Gemini Space Station Inc

Gemini Space Station missed Q2 2026 expectations with an adjusted loss of 0.89 USD per share (expectation around 0.57 USD), and the stock fell 5.8% after hours. One reason was a 16.1 million USD provision for credit card fraud that weighed on expenses. Total revenue rose 37% to 45.5 million USD, driven by a 149% increase in services revenue, while trading revenue fell 38% to 12.5 million USD and assets on the platform declined from 18.2 billion USD to 8.4 billion USD. » More on de.investing.com

Gemini Space Station reported Q1 2026 EPS of -0.93 USD, missing the consensus expectation of -0.61 USD, while revenue of 50.27 million USD represented a 42% increase year-over-year. Despite the larger loss and a 73% rise in operating expenses, the stock climbed about 28% in premarket trading, supported by strong revenue growth and diversification of revenue streams (services and interest income account for 49% of revenue). Net loss narrowed to 109 million USD (vs. 149.3 million USD previously), and management forecasts further revenue growth with 51.7 million USD for Q2 and 60.28 million USD for Q3 2026. Risks remain: ongoing losses, rising costs and crypto price volatility could weigh on profitability. » More on de.investing.com

Shares of Gemini Space Station climbed about 25% in after-hours trading after the Winklevoss Capital Fund announced a strategic $100 million investment in Bitcoin. In a private placement, 7,142,857 class A common shares were issued at $14 per share. The company says the proceeds are intended to bolster liquidity and fund product development, strategic initiatives and general corporate purposes; the transaction is described in a Form 8-K filed with the SEC. » More on de.investing.com