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Gemini Space Station Q1 Revenue Rises 42% to US$50.3M, Shares Climb 25% in Premarket Trading

GateNews

2026-05-16 00:53:12

According to CoinDesk, Gemini Space Station, the U.S. crypto exchange founded by the Winklevoss twins, reported first-quarter 2026 revenue rose 42% year-on-year to US$50.3 million, with shares climbing more than 25% in premarket trading.

The company posted a net loss of US$109 million, improved from US$149.3 million a year earlier, though wider than analyst estimates. Operating expenses climbed 73% to US$144.5 million, including US$6.5 million in severance from layoffs as Gemini exited the UK, EU, and Australia markets. The expense increases reflect the company’s “Gemini 2.0” restructuring and receipt of U.S. regulatory approval in April for a derivatives clearing license.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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