GEMI · Gemini Space Station, Inc.
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 13, 2026TL;DR. Gemini reported 37% YoY total revenue growth to $45.5M in Q2 2026 driven by a 117% YoY jump in services revenue, expanded into U.S. equities and went live with its in-house derivatives clearinghouse, while operating loss improved 18% sequentially on a 15% sequential decline in operating expenses; however, exchange revenue fell 38% YoY amid a soft crypto market and a credit-card fraud cohort drove a sharp increase in transaction-loss provisions and Adjusted EBITDA deterioration.
- + Total revenue grew 37% YoY to $45.5M led by 117% YoY services revenue growth to $26M, now 59% of net revenue.
- + Operating loss improved 18% sequentially to $76.9M, the third consecutive quarter of improvement, on a 15% sequential decline in operating expenses to $122.4M.
- + Derivatives clearinghouse went live in August after April DCO approval, completing the regulated derivatives stack and positioning for U.S. perpetual futures.
- − Exchange revenue fell 38% YoY to $12.5M and total spot trading volume dropped 66% YoY to $3.8B amid a soft crypto market.
- − Adjusted EBITDA loss widened to $(74.0)M from $(51.9)M YoY, driven by mark-to-market losses on Bitcoin holdings and the higher provision.
- − Assets on platform fell to $8.4B from $18.2B YoY on lower crypto valuations and custody net outflows.
- − Card MTUs declined 7% QoQ to 106K as acquisition marketing was cut to just $0.1M, well below the 10–15% of revenue guidance range.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GEMI
this stock
Gemini Space Station, Inc.
|
$611.31M | -52.8% | +26.3% | — | 7.2% |
|
MS
Morgan Stanley
|
$338.20B | +21.8% | +5.5% | 17.4 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$298.31B | +17.9% | +8.9% | 15.8 | 2.1% |
|
SCHW
Schwab Charles Corp
|
$189.00B | +7.0% | +22.0% | 19.9 | 1.0% |
|
HOOD
Robinhood Markets, Inc.
|
$106.08B | +3.7% | +51.6% | 52.2 | 3.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GEMI | +4.0% | +13.9% | -34.2% | +4.0% | -52.8% |
| SPY | -0.1% | -0.9% | +14.2% | -0.1% | +12.3% |
| vs SPY | +4.1% | +14.8% | -48.4% | +4.1% | -65.1% |