Gemini Q2 FY26 net loss narrows 19% to $107.7 million; revenue rises 37% to $45.5 million
GEMI•Recent business updates
Commission-free U.S. stock trading launched July 7; the derivatives clearinghouse went live Aug. 4 following CFTC DCO approval in April.
Q2 results and revenue mix
Gemini Space Station posted Q2 revenue up 37% to $45.5 million.
- Net loss narrowed 19% to $107.7 million; loss per share improved to $0.89 from $27.08.
- Exchange revenue fell 38% to $12.5 million on trading volume down to $3.8 billion.
- Services revenue more than doubled to $23.5 million.
- Operating loss improved 18% sequentially; operating expenses fell 15% sequentially to $122.4 million on lower restructuring costs.
