Filing Flows › Gemini Space Station (GEMI) › Q2 2026 › vs Q2 2025
Gemini Space Station (GEMI) Q2 2026 vs Q2 2025 (year over year)
Gemini Space Station's revenue rose $12.2M (+37%) from $33.3M in Q2 2025 to $45.5M in Q2 2026. The biggest changes: Net revenue +$12.9M (+42%); Other revenue +$1.3M (+260%); Other revenue −$54K (-51%).
Gemini Space Station, Q2 2026: revenue $45.5M (+37% year over year), operating margin -169.2%, net loss $108M, operating cash flow −$51.4M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Transaction revenue | $17.8M | $20.8M | −$3.1M | -15% |
| Credit card revenue | $16.2M | $4.9M | $11.3M | +231% |
| OTC | $4.7M | $611K | $4.1M | +671% |
| Staking revenue | $4.0M | $2.7M | $1.3M | +50% |
| Custodial fee revenue | $618K | $1.9M | −$1.3M | -67% |
| Prediction markets revenue | $524K | $0 | $524K | — |
| Net revenue | $43.8M | $30.9M | $12.9M | +42% |
| Other revenue | $1.8M | $492K | $1.3M | +260% |
| Other revenue | $51K | $105K | −$54K | -51% |
| Other transaction revenue | $21K | $2K | $19K | +950% |
| Revenue | $45.5M | $33.3M | $12.2M | +37% |
| Net loss | $108M | $133M | −$25.5M | -19% |
| Costs & expenses | $153M | $167M | −$13.3M | -8% |
| Operating costs | $122M | $98.7M | $23.7M | +24% |
| Interest & other, net | $30.8M | $67.7M | −$36.9M | -55% |
| Income tax | $22K | $76K | −$54K | -71% |
| Sales & marketing | $8.8M | $16.1M | −$7.3M | -45% |
| General & admin | $20.6M | $19.2M | $1.3M | +7% |
| Other operating costs | $93.0M | $63.4M | $29.7M | +47% |
| Operating cash sources | $108M | $133M | −$25.5M | -19% |
| Depreciation & amortization | $7.3M | $7.7M | −$364K | -5% |
| Share-based compensation | $20.3M | $1.8M | $18.6M | 12× |
| Working capital & other | $28.7M | $124M | −$95.0M | -77% |
| Cash used in operations | $51.4M | $114K | $51.3M | 451× |
| Net loss absorbed | $108M | $133M | −$25.5M | -19% |
Questions
How much did Gemini Space Station's revenue grow year over year in Q2 2026?
Gemini Space Station's revenue rose $12.2M (+37%) from $33.3M in Q2 2025 to $45.5M in Q2 2026.
What drove Gemini Space Station's revenue change in Q2 2026?
Net revenue +$12.9M (+42%); Other revenue +$1.3M (+260%); Other revenue −$54K (-51%).