Gemini Space Station, Inc. filings document the regulatory record for a Nevada-incorporated crypto and prediction markets company listed as GEMI. The company’s SEC filings include IPO registration amendments, current reports on quarterly and annual results, shareholder letters, investor presentations and Regulation FD materials.
Its proxy materials describe annual meeting matters and corporate governance, while Form 8-K disclosures cover operating results, preliminary financial estimates, exit or disposal activity disclosures, restructuring-related cost categories and exhibits furnished to the SEC. The filing record also provides formal context for Gemini’s capital-market history, public-company reporting obligations and risk disclosures connected to its crypto, markets and international operations.
Gemini Space Station, Inc. reported total revenue of $50,272 thousand for the three months ended March 31, 2026, primarily from crypto trading, credit card, staking, and custodial services. The company recorded a net loss of $108,978 thousand as operating expenses and crypto-related fair value losses exceeded revenue.
Cash and cash equivalents were $215,623 thousand as of March 31, 2026, with crypto assets held at fair value of $271,956 thousand. Net cash used in operating activities was $54,432 thousand, while investing activities provided $22,195 thousand and financing activities used $59,467 thousand.
During the quarter, Gemini initiated a restructuring, winding down operations in the United Kingdom, European Union, other European jurisdictions, and Australia, and reducing headcount by about 200 employees. It recorded $7,866 thousand of restructuring charges, mainly severance and lease-related costs, and recognized a $7,100 thousand net benefit from stock-based compensation forfeitures tied to the restructuring.
Gemini Space Station, Inc. entered into a private placement and reported first-quarter 2026 results. The company sold 7,142,857 Class A shares to Winklevoss Capital Fund, LLC at $14.00 per share, receiving a $100.0 million strategic investment funded in Bitcoin.
In Q1 2026, total revenue rose 42% year-over-year to $50.3 million, driven by services and OTC growth, while net loss narrowed to $(109.0) million. Monthly Transacting Users increased 17% to 589,000 and Assets on Platform were $11.1 billion. Gemini also highlighted its new Derivatives Clearing Organization license and traction in prediction markets and agentic trading.
Gemini Space Station, Inc. Schedule 13G/A amendment discloses that Morgan Creek Private Opportunities, LLC Series M, Morgan Creek Digital Fund III and Mark W. Yusko collectively report beneficial ownership of 2,152,262 shares for Mr. Yusko and aggregate 4.8% of Class A common stock. The filing states the 4.8% figure is calculated using 44,858,608 shares issued and outstanding as of March 30, 2026. The cover pages list shared voting and dispositive power of 1,687,982 (MCPO) and 464,280 (MCDF). The Amendment is described as the final amendment and an exit filing by the Reporting Persons.
Gemini Space Station, Inc. is asking stockholders to vote at its 2026 virtual annual meeting on June 15, 2026, at 12:00 p.m. Eastern Time. Investors will elect six directors for one-year terms and consider ratifying Deloitte & Touche LLP as independent auditor for 2026.
As of April 20, 2026, Gemini had 43,999,845 Class A shares with one vote each and 75,126,784 Class B shares with ten votes each, voting together as a single class. Winklevoss Capital Fund LLC holds all Class B shares, giving Tyler and Cameron Winklevoss about 94.5% of total voting power and “controlled company” status under Nasdaq rules.
The proxy details board structure, committee composition and independence, a non‑employee director compensation program built around a $75,000 annual cash retainer plus equity grants, and extensive executive pay. In 2025, each of Tyler and Cameron Winklevoss received a $1 salary and a large performance‑based option award, while former executives Dan Chen, Marshall Beard and Tyler Meade received significant cash salaries and stock or option grants tied to Gemini’s 2025 IPO and long‑term incentives.
Stojanovic Danijela reported acquisition or exercise transactions in this Form 4 filing.
Gemini Space Station, Inc. reported that Interim CFO Danijela Stojanovic received a grant of 25,559 restricted stock units (RSUs) of Class A common stock. The RSUs will vest over two years in substantially equal quarterly installments starting after the first quarterly vesting date following the vesting commencement date of February 20, 2026, subject to her continuous service. Each RSU represents a contingent right to receive one share of Class A common stock, bringing her direct holdings to 193,548 shares after this award.
Gemini Space Station, Inc. (GEMI) describes a crypto-focused financial platform spanning exchange, custody, staking, stablecoin, credit card, derivatives, and a new CFTC-regulated prediction markets business. The company emphasizes heavy licensing, security certifications, and crypto-native technology as core differentiators.
As of December 31, 2025, Gemini served users in more than 60 countries but plans to exit the U.K., E.U. and Australia to refocus on the U.S. The filing highlights revenue concentration in bitcoin, ether and solana trading, as well as growing products like Gemini Staking, GUSD stablecoin and the Gemini Credit Card®.
Management stresses extensive regulatory exposure across securities, commodities, payments, AML, sanctions, consumer protection, credit cards and prediction markets rules, calling out substantial uncertainty around when digital assets are treated as securities or commodities. Key risks include crypto price volatility, evolving regulation, intense competition from both regulated and offshore players, technology and security threats, and ongoing litigation and enforcement exposure.
Gemini Space Station, Inc. reported strong 2025 top-line growth but very heavy losses as it scaled its crypto and markets platform and completed its IPO. Total revenue rose to $179.6M, up from $142.2M, driven by higher trading, services, and fast-growing credit card revenue.
Net loss widened sharply to $582.8M from $158.5M as operating expenses climbed to $525.2M and net other expense reached $243.1M, including large non-cash crypto and related‑party items. Trading volume increased to $52.7B, services revenue grew 115% to $64.6M, and services and interest reached 44% of net revenue, reducing reliance on pure transaction fees.
The Gemini Credit Card was a key growth engine, with 2025 card transaction volume above $1.2B and card net revenue of $33.1M, up 185% year over year. Gemini ended 2025 with $252.2M in cash and cash equivalents, repaid $116.5M of third‑party debt, and then in early 2026 began a major restructuring, cutting headcount by about 30% and exiting the U.K., EU, and Australia to narrow its focus on the U.S. market, prediction markets, and a super‑app strategy.
Gemini Space Station, Inc. director-associated entity Tessera Venture Capital Fund II, LP sold a total of 39,708 shares of Class A common stock on March 11, 2026 in open-market transactions. One block of 35,713 shares was sold at a weighted average price of $8.8118 per share, and another 3,995 shares at $9.9150 per share, leaving Tessera with zero shares after these trades. Footnotes state the prices reflect multiple trades within narrow ranges and explain an ethical wall that prevents Sachin Chand Jaitly from sharing information or participating in investment or voting decisions for Tessera, with a disclaimer of beneficial and pecuniary interest in the shares.