Gemini reports preliminary FY2025 net loss up to $602M; CFO, COO, CLO depart

Gemini Space Station, Inc.

2025-FY EPS reported -$15.52 revenue$179,572,000

Preliminary FY2025 revenue $165-175M (+17% YoY), but operating expenses surged to $520-530M from $308M.
Adjusted EBITDA expected between -$267M and -$257M; net loss $587-602M vs improved revenue.
COO Marshall Beard, CFO Dan Chen, CLO Tyler Meade all depart effective Feb 17, 2026; Cameron Winklevoss assumes COO duties.
Danijela Stojanovic named Interim CFO (base salary $450K + RSUs); Kate Freedman named Interim General Counsel.

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