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Gemini Space Station GEMI Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$50.6MBeat by $2.8M
EPS-$1.81Miss by $0.99
Revenue estimate$47.8M
EPS estimate-$0.82

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$43.5M
EPS estimate-$0.71

Financials

Q3 2025

Income statement

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Revenue$50.6M+106%
Operating income-$120.8M-131%
Net income-$159.5M-76.9%
EPS (diluted)-$6.67+63.6%

Balance sheet

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Cash & equivalents$1.1B+119%
Total debt$25.5M—
Total equity$653.6M+185%
Total assets$2.3B—

Cash flow

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Operating cash flow-$61.7M—
CapEx$1.1M—
Free cash flow-$62.8M—

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$2.81B—
Enterprise value$1.73B—
P/S17.3×—

Profitability

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Operating margin-161.8%—
Net margin-288.6%—
FCF margin-53.6%—

Returns & leverage

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Debt / equity0×—
Current ratio1.3×—

Segments

By product

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Exchange$25.2M+79.4%
Credit card revenue$8.5M+226%
Staking revenue$5.9M+89.7%
Custodial fee revenue$2.8M+75.6%
Advisory fee revenue$2.1M—

By geography

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International$7.5M+90.8%

FAQ

When did Gemini Space Station report Q3 2025 earnings?
Gemini Space Station (GEMI) reported Q3 2025 earnings on November 10, 2025 after market close.
What were Gemini Space Station's Q3 2025 revenue and EPS?
Gemini Space Station reported revenue of $50.6M and eps of $-1.81 for Q3 2025.
Did Gemini Space Station beat estimates in Q3 2025?
Revenue beat the consensus estimate of $47.8M by $2.8M. EPS missed the consensus estimate of $-0.82 by $0.99.
Where can I find Gemini Space Station's Q3 2025 SEC filings?
You can read the 8-K earnings release (0002055592-25-000008) and the 10-Q periodic report (0002055592-25-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.