Build an Inve Case for GEMI → Read the full call → US$ mn · quarterly
Gemini (GEMI) earnings
Gemini earnings: last reported Fri, 14 Aug 2026, for the quarter ended Jun 2026.
Gemini earnings callsGemini earnings calls (GEMI)
Latest concall · Q2 2026 · call held call held 14 Aug 2026
Gemini Q2 FY26 — Revenue Growth Despite Crypto Headwinds, Cost Restructuring Delivers
What went well
- Total revenue grew 37% year-over-year to $45.5 million.
- Services revenue and interest income reached $26 million, up 117% year-over-year, now representing 59% of net revenue.
- Total operating expenses declined 15% sequentially to $122.4 million.
What to watch
- Exchange revenue declined 38% year-over-year to $12.5 million due to continued crypto market volume pressure.
- Total spot trading volume declined 66% year-over-year to $3.8 billion.
Performance −79.1% 1Y
1Y: $24.73 on 29 Sept 2025 → $5.16. High $25.65 (8 Oct 2025), low $3.54 (18 Aug 2026).
Quarterly results
Q2 FY26: revenue up 36.6%, net profit up 19.1% against the same quarter last year.
| Line item | Q3 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 25 | 35 | 33 | 51 | 60 +146% | 50 +42% | 45 +37% |
| EBITDA | -52 | -48 | -65 | -121 | -111 −113% | -94 −96% | -77 −18% |
| Net profit | -90 | -149 | -133 | -160 | -141 −56% | -109 +27% | -108 +19% |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Reserves | — | -$1.46B | -$2.04B |
| Total liabilities | — | $1.85B | $1.26B |
| Fixed assets | — | $17.15M | $15.08M |
| Total assets | — | $1.59B | $1.80B |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
22 filings between Oct 24, 2025 and Aug 20, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$483.0K
5 sales by 2 insiders
20% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 9
- Award — granted as compensation
- 8
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Jaitly Sachin Chand | — | $354.3K | Mar 11, 2026 |
| Stojanovic Danijela | — | $128.7K | Aug 20, 2026 |
Latest filings (46)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 20, 2026 | Stojanovic Danijela Interim CFO | Sale 10b5-1 plan | 7,940 | $32.2K |
| Jul 2, 2026 | Stojanovic Danijela Interim CFO | Sale | 8,438 | $37.5K |
| Jul 1, 2026 | Stojanovic Danijela Interim CFO | Award | 22,453 | $0 |
| Jun 16, 2026 | Filipakis Maria Director | Award | 42,462 | $0 |
| Jun 16, 2026 | Esposito James Anthony Director | Award | 42,462 | $0 |
| Jun 16, 2026 | Durham Jonathan B Director | Award | 42,462 | $0 |
| Jun 16, 2026 | Jaitly Sachin Chand Director | Award | 42,462 | $0 |
| May 20, 2026 | Stojanovic Danijela Interim CFO | Sale | 11,700 | $59.1K |
| May 14, 2026 | Winklevoss Capital Fund, LLC Director | Award | 7,142,857 | $100.00M |
| May 14, 2026 | Filipakis Maria Director | Award | 18,656 | $0 |
| Apr 6, 2026 | Stojanovic Danijela Interim CFO | Award | 25,559 | $0 |
| Mar 11, 2026 | Jaitly Sachin Chand Director | Sale | 35,713 | $314.7K |
| Mar 11, 2026 | Jaitly Sachin Chand Director | Sale | 3,995 | $39.6K |
| Feb 20, 2026 | Stojanovic Danijela Interim CFO | Award | 132,275 | $0 |
| Jan 24, 2026 | Meade Tyler Roberts Chief Legal Officer | Tax withheld | 10,361 | $100.7K |
| Jan 24, 2026 | Beard Marshall Edmund Chief Operating Officer | Tax withheld | 14,293 | $138.9K |
| Dec 24, 2025 | Meade Tyler Roberts Chief Legal Officer | Tax withheld | 13,550 | $154.1K |
| Dec 24, 2025 | Beard Marshall Edmund Chief Operating Officer | Tax withheld | 19,266 | $219.1K |
| Nov 24, 2025 | Meade Tyler Roberts Chief Legal Officer | Tax withheld | 13,551 | $145.9K |
| Nov 24, 2025 | Beard Marshall Edmund Chief Operating Officer | Tax withheld | 19,267 | $207.5K |
| Oct 24, 2025 | Beard Marshall Edmund Chief Operating Officer | Tax withheld | 19,266 | $380.7K |
| Oct 24, 2025 | Meade Tyler Roberts Chief Legal Officer | Tax withheld | 13,550 | $267.7K |
| Sep 24, 2025 | Meade Tyler Roberts Chief Legal Officer | Tax withheld | 13,551 | $329.0K |
| Sep 24, 2025 | Beard Marshall Edmund Chief Operating Officer | Tax withheld | 19,267 | $467.8K |
| Sep 15, 2025 | Beard Marshall Edmund Chief Operating Officer | Tax withheld | 129,504 | $3.63M |
| Sep 15, 2025 | Meade Tyler Roberts Chief Legal Officer | Tax withheld | 89,493 | $2.51M |
| Sep 15, 2025 | Jaitly Sachin Chand Director | Award | 35,713 | $0 |
| Sep 15, 2025 | Gemini Space Station, LLC 10% owner | Other | 100 | $0 |
| Sep 15, 2025 | Filipakis Maria Director | Award | 8,910 | $0 |
| Sep 15, 2025 | Beard Marshall Edmund Chief Operating Officer | Award | 805,615 | $0 |
| Sep 15, 2025 | Beard Marshall Edmund Chief Operating Officer | Sale | 258,901 | $6.80M |
| Sep 15, 2025 | Meade Tyler Roberts Chief Legal Officer | Award | 632,106 | $0 |
| Sep 15, 2025 | Meade Tyler Roberts Chief Legal Officer | Sale | 199,463 | $5.24M |
| Sep 15, 2025 | Meade Tyler Roberts Chief Legal Officer | Gift | 64,396 | $0 |
| Sep 11, 2025 | Beard Marshall Edmund Chief Operating Officer | Award | 267,857 | $0 |
| Sep 11, 2025 | Beard Marshall Edmund Chief Operating Officer | Award | 903,971 | $0 |
| Sep 11, 2025 | Jaitly Sachin Chand Director | Award | 7,142 | $0 |
| Sep 11, 2025 | Chen Daniel N. Chief Financial Officer | Award | 535,714 | $0 |
| Sep 11, 2025 | Meade Tyler Roberts Chief Legal Officer | Award | 3,964 | $0 |
| Sep 11, 2025 | Meade Tyler Roberts Chief Legal Officer | Award | 214,285 | $0 |
| Sep 11, 2025 | Meade Tyler Roberts Chief Legal Officer | Award | 637,022 | $0 |
| Sep 11, 2025 | Durham Jonathan B Director | Award | 7,142 | $0 |
| Sep 11, 2025 | Durham Jonathan B Director | Award | 72,123 | $0 |
| Sep 11, 2025 | Esposito James Anthony Director | Award | 7,142 | $0 |
| Sep 11, 2025 | Filipakis Maria Director | Award | 7,142 | $0 |
| Sep 11, 2025 | Beard Marshall Edmund Chief Operating Officer | Award | 9,089 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.