | $23.9m | $7.2m | $1.7m | $0 | $3.6m | ($2.6m) | — | |
| Equity based compensation | $320k | $559k | $491k | $249k | $194k | $607k | $478k | $81.7m | $74.9m | $53.6m | — | |
| Noncash management fee | — | — | — | — | — | — | — | $0 | $0 | ($56.9m) | — | |
| Noncash interest and net staking income | — | — | — | — | — | — | — | ($24.9m) | ($100.5m) | ($127.1m) | — | |
| Net realized loss on disposal | — | — | — | — | — | — | — | $2.1m | $0 | $0 | — | |
| Net (gains) / losses from operations | — | — | — | — | — | — | — | ($582.9m) | ($1.2b) | ($948.9m) | — | |
| Net unrealized (gain) / loss on notes payable – derivative | — | — | — | — | — | — | — | $9.6m | $31.7m | $35.5m | — | |
| Noncash notes interest expense | — | — | — | — | — | — | — | $13.9m | $17.5m | $35.7m | — | |
| Taxes | — | — | ($6.3m) | ($9.1m) | ($2.8m) | ($20.6m) | $59k | $9.3m | $8.6m | $5.8m | — | |
| Other noncash adjustments | — | — | — | — | — | — | — | $390k | $682k | $698k | — | |
| Digital assets | — | — | — | — | — | — | — | $148.3m | $153.2m | $434.7m | — | |
| Digital assets receivable | — | — | — | — | — | — | — | ($2.6m) | $33k | $490k | — | |
| Derivative assets / liabilities | — | — | — | — | — | — | — | $122.4m | $238.9m | $323.0m | — | |
| Other non-current assets | — | — | ($2.6m) | ($1.1m) | $21.7m | $14.5m | $1.5m | $2.0m | $0 | ($186.4m) | — | |
| Collateral receivable / payable | — | — | — | — | — | — | — | ($48.8m) | $65.7m | ($56.4m) | — | |
| Other non-current liabilities | — | — | — | — | — | — | — | ($4.5m) | $127.4m | $235.3m | — | |
| Proceeds from repayments and maturities of loans receivable | — | — | — | — | — | — | — | $66.7m | $200.7m | $554.4m | — | |
| Origination of loans receivable | — | — | — | — | — | — | — | ($279.8m) | ($279.1m) | ($650.9m) | — | |
| Payable to customers | — | — | — | — | — | — | — | ($6.1m) | $16.1m | ($17.1m) | — | |
| Proceeds from loans payable | — | — | — | — | — | — | — | $117.2m | $315.5m | $380.3m | — | |
| Repayments of loans payable | — | — | — | — | — | — | — | ($25.7m) | ($228.6m) | ($509.4m) | — | |
| Margin loans payable, net | — | — | — | — | — | — | — | $0 | $330.7m | ($311.5m) | — | |
| Proceeds from notes payable, net of issuance costs | — | — | — | — | — | — | — | $0 | $388.9m | $2.1b | — | |
| Share issuance, net of costs | $3.7m | $852k | — | $4.8m | — | — | $6.5m | $11.1m | $125.4m | $851.2m | — | |
| Distributions | — | — | — | — | — | — | — | ($22.4m) | ($55.3m) | ($49.3m) | — | |
| Cancellation of Class A Units withheld | — | — | — | — | — | — | — | ($10.7m) | ($20.5m) | ($51.4m) | — | |
| Interest | $469k | $128k | $250k | $88k | $0 | $7k | $38k | $23.3m | $51.1m | $53.3m | $48.9m | |
| Digital assets loan receivable, net of allowance | — | — | — | — | — | — | — | $54.5m | $475.4m | $522.1m | — | |
| Assets posted as collateral | — | — | — | — | — | — | — | $291.0m | $37.6m | $78.4m | — | |
| Digital assets borrowed | — | — | — | — | — | — | — | $227.7m | $1.1b | $919.7m | — | |
| Collateral payable | — | — | — | — | — | — | — | $496.5m | $754.7m | $636.2m | — | |
| Origination of loans receivable with noncash consideration | — | — | — | — | — | — | — | $10.7m | $10.8m | $0 | — | |
| Receivable for repayment of loans receivable | — | — | — | — | — | — | — | $0 | $0 | $1.2m | — | |
| Repayment of loans receivable with non-cash considerations | — | — | — | — | — | — | — | $0 | $0 | $17.5m | — | |
| Repayments of loans payable with non-cash consideration | — | — | — | — | — | — | — | $0 | $0 | $17.5m | — | |
| Change in fair value of warrant liabilities | — | — | ($160k) | ($13.4m) | ($1.0m) | $5.9m | ($3.7m) | ($575k) | ($76k) | $4k | — | |
| Total adjustments | $5.1m | $662k | $6.1m | $5.3m | ($824k) | $5.7m | ($2.3m) | $9.7m | $1.2m | $1.4m | — | |
| Proceeds from stock option exercised | — | — | — | — | — | $34.1m | — | — | $0 | $20k | — | |
| Redemption of Series C Convertible Preferred Stock and warrants | — | — | — | — | — | — | — | — | $0 | ($331k) | — | |
| Income taxes | $17k | $18k | $14k | $3k | $3k | $0 | $31k | $50k | $21k | $21k | — | |
| Payments of contingent consideration and deferred cash payable | — | — | — | — | $0 | ($203k) | ($4.9m) | ($250k) | $0 | — | — | |
| Change in fair value of contingent consideration | — | — | — | — | $0 | $170k | ($631k) | $0 | — | — | — | |
| Software development capitalization costs | ($142k) | ($46k) | ($15k) | ($11k) | $0 | ($30k) | ($78k) | $0 | — | — | — | |
| Proceeds from stock option and warrant exercises | — | — | — | — | $0 | $7.1m | $19k | $0 | — | — | — | |
| Right-of-use asset obtained in exchange for new operating lease liability | — | — | — | — | — | $0 | $282k | $0 | $394k | $20.3m | — | |
| Government grant income (Note 10) | — | — | — | — | ($960k) | ($88k) | $0 | — | — | — | — | |
| Purchase of business, net of cash acquired | — | — | — | — | $0 | ($4.4m) | $0 | — | — | — | ($105.8m) | |
| Proceeds from issuance of Series D convertible preferred stock, net of issuance costs | — | — | — | $9.0m | $0 | $2.5m | $0 | — | — | — | — | |
| Consideration paid in stock in connection with acquisition of businesses | — | — | — | — | $0 | $1.0m | $0 | — | $542k | — | — | |
| Offering costs settled by issuance of liability classified warrants | — | — | — | — | $0 | $289k | $0 | — | — | — | — | |
| Proceeds received under Paycheck Protection Program | — | — | $953k | — | $1.0m | $0 | — | — | — | — | — | |
| Payments on bank line of credit | ($963k) | ($1.8m) | ($1.3m) | ($2.2m) | — | — | — | — | — | — | — | |
| Payments on term notes from Montage Capital | — | — | ($78k) | ($922k) | — | — | — | — | — | — | — | |
| Net decrease in cash and cash equivalents | $324k | $87k | ($104k) | ($348k) | — | — | — | — | — | — | — | |
| Cash and cash equivalents at end of year | $337k | $661k | $644k | $296k | $90.1m | $168.4m | $333k | — | — | — | $546.8m | |
| Contingent acquisition payments | ($393k) | ($75k) | — | — | — | — | — | — | — | — | — | |
| Principal payments on capital leases | ($324k) | ($45k) | — | — | — | — | — | — | — | — | — | |
| Proceeeds from bank term loan | $500k | — | — | $107.0m | $185.0m | $27.0m | $7.2m | — | — | — | — | |
| Proceeds from term notes from stockholder | $1.0m | — | — | — | $63.7m | $97.5m | $28.0m | $36.5m | $28.0m | $0 | — | |
| Payments on bank term loan | ($750k) | — | — | ($15.0m) | ($143.1m) | ($154.9m) | ($7.2m) | — | — | — | — | |
| Proceeds from issuance of preferred stock, net of issuance costs | — | — | — | — | — | $16.5m | $34.5m | $0 | $0 | $198.2m | — | |
| Realized loss/(gain) on exchange of digital assets | — | — | — | — | — | — | $273k | ($34k) | ($713k) | $418k | — | |
| Change of Digital assets | — | — | — | — | — | — | ($367k) | ($311k) | $64k | ($909k) | — | |
| Increase in operating lease liability | — | — | — | — | — | — | ($1.3m) | — | $49k | — | — | |
| Increase/(decrease) of lease liability-non-current | — | — | — | — | — | — | — | — | $320k | ($34k) | — | |
| Payment for investment in associate | — | — | — | — | — | — | ($1.8m) | — | — | ($200k) | — | |
| Repayment of advances from related parties | — | — | ($26.3m) | ($50.3m) | ($14.3m) | ($105.9m) | $4.1m | — | — | ($475k) | — | |
| Advances to related parties | — | — | ($49.0m) | ($45.0m) | ($10.2m) | ($44.2m) | ($194k) | ($2.7m) | ($4.7m) | $37k | — | |
| Repayment of advances to related parties | — | — | $97.7m | $64.1m | $11.9m | $44.9m | $441k | — | $441k | $475k | — | |
| Proceeds from short term loans | — | — | — | — | — | — | $1.0m | $182k | $810k | $7.8m | — | |
| Repayment of short term loans | — | — | — | — | — | — | ($1.0m) | ($927k) | ($451k) | ($6.1m) | — | |
| Proceeds from issuance of ordinary shares, net of issuance costs | — | — | — | — | — | — | — | $1.6m | $19.9m | $4.5m | — | |
| Loss on disposal and closure of subsidiaries and branches | — | — | — | ($583k) | $31.9m | $37.8m | $2.6m | — | — | — | — | |
| Decrease in contract assets | — | — | ($2.4m) | $6.4m | $1.6m | $871k | $214k | — | — | — | — | |
| Decrease in other contract costs | — | — | $4.8m | $9.7m | $7.8m | $13.1m | $2.7m | — | — | — | — | |
| Decrease in salary and welfare payable | — | — | — | — | ($6.5m) | ($24.9m) | ($2.6m) | — | — | — | — | |
| (Decrease in prepaid tax | — | — | ($9.2m) | $409k | ($1.3m) | ($19k) | $34k | $9.3m | $8.6m | $5.8m | — | |
| Increase in income taxes payable | — | — | $788k | $16.4m | $7.4m | $347k | $9k | — | — | — | — | |
| Reserves recapitalization and proceeds from issuance of ordinary shares | — | — | — | — | — | — | — | $1.6m | $19.9m | — | — | |
| Decrease in financial liabilities from contracts with customers | — | — | ($13.9m) | $66.9m | ($105.5m) | ($46.6m) | ($70.1m) | — | — | — | — | |
| Decrease in operating lease liabilities | — | — | — | ($121.3m) | ($107.0m) | ($71.2m) | ($9.1m) | — | — | — | — | |
| Reserves recapitalization | — | — | — | — | $216.2m | $744.4m | — | — | — | — | — | |
| Payment for offering expenses | — | — | ($5.2m) | — | ($14.8m) | ($1.4m) | ($7.2m) | $0 | ($284k) | ($10.3m) | — | |
| Increase/(decrease) in salary and welfare payable | — | — | ($9.1m) | $6.2m | ($6.5m) | ($24.9m) | — | — | — | — | — | |
| Acquisition of subsidiaries, net of cash acquired | — | — | ($88.0m) | ($38.6m) | — | — | — | — | — | — | — | |
| Others | — | — | ($1.7m) | ($2.5m) | — | — | — | — | — | — | — | |
| Advances from related parties | — | — | $37.1m | $31.1m | $63.7m | $97.5m | $4.1m | — | — | ($475k) | — | |
| Proceeds from contributions from equity shareholders | — | — | — | $217k | — | $744.4m | — | — | — | — | — | |
| Cash and cash equivalents | — | — | $174.7m | $140.1m | $90.1m | $168.4m | — | — | — | — | $314.0m | |
| Capital contribution of non-controlling interests | — | — | — | — | — | $0 | $7.0m | $4.1m | $0 | $0 | — | |
| Lease expense | — | — | — | — | — | — | $328k | $0 | $13.9m | $31.7m | — | |
| Loss on legal settlement | — | — | — | — | — | — | — | $0 | $2.4m | $0 | — | |
| (Gain) loss on classification of held for sale | — | — | — | — | — | — | — | $0 | $15.4m | ($24.6m) | — | |
| Loss on abandonment of assets | — | — | — | — | — | — | — | $0 | $0 | $1.1m | — | |
| Customer deposits | — | — | — | — | — | $0 | $9.5m | $26.8m | ($11.0m) | $757k | — | |
| Due to customer | — | — | — | — | — | — | — | $0 | $13.0m | ($8.2m) | — | |
| Lease assets and liabilities | — | — | — | — | — | — | $0 | ($446k) | ($47.5m) | ($7.5m) | — | |
| Proceeds from sale of assets | — | — | — | — | — | — | — | $0 | $19.9m | $25.0m | — | |
| Finance lease prepayments | — | — | — | — | — | — | — | $0 | ($50.1m) | ($6.2m) | — | |
| Repayment of finance leases | — | — | — | — | — | $0 | ($221k) | ($3.4m) | ($60.0m) | ($125.1m) | — | |
| Payment of deferred financing costs | — | — | — | — | — | — | — | ($2.1m) | ($320k) | ($42.4m) | — | |
| Preferred stock issuance costs | — | — | — | — | — | — | — | $0 | $0 | ($13.8m) | — | |
| Repurchase of shares | — | — | — | — | — | — | — | $0 | $0 | ($31.3m) | — | |
| Proceeds from convertible notes | — | — | — | — | — | — | — | $0 | $0 | $450.0m | — | |
| Purchase of capped call options | — | — | — | — | — | — | — | $0 | $0 | ($51.8m) | — | |
| Purchase of prepaid forward contract | — | — | — | — | — | — | — | $0 | $0 | ($52.7m) | — | |
| Finance right-of-use assets obtained by lease obligation | — | — | — | — | — | — | $5.4m | $8.7m | $227.0m | $113.7m | — | |
| Extinguishment of non-controlling interest | — | — | — | — | — | — | — | $0 | $9.8m | $0 | — | |
| Issuance of warrants, at fair value | — | — | — | — | — | — | — | $0 | $5.7m | $136.3m | — | |
| Conversion of warrants | — | — | — | — | — | — | — | $0 | $0 | $5k | — | |
| Proceeds from sale of investment securities | — | — | — | — | — | — | — | $0 | $0 | — | $1.9b | |
| Payments of operating leases | — | — | — | — | — | $0 | ($310k) | ($330k) | — | — | — | |
| Term loan payoff | — | — | — | — | — | — | $0 | ($7.1m) | — | — | — | |
| Term Loan Issuance Costs | — | — | — | — | — | $0 | ($94k) | ($2.1m) | — | — | — | |
| Loan Payments | — | — | — | — | — | — | $0 | ($3.0m) | — | — | — | |
| Utility deposits | — | — | — | — | — | $0 | ($1.4m) | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($47.4m) | $63.4m | $872.2m | $2.4b | $169.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $107.4m | ($284.8m) | ($521.6m) | ($1.3b) | ($26.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($16.8m) | ($225.5m) | $145.5m | $784.1m | — | |
| Change In Income Tax Payable | — | — | — | — | — | $23.7m | $68.8m | $1.6m | ($13.7m) | — | ($13.7m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($73.2m) | $73.7m | $304.7m | $266.6m | $425.8m | |
| Change In Payable | — | — | — | — | — | $23.7m | $68.8m | $1.6m | ($13.7m) | — | ($13.7m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | — | ($8.5m) | $10.0m | ($73.4m) | ($57.5m) | |
| Change In Tax Payable | — | — | — | — | — | $23.7m | $68.8m | $1.6m | ($13.7m) | — | ($13.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($16.8m) | ($225.5m) | $145.5m | $784.1m | $232.8m | |
| End Cash Position | — | — | — | — | — | — | $10.0m | $316.6m | $462.1m | $1.2b | $546.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($47.4m) |
$63.4m
+233.69%
|
$872.2m
+1276.36%
|
$2.4b
+174.17%
|
$169.6m
-92.91%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($76.8m) | ($49.7m) | ($264.1m) | ($1.5b) | ($277.3m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | — | $9.6m | $31.7m | $35.5m | $35.5m | |
| Investing Cash Flow | — | — | — | — | — | — | $107.4m | ($284.8m) | ($521.6m) | ($1.3b) | ($26.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $107.4m | ($43.9m) | ($5.1m) | ($7.8m) | ($105.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | — | $17.2m | ($382.0m) | ($5.1m) | ($117.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | — | ($45.0m) | ($56.1m) | ($1.2b) | ($1.4b) | |
| Operating Gains Losses | — | — | — | — | — | — | $334.0m | $11.7m | $31.7m | $35.5m | ($4.6b) | |
| Other Non Cash Items | — | — | — | — | — | — | — | ($619.4m) | ($1.1b) | ($1.3b) | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | — | $0 | $3.6m | ($2.6m) | ($2.6m) | |
| Purchase Of Business | — | — | — | — | — | — | — | ($43.9m) | ($5.1m) | ($7.8m) | ($105.8m) | |
| Purchase Of PPE | — | — | — | — | — | — | — | ($45.6m) | ($59.0m) | ($1.2b) | ($1.4b) | |
| Sale Of Business | — | — | — | — | — | $12.2m | $107.4m | $6.9m | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | — | $209.5m | $2.9b | $2.6b | $1.9b | |
| Sale Of PPE | — | — | — | — | — | — | — | $653k | $3.0m | $11.3m | $3.4m | |
| Stock Based Compensation | — | — | — | — | — | — | — | $81.7m | $74.9m | $53.6m | $58.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.