Gemini Space Station Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 37% year-over-year to $45.5M, driven by services and OTC, despite weak crypto trading. Cost restructuring reduced expenses and headcount, while new products like equities and prediction markets expanded the platform. Net loss improved, with focus now on scaling adoption and leveraging the broader product suite.
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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.