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GEMI · NASDAQ · Financial - Capital Markets

Gemini (GEMI)

Provides trading, custody, stablecoin, and digital-collectible services for retail and institutional crypto users.

$5.88

After-hours close−0.05 (−0.93%)

At close$5.94(−0.92%)

In millions of USD, except per-share figures

In millions	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	36	37	37	34	34	34	34	51	60	39	45
Cost of revenue	8	34	34	32	32	36	36	103	15	15	0
Gross profit	28	3	3	2	2	−1	−1	−52	12	24	45
	152	46	46	43	43	55	55	69	157	129	122
Research & development	0	16	16	16	16	17	17	0	22	0	0
	0	34	34	33	33	45	45	52	64	41	21
Selling & marketing	0	4	4	8	8	13	13	33	39	19	0
General & administrative	0	30	30	25	25	33	33	19	25	22	21
Other expenses	152	−4	−4	−6	−6	−7	−7	16	70	89	102
Operating income	−132	−42	−42	−41	−41	−57	−57	−121	−144	−105	−77
	−4	24	24	−16	−16	−87	−87	−40	4	−4	−31
Interest income	0	0	0	0	0	0	0	0	60	50	0
Interest expense	0	0	0	0	0	0	0	23	11	8	0
Other non-operating income	0	0	0	0	0	0	0	17	−14	−4	31
Income before tax	−136	−19	−19	−57	−57	−144	−144	−161	−141	−109	−108
Income tax expense	1	2	2	2	2	−2	−2	−1	0	0	0
Net income from continuing operations	−137	−21	−21	−59	−59	−141	−141	−160	−141	−109	−108
Other adjustments	0	0	0	0	0	0	0	0	0	0	0
Net income	−137	−21	−21	−59	−59	−141	−141	−160	−141	−109	−108
EPS, basic	−$0.87	−$0.13	−$0.13	−$0.36	−$0.36	−$0.88	−$0.88	−$1.15	−$1.20	−$0.93	−$0.89
EPS, diluted	−$0.87	−$0.13	−$0.13	−$0.36	−$0.36	−$0.88	−$0.88	−$1.15	−$1.20	−$0.93	−$0.89
Weighted average shares, basic	158	161	161	161	161	161	161	139	117	117	121
Weighted average shares, diluted	158	161	161	161	161	161	161	139	117	117	121
EBITDA	−124	−34	−34	−32	−32	−49	−49	−130	−122	−94	−108
Depreciation & amortization	8	8	8	8	8	8	8	8	8	7	0
EBIT	−132	−42	−42	−40	−40	−57	−57	−138	−130	−101	−108