NASDAQ$GEMI
Gemini Space Station Inc · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
Gemini Space Station Inc reported its financial results for the first quarter ended March 31, 2026.
The company generated total revenue of $50.3 million, a 42% increase from the prior year, driven by growth in credit card and OTC transaction revenues. It recorded a net loss of $109.0 million, improved from $149.3 million in Q1 2025, amid higher operating expenses and restructuring charges related to international market exits. The company continued to focus on its core U.S. operations while winding down activities in the UK, EU, and Australia.
- Total revenue rose 42% year-over-year to $50.3 million, led by credit card revenue growth of 292%.
- Net loss narrowed to $109.0 million from $149.3 million, with operating expenses increasing due to stock-based compensation and restructuring.
- Restructuring charges of $7.9 million were recorded in connection with workforce reductions and international wind-downs.
- Monthly transacting users increased to 589,000, up from 502,000 in the prior year period.
Headline financials
Revenue & EPS history
Gemini Space Station Inc · Revenue · Quarterly
$50.3M
Revenue by segment
Gemini Space Station Inc · $45.9M total across 2 segments · Q1 2026
- Transaction Revenue$24.1M—52.5%
- Services Revenue$21.8M—47.5%
Forward guidance
The company is streamlining operations following the wind-down of international activities to focus on core U.S. markets and achieve profitability.
Tailwinds
- Continued user growth in core markets
- Revenue diversification through new products like prediction markets
Headwinds
- Ongoing restructuring costs and headcount reductions
- Exposure to crypto asset price volatility
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 1 quarterly earnings reports · overlaid with Q1 2026
+5.6%
Avg return
Earnings day
-10.7%
Avg return
5 days after
-29.8%
Avg return
30 days after
100%
2 / 2 earnings
Positive
+7.1%
Q1 2026
Best reaction
+4.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.1% | +0.4% | — | |
| Q3 2025 | +4.1% | -21.8% | -29.8% |
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