secwatch.observer — SEC 8-K summary
======================================

Issuer:     Gemini Space Station, Inc. (GEMI)
CIK:        0002055592
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0002055592-26-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2055592/000205559226000015/0002055592-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2055592/000205559226000015/gemi-20260217.htm
  HTML page:      https://secwatch.observer/filing/0002055592-26-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer