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AI brief of an SEC Form 8-K · Gemini Space Station, Inc. (GEMI)

Gemini Q2 revenue rises 37% to $45.5 million; net loss narrows 19%

Positive Impact 3 of 5 earnings Written later

Gemini reported second-quarter 2026 total revenue of $45.5 million, up 37% from a year earlier, and a net loss of $107.7 million, down 19% from $133.2 million. Exchange revenue fell 38% amid a softer crypto market, while the company said its services and cost initiatives drove growth and lower expenses. Adjusted EBITDA worsened to a loss of $74.0 million, mainly due to losses on bitcoin received in a May 2026 private placement.

Key points

  • Total revenue was $45.5 million versus $33.3 million in Q2 2025; exchange revenue fell 38% to $12.5 million.
  • Net loss was $107.7 million versus $133.2 million; loss per share was $(0.89) versus $(27.08).
  • Adjusted EBITDA loss widened to $74.0 million from $51.9 million a year earlier.
  • A $16.1 million provision for credit losses on the credit card portfolio was tied to an identity fraud event; an earnings call is set for August 14, 2026 at 8:30 a.m. E.T.

The filing

CompanyGemini Space Station, Inc. (GEMI)
Form8-K, current report
Filed with the SECAug 13, 2026, 4:31 PM ET
Accession number0002055592-26-000063

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.