Gemini Space Station, Inc. (GEMI) Form 10-Q — May 14, 2026
Gemini Space Station, Inc. reported Q1 2026 revenue of $50.3 million, a 42% increase year-over-year, driven by a 292% surge in credit card revenue and significant growth in OTC trading activity. Despite the top-line improvement, the company posted a net loss of $109.0 million, primarily due to high operating expenses including $24.2 million in stock-based compensation and $7.9 million in restructuring charges related to its exit from international markets. The filing highlights significant strategic shifts, including the wind-down of operations in the UK, EU, and Australia, and the launch of Gemini Predictions, a CFTC-regulated prediction markets platform.
Key figures
- Revenue
- 50272000
- Total Debt
- 140457000
- Revenue Yoy
- 42%
- Cash Position
- 215623000
- Trading Volume
- 6300000000
- Assets On Platform
- 11100000000
- Crypto Assets Held
- 271956000
- Restructuring Charges
- 7866000
- Stock Based Compensation
- 24178000
- 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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