Gemini Space Station, Inc. (GEMI) Form 8-K — May 14, 2026
Gemini Space Station, Inc. (GEMI) reported Q1 2026 revenue of $50.3 million, a 42% year-over-year increase, driven by a 122% surge in services revenue and interest income. The company’s net loss improved 27% to $109.0 million, with adjusted EBITDA narrowing to $(59.9) million, reflecting early benefits from cost discipline and a reduction in force completed in Q1. Simultaneously, Gemini closed a $100 million private placement with Winklevoss Capital Fund, LLC, owned by CEO Tyler Winklevoss and President Cameron Winklevoss.
Key figures
- Revenue
- 50272000
- Total Debt
- 1065678000
- Revenue Yoy
- 42%
- Total Assets
- 1521816000
- Cash Position
- 215623000
- Gross Proceeds
- 100000000
- Offering Price
- 14
- Shares Offered
- 7142857
- Assets On Platform
- 11100000000
- Credit Card Revenue
- 14700000
- Operating Expenses
- 144460000
- Bitcoin Payment Amount
- 1,257.91 BTC
- Credit Card Receivables
- 218064000
- Monthly Transacting Users
- 589000
Price after filing
Close on the filing date to close N calendar days later (from $5.26). Historical, not a forecast.
AI analysis
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