Gemini Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $40.9M, down 19% year-over-year and 10% sequentially
- ➤Total trading volume $4.5B, down from $16.4B year-over-year
- ➤Operating expenses $119.9M, down 30% year-over-year
- ➤Net loss narrowed 63% year-over-year to $58.6M
- ➤Adjusted EBITDA loss improved to $11.6M from $74.0M sequentially
Expert Statements
Tyler Winklevoss, CEO of Gemini
“Operating expenses declined for a third consecutive quarter, and as we invest in growth, we intend to stay disciplined about where those dollars go. We’re clear-eyed about the work ahead and committed to getting it right: deepening our relationships with the customers who use Gemini, continuing to iterate, and investing where customers and markets are headed. We expect to be judged on results, and we intend to earn the confidence of our customers and shareholders one quarter at a time.”
Cameron Winklevoss, President of Gemini
“We started Gemini in 2014 because we believed crypto would change how people save, spend and move value, and we’re in this for the long term. Gemini 2.0 is our bet that the platforms that last will be the ones that own the regulated infrastructure underneath. We’re building ours to serve customers directly and to be something other platforms can build on.”
NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Gemini Space Station, Inc. (“Gemini,” the “Company,” “we,” or “us”) (NASDAQ: GEMI), a crypto and markets company, today announced financial results for the quarter ended September 30, 2026.
Total revenue was $40.9 million, compared to $50.6 million in the third quarter of 2025, a decrease of 19% year-over-year. Exchange revenue declined 47% year-over-year to $13.4 million, as total trading volume on our platform fell to $4.5 billion from $16.4 billion in the prior-year period. Services revenue and interest income was $23.3 million, compared to $23.4 million in Q3 2025, and represented 59% of net revenue.
Get started
Create a free account to read the full story.