Gemini Space Station, Inc. Class A (GEMI)
NASDAQ:GEMI
Earnings Data
Report Date
Nov 16, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-6.67Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced. The quarter and year showed clear signs of strategic progress: revenue growth (+24% YoY), rapid credit card adoption and product diversification into services and prediction markets, plus decisive cost and balance sheet actions (headcount reduction, loan repayment). However, these positives are tempered by large GAAP losses (net loss $582.8M), a sharp rise in operating expenses (~70% YoY), continued crypto-market volatility that weakened trading volumes, restructuring costs and near-term uncertainty. Management has articulated a credible plan to reduce costs and shift toward higher-margin recurring services, but execution risk and macro dependence remain.Company Guidance
Public Listing and Strategic Repositioning
Completed IPO and became a public company on September 12, 2025; management is repositioning Gemini from a crypto-only company to a markets-focused 'super app' (predictions, credit card, future equities) driven by product diversification and AI-enabled efficiencies.
Sequential Revenue Growth in Q4
Net revenue for Q4 2025 was $56.4 million, up 13% sequentially from $49.8 million in Q3 2025 despite a weaker crypto trading environment.
Full Year Revenue Growth
Full year 2025 net revenue was $174 million, up 24% year-over-year from $141 million in 2024, reflecting diversification away from pure trading revenue.
Services Revenue Expansion
Services and interest revenue reached $76 million for the year (above prior guidance of $60M–$70M); Q4 services revenue was $26.5 million, up 33% sequentially from $19.9 million, and services now represent over one-third of total revenue.
Credit Card Momentum
Credit card revenue reached $33.1 million in 2025 (management cited +185% YoY); Q4 credit card revenue was $16 million, up 87% sequentially from Q3's $8.5 million. Card sign-ups and receivables scaled rapidly—more than 116,000 new cards in 2025, ~150,000 open card accounts as of March 1, 2026, and receivable balances of $219.8 million.
Early Traction for Prediction Markets
Launched Gemini Predictions in December 2025; roughly 15,000 users have traded since launch across ~12,000 listed contracts, indicating early user engagement with the new marketplace.
User Engagement Growth
Monthly transacting users (MTUs) were approximately 601,000 as of December 31, 2025, up 17% year-over-year, signaling increased cross-product engagement.
Operational and Balance Sheet Actions
Reduced workforce (~30% reduction since start of 2026 to ~445 headcount as of March 1), repaid the $117 million Galaxy loan in Q4, and ended year with ~$252 million in cash; these actions simplify the balance sheet and are intended to lower ongoing cash burn.
Resilient Transaction Revenue Despite Volumes Decline
Q4 transaction revenue was $26.7 million, roughly flat vs Q3's $26.3 million despite spot volumes falling to $11.5 billion from $16.4 billion in Q3, reflecting improved fee economics and retail mix.
Gemini Space Station, Inc. Class A (GEMI) Earnings, Revenues Date & History
GEMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GEMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $6.01 | $5.97 | -0.67% |
Nov 10, 2025 | $16.84 | $14.07 | -16.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Gemini Space Station, Inc. Class A (GEMI) report earnings?
Gemini Space Station, Inc. Class A (GEMI) is schdueled to report earning on Nov 16, 2026, After Close (Confirmed).
What is Gemini Space Station, Inc. Class A (GEMI) earnings time?
Gemini Space Station, Inc. Class A (GEMI) earnings time is at Nov 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GEMI EPS forecast?
Currently, no data Available