Gemini Space Station Q4 net revenue $56.4M, net loss $140.8M; plans US focus, 30% headcount reduction

Gemini Space Station, Inc.

Q4 net revenue $56.4M (+13% Q/Q); services revenue $26.5M (+33% Q/Q) driven by card and staking growth.
Net loss of $140.8M and Adjusted EBITDA loss of $92.2M on operating expenses $171.7M.
Full-year 2025 total revenue $179.6M (+26% YoY); services revenue $64.6M (+115% YoY).
Received CFTC DCM license for prediction markets; launched spot margin trading in Jan 2026.
Exiting UK, EU, Australia; cut workforce ~30% since Jan 2026; headcount ~445 as of March 1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gemini Space Station, Inc. reported financial results for the three and twelve months ended December 31, 2025.

Period: the three and twelve months ended December 31, 2025
Result: reported results

Exact text from the filing

On March 19, 2026, Gemini Space Station, Inc. (“Gemini,” the “Company,” “we,” or “us”) issued a shareholder letter (the “Shareholder Letter”) and supplemental materials (the “2025 Earnings Presentation”) announcing its financial results for the three and twelve months ended December 31, 2025.

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Gemini Space Station, Inc. filing history →

Source: SEC EDGAR

accession 0002055592-26-000023

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