{"schema_version":"secwatch.filing_event.v1","accession":"0002055592-25-000008","form_type":"8-K","ticker":"GEMI","cik":"0002055592","company_name":"Gemini Space Station, Inc.","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.487196+00:00","generated_at":"2026-05-16T22:43:01.021425+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gemini Q3 net revenue $49.8M (+52% Q/Q); net loss $159.5M; trading volume $16.4B","bullets":["Transaction revenue $26.3M (+26% Q/Q); services revenue $19.9M (+111% Q/Q) from card, staking, custody.","Gemini Credit Card surpassed 100k accounts with $350M in transaction volume (102% Q/Q).","Adjusted EBITDA loss of $52.4M; operating expenses $171.4M including $45.8M IPO-related stock comp.","Established $150M credit facility for card receivables; repaid related-party crypto loans post-quarter.","FY 2025 guidance: services revenue $60-70M; marketing $45-60M; tech/G&A $140-155M."],"urls":{"canonical":"https://secwatch.observer/filing/0002055592-25-000008","json":"https://secwatch.observer/filing/0002055592-25-000008.json","markdown":"https://secwatch.observer/filing/0002055592-25-000008.md","text":"https://secwatch.observer/filing/0002055592-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2055592/000205559225000008/0002055592-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2055592/000205559225000008/gemi-20251110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:43:01.021425+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}