GEMI
Gemini Space Station, Inc.12.11
+0.49+4.26%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.42BP/E (TTM)
-Basic EPS (TTM)
-3.99Dividend Yield
0%Recent Filings
8-K
Leadership exodus, revenue up
Gemini disclosed preliminary 2025 results on February 17, 2026: revenue $165M-$175M (up from $141M), MTUs at 600,000 (17% growth), but operating expenses $520M-$530M and Adjusted EBITDA $(267M)-$(257M). Same day, COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade departed; Danijela Stojanovic named interim CFO, Kate Freedman interim GC. Leadership shakeup hits amid heavy losses.
8-K
Gemini exits Europe, cuts 25% staff
Gemini approved a plan on February 4, 2026, to exit UK, EU, and Australian operations while cutting up to 200 employees—25% of its global workforce—to slash expenses and hasten profitability. US and Singapore businesses continue uninterrupted. Plan wraps by H1 2026, with $11 million in pre-tax charges mostly cash. Execution hinges on local laws.
8-K
Q3 revenue surges 52% Q/Q
Gemini Space Station presented at Citi's 14th Annual FinTech Conference on November 18, 2025, furnishing slides detailing Q3'25 results: total revenue $50.6M (up 52% Q/Q, 106% Y/Y), services revenue $19.9M (up 111% Q/Q), trading volume $16.4B, and assets on platform $21.3B. Credit card volume hit $350M+ with 115K+ open accounts. FY2025 guidance targets services & interest revenue $60-70M.
8-K
Q3 revenue up 52% to $49.8M
Gemini reported Q3 net revenue of $49.8 million, up 52% quarter-over-quarter, fueled by $16.4 billion in spot trading volumes and record Gemini Credit Card performance with over 100,000 open accounts and $350 million in transaction volume. Services revenue hit $19.9 million, now nearly 40% of total, yet operating expenses surged to $171.4 million from IPO stock compensation. Losses widened to $159.5 million. Growth spans products and regions.
10-Q
Q3 FY2025 results
Gemini Space Station posted Q3 revenue of $50.6M, up 106% y/y from $24.5M, fueled by exchange fees jumping 79% y/y to $25.2M on doubled trading volume and credit card revenue soaring 226% y/y to $8.5M. Yet operating loss widened to $120.8M from $52.3M amid $45.8M stock comp spike post-IPO and sales/marketing quadrupling to $32.9M; net loss hit $159.5M vs $90.2M y/y, with the operating-to-net gap over 20% tied to $83.1M unrealized losses on related-party crypto loans and $25.0M fair-value hits on related-party loans. Cash swelled to $487M from IPO proceeds ($456M net), funding repayment of related-party convertible notes/loans ($869M/$585M to equity) and Galaxy debt collateral; third-party loans stood at $192M (BTC/ETH collateralized), funding debt $49M (credit card receivables-backed). Post-IPO balance sheet flipped to $654M equity from $795M deficit. SEC Earn litigation lingers.
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