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Gemini Space Station GEMI OTC — Total net revenue from contracts with customers

Other product segments

Exchange
$17.17M-27.0%
Credit card revenue
$14.7M+292%
Advisory fee revenue
$2.71M
Staking revenue
$2.14M-31.2%
Custodial fee revenue
$1.87M+0.3%
Prediction markets revenue
$444K
Other services revenue
$400K
Other transaction revenue
$187K-59.4%
Other revenue
$82K-3.5%

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SOFIReferrals, other — Total net revenue from contracts with customers
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$50.51M-43.6%
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Other financials

Income statement

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Revenue$50.3M+42.3%
Operating income-$94.2M-96.1%
Net income-$109.0M+27.0%
EPS (diluted)-$0.93+96.9%

Balance sheet

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Cash & equivalents$803.1M+39.1%
Total debt$25.7M
Total equity$456.1M+149%
Total assets$1.5B

Cash flow

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Operating cash flow-$54.4M-196%
CapEx$127.0K-32.4%
Free cash flow-$54.6M-193%

Valuation

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Market cap$517.11M-86.6%
Enterprise value-$260.33M
P/S2.7×

Profitability

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Operating margin-201.4%
Net margin-278.9%
FCF margin-212%

Returns & leverage

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Return on equity225%
Debt / equity0.1×
Current ratio1.3×

Where this comes from

Reported directly by Gemini Space Station in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Gemini Space Station’s 10-Q, filed May 15, 2026.

Filed
May 14, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0002055592-26-000050
Line itemThree Months Ended March 31, 20262025
Net revenue
Transaction revenue
Exchange$17,172$23,538
OTC6,325129
Prediction markets revenue444
Other transaction revenue187461
Total transaction revenue24,12824,128
Services revenue

Item 1. Financial Statements (Unaudited)

FAQ

What is Gemini Space Station's OTC — total net revenue from contracts with customers?
Gemini Space Station (GEMI) reported OTC — total net revenue from contracts with customers of $6.33M in Q1 2026.
How has Gemini Space Station's OTC — total net revenue from contracts with customers changed year-over-year?
Gemini Space Station's OTC — total net revenue from contracts with customers increased by 4803.1% year-over-year, from $129K to $6.33M.
What does OTC — total net revenue from contracts with customers mean?
This metric represents the total revenue generated from over-the-counter (OTC) trading services provided to institutional or high-volume clients. It captures the fees earned from facilitating direct, off-exchange digital asset transactions, reflecting the company's ability to capture liquidity and provide bespoke execution services. Growth in this metric indicates increasing adoption of the company's platform as a primary liquidity provider for professional market participants.

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