Gemini Q3 2026 net loss narrows 63% year-over-year to $58.6 million
GEMI•Gemini’s Q3 net loss narrowed 63% year-over-year to $58.6 million, while revenue fell 19% to $40.9 million. Operating expenses dropped 30% to $119.9 million, and Gemini reached a nonbinding agreement with Apex Fintech Solutions on crypto event contracts.
1. Quarterly results
Gemini’s Q3 2026 net loss narrowed 63% year-over-year to $58.6 million, while revenue fell 19% to $40.9 million. Transaction revenue declined 40% to $15.9 million on lower crypto trading activity. Operating expenses dropped 30% to $119.9 million, primarily due to lower compensation costs and reduced marketing spending. A nonbinding agreement with Apex Fintech Solutions would make Gemini Titan the exclusive regulated venue for crypto event contracts distributed through Apex’s FCM.
