Every 10-Q that Gemini Space Station, Inc. (GEMI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GEMI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GEMI filings page.
Gemini Space Station, Inc. reported total revenue of $95.7 million for the six months ended June 30, 2026, up from $68.6 million a year earlier, driven by strong growth in credit card, staking, and advisory fee revenue. Net revenue from contracts with customers was $87.1 million. The company remains unprofitable, with a net loss of $216.7 million, though this narrowed from $282.5 million in the prior-year period.
Operating expenses increased to $266.9 million, including higher salaries and compensation and sharply higher transaction losses of $31.2 million, partly reflecting a discrete fraud reserve. Operating cash outflow was $105.9 million. Cash, restricted cash, and customer custodial funds totaled $746.8 million, with $331.0 million of crypto assets held. The company undertook a restructuring, exiting the U.K., EU, other European jurisdictions, and Australia, reducing headcount by about 200 employees and incurring $7.9 million of restructuring charges. Gemini also entered a $75.0 million bitcoin‑collateralized facility with Galaxy and continued using a $146.9 million warehouse credit line with Ripple to finance credit card receivables.
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. reported Q3 2025 results and detailed its recent initial public offering. For the quarter ended September 30, 2025, total revenue was $50.6 million, and the company recorded a net loss of $159.5 million. For the first nine months of 2025, revenue was $119.2 million with a net loss of $442.0 million.
Liquidity strengthened after the September IPO and a concurrent private placement. The IPO issued 15.9 million Class A shares at $28.00 per share for $406.3 million in net proceeds, and Nasdaq purchased 1.9 million Class A shares at $26.25 per share for $50.0 million in gross proceeds. Cash, cash equivalents, restricted cash, and customer custodial funds totaled $1.108 billion at September 30, 2025. The capital structure was simplified as preferred units and related party notes converted into common stock at IPO closing. As of November 7, 2025, shares outstanding were 42,526,934 Class A and 75,126,784 Class B.