Gemini Space Station Earnings Call Transcripts
Fiscal Year 2026
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The meeting confirmed quorum, presented two proposals, and allowed for virtual participation. All six director nominees were elected, and the appointment of Deloitte & Touche LLP as auditor was ratified. No questions were raised by stockholders during the session.
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Revenue rose 42% year-over-year to $50.3 million, driven by credit card, OTC, and prediction markets, while net loss improved 27% to $109 million. Founders invested $100 million to support growth, and cost restructuring is underway amid ongoing crypto market softness.
Fiscal Year 2025
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Revenue grew 13% sequentially in Q4 despite a weaker crypto market, driven by strong credit card and services growth. Major restructuring and a focus on the U.S. market aim to accelerate profitability in 2026, with early traction in prediction markets and a leaner cost base.
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Q3 marked a strong debut as a public company, with net revenue up 52% quarter-over-quarter, record trading and card volumes, and expanding global reach. Services revenue and user engagement surged, while disciplined capital management and new product launches position the business for continued growth.