Gemini Earnings Are Out: Volume Fell Hard, But Check the Loss
Gemini Earnings: Volume Falls 73%, Yet Net Loss Cuts 63%
As of November 13, 2026, Gemini Q3 2026 earnings show a split picture for the Winklevoss Gemini exchange.
Per the official SEC press release dated November 12, 2026, Gemini Space Station (GEMI) reported $GEMI revenue Q3 2026 of $40.9 million, while the $GEMI net loss narrows to $58.6 million from $159.5 million a year earlier.
These $GEMI quarterly results arrive in crypto news today as retail trading stays weak and costs keep falling.
What Are the Gemini Earnings Q3 2026 Results?
The Gemini Space Station earnings report compares the September 2026 quarter with the same period of 2025.
Metric | Q3 2026 | Q3 2025 |
Total revenue | $40.9M | $50.6M |
Trading volume | $4.5B | $16.4B |
Operating expenses | $119.9M | $171.4M |
Net loss | $58.6M | $159.5M |
Net loss per share | $0.46 | $6.67 |
The Gemini Q3 2026 net loss improved 63% year over year. Tyler Winklevoss, the CEO, said operating expenses declined for a third consecutive quarter.
Why Did Gemini Trading Volume Fall?
Behind the GEMI revenue drop 19 percent, GEMI exchange revenue slid 47% to $13.4 million, mainly on lower retail activity. Institutional revenue partly offset it.
Sequentially, spot volume rose 18% from $3.8 billion, helped by institutional Zcash activity. Gemini staking fell 29% to $4.2 million on lower staked balances.
How Did Gemini Cut Costs?
GEMI operating expenses fell 30% to $119.9 million. The main drivers:
Sales and marketing: down 75% to $8.3 million
Salaries and compensation: down 32% to $56.4 million
Gemini credit card: revenue up 82%, receivables at $202.2 million
Gemini adjusted EBITDA was a loss of $11.6 million, against $52.4 million a year earlier. The release says the sequential improvement also reflects a $50.8 million swing in crypto asset results.
Gemini monthly transacting users stood at 577,000, down 2%. Gemini assets on platform totaled $13.4 billion.
Gemini Earnings Date November 2026: What Is Confirmed?
Results came out on November 12, 2026. The Gemini earnings call time is 8:30 a.m. ET on November 13, with a webcast on the investor relations website. Gemini earnings today therefore turn on management commentary.
What Is the Gemini Prediction Markets Apex Deal?
On August 24, 2026, the Gemini investor relations release announced a Gemini Apex Fintech letter of intent. Its Titan unit would become the exclusive regulated venue for crypto event contracts through Apex’s futures commission merchant. The letter is non-binding.
Gemini prediction markets revenue reached $0.8 million, up 52% from Q2. In October, the $GEMI MCP server went live on AI platforms, including Anthropic and OpenAI.
Gemini $GEMI Stock Price Today: What Is the Latest?
NASDAQ-listed GEMI traded at $2.65, up 11.2% over the past seven days, according to the CoinGecko GEMI page.
The tokenized price showed a 24-hour range of $2.57 to $2.79, with a closing price of $2.66 and a market cap of $357.18 million.
GEMI earnings may influence the stock's price movement, although the impact remains uncertain.
Is Gemini Stock a Buy After Earnings?
The release offers no verdict. Cash fell to $194.1 million from $252.2 million at December 31, 2025, and losses continue. Analysts may weigh the narrower loss against weaker volume.
Expert View: What Could This Mean?
Analysts following crypto news may read the report as cost discipline before growth.
Cameron Winklevoss called the company’s next phase a bet on owning regulated infrastructure. The release also lists litigation as a risk that could stop event contracts altogether.
Disclaimer: This article is for information only and is not financial, legal, or investment advice. Crypto assets and stocks are volatile, and you can lose money.
